Bitcoin briefly loses its spot as top cryptocurrency — Wait, what?
Bitcoin's twin took over the number-one spot on CoinMarketCap. Bitcoin's market capitalization was briefly flippened today as Wrapped Bitcoin suddenly gained quadrillions of dollars in value. But crypto aficionados and maximalists need not worry: The move was a glitch on CoinMarketCap, which briefly displayed Wrapped Bitcoin (WBTC) as worth more than all other assets in the world combined. WBTC showed a behemoth market cap of about $432 quadrillion for a brief period (the total world money supply is estimated at $1.2 quadrillion, including derivatives, according to Rankred.com.) It sat....
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A sense of foreboding characterizes the market even after inflation data sparks solid intraday gains for BTC/USD. Bitcoin (BTC) may have rallied to $44,000 on the back of United States inflation data, but according to traders, there is little hope of a sustained comeback.In a Twitter discussion on Jan. 12, data analyst Material Scientist warned that significant downside may still return to Bitcoin price action."Now we wait"Despite showing stength since bouncing at $39,600, BTC/USD has yet to convince most analysts that its overall downtrend has ended.After U.S. inflation data came in at 7%....
Bitcoin's fall toward $18,000 has revived demand for short-dated put options as a way to hedge downside risk.
A fresh BTC price dip to $45,000 clashes with bullish forecasts across the board as Bitcoin traders lie in wait for an October rebirth. Bitcoin (BTC) starts a new week with a decidedly bearish move — but one which fails to shake investor confidence in the bull run.A mixed weekend saw BTC/USD close above $47,000, only to lose all of its previous gains to challenge $45,000 support hours later.It's a delicate situation — not just Bitcoin, but stocks and sentiment are taking a beating as the Evergrande implosion in China unravels. What could affect the cryptocurrency market? As analysts expect....
Bitcoin briefly broke back into the $20,000 region on Thursday, following a volatile day of trading. Volatility in crypto markets came as data released showed that inflation in the United States had risen to its highest level in over four decades. ETH also briefly rose above $1,100. Bitcoin BTC was marginally higher on Thursday, as prices rallied following a turbulent 24 hours of trading, which saw prices fall below $19,000. Following this drop, the world’s largest crypto token climbed, hitting a peak of $20,361.12 earlier in the day. Volatility in the market comes following the....
Binance, the world’s leading cryptocurrency exchange’s spot market share has fallen for the seventh consecutive month and the crypto firm has reportedly lost more of its spot market share in the previous month. Binance Sees Spot Market Share Decline Reports have shown that the trading platform has experienced a decline in its spot market share […]