Market News

Cryptocurrency market value slumps under $1 trillion
Cryptocurrency market value slumps under $1 trillion

Global cryptocurrency market cap falls under $950,000,000,000. Investors sold out riskier assets in the previous two months. The technology that underpins cryptocurrencies has significant uses in industries. According to the statistics website CoinMarketCap, the value of the cryptocurrency market on Monday dropped below $1 Trillion for the first time since January 2021, dropping as low as $950,000,000,000. The market for cryptocurrencies as a whole reached a peak of $2.9 trillion in November 2021, but it has since sputtered. Due to soaring inflation and concerns that central bank interest rate increases will stifle growth, investors sold out riskier assets in the

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Binance Argentina Visa Card Now Supports Shiba Inu
Binance Argentina Visa Card Now Supports Shiba Inu

Shiba Inu is now one of the currencies supported by Binance Argentina. Among others, Binance Coin (BNB) was formerly supported. The arrival of the new coins will result in modifications to Payment Priority. Shiba Inu is now among the coins supported by Binance Argentina’s cards in that nation. More than 90 million retailers globally accept SHIB payments, according to the official statement on Twitter. Notably, consumers will also benefit from rebates and savings on ATM fees. As a result, Binance Argentina introduced a special offer for the new card processors. Between September 12 and September 30, the first 5,000 users

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Why This Bear Market Is Different From Previous Ones
Why This Bear Market Is Different From Previous Ones

Every previous bear market “declared” the death of cryptocurrencies. Everyone is really simply there to watch their stock portfolio soar to dizzying heights. Goldman Sachs has already started trading Bitcoin. According to a Reddit thread, the cryptocurrency was “proclaimed” dead in each and every prior bear market. We only saw so many adoptions and collaborations develop during this Bear Market, which is currently a recession (or at least it feels like one). The bear market has already seen several significant partnerships and adoptions from well-known brands, businesses, governments, and financial institutions only this year. There is no denying that broad

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The-2022-Global-Crypto-Adoption-Index
The 2022 Global Crypto Adoption Index

The prices of Cryptocurrencies are durable despite losses. Investors are confident that markets will recover. It’ll be fascinating to see what solutions the bitcoin industry creates. According to statistics, many people who were drawn by growing cryptocurrency prices in 2020 and 2021 persisted and continued to invest a sizeable portion of their assets in digital assets.  This is also in line with other studies that showed cryptocurrency markets to be remarkably durable despite recent losses. Large, long-term cryptocurrency investors have held on throughout the bear market; as a result, even though their portfolios have lost value, those losses have not

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$69B-out-of-the-crypto-market-cap-in-the-past-24-hours
$69B out of the crypto market cap in the past 24 hours

$69 billion was lost in the cryptocurrency market within a single day. Bitcoin prices plummeted by nine percent, hovering around the $20,300 mark. S&P 500 is down over four percent from last week. According to reports, the cryptocurrency market has seen $69 billion of its value wiped out in 24 hours alone as leading cryptocurrencies continue an almost week-long sell-off. Bitcoin dropped by nine percent to around $20,300, its lowest price since July 2021, while Ether dropped six percent to $1,611 its lowest price since late July. Bitcoin has also been compared to “digital gold,” a potential safe-haven asset and

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BNB-Chain-has-surpassed-3
BNB Chain has surpassed 3.4 billion transactions

BNB Chain has surpassed 3.4 billion transactions. Decentralized, and censorship-resistant blockchains include BNB Chain. BTC has fallen to just around $22,000. As protocols on the chain continue to draw users and activity even during a general market slump, BNB Chain is almost ready to surpass the enormous 3.4 billion transaction threshold. The industry’s most popular chain utilized Twitter to emphasize that it had reached 3.4 billion in transactions on September 11. Given that BTC has fallen to just around $22,000 at the time of scripting, according to CoinMarketCap, a level last seen in the summer of 2021, the growth figure

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More-Than-500M-New-Consumers-Could-Buy-Crypto-By-2030
More Than 500M New Consumers Could Buy Crypto By 2030

An estimated 500 million more investors will enter the financial market by 2030. In 2017, there were only less than 7 million crypto investors. The price of Bitcoin is currently $22k per unit. According to a news story shared by economic and macro analyst Alex Krüger, 500 million more investors will enter the financial market by 2030, bringing the total number of investors to 2.6 billion, according to his calculations. According to the data in the study, a new layer of investors will develop in Asian and African countries. The two primary regions that provided most of the capitalization for

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S&P-500-Bounced-Off-Support,-Crypto-Rally-Underway
S&P 500 Bounced Off Support, Crypto Rally Underway?

The level of the S&P 500 stock index demonstrated a rebound off the support. Cryptocurrency at large has proved resilient in the past months. Sustained trading above the 100 SMA might result in fresh multi-month highs. According to a market analysis by a Twitter analyst, Lark Davis, the cryptocurrency rally is underway. This comes after the S&P 500 stock index level showed a bounce off of the support. This indicates a positive trend in the market which has been in bearish sentiment for the past few months. Even after Wednesday’s rise, markets are still mostly declining. Some investors are staying

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Crypto-Market-To-Escape-Narrowest-Trading-Range-by-2024
Crypto Market To Escape Narrowest Trading Range by 2024

The crypto market may break out from its current trading range by 2024. So far, the current market is in its narrowest trading range in history. Some believe that the market has stabilized already. Despite yet another market bloodbath experienced by most cryptocurrencies, an expert believes that crypto assets will be able to break out from their current trading range on — or possibly — before 2024. According to an article by Bloomberg, this is the “narrowest” trading range recorded for the market so far. Also, the leverage ratios for Bitcoin (BTC) and Ethereum (ETH) are “at the highest on

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Saudi-Arabia-Takes-Affirmative-Action-for-Crypto-Adoption
Saudi Arabia Takes Affirmative Action for Crypto Adoption

The Kingdom of Saudi Arabia appointed its first cryptocurrency chief.  Mohsen AlZahrani will lead the nation to its crypto goals. Saudi Arabia will likely be a major competitor to crypto wall street — Dubai. The Kingdom of Saudi Arabia has taken a huge step to making crypto adoption a more serious priority. In detail, Saudi Arabia’s central bank has just appointed a cryptocurrency chief. The nation’s goal is to advance its digital goals.  In particular, Saudi Arabia appointed Mohsen AlZahrani to lead both its virtual assets as well as its central bank digital currency program. It is doing so to

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Too-Much-Power-Behind-Crypto-to-Ban-It-US-lawmaker
Too Much Power Behind Crypto to Ban It: US Lawmaker

Brad Sherman, a congressman, discussed cryptocurrency and their regulation. He does not think crypto is going to be banned anytime soon. Crypto enthusiasts respond that the technology could be of help. In an interview with the Los Angeles Times published on Sunday, Congressman Brad Sherman (D-CA) discussed his opinions on cryptocurrencies and their regulation. The Californian congressman who leads a House subcommittee on investor protection wants to make Bitcoin illegal, but he doesn’t think Congress will act that way. He told the news source, “I don’t think we’re going to (ban crypto) anytime soon.” We didn’t ban it at the

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Thailand Goes Ballistic on Crypto Ads After Zipmex Disaster
Thailand Goes Ballistic on Crypto Ads After Zipmex Disaster

Thailand has enforced stricter guidelines on advertisements by crypto companies that operate in the country. The move aims to protect the interests of its citizens considered retail investors. Some suspect that the country started to take drastic action after local crypto exchange Zipmex halted withdrawals. Thailand has tightened its stance against advertisements related to cryptocurrency trading or investing, given the ongoing volatility in the crypto market. According to a Bloomberg article, the country aims to protect the interests of its citizens interested in investing in crypto. In detail, Thailand now demands cryptocurrency-related companies that operate in the country to indicate

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