Bitcoin and Ether, along with other top 10 non-stablecoin cryptocurrencies by market capitalization, gained in this Monday’s afternoon trade in Asia following the news that US regulators had taken over Silicon Valley Bank and Signature Bank, which both have exposure to the crypto industry. The regulators prote...

The third month of 2023 has started with two weeks of losses in the crypto market. However, it’s too early to say if this signals a return to the bear market we experienced at the end of 2022. The recent pullback happened in response to news that Silvergate, a crypto bank, delayed filing its annual r...

The world’s biggest crypto by market cap, Bitcoin ( BTC ) , lost 2.88% from February 20 to February 27. The coin traded at $23,560 on Monday, while Ether ( ETH ) dipped by 2.26% in the same period to trade at $1,641. Wall Street posted its worst performance in 2023 this Tuesday, prompting BTC to...

Weekly Market Wrap: Bitcoin leaps above $23K after its first-ever weekly ‘death cross’ Bitcoin, the largest cryptocurrency by market cap, seems to be at a crossroads, with a ‘golden cross’ that happened earlier this month and the first in its history weekly ‘death cross’ last week. In a w...

Crypto gains despite market woes The cryptocurrency market continued its advance and managed to regain the psychological market cap threshold of $1 trillion, despite the bankruptcy filing of yet another institutional lender facing serious liquidity concerns, Genesis Global, claiming $5.1 billion in liabi...

Bear market rally raises expectations of a market reversal. Crypto surprised the markets for a second week in a row, with leading currencies Bitcoin ( BTC ) and Ethereum ( ETH ) rising close to 22%, to $21k and $1550, respectively, bringing their total year-to-date gains to about 30% and effectivel...

Crypto experienced gains amid falling stock markets Despite the traditional stock markets' slump, which was caused by positive job news, cryptocurrency ended the week with gains. Reports on a robust labor market translate to wage growth that is too high for inflation to decline, and they suggest that the ...

Crypto weathers the storm of inflation, interest rates, and FUD Another turbulent week for the cryptocurrency markets, which spiked after the US CPI report revealed slower-than-expected November inflation before falling after the Federal Reserve raised interest rates by 50 basis points to their highest level...

The battle over stablecoins rages on In what is being interpreted an aggressive move to solidify Circle’s market position, Coinbase is offering investors the option to swap U.S. dollar pegged stablecoin Tether USDT to USDC , with no conversion cost. USDC was launched in 2018 by Centre, a partnersh...

Lower interest hikes in December impact crypto prices The prospect of smaller interest rate hikes in December, by 50 basis points rather than the 75 of the previous four, appears to have benefited the cryptocurrency market, which increased its market capitalisation by 3% week over week to $815 billion. While...

Crypto market remains resilient to fears of contagion Major crypto coins performed rather well in the week following the FTX meltdown, with most blue chips showing gains. Despite initially sinking to its lowest point in two years, Bitcoin ( BTC ) rose 1% over the week, while Ether ( ETH ) gained 4.5%...

Domino effect in the crypto sector Significant market participants are beginning to declare insolvencies and bankruptcies as the aftermath of the collapse of the cryptocurrency giant FTX begins to materialize. Last week, Genesis Global froze withdrawals, claiming liquidity concerns because of current unfavo...

FTX bankruptcy sends crypto market tumbling The collapse of the second largest cryptocurrency exchange FTX causes Bitcoin ( BTC ) to drop 21% of its value week on week, to $15,700, the same value of Bitcoin exactly two years ago, and this on the anniversary of the leading cryptocurrency's all-time high o...

Bitcoin defies gravity and edges higher Despite the Federal Reserve presenting its fourth straight rate hike of the year (to the highest range since 2008) and traditional markets suffering weekly losses, cryptocurrency markets soared to a 7-week high, with Bitcoin momentarily breaking above $21,000. Whil...

Crypto records gains amid tech stock volatility Despite some of the top tech firms reporting poor earnings, like Google's ad revenue, which showed signs of slowing (the worst in nine years) cryptocurrency had a very solid week. Among the highest-cap cryptocurrencies, Ethereum ( ETH ) had the most remarkab...

EU miners under pressure as winter draws near As Europe braces for a severe winter in the midst of an energy crisis precipitated by Russia's invasion of Ukraine, pressure is mounting on cryptocurrency miners to suspend operations. Given that Europe presently accounts for around 10% of global mining...