Bitcoin prices tanked to around $73,000 in late trading on Tuesday, its lowest level since November 2024. The fall is significant because it dropped below April 2025 support levels, which were around $74,500, confirming bear market territory. “Negative momentum is currently extreme as the bear market persists following the October 10 flash crash,” reported Swissblock. The […]
Bitwise Asset Management’s Chief Investment Officer, Matt Hougan, has stated that the cryptocurrency market has been in a full-blown “crypto winter” since January 2025. The exec said that signs suggest the downturn may be closer to ending than beginning. Positive News Isn’t Driving Prices In a recent post titled “The Depths of Crypto Winter,” Hougan explained that, […]
After nearly a week of almost consistent price losses, Ripple’s cross-border token has finally rebounded, marking a 4% increase since yesterday to just over $1.60. Analysts rushed to offer their views on the asset’s short-term price performance, with Ali Martinez outlining the next significant support lines if XRP’s current recovery is nothing more than a […]
Investors pulled $1.7 billion from digital asset investment products this past week. This has reversed year-to-date gains and left a net $1 billion outflow globally. CoinShares stated that the decline reflects weaker investor confidence, influenced by a more hawkish US Federal Reserve Chair, continued selling by crypto whales linked to the four-year cycle, and rising […]
“FUD has taken over social media,” following Bitcoin’s 16% fall over the past week, said blockchain analytics firm Santiment on Monday. The crash was “a result of retail selling their bags,” it stated before adding that “this is more proof that markets move in the opposite direction of the crowd’s narratives.” “Negative posts about crypto […]
Blockstream CEO Adam Back responded to renewed attention around the company after newly unsealed Jeffrey Epstein documents emerged as part of a large US Department of Justice disclosure. In a public clarification, Back said Blockstream has no ongoing or historical financial relationship with the convicted sex offender. Blockstream Says No Epstein Ties Back asserted that […]
The most recent crash in the crypto market has undoubtedly been driven by an external shock rather than a protocol failure of any kind. The escalating conflict in the Middle East, a hawkish Federal Reserve, and prolonged economic disruption in the US are amongst the leading reasons for a broad risk-off move. Bitcoin fell to […]
The crypto market selloff continued over the weekend as investors were rattled by US President Trump’s pick for the Federal Reserve chair. The new Fed chair, Kevin Warsh, is viewed as hawkish and may not cut interest rates as fast or as much as investors expected, given his stance on inflation. “It’s all about the […]
U.S. banks are increasingly at risk of losing deposits to the digital assets space as stablecoins continue to gain traction. The concern comes amid growing stablecoin adoption, with the total supply in circulation having risen by roughly 40% over the past year to just over $300 billion. Long-term Funding Concerns A Bloomberg report citing analysis […]
The broader market correction continues in crypto, as bitcoin just slumped below $75,000 for the first time in almost a year, with ETH dumped beneath $2,200. While this sounds bad, because it is, it’s also worth looking for a different perspective, which might show that ‘we are still early’ in crypto. The Crypto Calamity Bitcoin […]