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Tag: Market Updates

Bitcoin Faces ‘Mid-Cycle Wipeout’ as Markets Plunge: Glassnode Report

August 7, 2024 wp-bot Bitcoin News

The latest report from onchain analysis firm Glassnode highlights a significant market downturn, marked by a 32% decline in bitcoin’s value, the largest drawdown of

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Following the Crypto Downturn, Market Observers Predict a 2020-Style Comeback

August 5, 2024 wp-bot Bitcoin News

Over the past 24 hours, as market values have declined significantly, many observers have begun discussing the current crypto market cycle and the potential for

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Double-Digit Crypto Losses Sweep the Market—Over 60 Coins in Freefall

August 5, 2024 wp-bot Bitcoin News

Presently, the cryptocurrency market is experiencing a significant downturn, with bitcoin dropping 24% this week and ethereum shedding 30% against the U.S. dollar. While these

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Crypto Carnage: $1.15B in Leveraged Positions Annihilated as Bitcoin Nosedives

August 5, 2024 wp-bot Bitcoin News

As of 9 a.m. EDT on Monday, the crypto market experienced a $1.15 billion loss in derivatives positions, with $975.93 million of these being long

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QCP Capital: Bitcoin Price Drop Due to Supply Surge and Macroeconomic Woes

August 3, 2024 wp-bot Bitcoin News

QCP Capital has reported a significant reversal in the crypto market, with bitcoin (BTC) prices retracing from recent highs. This shift comes amid an influx

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Markets in Freefall: US Stocks Plummet and Crypto Crashes After Shocking Jobs Report

August 3, 2024 wp-bot Bitcoin News

Following a heinous jobs report, questions are arising about whether the United States will experience a soft landing or if a full-fledged recession is on

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Blockchain
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