Market News

Ether Drops Below $1,400, Pummeled By US Inflation And Difficulty Bomb Setback

Ether fell to its lowest level in more than a year as altcoins took a bigger hit. The second largest cryptocurrency by market capitalization recently traded around $1,450, down more than 15 percent since the weekend. At the time of writing, Ethereum is trading at $1,327.40, down 26.5 percent from the previous week. Coingecko stats …

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Crypto Markets Lose $100 Billion As Bitcoin Drops Below $26K

The broader cryptocurrency market has been particularly rattled in the past 24 hours, with Bitcoin dropping below the $26,000 threshold once again. Bitcoin is currently selling at $25,168.94, down 16% in the past week, according to Coingecko statistics published on Monday. With Bitcoin dropping to its lowest level since late 2020, the entire cryptocurrency market …

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Bitcoin Decline Sees Funding Rates Plunge To Three-Month Lows

Bitcoin funding prices are down after a massive sell-off at the beginning of the week. Bitcoin made a noticeable recovery after a slow weekend, but this sell-off will quickly wipe out all the gains that have been made, and with it, funding rates have collapsed. It led to one of the steepest collapses in funding …

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Bitcoin Takes A Beating At $27K As Crypto Economy Settles Just Above $1 Trillion

The global cryptocurrency market was on its way to another drop on Saturday, with Bitcoin and other cryptocurrencies taking a major hit throughout the day. The $1.19 trillion crypto industry is currently worth less than it was in July of last year. In the past week, the majority of notable cryptocurrencies, including Bitcoin, Cardano, Ethereum, …

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CPI Print Pushes Crypto Into Red Zone, Here Are 2 Potential Scenarios

The crypto market is retesting critical areas of support as the US Consumer Price Index (CPI) exceeds expectations. The metric is used to measure inflation in the US dollar, and registered An 8.6% increase year over year, the highest since 1981. Related reading | TA: Bitcoin Bears Keep Pushing, Why BTC Still Low This could …

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Bitcoin Slides As CPI Report Hints At Soaring Inflation

With traders retreating for the weekend, bitcoin prices started the Friday session rather slow. During European trading hours, Bitcoin is a bit stuck at around $30K, showing signs of weakness ahead of the release of the US Consumer Price Index (CPI). The price of Bitcoin fell on Friday after US consumer price index data revealed …

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How Will Cynthia Lummis’s Proposed Bill Affect Bitcoin

Senator Cynthia Loomis, a farmer and Republican senator from Wyoming inserted Comprehensive and comprehensive bill on Bitcoin and cryptocurrency regulations. The RFI (Responsible Financial Innovation) Act was passed on June 7The tenth by the senator along with Christine Gillibrand, a New York securities attorney, and a Democratic senator. Related reading | Bitcoin open interest drops …

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Ethereum Prices Down For 4th Straight Session As ETH Trades Below $1,800

Late Friday, Ethereum once again felt the tightness of the broader crypto market, trading below $1800, as prices fell for the fourth consecutive session. Despite these small losses, bearish momentum has prevented ETH from breaching the $1,800 barrier in the past seven days. After a slow pace in April, inflation rose again in May, which …

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Bitcoin Spot To Derivatives Flow Forms Historical Bullish Pattern

On-chain data shows that the flow of bitcoin from spot exchanges to derivatives exchanges is currently charting a historically bullish trend for the cryptocurrency price. The flow of bitcoin trading to derivatives begins to drop sharply As pointed out by an analyst at CryptoQuant MailThe immediate flow of BTC into derivatives may indicate a bullish …

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Ethereum To Delayed Merge?, ETH Price Plunges Below $1,700

Ethereum has broken below $1,700 since July 2021. At that time, the price of ETH was reacting to the downside due to increased selling pressure across the cryptocurrency market. Related reading | TA: Ethereum maintains major support, why should ETH overcome this hurdle This time around, Ethereum appears to be reacting to poor macroeconomic conditions, …

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