Author: finance
In the world of cryptocurrency, the past weekend was full of turbulence. Following the announcement of new US tariffs on Mexico, Canada, and China, the crypto market suffered a significant correction, leading to its most substantial retrace since the last few months. The accelerated sell-offs led to a massive leverage liquidation that, as per the latest insights, was remarkably higher than initially estimated. Weekend Downfall of 21% in the Crypto Market At February’s start, US President Donald Trump unveiled new tariffs targeting Mexico, Canada, and China. These new tariffs include an additional 25% on imports from its neighboring countries and…
In the world of cryptocurrency, significant developments are on the horizon as President Donald Trump signs an executive order that aims at introducing a government-run sovereign wealth fund for fostering economic development. This game-changing initiative aligns with Trump’s longstanding promise to utilize Bitcoin and other digital currencies as an important tool to strategize economic growth in the United States. Exploring Bitcoin’s Presence in US Financial Portfolio US Treasury Secretary Scott Bessent has expressed the administration’s plan to “transform the available assets on the country’s balance sheet into tangible assets for American citizens” within the course of the next year. He…
Dive into an exploration of the recent developments surrounding Dogecoin (DOGE), a top cryptocurrency that has been on a roller-coaster ride recently. This digital asset has faced a significant price drop, leading to widespread concern and speculation among traders. However, amid the gloomy market sentiment, some envision potential opportunities for a bullish rebound. This comprehensive analysis will provide valuable insights into the implications of these market trends, the sentiments of traders, and the future potential of DOGE. DOGE Faces Huge Sell-Off as Prices Plummet A significant price crash has hit Dogecoin, eroding over 25% of its value within a single…
Let’s delve into the intriguing world of crypto, spotlighting Dogecoin, the beloved meme-inspired coin. Despite experiencing a price correction after losing significant support levels, there’s a ray of hope on the horizon. Dogecoin’s prospect for a bullish reversal is explored below, with market data analysis from leading experts. Possible Bullish Reversal For Dogecoin Dogecoin’s recent performance may have been bearish, but crypto analyst Trader Tardigrade believes a turnaround is in sight. According to him, the meme-based virtual currency seems poised for a rebound towards bullish territory. Tardigrade’s optimism stems from key technical indicators that suggest that Dogecoin’s slump is nearing…
The investing community has expressed increasing discontent in recent times about the alleged restrictions and blocks enforced by the renowned US-based cryptocurrency platform, Coinbase. These disgruntled declarations surfacing on the social media app, platform X (formerly known as Twitter), have started turning heads towards the risk management strategies followed by Coinbase and their efficacy in guarding clients from becoming targets of social engineering scams, notorious for costing customers a hefty sum of over $300 million per year on average. Cryptocurrency Losses Worth $65 Million Amid Heightening User Complaints According to investigations spearheaded by crypto analyst ZachXBT, the surging account issues…
The world of cryptocurrencies continues to be an unpredictable one, with many fluctuations and changes in the market. One such fluctuation is manifest in the case of XRP, a popular cryptocurrency which experienced a considerable price fall against the backdrop of an unstable cryptocurrency market post the tariff announcements made by the former US President Donald Trump. XRP’s Sudden Market Slump Recently, there was a significant downswing in XRP’s performance, the token’s ambitious pursuit to maintain its price above $3 and possibly even achieve a new all-time high was thwarted. At the time of penning this, XRP was trading at…
The recent plummet in the prices of Bitcoin, Ethereum, and the overall cryptocurrency market has caused a wave of concern amongst traders. Triggered by global macroeconomic influences, this downturn has instigated widespread sell-offs in the crypto realm as investors grapple with uncertainty. The Evolution of a Crypto Market Meltdown According to CoinMarketCap, there is an over 10% decrease in the cryptocurrency market within the last 24 hours. Bitcoin, in particular, has experienced a 6% plunge, hitting a shocking low of $92,000. Simultaneously, Ethereum has experienced a steeper 20% fall, dropping it to the $2,400 mark. This market meltdown trails the…
The unpredictable and ever-fluctuating world of cryptocurrencies has witnessed a severe financial aftershock in the wake of Bitcoin and other digital currencies’ recent downturn. The ripples of this tremor have manifested as massive liquidations occurring within the derivative markets of cryptocurrencies, pulled under by the turbulent currents of this financial maelstrom. A Tidal Wave Hits the Crypto Derivatives Market Top-tier analytical platforms like CoinGlass have exposed the disconcerting data. Over the past 24 hours, the derivative markets have experienced an overwhelming number of liquidations related to cryptocurrency contracts. In this context, “liquidation” signifies the forced termination of any open contract…
The Thailand Securities and Exchange Commission (SEC) is on the verge of implementing a distributed ledger technology (DLT)-based trading platform. The aimed objective is to utilize substantial investor networks in a bid to make digital token transactions more seamless. This affirmative move by Thailand’s SEC will significantly impact the local market and may further influence the broader crypto economy in a multitude of ways. These include regulatory support for digital tokens, digitalization of bond trading, categorized tokenized, and electronic securities, as well as approving digital token projects. Currently, the scope of this decision is confined to Thailand and does not…
In the realm of cryptocurrencies, the start of the day marked the sinking prices of bitcoin and other top altcoins. With a dip of 8% in Bitcoin ($BTC) and a drop of over 20% in Ethereum ($ETH), it seems that nearly every crypto is taking a hit due to the ongoing tariff war instigated by Trump against Canada and Mexico. However, amidst this turmoil, some cryptos remained unaffected, and some like Wall Street Pepe ($WEPE) and Solaxy ($SOLX) managed to thrive. Let’s delve deeper into these cryptos and others that provide excellent potential for gains when the market finally recovers.…