Author: finance
As the reader delves into the world of cryptocurrencies, a stark revelation manifests – the Bitcoin Fear & Greed Index has plummeted to its lowest point since the bear market of 2022. This unfortunate downturn has been triggered by the recent slump in Bitcoin prices, further steeping the crypto market in a state of unease. Current Standing of the Bitcoin Fear & Greed Index Serving as a significant barometer of market sentiment, the “Fear & Greed Index” from Alternative measures the prevailing sentiment among cryptocurrency traders. This numeric scale ranges from zero to a hundred and represents five key states…
In a remarkable policy transformation, Pakistan is on track to form a National Crypto Council, a governing body designed to regulate digital assets as per a recent article by Dawn. This represents a significant shift in Pakistan’s previous stance of resisting cryptocurrencies. This move signals that the nation is stepping towards integrating digital currencies, setting a contrasting tone to their historical standpoint. Formation of a National Crypto Council in Pakistan Following the victory of US President Donald Trump in the November 2024 election, countries across the globe have been gradually demonstrating an increasingly positive sentiment towards digital assets. The Trump…
The global cryptocurrency market witnessed a sharp, unexpected correction this week, with Bitcoin (BTC) being one of its biggest casualties. As the world’s most valuable digital currency plummeted, it failed to hold on to the crucial $90K mark, subsequently leading to enhanced market turbulence. In this critical scenario, speculators’ opinions diverge, with some apprehending a bear market while others remain hopeful about the digital giant’s long-term growth prospects. Amid such market volatility, it’s essential to recall the insightful words of CryptoQuant CEO Ki Young Ju, who believes that these kinds of downturns are a common occurrence during bull runs. If…
In the constantly fluctuating landscape of Bitcoin investments, a new report from the blockchain data platform, Glassnode, illuminates the extent of the loss experienced by recent Bitcoin investors in the wake of the latest market slump. This comprehensive analysis sheds light on how different cohorts of investors have weathered the recent storm, revealing that the most significant losses were borne by the newest market entrants. Unpacking the $2.16 Billion Loss of Recent Bitcoin Investors In a recently issued report, Glassnode has examined the aftermath of the precipitous Bitcoin price drop. The focus of the analysis is the ‘Realized Loss’ metric,…
As news breaks of the United States’ approximate plans to introduce tariffs on Canada and Mexico in the coming month, the global market feels the tremors of uncertainty. This development has had an apparent impact on the global cryptocurrency market cap, resulting in a slight dip of 3.1% over the last 24 hours. However, amidst the ripples, certain altcoins are displaying resilience and inching closer to critical market cap benchmarks. In the spotlight are TRON (TRX) and Cardano (ADA), both appearing to be on the trajectory to breach the $25 billion market cap landmark by March. TRON (TRX) The TRON…
Step into the world of cryptocurrency and observe the volatile ebb and flow of Dogecoin, the popular meme coin. This cryptocurrency has witnessed a sharp decline in open interest by over $3 billion since the beginning of the year. This downturn hints towards a potentially bearish future for the digital asset given the existing broader crypto market dynamics. However, there is still a glimmer of hope for an uptick, as some analysts believe the coin could rally back to its coveted target. Significant Drop in Dogecoin’s Open Interest The data from Coinglass unveils a shocking decline in Dogecoin’s open interest…
The growing optimism surrounding the future of the cryptocurrency industry is not without basis, given the recent developments under the new Trump administration. As of February 2025, the U.S. Securities and Exchange Commission (SEC) has started to put an end to the long-standing and prominent cases against various digital asset companies. This move marks the beginning of what seems to be a positive era for firms dealing with cryptocurrencies. A New Dawn for Crypto Firms Coinbase (NASDAQ: COIN), the world’s largest publicly traded cryptocurrency exchange, emerged as one of the first benefactors of this new development. Even though the decision…
Indulging in the world of cryptocurrencies, one cannot help but notice the significant bearish trend Solana (SOL) has been experiencing lately. The altcoin has suffered a steep decline of approximately 23% over the past week, primarily inflicted by the broader crypto market downturn. However, the silver lining is visible amidst the cloud, as SOL presents promising signs potentially indicating a price recovery. As we dive deeper into the analysis, let’s keep the focus on Finances Zippy, a leading cryptocurrency application offering keen insights into price predictions and market trends that could prove instrumental in tracking SOL’s future potential. Gaussian Channel…
Understanding the cryptocurrency landscape can be a daunting task, primarily due to its volatile nature. Among the many cryptocurrencies vying for attention, XRP finds itself in a fascinating phase, with significant price changes on the horizon. Let’s dive in to assess the situation. Decoding the Current Phase for XRP Despite a largely stagnant market scene, XRP seems to be gearing up for a significant price shift. An ABC correction pattern appears to be nearing its end for XRP in the daily timeframe, with Dark Defender’s recent analysis pointing out the Relative Strength Index (RSI) inching closer to the oversold domain.…
Let’s delve into the dynamics of Solana (SOL), a popular cryptocurrency that has experienced a 50% drop in value over the past five weeks. This sharp decline corresponds with an increase in market volatility, a spike in speculation surrounding memecoins, and anticipated sell pressure from the forthcoming FTX estate unlock. The downturn has sparked commentary from Travis Kling, founder of Ikigai Asset Management, who warned about the broader potential implications of this situation. Kling suggests investors may need to reconsider the previously lucrative strategy of “owning the casino”—an investment thesis that might be unraveling in real time. Solana and the…