The US stock market surged on Wednesday as investors looked ahead to a crucial US House vote on a bill to end the government shutdown. Bitcoin, however, fell sharply, retreating from its weekly highs amid shifting sentiment toward traditional assets. The leading cryptocurrency dropped from an intraday high of $105,300 to around $101,200, a 3.4%
A crypto crash that has cost investors billions of dollars is happening, with popular names like Uniswap, World Liberty Financial (WLFI), and Pepe (PEPE) falling by double digits from their highest levels this year. Uniswap price has plunged by 21% from its highest level this week, while WLFI has pared back some of the recent
Japan’s main bourse operator, according to a Bloomberg report, is considering a regulatory response to the sharp rise in publicly listed firms transforming into crypto-treasury vehicles amid heavy losses from these entities that are drawing scrutiny. The Japan Exchange Group Inc. (JPX), which operates the Tokyo Stock Exchange, is now weighing options to rein in
Circle stock price has been in a strong freefall in the past few months, a situation that accelerated after it published its second quarterly results as a publicly traded company. It plunged to a low of $86, down sharply from its all-time high of $300. This plunge has brought its market cap to $19.9 billion,
Taiwan’s central bank will officially start exploring the possibility of establishing a Bitcoin reserve to diversify the nation’s holdings and reduce the country’s reliance on the US dollar. Long-time Bitcoin proponent and one of the leading names behind Taiwan’s pro-Bitcoin push, Dr. Ko Ju-Chun, a legislator at the Taiwanese parliament, is leading the effort. Ko
Digital currencies exhibited bearishness on Thursday as Bitcoin wavered below $103,000. As altcoins displayed mixed performances, this article explores XRP, Ethereum, and the lesser-known USUAL coin. First XRP ETF goes live The much-anticipated momentum for the Ripple community arrived today as the first spot XRP exchange-traded fund began trading. Canary Capital’s XRPC instantly opens Ripple’s
The XRP price remained under pressure on Friday, mirroring the performance of Bitcoin and other assets. Ripple dropped for four consecutive days, reaching its lowest level since November 10. It dropped even as the spot XRP ETF launched in the United States. Canary XRP ETF had a strong debut The XRP price remains in a
Bitcoin price continued its strong sell-off today, Nov. 14, its lowest level since May 8. BTC token moved to a low of $97,200, down sharply from the all-time high. This article explores the top reasons why the BTC price is crashing. Bitcoin price crashing as ETF outflows rise One reason why Bitcoin price is in
The crypto market crash intensified on Friday, Nov. 14, with Bitcoin and most altcoins leading the way. Altcoins like Story (IP), Aerodrome Finance (AERO), Jupiter (JUP), and Pudgy Penguins (PENGU) are the top laggards. So, will crypto go back up following this crash? Why the crypto crash is happening The crypto market crash is happening
The cryptocurrency market has continued its poor performance in November as Bitcoin failed to overcome the $107K resistance level earlier this week. The selling pressure that followed has seen Bitcoin drop below $97K for the first time since May. With the bears currently in control, Bitcoin could test lower support levels in the near term.