Ripple’s XRP stood at about $0.60 on Thursday at 1 pm ET, up 35% since the news, with ETH, SOL and ADA among others seeing gains
Small cap digital assets to face “significant” pressure should bankrupt crypto lender Celsius sell or convert assets on reserve
Smaller cryptoassets largely act as high-beta alternatives to ether and their prices have been positively correlated with ETH performance in recent weeks
A number of tokens, including Rocket Pool, Aptos and Optimism have each hit all time highs so far this month, potentially setting the scene for a major 2023 turnaround
Cryptocurrency markets lit up over the past week, with all but three top-100 digital assets booking gains
Cryptoasset markets haven’t seen a prolonged “altcoin season” for more than a year, but heavy economic pressure on bitcoin miners could change that
Bitcoin dominance dropped more than 7% over the past week, as smaller names bounce harder relative to BTC
The US crypto exchange shared its asset listing process after insider trading fears and deteriorating volumes
It marks the second largest weekly crypto redemptions this year
Solana (SOL) has become popular in the NFT and DeFi spaces as Ethereum users seek out new platforms with faster and cheaper transactions
BTC and ETH bearish price action are contributing to a broader market sell-off of altcoins, Bitcoin derivatives open interest retraces
Cryptocurrency markets fall on news that the People’s Bank of China would restrict access to international crypto exchanges.
Investors risk appetite rebounds as cryptos make small gains and Wall Street indices advance.
“The macro spillover came early with crypto markets tumbling this week along with global risk assets in response to the Evergrande headlines,” QCP Capital Broadcast said. “For a market that was starving for directional catalysts and [was] extra edgy from FOMC uncertainty, this ‘risk-off’ was the perfect excuse for a hard dip.”
The crypto markets had another rocky day. In the last 24 hours, Solana, fell 10.90% to $123.25 and Uniswap fell 10.58% to $19.04.
Major laggards in the asset class include XRP and Solana, which fell 15% and 12%, respectively.
$SUSHI is trading at $13.28, 43.2% lower than the token’s all-time high, according to CoinGecko.
AVAX, the token behind Avalanche, was up 18% on Thursday following the company’s funding news.
“We’re seeing a lot of Layer-1 chains out there and they’re all choosing different tradeoffs. These things are not just better than the other,” Tushar Jain, Managing Partner at Multicoin Capital, said. “We’re very interested in exploring different parts of these tradeoffs. One of our big bets in this space is an alternative layer-1 called Solana.”
US stocks fall as investors eye price pressures, the delta virus strain and looming risks of elevated inflation levels.
Bitcoin has shed 11% in the past seven days, its largest single-week drop since May
Equities may continue volatile trading sessions as investors remain uncertain about US economic growth due to rising Covid-19 cases, an unclear tapering timeline and more.
Cryptos like bitcoin and ethereum slowly recovered as The Dow Jones Industrial Average declined for the fourth day in a row.
The US Securities and Exchange Commission is investigating Coinbase, allegedly threatening to sue the popular exchange if they launch their forthcoming lending product.