This had not started with the right foot for the cryptocurrency market and we’ve already covered yesterday how Bitcoin dropped. However, the weakness in Ether, the second-largest cryptocurrency, triggered impulsive selling across most of the DeFi tokens, after being the lead performance for months, these tokens continue to erase gains
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It’s more than a year since Facebook’s Libra project had been officially announced, and despite a regulatory setback, things continue to advance moderately. According to a recent Reuters report, an ex-executive from HSBC had joined the Switzerland-based company, a sign of commitment to keep the project going and deliver a
This is one of the best years for stablecoins, considering the aggregate market cap shows triple-digit gains, at a time when traditional cryptocurrencies had been rising, as well. Despite the recent crypto market drop, USDC, Dai, and Binance USD are some of the stablecoins that are on top of the
The past several days had been some to forget for the cryptocurrency market, as valuations took a tumble. We’ve warned since the end of August that the sentiment is deteriorating and now the results are more than suggestive. Even though as of today, Friday, September 4th, some losses had been
DeFi or decentralized finance is one of the sectors where growth had been skyrocketing and the locked-in value is a great indication with that respect. Even though for the past two weeks cryptocurrencies eased lower as momentum weakened, DeFi projects kept going higher, with Chainlink as one of the most-favored
The past month could not have been better for Ether, the second-largest cryptocurrency, which had managed to bank a staggering 80% return. The price broke above $400 and topped close to $450, before starting to correct lower, reaching levels not seen since July 2019. With such an impressive bullish momentum
The first half of the week had not come with the same impressive gains and instead, the cryptocurrency market had erased some of the ground gained, losing approximately $20 billion in market capitalization on August 11th alone. There were no major catalyzers behind the bearish move, which means it was
The popular hardware wallet provider Ledger had recently announced that it had been subject to a data breach in June and July, which had exposed the marketing and e-commerce database the company used for sending promotional emails. Based on the latest headlines, cryptocurrency funds stores in wallets are safe, as
Continuous dollar weakness is acting as a tailwind for cryptocurrency valuations starting the new week, with most of the large-cap tokens in green territory. After consolidating around $270B, the global market cap of cryptocurrencies is on the rise again and surpassed $300 billion, as the global reserve currency continues to
Following the March dip, the global cryptocurrency market had managed to rebound, but despite that, the broader picture is still not encouraging. The market as a whole continues to stand below the February highs, even though in the meantime we’ve had altcoins like Chainlink outperforming by a wide margin. There
