On Tuesday, September 7th we witnessed a breathtaking valuation swing of at least 20% across all of crypto within a matter of hours. It was followed by a low-double digit price rebound. The volatility has stabilized but not before the equivalent of billions in U.S. dollars were lost. Within the
Volatility is an alluring cryptocurrency investment trademark. Higher volatility adds additional crypto criticism to fuel the negative market sentiment. Social media has a powerful impact on Bitcoin’s price swings. Since July 20th, crypto’s market capitalization has increased by more than 100%, rallying from $1.2 trillion to $2.35 trillion on September
The entire cryptocurrency sector took a single-day, double-digit beating – with some individual coins and tokens tumbling more than 20%. The market capitalization fell below $2 trillion, losing more than $410 billion during the past 36 hours. We saw a fast and furious 19% decline in Bitcoin as its price
Read in the Digest Oil Prices Drop, Followed by Crypto Crash Outages Lead to Drop in Coinbase Shares, the SEC Threatens Lawsuit Germany to Introduce Tokenized Mutual Fund Shares El Salvador Highlights Crypto Volatility Once Again Oil Prices Drop, Followed by Crypto Crash Once again, the spotlight was on the
Mexican and Central American organized crime has discovered in the use of cryptocurrencies a way to evade the law. Intelligence and migration agencies are actively working to prevent digital money from being used in criminal activities. Ransoms of kidnapped people, organ trafficking and migrants are being paid for in crypto.
The controversial measure has caused a stir at the national and international level. Various sectors of the Central American country have expressed their discontent in the streets, in the media, and on social networks with the implementation of the Bitcoin Law. The government of Nayib Bukele remains firm and points
Read in the Digest BTC + ETH Weekend Moves, BTC Dominance Drops SEC Seeks Crypto Community Collaboration Binance Changes Offering in Singapore South Korea Telcos to Use Blockchain for Environmental Protection Zilliqa to Launch NFT Marketplace BTC + ETH Weekend Moves, BTC Dominance Drops Cryptocurrencies made a spectacular entrance into
Solana’s rally continues: $100 milestone surpassed. ETH-based products increase by 72.8%. Government updates: Dubai, Honduras, China. Binance removes the Norwegian Krone, listing new coins and future contracts. NFT News: CryptoPunks, Mutant Apes, Bored Apes, Stephen Curry, OpenSea, Invisible Rock. Solana’s Rally Continues: $100 Milestone Surpassed Solana (SOL) broke the historic
The shortage of dollars in the Caribbean country, and the desire of the Cuban government to control the cryptocurrency trade are thought to be the main reasons for regularizing its use. After the fall of the Venezuelan economy and the decline of remittances from the U.S., the Cuban crisis deepened.