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Faced With The Scourge Of Hacks, NFT Trading Volume Slump To 12-Month Lows

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There was a huge surge in interest in NFTs throughout the summer of 2021. After a year, the NFT market’s trading volume has plummeted.

Due to the lowest trading volumes in a year and the growing epidemic of NFT hacks, interest in NFTs has decreased along with the overall cryptocurrency market.

NFT Suffers Setback

The non-fungible token market is finding it difficult to sustain the exponential growth it saw during the 2021 bull market. Trading volumes have dropped precipitously recently and are already at their lowest levels since July 2021, according to data from prominent NFT trading sites like OpenSea.  Read more...

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Dow Uber-Bulls Fantasize About 28,000 – Here’s Why Bears Fear a Slump

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The Dow Jones Industrial Average and the broader US stock market are having the time of their lives even as the US-China trade war keeps raging on and key economic indicators move in the wrong direction. The Dow now sits comfortably above the 27,000 point mark, having gained over 10% since the beginning of June. […]

The post Dow Uber-Bulls Fantasize About 28,000 – Here’s Why Bears Fear a Slump appeared first on CCN Markets

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Bitcoin Price Recovery Banishes Slump as Momentum Tests $12,000

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On strictly regulated crypto exchanges such as Coinbase, the bitcoin price fell to $ 9,700 on July 2, recording a 30 percent drop from its yearly peak at $ 13,868 achieved in late June. In the past two days, within a 48-hour span, the bitcoin price has shown rapid recovery from $ 9,700 to $ 11,800, demonstrating a four […]

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Trump Slump? Government Shutdown & Trade War Leave Markets on Edge

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The federal government shutdown showdown of 2019 between Capitol Hill Democrats and President Donald Trump keeps setting records as it enters into its 26th day. The previous longest federal shutdown in U.S. history was the 1995-’96 face-off between Speaker Newt Gingrich (leading the first Republican House Majority in 40 years) and President Bill Clinton. That

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Bitcoin Cash Price Sees Saturday Slump after 150% Weekly Rally

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For a cryptocurrency which has dropped 98 percent from its all-time high already, bitcoin cash — for now — is looking brave in the face of a powerful bearish sentiment. The cryptocurrency’s ABC version this week surged close to 150 percent against the US dollar, from about $ 71 to $ 182 on a 7-day timeframe. The … Continued

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Despite Slump in Crypto Prices, Bitcoin ATMs More Than Doubled in 2018

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bitcoin atm 2018

Despite the market downturn in digital asset values, cryptocurrency automated teller machines (ATMs) are still in vogue. According to a tweet from cryptocurrency analytics firm DataLight, the number of crypto ATMs doubled in 2018 from 2,025 ATMs in 2017 to 4,051 ATMs, signaling an increase in the adoption of cryptocurrencies in general, despite the slump in price.

November will go down as a month investors won’t forget in a hurry, as bitcoin, along with the rest of the cryptocurrency market, experienced a massive slump in prices. Bitcoin, the dominant cryptocurrency, fell to $ 3,750 in November, as the market witnessed massive selloffs that would have bitcoin touch nearly $ 3,000 in December.  Read more...

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Bitcoin Price Analysis: Bulls Defend Yearly Support Amidst Wall Street Slump

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Bitcoin price

As Bitcoin price moves towards the second weekly close of October, we recap what happened during the week and look at the bullish versus bearish case for the number one cryptocurrency.

1 Day chart  

Bitcoin price 00 has spent most of October in a tight range oscillating between lows of $ 6400 and highs of $ 6,650 as it continued a slow grind towards the horizontal resistance, which has capped the cryptocurrency’s price since January 2018.

Price action continued to respect this range until Wednesday the 10th where Bitcoin began a sharp decline of around 8% from $ 6,600 which lasted two days, testing yearly support at lows of $ 6,051.  Read more...

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Could XRP’s Recent Slump Be Due To Manipulation?

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Could XRP’s Recent Slump Be Due To Manipulation?

Under a day ago, it was reported by Ethereum World News that XRP HODLers were getting annoyed over the recent slump XRP has had in the markets. The popular cryptocurrency has recently seen a drop of over 90% since its all time high value of over $ 3.80 in the first month of 2018. This drop has made XRP fans wonder if they have made the right decision by investing in the coin.

What happened?

Continue reading Could XRP’s Recent Slump Be Due To Manipulation? at Crypto Daily™.

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Buy The Dip? Ethereum Sees Gains After 2 Week Slump

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Buy The Dip? Ethereum Sees Gains After 2 Week Slump

Nervous cryptocurrency investors watched Ethereum (CRYPTO: ETH) hit a 13-month low of $ 167 on Wednesday as part of a two-week slump that affected the whole market. ETH short-selling on exchanges such as Bitfinex reached all-time highs this week. But most digital coins saw the welcome color of green — which means price gains — in early trading Thursday morning.

As of press time, ETH bounced back to $ 190 (nearly 7% gain, per CoinMarkteCap) suggesting that investors around the world bought the dip given the cheap 13-month-low price.

Continue reading Buy The Dip? Ethereum Sees Gains After 2 Week Slump at Crypto Daily™.  Read more...

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Despite Slump, ICOs ‘Hodling’ $720M Worth Of Ethereum

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Despite Slump, ICOs ‘Hodling’ $ 720M Worth Of Ethereum

Have initial coin offerings (ICOs) cashed out their Ethereum tokens (CRYPTO: ETH) in order to realize gains from last December and avoid this year’s bear market? You might think so but guess again. A lot of ICOs still have plenty of Ethereum on their balance sheets, according to research by crypto newsletter Diar.

At current price of $ 192, Ethereum has lost 86% of its value from its $ 1,400 peak in January. That’s a pretty steep decline.

Continue reading Despite Slump, ICOs ‘Hodling’ $ 720M Worth Of Ethereum at Crypto Daily™.

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Ethereum Co-Founder Joseph Lubin: Crypto Market Slump Won’t Curtail Growth

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Ethereum co-founder Joseph Lubin said that he does not see the recent slump in cryptocurrency prices as a constraint to growth in the market. In a recent interview with Bloomberg, Lubin said the collapse in prices is not a new development as it has always been present in the “blockchain ecosystem since 2009 when Bitcoin

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Bitcoin Dominance Hits 2018 High Despite Price Slump

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Bitcoin dominance

While Bitcoin (BTC) marks yet another day trading in the red, the world’s leading currency is widening its lead in the market cap race, whose total share is now above 50 percent, the biggest since December 2017.

Price Down; Market Share Up

 It’s safe to say that Bitcoin 00 has seen far better days than the last week. Throughout the period, the cryptocurrency lost near 20 percent of its value.

At the time of writing this, however, Bitcoin dominance – or its share market cap percentage in the cryptocurrency market is now above 50 percent – the highest since mid-December 2017.  Read more...

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Stellar Price Rises by 4% While Other Markets hit a Slump

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stellar lumens

It seems most cryptocurrencies will remain in the red all day long, but there is some hope at the end of the tunnel as well. If the Stellar price is any indication, we may see some positive momentum in the coming hours and days. More specifically, the Stellar price has risen by 3.89% over the past 24 hours, even though it is the only top cryptocurrency in the green right now.  Read more...

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5 Reasons Why January’s Price Slump is Nothing to Worry About

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With more people entering the crypto markets than ever before, the seeds of fear, uncertainty, and doubt has a greater impact on price volatility. Newbie traders jumping in and out on the whims of social media hype, and then panic selling, causes what happened over the past couple of days. However, looking at historical crypto charts, this January dip is nothing new.  Read more...

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