Spot Bitcoin ETF trading volume skyrockets to $111B in March, reflecting crypto market fervor March witnessed a significant increase in the trading volume of Bitcoin spot ETF, indicating a watershed moment in cryptocurrency investing. This increase not only broke records, but also signalled a significant shift in market dynamics. The launch of these ETFs marks a significant step toward greater adoption and inclusion of digital assets into traditional investing portfolios. As more investors embrace these creative financial products, the cryptocurrency market evolves, ushering in a new age of diverse and accessible investment options in the digital asset field. Record-Breaking Performance:…

Crypto Market Volatility Surges as Pre-Halving Sell-Off Shakes Investors Cryptocurrency market has been on a rollercoaster ride, leaving investors both excited and concerned. The recent drop in prices has sent shockwaves through the crypto world, with many questioning if this is the start of a protracted bear market. In this post, we’ll look at the causes behind the panic, the impact on Indian investors, and the larger ramifications for the global cryptocurrency market. The Perfect Storm A number of key causes contributed to the recent big crypto sell-off. First, the US Federal Reserve’s statement of a probable interest rate rise…

The Internet Computer (ICP) token has been on a remarkable upward trajectory, surging an impressive 40% over the past month and soaring 10.06% in just the last 24 hours. According to the latest market data, ICP’s market capitalization currently stands at over $8.5 billion ranking it as the 18th largest cryptocurrency by market cap. ICP Data Chart (CoinMarketCap) The trading volumes for ICP have also seen a significant boost, with a 33.10% increase in the 24-hour trading volume, which now stands at over $323 million. Also, the volume-to-market cap ratio for ICP over the past 24 hours is a…

Coinbase projects a positive outlook for Q2, forecasts upward trends in institutional adoption As the cryptocurrency market continues to evolve and mature, investors are eagerly anticipating the outlook for the second quarter of 2024. With significant volatility and regulatory developments shaping the landscape, industry leaders like Coinbase are providing insights into the potential trends that may unfold in the coming months. Coinbase, one of the world’s largest cryptocurrency exchanges, recently released its forecast for Q2, highlighting several key factors that could drive market sentiment and investment activity. Let’s explore some of these insights and what they mean for investors. Continued…

Crypto market shock: Ethereum price drops to US$3,300, declining by 7% In a recent development that has reverberated through the cryptocurrency market, Ethereum, a prominent cryptocurrency, has encountered a notable decline in its price. Dropping to US$3,300, signifies a 7% decrease, highlighting the erratic and volatile characteristics of the crypto market. This occurrence has prompted extensive deliberation and scrutiny among investors and market observers alike. Latest News: Following the loss and subsequent recovery of approximately US$63 million to an unauthorized developer, the Ethereum-based NFT game Munchables is instituting enhanced security measures. The developer, responsible for absconding with over 17,400 Ether,…

Navigating crypto market’s response to Federal Reserve rate cut predictions Crypto News: The recent tumultuous ride in the cryptocurrency markets, particularly Bitcoin, reflects a confluence of factors ranging from shifting perceptions about the Federal Reserve’s monetary policy to broader economic concerns and even specific market dynamics within the crypto ecosystem. At the heart of the recent decline in Bitcoin’s value lies a combination of factors, one being the dwindling interest in dedicated US exchange-traded funds (ETFs) and the waning expectations of looser monetary policy from the Federal Reserve. The cryptocurrency saw a notable drop before experiencing a modest recovery. This…

Exploring the post-all-time-high landscape of Fetch.ai (FET) and the crypto market’s next moves. Fetch.ai (FET) has recently garnered significant attention in the cryptocurrency market, achieving an all-time high. This surge has prompted investors and enthusiasts to closely scrutinize its trajectory and speculate on its future course. The Meteoric Rise Over the weekend, Fetch.ai’s price skyrocketed to unprecedented levels, setting a new all-time high. Despite other cryptocurrencies cooling down from the February and March rallies, FET continues to exhibit a bullish trend. The key question now is whether this momentum can be sustained, or if corrections are imminent. Market Top and…

Polygon (MATIC) is confronting a turbulent market, with its price currently sitting at $0.9045, reflecting a broad correction across the cryptocurrency landscape. This downturn mirrors a significant shift, with a 6% decrease in overall market cap within the last day and leading cryptocurrencies BTC and ETH experiencing over 5.5% corrections in their values. Cryptocurrencies price heatmap: Coin360 Despite the recent Napoli hard fork aimed at enhancing Polygon’s scalability and reducing fees, MATIC’s momentum has been dampened due to a network outage and a decline in active addresses. These technical obstacles coincide with the token’s decrease by 6.34% on the…

In a sweeping downturn affecting the entire crypto space, Internet Computer’s (ICP) price has not been spared, retracting to $16.84 after an impressive rally. This pullback represents a broader correction as the market capitalization dipped by 6% in the past day, following a period where leading cryptos like BTC and ETH saw over 5.5% declines. Despite the market’s recent overbought signals, ICP showcased a staggering week of trading, skyrocketing 90.82% from $10.79 to a high of $20.59. The ensuing sell-off comes as the crypto community’s initial bullish trend begins to wane. The Relative Strength Index (RSI) for ICP, once soaring…

Chainlink (LINK), the decentralized oracle network’s native cryptocurrency, has been capturing traders’ attention with its recent price movements. According to the latest statistics, LINK is currently trading at $18.22, down 14.32% over the past month, 8.52% in the last seven days, and 1.84% in the last 24 hours. LINK Data Chart (CoinMarketCap) With a market capitalization of $10.9 billion, LINK ranks as the 15th largest cryptocurrency by market cap. Its 24-hour trading volume stands at over $535 million and the volume-to-market-cap ratio for LINK over the past 24 hours is 4.79%. The circulating supply of LINK is 587,099,970, representing 58.71%…