Decline

Cryptocurrency Market Volatility: Bitcoin and Ethereum Lead the Decline – Analysis and Implications

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Cryptocurrency Market Volatility: Bitcoin and Ethereum Lead the Decline – Analysis and Implications

Cryptocurrency Market Volatility Rises as U.S. Stocks Turn Lower The cryptocurrency market experienced a sharp downturn due to U.S. stock market volatility. Bitcoin and Ethereum saw significant declines, with Bitcoin dropping 4% in 24 hours, and Ethereum falling by 7.1%. Factors driving the volatility included skepticism about the Federal Reserve’s ability to manage inflation and … Read more

2023 Crypto Market Sees Decline in Illicit Activity and Scamming – Chainalysis Report

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2023 Crypto Market Sees Decline in Illicit Activity and Scamming – Chainalysis Report

Down Big: Crypto Scamming Numbers Reduced In 2023 In 2023, the crypto market faced challenges at the beginning of the year but saw a recovery with increased bullish sentiment. There was a decrease in crypto scamming and illicit activity, with a significant drop in value received in cryptocurrency addresses used for illicit activities. The report … Read more

Bitcoin Could Decline Further Before A Rebound, Here’s Why

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Bitcoin Could Decline Further Before A Rebound, Here’s Why

Bitcoin’s on-chain metric, the Spent Output Profit Ratio (SOPR), suggests that there may be more downside for the cryptocurrency before a rebound occurs. Currently, short-term holders (STH) are selling their coins at a loss, indicating that loss-taking is dominant in the market. The 30-day moving average (MA) Bitcoin SOPR has recently dipped below the support … Read more