Bitcoin Dominance Hits 3-Year High Amid Market Turmoil
Bitcoin dominance has hit its current high water mark as crypto markets have been rocked by macroeconomic headwinds.
Bitcoin dominance has hit its current high water mark as crypto markets have been rocked by macroeconomic headwinds.
Crypto exchange Coinbase (COIN) suffered a 19% drop, while Marathon Digital (MARA) and Riot Platforms (RIOT) saw 18% and 13.5% drops, respectively.
The hemorrhaging appears linked to the same global economic factors that sent Asian stock markets plummeting on Monday.
“We don’t see any incremental negatives for crypto here,” the analysts wrote.
High U.S. unemployment spiked global recession fears. Now “the Federal Reserve may be slow to respond with interest rate cuts,” an analyst said.
Most tokens in the DeFi category have fallen between 18% and 23%, marking their worst single-day performance since April.
Sunday’s drop, the single-largest daily decline since April 13, comes as the broader market and Japan face an equity rout.
Headwinds, including the U.S. election, interest rate fluctuations, and tensions in the Middle East, are spooking markets, Decrypt was told.
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It’s bloodshed across the crypto market again, with Bitcoin and Ethereum losses helping to drive more than $350 million in liquidations.
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Crypto tweeters debated Trump’s sincerity after Bitcoin 2024 as the U.S. and Russia made crypto moves—and prices plunged.
With meme coins on Solana exploding, the Ethereum rival has become “the blockchain of fun and for the people,” one expert says.
Bitcoin rollups will require millions of dollars per year just to keep their heads above water thanks to transaction fees, per an analysis.
Amid signs that the U.S. economy is weaker than expected, Bitcoin could face an even larger selloff ahead. Here’s why, according to 10x Research.
While the Federal Reserve has no plans to issue a CBDC or digital dollar, the possibility of one has persisted as a conservative talking point.
Most cryptocurrencies are down over the past seven days, with BTC dipping below $61,000 on Friday.
Two videos show a triangular object in the skies over the city of Curitiba, a hot spot for UFO sightings.
Bitcoin fell sharply below $62,000 and Ethereum dipped under $3,000 as the impact of a poor U.S. jobs report continues to reverberate.
GameStop’s long-running Game Informer magazine was axed Friday as GME shares continued their recent decline.
With job numbers looking bleak, analysts now expect the Fed to start cutting interest rates fast—which is good for Bitcoin’s price.
Trump says the federal government could “hand ‘em a little Bitcoin” and wipe out its $35 trillion in debt.
Bitcoin miners are feeling increasing pressure to either diversify or “double down” on BTC.
Other Wall Street investment firms are likely to follow Morgan Stanley’s lead, experts tell Decrypt.
The agency’s decision to put a pin in its arguments about Solana’s security status has some legal experts optimistic—and others skeptical.
The price of Bitcoin and other cryptocurrencies wavered Friday after a U.S. jobs report coaxed fears of an imminent recession on Wall Street.
“While gold’s rally might not directly drive Bitcoin prices, it could create an environment more conducive to [crypto] investment,” an analyst said.
Grayscale played a pivotal role in the approval of spot Bitcoin ETFs, but has seen its fund bleed assets as Wall Street titans push ahead.