Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$105,560.00
0.20%$2,539.11
-0.43%$2.15
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0.00%$0.177416
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1.77%$19.11
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1.21%$100,255.00
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0.49%$15.27
0.25%Reading
The cryptocrypto market has exhibited small signs of positive change since the early afternoon. While more than $20 billion in total market cap was shed since Saturday, the market has recovered $4 billion since this morning.
Total market capitalization for the entire crypto market now stands at $224 billion. The price of Bitcoin, which fell to as low as $7,700 per coin today, is now hovering around $7,900.
Ripple and Ethereum, meanwhile, are still trading at around their daily lows. XRP is currently priced at $0.205, while ETH is trading for $198.
In the stock market, the Dow Jones Industrial Average suffered a 2,000 point loss, resulting in the worst trading day the US has seen in roughly 12 years. The S&P is sinking alongside it, closing today down 7 percent.
Developing stories: March 12 A sudden market shock: The price of Bitcoin crashed by $1,000 in under an hour. All coins—barring stablecoins—are in the red, with many seeing losses between 20-30%. March 11 UK announces £30 billion coronavirus package: Chancellor Rishi Sunak unveiled a £30 billion package to help the economy through the coronavirus outbreak. Altcoins showing signs of life: Though roiled by the market crash, everyone’s favorite altcoins seemed to come back a bit today. Here’s a l...
The price of oil is likewise down, and falling further: one barrel is now priced at $30.
“Crude oil has no limit down and did end up gaping down 27 percent,” explained market analyst Mati Greenspan in his latest Quantum Economics newsletter. “Everything that has to do with oil and energy is crashing today.”
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
The top meme coin by market cap, Dogecoin, is diving lower amid a broader market sell-off, dropping nearly 6% in the last 24 hours as tensions between Israel and Iran flare following Israel’s airstrikes late Thursday. The dog-themed meme coin leader is now trading below $0.178, down 23% over the last month and more than 75% from its all-time high of $0.73 in 2021. The meme category as a whole is underperforming major assets, dropping 9.5% in the last 24 hours compared to 2.6% and 8% for Bitcoin...
The Middle East is again at war, with rising tensions between Israel and Iran spooking markets and sending prices for both traditional and crypto assets, such as Bitcoin and Ethereum, tumbling to weekly lows. Is it time to panic for Bitcoin investors? The data currently doesn’t support that view. Bitcoin dropped 4.5% in the past 24 hours to trade at $104,343, while Ethereum crashed 8.2% to $2,552 as escalating Middle East tensions sparked a massive risk-off move across cryptocurrency markets. Th...
Crypto prices have plunged in the wake of Israel's airstrikes on Iran, with major altcoins taking significant hits and liquidations passing $1 billion, as markets braced themselves for Iran's response. Ethereum has tanked 7.8% over the past 24 hours to $2,533, according to CoinGecko, while XRP dropped 3.9% to $2.13 and Solana 8.4% to $145. The best-performing assets in the top 15 cryptocurrencies by market capitalization are both stablecoins holding their peg to the U.S. dollar—never a good sign...