The bulls are trying to stabilize Bitcoin price and if they succeed, VET, SOL, EOS and FTT could quickly bounce back to their local highs.
Crypto markets provide a bird’s-eye view of a burgeoning crypto economy including Bitcoin (BTC) and a host of other crypto networks. The cryptocurrency market is radically different from the traditional global financial and commodities markets. Not only is the structure of these underlying assets fundamentally different, as they are natively digital and noncustodial in many cases, but the market participants are different as well.
Cryptocurrency networks such as Bitcoin feature a unique composition of stakeholders. There are the miners, which provide security and uptime to the network while earning cryptocurrency for their efforts; traders and investors navigating the ebbs and flows of the market for maximum profits; developers, who are the open-source builders working toward scaling and improving these protocols; and individual users, who may speculate or use their crypto to some productive capacity.
The dynamics among these stakeholders in these decentralized, open, permissionless systems are in striking contrast to traditional finance and are main topics of discourse in the space.
Stay tuned to news, analysis and in-depth coverage of crypto markets with Cointelegraph.
The funding rate of Bitcoin dropped to a level unseen since September 2020, signaling fear in the market.12402
Fears of regulatory moves come as a brief hash rate crash from a Chinese power blackout already begins to rebound.72440
The total value locked in Venus soared to a record $11.1 billion as DeFi users flock to the platform in search of attractive yields.92727
The price of Bitcoin suddenly dropped below $60,000 days after the Coinbase public listing.95667
Bitcoin is nearing the market capitalization of Google, but why is this an important trend to observe?24716
The Bitcoin cycle top would likely come in at price levels above $166,000 per coin if history repeats.38782
EOS price hit its highest level since 2018 after protocol upgrades and big-name collaborations attract institutional investors.45067
Bitcoin’s weakness and Dogecoin’s epic pump are signals that the market could be overheating and in need of a short-term correction.63685
Following Dogecoin’s lead, Ethereum Classic rallied to a new all-time high and Bitcoin Cash doubled as altcoin forks have started to gain traction.48308
$250 million in Ether options are set to expire on April 23, and derivatives data shows bulls still have a slight advantage.48424
Enso raises $5 million from top funds and YFI's price hits a new record high as the demand for DeFi yield rises.13453
The old adage “price follows hash rate” may be about to see one of its biggest tests in the past 12 years.10284
Three exchange-traded funds offered by Cathie Wood’s Ark Invest added a total of 341,186 shares in Coinbase, worth a combined $110 million, on Thursday.12853
A platform that enables gamers to mine cryptocurrencies using their PCs is expanding into South Korea and is adding new features for its hundreds of thousands of users.19375