Crypto
2024 - 12 - 20Crypto Crash: From Bitcoin Bull to Financial Fumble, What’s Happening?
Bitcoin - Crypto market crash - Crypto regulations - Cryptocurrency - Ethereum - Federal Reserve - Hedge funds - SolanaIs your crypto portfolio feeling queasy? It’s not just you! Bitcoin and pals took a sharp dive recently, and we’ve got the scoop!
The cryptocurrency market is experiencing a seismic shift this week, as major players like Bitcoin, Ethereum, and Solana see their values tumble in the wake of hawkish signals from the Federal Reserve. Bitcoin, once dancing high above $100,000, has now shed over 7% in just 24 hours, hitting around $94,662. This isn’t just a bad hair day for crypto; it’s a full-on crypto crisis! Ethereum and Dogecoin joined the sinking ship, with declines touching nearly 25% for some enthusiastic altcoins in the pinch. What’s going on? Let’s dive deeper into this digital disaster!
This crypto carnage didn’t just happen in a vacuum. Following a pullback in the stock market—which has traders on edge—the entire digital currency realm has been swept into a wave of red. Over the span of a week, the market has collectively lost around $600 billion! Traders have watched in horror as liquidations soared, with $1.2 billion wiped out in one fell swoop. The effects are felt not just in the wallet but in the broader crypto community as hedge funds report struggles in securing banking services and navigating this market mayhem.
Coinciding with these market dips, Bitcoin mining companies are making eye-catching moves that made headlines despite the blues. Marathon Patent Group (MARA) flexed its financial muscles by acquiring a whopping 15,574 BTC for $1.53 billion! Hut 8 also made headlines by adding to its holdings. It’s like a game of musical chairs, except half the chairs have already fallen over! What does this mean for the future of these giants amidst a bearish backdrop?
Lastly, for crypto enthusiasts, the storm clouds above the digital market may create opportunities. Just as crypto takes a nose dive, innovative platforms like Paytora are launching solutions for instant conversions, promising ease and zero fees to users. And let’s not forget Germany’s recent legislation paving the way for comprehensive crypto regulations within the EU. These developments could herald a new era for crypto - the kind that may offer legitimacy in the eyes of traditional finance!
XRP, Ethereum, and Solana are slumping as hawkish Fed haunts ... (DL News)
This week's slump in the crypto market hasn't abated. Over the past 24 hours, the price of Bitcoin has dropped 7.3% to now $94,662. And Ether has plummeted ...
Stark Fed 'Wake-Up Call' Triggers $500 Billion Bitcoin And Crypto ... (Forbes)
Bitcoin's drop of around 10% in the last 24 hours was dwarfed by ethereum and smaller, top ten cryptocurrencies that crashed back by between 15% and 25%...
Bitcoin Price Plummets. Why the Crypto Is Having a Tough Week. (Barron's)
Bitcoin's price falls again as the entire crypto sector has come under pressure in the wake of the stock market pullback following the last Fed decision ...
What Happened in Crypto Today: How Bad Is this Bloodbath Going ... (Yahoo Finance)
Bitcoin mining giants MARA and Hut 8 just made power moves that got everyone's attention. MARA dropped $1.53 billion to grab 15,574 BTC, while Hut 8 scooped up ...
Rspack npm Packages Compromised with Crypto Mining Malware ... (Internet)
"They were released by an attacker who gained unauthorized npm publishing access, and contain malicious scripts," software supply chain security firm Socket ...
BTC, DOGE, XRP News: Dogecoin Plunges 27%, XRP and Bitcoin ... (Coindesk)
A broad crypto market slide worsened at the start of U.S. trading hours as bitcoin (BTC) neared the $93,000 level. Ether, Solana's SOL, Cardano's ADA, ...
Bitcoin and Ethereum take a hit as $1.2 billion in crypto liquidated (CryptoSlate)
Traders across the market saw significant losses in the wake of Fed's latest monetary policy update. ... Cover art/illustration via CryptoSlate. Image includes ...
Why is Crypto Down Today? (CryptoGlobe)
The cryptocurrency market is down by over $200 billion in the last 24-hour period and by around $600 billion in the past week amid a significant downtrend ...
What's Behind the Pre-Christmas Crypto Crash? Jamie Coutts ... (CryptoGlobe)
Crypto markets are in free fall after the Dec. 18 FOMC meeting. Jamie Coutts links the crash to tightening liquidity and macroeconomic pressures.
How Deep Will Crypto Dive? (FX Empire)
Bitcoin Falls Below $100K, But Uptrend Remains Intact for Now ... The crypto market continues to retreat, having lost 4.4% to $3.36 trillion in the last 24 hours ...
Majority of Crypto Hedge Funds Report Facing Banking Issues in ... (The Wall Street Journal)
Cryptocurrency hedge funds have run into widespread banking problems in recent years, according to a new survey. Out of 160 crypto hedge funds, ...
Is MicroStrategy Incorporated (MSTR) the Crypto Stock with the ... (Yahoo News)
We recently published a list of 12 Crypto Stocks with the Biggest Upside Potential. In this article, we are going to take a look at where MicroStrategy ...
Germany finally passes legislation needed for full crypto MiCAR ... (Ledger Insights)
Germany's parliament finally passed legislation needed to implement the EU's MiCAR crypto regulations which come into force on December 30.
Paytora Launches All-in-One Platform for Instant Crypto Conversion ... (GlobeNewswire)
The Paytora app supports fast and easy international transfers with zero fees and real-time rates for any currency. Users can choose to link bank accounts,.
Crypto Stocks Crash as Bitcoin Sinks Below $93K Amid Fed Signals (Yahoo Movies)
Shares of cryptocurrency-related companies plunged sharply Thursday, mirroring volatility in the digital asset market and a pair of moderately bullish Fed ...
How a Journalist Went From Exposing Mexican Cartels to Losing ... (Coindesk)
Olivier Acuña had to keep his wits about him to survive as a reporter. Then he worked in crypto and got scammed out of $400000.
Crypto has a chance to join polite society — if it can get out of its ... (CNNMoney)
Bitcoin has been enjoying a new perch above the $100,000 level. Marco Bello/Reuters/File. A version of this story appeared in CNN Business' ...
Bitcoin falls to $96000 as volatility hits crypto assets: CNBC Crypto ... (CNBC)
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with ...
Why Crypto's Altcoins Plunged This Week (Motley Fool)
Long-term rates drive the valuation of growth stocks and speculative assets like cryptocurrencies and that's why values dropped this week. Ironically, crypto ...
Trump inauguration draws big crypto donations (Fox Business)
Coinbase, Kraken, Ripple and MoonPay are donating to the Trump-Vance inaugural committee.
Crypto markets crash after epic rally, sending Bitcoin back below ... (Fortune)
A cartoon image of Donald Trump holding a Bitcoin token to mark Bitcoin reaching over $100,000. Bitcoin hit $100,000 for the first time on Dec. 5. Paul Yeung/ ...
Haliey Welch releases first statement after going MIA following ... (Yahoo! Voices)
'Hawk Tuah' girl Haliey Welch has released her first statement on the failed $HAWK crypto after Mashable's report on her going MIA.
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