Category Archives: crypto market cap

Signs of Slowing China Rattle U.S. Stocks; Cryptos on the Verge of New Lows

U.S. stocks sold off anew Friday after Chinese retail sales data pointed to a severe slowdown in the nation’s consumption-oriented growth, triggering fresh concern over the health of the global economy. Meanwhile, the cryptocurrency market approached $100 billion for the first time since August 2017, a level that would have seemed unfathomable just six months […]

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Bitcoin Price Hits New Yearly Low; Now is Best Time to Buy, Says Weiss Ratings

Bitcoin was back on the defensive Friday, as prices sunk to new yearly lows following a minor consolidation earlier in the week. As Hacked recently reported, the bears are making a run at the psychologically significant $3,000 support and are likely to test that level in the near future. BTC/USD Update The bitcoin price is […]

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U.S. Stocks Rise on China’s Evolving Industrial Blueprint; Cryptos See Modest Progress following Heavy Selling

U.S. stocks rebounded sharply on Wednesday as investors shifted from apprehension to optimism on China trade negotiations. Cryptocurrencies stemmed early-week volatility but failed to muster much of a rally as trade volumes dropped. Relief Rally Wall Street’s major indexes recovered sharply midweek, shifting the balance back in favor of the bulls for the time being. […]

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U.S. Stocks Struggle for Direction as China Lowers Auto Tariffs; Cryptos Teeter on New Yearly Lows

U.S. stocks struggled for direction on Tuesday, as markets digested the latest round of trade talks between the United States and China. Cryptocurrencies were back on the defensive and dangerously close to setting new lows for the year. Stocks Sputter After swinging between gains and losses for much of the day, the S&P 500 Index […]

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Bitcoin Life Expectancy: Lindy Effect Suggests BTC Is More Difficult to Kill Than Ever Before

The crypto bear market is showing little signs of letting up. On Tuesday, a fresh wave of selling engulfed bitcoin and altcoins, dragging the market toward fresh yearly lows and thrusting Tether (USDT) in to the top-five by market cap. Against this backdrop, it’s easy to forget that cryptocurrencies like bitcoin have become so resilient […]

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Cryptocurrency Market Comes Within $4 Billion of New Yearly Low

Cryptocurrency prices extended their slide on Thursday, as the total market cap came within striking distance of new yearly lows, signaling the continuation of the bottoming process. Market Update The total value of cryptocurrencies reached a low of $119.2 billion on Thursday, falling within a comparable range of last month’s swing low. The crypto market […]

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Wall Street’s Misery Spreads to Global Stocks; U.S. Futures Recover Slightly in National Day of Mourning

A dramatic selloff of U.S. stocks on Tuesday has quickly spread to Asian and European markets, with global benchmarks reporting steep selloffs amid a self-imposed deadline by the United States and China to resolve their bitter trade dispute. The Nasdaq and New York Stock Exchange were closed on Wednesday as the nation mourned the death […]

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U.S. Stocks Bounce Back on Trade Optimism; Crypto Meltdown Resumes

Stocks rose sharply on Monday, buoyed by optimism that the U.S. and China were making progress toward a new free trade agreement. Cryptocurrencies headed in the opposite direction, undoing much of last week’s rally as bitcoin fell below $3,900 once again. Benchmarks Rise All of Wall Street’s major indexes opened firmly higher, with the Dow […]

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Bitcoin Price Slips Below $4,000 in Market-Wide Slump

Bitcoin’s price fell below $4,000 briefly on Monday, extending a 24-hour slump that has shaved more than $8 billion off the total cryptocurrency market cap. BTC/USD Update Bitcoin reached a low of $3,980 on Bitfinex, as bearish momentum continued to mount following a late-weekend reversal. At the time of writing, BTC/USD was down 2.8% at […]

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Bitcoin Begins December on Firm Footing Following Worst Monthly Performance Since 2011

Bitcoin’s price rebounded on Saturday, as the bulls looked set to reassert themselves following a rocky end to November. The leading digital currency fell by a whopping 37% last month, marking its worst 30-day performance since 2011. BTC/USD Update The bitcoin price reached a high of $4,335 on Bitfinex, having gained more than 7% during […]

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Dow Surges 600 Points on Fed Speak; Cryptocurrency Market Recovers $27 Billion

U.S. stocks surged on Wednesday, with the Dow adding more than 600 points after Federal Reserve Chairman Jerome Powell hinted at more gradual adjustments to monetary policy in the future. Cryptocurrency prices notched big gains, signaling to investors that the worst of the price collapse had ended. Stocks Make a Comeback All of Wall Street’s […]

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U.S. Stocks Rebound as Microsoft Briefly Surpasses Apple in Value; Bitcoin SV Cracks Top-Ten Market Cap

U.S. stocks rose on Monday, setting the stage for a large relief rally following last week’s brutal declines as shares of discretionary and technology companies outperformed the market. Meanwhile, cryptocurrencies came off their weekend lows as bitcoin SV cracked the top-ten market cap rankings. Stocks Recover Sharply The large-cap S&P 500 Index rose 1.6% to […]

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Coins See Green: Cryptocurrency Market Cap Recovers $15 Billion as Bitcoin Cash, XRP Lead

The cryptocurrency market’s long road to recovery took a positive step forward on Monday, as coin values rebounded sharply from weekend lows with bitcoin cash, XRP and Litecoin leading the way higher. Market Update The combined value of all coins in circulation reached a high of $132 billion on Monday, according to CoinMarketCap. The total […]

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U.S. Stocks Fall as Oil Posts Worst Drop in Over Three Years

U.S. stocks traded lower on Friday, dragged down by slumping energy shares as oil prices posted their biggest single-day drop in over three years. Cryptocurrencies notched fresh 14-month lows as the search for an elusive bottom continued. Stocks Extend Losses All of Wall Street’s major indexes finished in negative territory, with the Dow and S&P […]

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Tech Rollover Sinks U.S. Stocks; Bitcoin Falls Below $5,000 as Collapse Continues

U.S. stocks booked huge losses on Monday, as plunging tech shares and wavering risk sentiment dragged the major indexes lower. The crypto bloodbath reached epic proportions Monday, as bitcoin slid below $5,000 for the first time since October 2017. Stocks Lurch Lower All of Wall Street’s major indexes headed for sharp losses, with the S&P […]

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Market Update: U.S. Stocks Snap Five-Day Skid; Bitcoin Cash Splits Following Contentious Hard Fork

U.S. stocks wrestled their way back into positive territory on Thursday, as solid consumer spending data outshined a mixed earnings report from Walmart. Cryptocurrency prices remained under pressure as bitcoin cash split into two competing chains following a highly anticipated hard fork event. Stocks Snap Five-Day Skid All of Wall Street’s major indexes posted gains, […]

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Crypto Markets on Edge as Bitcoin Cash Hard Fork Underway

The cryptocurrency market appears to have stabilized following a fresh run-in with yearly lows, as investors turned their attention to a highly contentious hard fork involving bitcoin cash. Based on latest available information, the hard fork began at roughly 16:40 UTC, with the dominant chain yet to emerge. Market Update Cryptocurrencies saw their collective market […]

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