Tag: Crypto Market

Jon Cunliffe, Deputy Governor of the Bank of England, recently argued why he thinks cryptocurrencies could cause a financial crisis. He compares it to the dot-com bubble and especially to the 2008 market collapse. Crypto Weaves Itself into Financial Markets As reported by Bloomberg, Cunliffe's primary concern is that cryptocurrency has been interwoven into the financial system. As he points out, central banks are now offering crypto custody services to their clients. Furthermore, hundreds of specialist crypto hedge funds are…

A rise in demand for digital coins in India might help the crypto landscape flourish in the region. For instance, the nation is currently leading the expansion of cryptocurrency markets. Also, a report from Chainalysis showed that India's market grew by 641% over the past year. Fastest-Growing Crypto Region Chainalysis’ records show that Institutional investors are driving India's cryptocurrency market expansion. Additionally, increasing decentralized finance activity has been one of its few catalysts. According to Quantstamp's Sriram, DeFi activity continues…

According to recent reports, Europe has become the world's largest crypto market for DeFi adoption driving investments. European countries received over $1T worth of cryptocurrency over the last year. This figure represents about 25% of global cryptocurrency activity. Chainalysis released this report on Tuesday, as UK and Germany termed as the countries leading the adoption. According to the report, the CNWE region accounts for almost 30% of the global crypto movement between July 2020 and June 2021. The region saw a significant uptrend in…

The crypto world's decade-long existence has not been flawless. Like in any other market, there is always a bear trend that leads to massive losses. The 2008 market crash is one of the biggest bear markets in the financial world. Also, others occurred in the following years.  Crypto has seen cases of long market crashes as well, some lasting over a year. This guide will be looking into 5 of the must-know crypto market crashes. Furthermore, it will highlight the…

Coinmarketcal supplies valuable information about crypto-related events to the market. The network was born out of a desire to provide an organized location. There, investors could find vital data about the ever-expanding crypto market. Today, the platform offers an extensive suite of features. These services enable investors to monitor for potential catalysts across the entire industry. History of the Coinmarketcal Coinmarketcal entered the market in 2017 to create one place to find all helpful crypto-related events. At that time, the market was going…

The Soccer Doge Club is a new NFT project that combines cryptocurrencies and soccer. The platform aims to expand NFT use and value by appealing to sports fans. Above all, it proposes a fun and light version of the Dogecoin project.  Its developers plan to capitalize on the Doge meme’s popularity. Also, they believe that the exponential growth potential of the non-fungible token market will help. After all, both sectors have seen considerable growth over the last two years.  How…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market Analysis ends the week at a total market capitalization of $2,088 trillion. Bitcoin is more or less at the same value as last week after a 0.2% drop. Ethereum calls it even after a 0.35% increase over the week. XRP is down by roughly 6% in comparison to last Sunday Solana, Terra, and Cardano end the week with significant value boosts. The DeFi…

Since Satoshi penned his blueprint on bitcoin's whitepaper in 2009, the correlation between stocks and crypto has evolved steadily. The same goes for the relationship between crypto and bonds, commodities, or equities. This weak affiliation to traditional asset classes has made Bitcoin a lucrative asset for investors looking to diversify their portfolios.  However, bitcoin's correlation to stocks has been steadily rising in recent months, as the asset class sees increased adoption. More financial institutions and Wall Street giants embrace bitcoin,…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $2,070 trillion. Bitcoin is up by roughly 5% after another successful weekly run. Ethereum calls it even after a 0.5% increase over the week. XRP is down by 6% in comparison to last Sunday Solana, Polkadot, and Cardano end the week with significant value boosts. The DeFi sector added almost $2.7 billion to the…