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Showing posts with the label market volatility

Sei Skyrockets 81% Despite Volatile Market: Here's Why

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Sei (SEI) is currently the best-performing cryptocurrency among the top 100 projects by market cap in the weekly charts. The asset has rallied 16.8% in the 24-hour charts, 81.5% in the seven-day charts, 49.9% in the 14-day charts, and 38.1% over the previous month. Despite the incredible rally recently, the cryptocurrency is down by 17.1% since June 2024. Source: CoinGecko Why Is Sei Topping The Charts? Source: BitCoinist SEI’s incredible rally comes after the Wyoming Stable Token Commission chose the network as a candidate blockchain for the state’s WYST stablecoin. WYST is the first fiat-backed stablecoin issued by an American state. The move has caused a substantial rise in investor confidence. Stablecoins are in the spotlight in the US cryptocurrency space after the GENIUS Act went past the US Senate. The legislation will now go to the House before being presented to President Trump. SEI’s rally comes amid a larger stablecoin boom. Sei Network has been selected by ...

BTC Just Exploded Past $111K, Here's What's Driving It Now

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BTC past $111K has become reality, and at the time of writing, the cryptocurrency is sitting at $111,251 with a pretty solid 3.9% gain. This Bitcoin price surge comes as the stablecoin bill is advancing through Congress, which is reducing crypto market volatility concerns and those Bitcoin investment risks that previously kept institutional players on the sidelines. Source: CoinGecko Also Read: Uber: JPMorgan Raises Price Forecast for UBER Stock Tracking Bitcoin Price Surge Amid Stablecoin Bill And Market Risks Source: Watcher Guru Stablecoin Bill Drives BTC Past $111K Right Now The Senate just voted to advance the GENIUS Act, which is America’s first stablecoin legislation, and this is creating regulatory clarity that’s really pushing BTC past $111K levels. This Bitcoin price surge reflects reduced crypto market volatility as institutional Bitcoin investment risks are starting to diminish. The crypto industry-backed bill in the Senate is set for debate and could pass as soo...

If you invested $1k in Bitcoin when Trump became president; Here’s your return now

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While President Donald Trump has maintained a pro-cryptocurrency stance, Bitcoin (BTC) buyers at the time of his inauguration are now in the red, despite the asset’s rally during his swearing-in. Notably, on January 20, 2025, at the start of Trump’s second term, BTC traded at the coveted six-figure value of $101,083.  However, as of press time on April 8, Bitcoin has plunged, reflecting broader market volatility partly stemming from trade tariff uncertainty.  The flagship asset has dropped to $79,676, marking a 21% decline since Inauguration Day. BTC YTD price chart. Source: Finbold To put this drop into perspective, if you had invested $1,000 in Bitcoin on January 20, you’d now have approximately $787, a $213 drop in value. Indeed, Bitcoin has failed to make a decisive upward move despite Trump implementing some of his cryptocurrency-friendly policies, such as establishing a strategic Bitcoin reserve.  The investors appe...

Geopolitical Events and Their Impact on Cryptocurrency Market Volatility

Geopolitical Events and Their Impact on Cryptocurrency Market Volatility! The cryptocurrency market is known for its volatility, with prices often swinging dramatically due to various factors, including macroeconomic trends, regulatory changes, and technological advancements. However, one of the most significant influences on crypto price movements comes from geopolitical events. These events, ranging from wars and conflicts to economic sanctions and policy changes, can cause sharp fluctuations in digital asset prices, making it crucial for investors and traders to stay informed. How Geopolitical Events Affect Crypto Markets 1. Economic Sanctions and Financial Restrictions When global powers impose economic sanctions on countries, it limits access to traditional financial systems, prompting affected nations and individuals to turn to decentralized assets like Bitcoin. For example, sanctions on Russia following the Ukraine conflict led to increased crypto adoption as an alternative fin...

BlackRock's Bitcoin Disclaimer Challenges 21 Million Cap—What's Next?

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BlackRock’s Bitcoin disclaimer has caused major debates in the crypto world. People are questioning Bitcoin’s scarcity and its 21 million coin limit. On December 17, 2024, the world’s biggest money manager shared a video. It said something that worried many: “There is no guarantee that Bitcoin’s 21 million supply cap will not be changed.” This news has created market volatility and made investors think twice about Bitcoin’s basic value. BlackRock explains #Bitcoinpic.twitter.com/X2fPl8tL2s — Michael Saylor️ (@saylor) December 17, 2024 Also Read: MetaMask Launches Crypto Debit Card in the US—What You Need to Know BlackRock’s Bitcoin Scarcity Debate: Implications for Market Volatility & Regulatory Changes Source: Reuters The Technical Reality Behind Supply Cap Changes BitVM creator and Bitcoin expert Super Testnet spoke about the BlackRock Bitcoin disclaimer. He said changing the cap with a hard fork is possible. But this would change what ...

Bitcoin price prediction for U.S. election 2024: Finance experts’ forecast

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As October nears its end, Bitcoin (BTC) has finally found the momentum expected from ‘Uptober’ as it first broke the protracted downtrend. The flagship cryptocurrency rallied from October 10 lows under $60,000 to a relatively stable level near $68,000 and, in the last 24 hours, surged above $71,000. Specifically, having managed a 4.22% rise to $71,184 during the last day of trading, Bitcoin is, at press time, 8.61% in the green in the 30-day time frame and has climbed 65.67% from where it stood at the start of 2024. BTC 30-day price chart. Source: Finbold Still, the world’s premier cryptocurrency has yet to reclaim the March – and all-time – highs above $73,000, and there is concern whether it’ll make it given the considerable volatility expected in the leadup to and aftermath of the U.S. presidential elections. Picks for you ...

Crypto Chaos: How Ethereum's Latest Drama Impacts Your Portfolio

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Ethereum drama is shaking up the crypto world again. Investors worry about market volatility and investment risks. A prominent Ethereum supporter faces criticism for being too optimistic. Vitalik Buterin, Ethereum’s co-founder, stepped in to defend “ETH bullposting.” Also Read: Solana Outpaces All Chains In One Key Metric: Is $250 Imminent For SOL Navigating Market Volatility and Investment Risks Amid Ethereum’s Latest Drama The Bullposter’s Dilemma An Ethereum fan called EthereanVibin is in hot water. He lost followers on X for strongly supporting ETH. This Ethereum drama highlights the tension in the crypto community. So many people have unfollowed me the past few days for my steadfast, unwavering, relentless $ETH bullposting It’s insane how angry people get at me for simply believing in something Only reason I post here is because all I think about every single day is Ethereum. Nothing… — EthereanVibin | 0xVibin.eth (@EthereanVibin) September 10, ...