Over the past week, the cryptocurrency market has faced a decline, shedding $ 190 billion since Jan. 4. However, by Friday, as the weekend nears, the market exhibited a modest recovery, posting a 2.2% gain over the preceding 24 hours. FAI and AIXBT Rocket While Crypto Economy Battles a Setback The past week has …
Meme Coins Lose Steam: $20 Billion Wiped From Market Since May
During the first half of 2024, meme coins took the spotlight, captivating the crypto world with their quirky charm. However, the hype appears to be cooling off as we move into the latter part of the year. According to Google Trends, searches for “meme coins” have significantly decreased, and since May 21, the meme token […]
Bitcoin Skyrockets Past $61K—Over $23M in Shorts Wiped Out
On Tuesday, bitcoin’s price climbed to $ 61,600 after dipping below the $ 60,000 mark over the weekend. The leading cryptocurrency recorded a 2.9% increase against the U.S. dollar, boosting its seven-day gains to 6.9%. Crypto Chaos: Bitcoin Soars, Derivatives Traders Scramble After a brief dip below $ 60,000, bitcoin is back …
Trading Slump Wiped $12 Billion From Binance Founder’s Fortune, Bloomberg Says
Binance founder and CEO Changpeng Zhao (CZ) has reportedly lost nearly $ 12 billion from his wealth amid declining crypto trading volumes this year. According to Bloomberg’s estimates, the world’s largest trading platform for digital assets has seen a 38% decrease in revenues. Bloomberg Estimates CZ’s Wealth at Over $ 17 Billion in …