Why is the crypto market up today?

    The crypto market is up today, reflecting market participants’ expectations that inflation is cooling after positive economic data. The crypto market is up today and Bitcoin, Ether, Solana and numerous altcoins rallied after data published by the Institute for Supply Management (ISM) on Jan. 4 which showed slower demand and lower input prices for manufactures which…

    Massive Cryptocurrency Market Drop: Large Stablecoins Fall Below 0.9 USD

    Currently, the cryptocurrency market is clearly showing a decline in major coins, but among all this, a sudden drop, at about the same time, in many major stablecoins, clearly stands out At 13:30 UTC, major cryptocurrencies are bleeding, and the top 10 by market capitalization are seeing losses between bitcoin (BTC)’s 23% and binance coin…

    DeFi is growing, thereby helping to increase the share of cryptocurrency in the global money supply

    This year decentralized finance (DeFi) has proven to be a transformative sector for the cryptocurrency ecosystem and it is also making waves in among global financial markets as institutional investors become entranced with the potential to earn high yields on stablecoins, altcoins and Bitcoin. While the price action from Dogecoin (DOGE) has dominated the headlines…

    Bitcoin and Ethereum Consolidate Gains, XLM and WAVES Outperform

    Bitcoin price gained pace above USD 59,000, but it failed to extend its move to USD 60,000. BTC started a downside correction and traded below USD 58,500. It is currently (12:20 PM UTC) holding the USD 57,500 support and it still might rise again to test USD 60,000 in the near term. Besides, most major…

    Shiba token has risen in price by 70% in an hour after Elon Musk’s tweet about a puppy

    Musk wrote that he was looking after a Shiba Inu puppy. Because of this, the value of an altcoin of the same name has skyrocketed. Tesla CEO Elon Musk tweeted that he was looking after a Shiba Inu puppy. Since the publication of Mask, the price of an altcoin called Shiba Inu has risen by…

    Ethereum Classic has risen in price by another 56% during the day

    The cryptocurrency has renewed its historical maximum value at around $ 117. At the beginning of the year, it was trading at $ 5.5. Since then, growth has exceeded 1990%. On Thursday, May 6, the Ethereum Classic cryptocurrency hit its all-time high at $ 117. Over the past day, it has risen by 57%. Since…