Crypto Market Trend
Date: May 28, 2024
Market Cap 24h Change: -1.27%
Reason:
The market has been down by -1.27% because of significant movements involving the Mt. Gox cold wallet. The transfer of $9 billion worth of Bitcoin (107,000 BTC) has sparked fears of an impending sell-off. Although the Mt. Gox trustee confirmed they are not selling BTC, the market reacted negatively to the massive transfer, resulting in a price decline.
Date: May 27, 2024
Market Cap 24h Change: 1.35%
Reason:
The market has been up by 1.35% because of significant positive news surrounding Ethereum. Ethereum's price has surged to over $3900 following the approval of Ethereum ETFs by the US Securities and Exchange Commission (SEC). Additionally, the broader cryptocurrency market is benefiting from general optimism around ETFs and significant upgrades in other blockchain networks like Polkadot.
Date: May 26, 2024
Market Cap 24h Change: 0.16%
Reason:
The market has been largely stable.
Date: May 25, 2024
Market Cap 24h Change: 0.48%
Reason:
The market has been up by 0.48% but the reason is not clear.
Date: May 24, 2024
Market Cap 24h Change: 1.52%
Reason:
The market has been up by 1.52% but the reason is not clear.
Date: May 23, 2024
Market Cap 24h Change: -1.18%
Reason:
The market has been down by 1.18% but the reason is not clear.
Date: May 22, 2024
Market Cap 24h Change: -0.12%
Reason:
The market has been largely stable.
Date: May 21, 2024
Market Cap 24h Change: 4.38%
Reason:
The market has been up by 4.38% because of several significant factors surrounding the potential approval of Bitcoin and Ethereum ETFs. There has been a $237 million inflow into Bitcoin ETFs led by Ark and BlackRock. Additionally, speculation and rumors about a potential spot Ethereum ETF approval have intensified, driving up market sentiment. Ethereum witnessed a remarkable price surge, further lifting other cryptocurrencies. Overall, these developments have contributed to substantial market confidence and activity.
Date: May 20, 2024
Market Cap 24h Change: 7.59%
Reason:
The market has been up by 7.59% but the reason is not clear.
Date: May 19, 2024
Market Cap 24h Change: -1.40%
Reason:
The market has been down by -1.4% but the reason is not clear.
Follow Us
Newsletter
Join our newsletter to receive the latest updates, news and insights!
Rest assured, we won't spam your inbox!