BlockBriefly

Date: May 18, 2024

Market Cap 24h Change: 0.15%

Reason:

The market has been largely stable.

Date: May 16, 2024

Market Cap 24h Change: -1.02%

Reason:

The market has been down by -1.02%. The news of France's securities regulator AMF warning against the non-registered platform Bybit, US Treasury plans to tighten regulations around illicit use of crypto, and the legal action Bybit faces due to regulatory non-compliance may have contributed to the negative sentiment in the market. Despite these, the reason for market change could also include other factors that are not clear from the available information.

Date: May 14, 2024

Market Cap 24h Change: -2.32%

Reason:

The market has been down by -2.32% because of a combination of factors. Firstly, Bitcoin's rising correlation with equities as shown by Kaiko Research, which signifies the market's anticipation towards the release of CPI data. Secondly, the system-wide outage on Coinbase, one of the major crypto exchanges, could have impacted the market sentiment negatively. Lastly, the large supply of Bitcoin planned to be released into the market by Mt. Gox could have led to oversupply, hence driving the prices down. However, these reasons are largely speculative and other unknown factors may also be affecting the market dynamics.

Date: May 12, 2024

Market Cap 24h Change: 0.11%

Reason:

The market has been largely stable over the last 24 hours.

Date: May 10, 2024

Market Cap 24h Change: -2.82%

Reason:

The market has been down by -2.82% but the reason is not clear.