Crypto Market Trend
Date: October 8, 2024
Market Cap 24h Change: -3.60%
Reason: The market has been down by -3.6% but the reason is not clear.
Date: October 7, 2024
Market Cap 24h Change: 0.06%
Reason: Market has been largely stable.
Date: October 6, 2024
Market Cap 24h Change: -0.01%
Reason: Market has been largely stable.
Date: October 5, 2024
Market Cap 24h Change: -2.02%
Reason: but the reason is not clear
Date: October 4, 2024
Market Cap 24h Change: 1.78%
Reason: The market has been up by 1.78% but the reason is not clear.
Date: October 3, 2024
Market Cap 24h Change: -1.96%
Reason:
The market has been down by -1.96% because of several interconnected factors:
- $272 million in market liquidations have occurred in a short period, showing significant volatility and uncertainty in the market.
- The outflow from Bitcoin ETFs, totaling $52.9 million, suggests reduced confidence among institutional investors in Bitcoin, which may be weighing on market sentiment overall.
- Altcoins are also under pressure, with a broad decline in their values, enhancing the cumulated downtrend in the crypto market.
- A significant focus on regulatory actions, such as the SEC's decision to appeal the XRP court ruling, signals ongoing legal uncertainties affecting investor sentiment.
Date: October 2, 2024
Market Cap 24h Change: -2.73%
Reason:
The market has been down by -2.73%, but the reason is not clear.
Date: October 1, 2024
Market Cap 24h Change: -5.83%
Reason:
The market has been down by -5.83% because of multiple factors:
- Crypto losses from hacks and scams surged to $750 million in Q3, pushing total losses for the year to over $1.9 billion, contributing to a negative sentiment in the market.
- Bitcoin’s spike in long positions may signal an imminent price correction, leading to further sell-offs.
- Gemini’s planned exit from the Canadian market is causing uncertainty among investors.
- Middle East tensions have caused a massive crypto market shakeup, resulting in $489 million in liquidations. Additionally, Bitcoin’s sharp price drop as 'Uptober' begins is contributing to the downturn.
Date: September 30, 2024
Market Cap 24h Change: -4.08%
Reason:
The market has been down by -4.08% because of several negative developments:
- Crypto lender Celsius is unstaking $470M in Ether ahead of repayments, contributing to doubts in the Ethereum market.
- TrustToken and TrueCoin SEC settlement, with the stablecoin entities admitting no fault or denial in the TUSD case, raising concerns about the transparency and security of stablecoins.
- The planned crypto token unlock of $3.46 billion in October, including $735 million in the first week, which is generating expectations of increased selling pressure in the market.
Date: September 29, 2024
Market Cap 24h Change: -0.91%
Reason:
The market has been down by -0.91%, but the reason is not clear.
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