The crypto market was in a sea of red on Friday as bitcoin, the world's largest cryptocurrency by market capitalization, tumbled more than 10% over the past 24 hours.It appears that global investors have entered the year with a reduced appetite for risk, and so the correlations between speculative assets such as cryptocurrencies and equities have increased, which results in … [Read more...] about Market Wrap: Cryptocurrencies Tumble as Global Investors Reduce Risk
Cryptocurrencies
Market Wrap: Cryptocurrencies Decline With Equities, Traders Remain Cautious
Most cryptocurrencies traded lower on Tuesday as rising bond yields continued to weigh on U.S. equities. As investors reduce their appetite for risk, the most speculative areas of global markets have been hit the hardest.For example, the Nasdaq 100 is down about 5% from its all-time high, compared with a 4% drawdown in the S&P 500 and a roughly 37% drawdown for BTC. … [Read more...] about Market Wrap: Cryptocurrencies Decline With Equities, Traders Remain Cautious
Cryptocurrencies Approach New Year in Positive Mood
Cryptocurrencies moved toward the year-end in a positive mood, with bitcoin – the largest by market value – adding about 3% over 24 hours and ether, the No. 2, also gaining more than 3%, CoinDesk data show.Bitcoin climbed above $48,000, the highest in three days, while ether topped $3,800, the most since Wednesday.All of the 10 largest cryptocurrencies were advancing as of … [Read more...] about Cryptocurrencies Approach New Year in Positive Mood
Here Are the Top 10 Cryptocurrencies of 2021
The past year’s crypto market can be summed up in three words: to the moon.Bitcoin and Ethereum, which entered the year’s bull run following big gains in 2020, both reached new all-time highs. The market capitalization of the sector swelled from under $800 billion in January to $2.2 trillion in December, according to data from Coinmarketcap. Most major digital assets notched … [Read more...] about Here Are the Top 10 Cryptocurrencies of 2021
‘Avoid Ban on Private Cryptocurrencies,’ Indian Technology Think Tank CIS Recommends
The Indian government should avoid a ban on private cryptocurrencies, according to a report by Indian non-profit organization Centre for Internet and Society (CIS), which has been cited by lawmakers for reference in the past.The report comes as the Indian government is looking to introduce a crypto bill that will reportedly ban most private cryptocurrencies. But first it needs … [Read more...] about ‘Avoid Ban on Private Cryptocurrencies,’ Indian Technology Think Tank CIS Recommends