Cryptocurrency Financial News

cryptocurrency market cap surged by 2% to approximately $2.52 trillion over the last 24 hours. At 10:41 a.m., Bitcoin showed a 3.2% increase, reaching $67,518, while Ethereum experienced a slight decline of 0.4% to $3,278. Additionally, altcoins including XRP (2.5%), Toncoin (3.8%), Shiba Inu (4.6%), Cardano (2.9%), Shiba Inu (2%), and Bitcoin Cash (10%) witnessed significant rally.

Bitcoin dropped the most in almost two weeks, weighed down by cooling demand for dedicated US exchange-traded funds and ebbing bets on looser Federal Reserve monetary policy. The digital asset fell as much as 7.4%, the biggest intraday decline since March 19, and traded around $65,400 at 10:09 am in New York. Tokens earlier favored by the meme crowd such as Pepe and dogwifhat also slumped, sending a gauge of smaller digital assets sharply lower. The crypto declines came as equities markets in Europe and the US also dropped.

U.S. manufacturing grew for the first time in 1-1/2 years in March as production rebounded sharply and new orders increased, but employment at factories remained subdued and prices for inputs were pushed higher.

ether is struggling to keep pace with soaring big brother bitcoin. The no. 2 cryptocurrency, which commands less than a fifth of the $2.7 trillion crypto market, has not done poorly. But ether is up just around 53% in the first three months of this year, compared with bitcoin's 65%.

Cryptocurrency markets were trading marginally higher in Monday's trade after a moderation in a key U.S. inflation reading heightened hopes of a Federal Reserve rate cut in June. The latest U.S. inflation data was «along the lines of what we would like to see,» Federal Reserve Chair Jerome Powell said, keeping alive hopes that the central bank will start cutting interest rates in June.

cryptocurrency industry and executives from the likes of BlackRock and Fidelity discuss Bitcoin’s march into the investing mainstream this year. However, it was another token that kept coming up in the conversations: a newer cryptocurrency best known for its logo featuring an image of a dog wearing a knit hat. The billionaire Michael Novogratz, chief executive officer of Galaxy Digital, jokingly lamented that he doesn’t have a position in the coin called dogwifhat.

Cryptocurrency markets were trading lower in Thursday's trade, dragged by Bitcoin, Ethereum, Solana, and XRP. Meanwhile, the global cryptocurrency market cap fell 1.2% to around $2.62 trillion in the last 24 hours. At 10.55 a.m., Bitcoin was trading 1.13% lower at $69,609, while Ethereum was down 2.4% at $3,513. At the same time, other altcoins such as Solana, XRP, Cardano, Shiba Inu and Avalanche, fell 2-4%. On the other hand, BNB (1.5%), Dogecoin (7.2%), and Bitcoin Cash (8.4%) surged.

Cryptocurrency markets were trading lower in Wednesday's trade, dragged by Bitcoin, Ethereum, Solana, and BNB. Meanwhile, the global cryptocurrency market cap declined 0.6% to around $2.65 trillion in the last 24 hours. At 10.40 a.m., Bitcoin was trading 0.5% lower at $70,370, while Ethereum was down 1.4% at $3,583. Also, altcoins such as Solana, BNB, XRP, Cardano and Avalanche, fell 2-4%. On the other hand, Dogecoin (3%), Shiba Inu (7%), and Internet Computers (2.2%) surged.

Mainstream cryptocurrency adoption is well underway according to recent findings from a Crypto.com report that show global cryptocurrency ownership increased by 34% last year. 

In the backdrop of the recent surge in the cryptocurrency market, Mudrex has seen trading activity soaring 192-270% in its crypto investment platform in the last three months. In fact, in February alone, the platform onboarded 42,000 new users. «Anticipating continued growth, we project onboarding 100,000 new users and witnessing a threefold increase in trading volume by the end of March,» said Edul Patel, CEO and Co-Founder of Mudrex, in an exclusive interview with ETMarkets. Patel also shared his valuable perspectives on the current market dynamics, key events to watch out for in the coming financial year, strategic recommendations for investors amidst market volatility, and plans for future growth and expansion. The recent rally in Bitcoin and other cryptocurrencies has captured the attention of investors worldwide. What is your perspective on this market phenomenon, and how does Mudrex position itself to navigate and capitalize on such market trends? Edul Patel: The current market movement in crypto can be attributed to many factors.

cryptocurrency market cap also surged 4.4% to around $2.67 trillion in the last 24 hours. Bitcoin surged past the $70,000 mark on Tuesday in early trade, surpassing the level for the first time in 10 days and gaining nearly 5% over the past 24 hours. Ethereum was up 4.8% during the same period, while tokens for major layer-1 blockchains Solana and Avalanche jumped nearly 4%.

cryptocurrency markets rebounded strongly on Monday, with Bitcoin, Ethereum, BNB, and Solana leading the charge in trading gains. At 10:54 a.m., Bitcoin was trading 4.8% higher at $67,404, while Ethereum was up 4.7% at $3,485. The global cryptocurrency market cap also surged 4.9% to around $2.57 trillion in the last 24 hours.

ETMarkets Emerging Investment Opportunities' event, held in collaboration with Mudrex, concluded on March 20, 2024, in Bengaluru, marking a successful gathering of investment advisors, mutual fund advisors, equity traders, wealth advisors, and distributors of wealth products. This event served as a platform for participants to glean insights into diversification, risk management, and cryptocurrency prospects from esteemed wealth experts. With the vision of India's Amrit Kaal, an era promising significant growth and attracting 14 crore new investors, 'ETMarkets Emerging Investment Opportunities' provided a comprehensive platform to explore diverse asset classes beyond traditional equities.

cryptocurrency, also saw a jump of 13%, rising to $3,468. Fed Chair Jerome Powell said that recent hot inflation readings had not changed the underlying story of slowly easing price pressures and reiterated the central bank's earlier forecast of soft landing for the world's largest economy.

El Salvador nicknamed "Bitcoin Beach," shopkeeper Maria Aguirre watched with delight as the cryptocurrency — and her investment in it — recently soared to new all-time highs. The digital currency that she acquired four years ago for $2,200 is now worth around $19,000, she said.

The global cryptocurrency market cap declined 5.35% to around $2.45 trillion in the last 24 hours.

cryptocurrency by value. Meanwhile, Ethereum, the second largest crypto token, also plunged over 7% to $3,685. The global cryptocurrency market cap declined 6.15% to around $2.6 trillion in the last 24 hours.

cryptocurrency by value, hit a new record high at $73,700 on Thursday, led by a flood of cash into new spot bitcoin exchange-traded funds as well as hopes that the Federal Reserve will soon cut interest rates. It was last 0.7% higher at $70,496 at 12:43 pm IST. Meanwhile, the global cryptocurrency market cap surged 0.9% to reach around $2.75 trillion in the last 24 hours.

In the last 24 hours, Bitcoin jumped to an intraday peak of $73,127. It was last 0.9% higher at $72,920 at 12:57 pm IST.

cryptocurrency won further support on greater trading accessibility and dollar weakness. In the last 24 hours, Bitcoin jumped to an intraday peak of $72,850. It was last 5% higher at $71,986 at 11:26 am IST.

Bitcoin’s record-breaking rally appears to be creating around 1,500 new “millionaire wallets” daily, according to crypto analytics firm Kaiko Research. The wallets are digital addresses on the Bitcoin blockchain, in which users can store cryptocurrency. Data such as the number of tokens a wallet holds is accessible since the network is public and not controlled by any centralized intermediaries. However, the addresses are anonymous, making it hard to distinguish whether they’re controlled by individuals or entities.