Crypto Market Trend
Date: October 23, 2024
Market Cap 24h Change: -3.39%
Reason: The market has been down by -3.39% but the reason is not clear.
Date: October 22, 2024
Market Cap 24h Change: -1.98%
Reason: but the reason is not clear
Date: October 21, 2024
Market Cap 24h Change: -2.33%
Reason: but the reason is not clear
Date: October 20, 2024
Market Cap 24h Change: 0.13%
Reason: The market has been largely stable.
Date: October 19, 2024
Market Cap 24h Change: -1.30%
Reason: but the reason is not clear
Date: October 18, 2024
Market Cap 24h Change: 0.68%
Reason: The market has been up by 0.68% but the reason is not clear.
Date: October 17, 2024
Market Cap 24h Change: -2.19%
Reason: but the reason is not clear
Date: October 16, 2024
Market Cap 24h Change: 0.24%
Reason: The market has been largely stable.
Date: October 15, 2024
Market Cap 24h Change: -1.42%
Reason:
The market has been down by -1.42% because several persistent negative sentiments are influencing the market. Notably, continuing from prior trends, regulatory actions by the SEC against Cumberland and other pressures such as investigations into market practices, like those concerning Upbit, remain significant. These factors contribute to the ongoing negative sentiment and regulatory uncertainty in the crypto market.
Date: October 14, 2024
Market Cap 24h Change: 4.12%
Reason: The market has been up by 4.12% because several positive developments are giving bullish momentum:
- Bitcoin's price movement has seen significant upward motion, breaking the $64,000 barrier and reaching up to $66,000, influenced by strong market demand and positive endorsements from U.S presidential candidates. This is likely driving up market confidence and investment volumes (source).
- There have been substantial inflows into crypto investment products, totaling $407 million, signaling renewed investor interest amidst global economic discussions (source).
- Moreover, the market has seen over $128 million in short liquidations, suggesting that recent trends have trapped bears and buoyed bullish sentiment further.
- Concerns regarding a stable U.S. election outcome are also seen as a factor boosting positive sentiment in the crypto markets as they line up with escalating market activities in Asia following China's economic stimuli announcements.
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