BlockBriefly

Date: October 13, 2024

Market Cap 24h Change: -1.82%

Reason: The market has been down by -1.82% because there are continuous negative sentiments impacting the market:

• The ongoing investigation by South Korea's Financial Services Commission into Upbit is raising concerns about market dominance and integrity, which continues to dampen market confidence (source).
• The SEC's actions against Cumberland DRW for unregistered securities trading are contributing to persistent regulatory pressure on the crypto market (source).
• Bitcoin's sustained dip below $60,000 has triggered fears of potential sell-offs and is impacting the broader market sentiment (source).

Date: October 11, 2024

Market Cap 24h Change: 3.97%

Reason: The market has been up by 3.97% because several positive developments are influencing sentiment:

• A recent analysis suggests that Bitcoin's bull market remains strong, indicating sustained bullish momentum.
• There is a historic pattern of V-shaped recoveries in Bitcoin prices which is seen as a positive indicator.
• Bitcoin ETFs have seen a return of positive inflows after a period of record losses, suggesting renewed investor interest.
• The postponement of repayments by Mt. Gox is viewed positively in the market, as it delays a potential sell-off event.
• Additionally, a report by Gemini indicates steady crypto adoption in the U.S. and U.K., contributing to positive market sentiment.

Date: October 9, 2024

Market Cap 24h Change: -2.46%

Reason: The market has been down by -2.46% but the reason is not clear.

Date: October 7, 2024

Market Cap 24h Change: 0.06%

Reason: Market has been largely stable.

Date: October 5, 2024

Market Cap 24h Change: -2.02%

Reason: but the reason is not clear