Crypto Market Trend
Date: May 14, 2024
Market Cap 24h Change: -2.32%
Reason:
The market has been down by -2.32% because of a combination of factors. Firstly, Bitcoin's rising correlation with equities as shown by Kaiko Research, which signifies the market's anticipation towards the release of CPI data. Secondly, the system-wide outage on Coinbase, one of the major crypto exchanges, could have impacted the market sentiment negatively. Lastly, the large supply of Bitcoin planned to be released into the market by Mt. Gox could have led to oversupply, hence driving the prices down. However, these reasons are largely speculative and other unknown factors may also be affecting the market dynamics.
Date: May 13, 2024
Market Cap 24h Change: 1.60%
Reason:
The market has been up by 1.6% but the reason is not clear.
Date: May 12, 2024
Market Cap 24h Change: 0.11%
Reason:
The market has been largely stable over the last 24 hours.
Date: May 11, 2024
Market Cap 24h Change: 0.64%
Reason:
The market has been up by 0.64% but the reason is not clear.
Date: May 10, 2024
Market Cap 24h Change: -2.82%
Reason:
The market has been down by -2.82% but the reason is not clear.
Date: May 9, 2024
Market Cap 24h Change: 0.39%
Reason:
The market has been up by 0.39% but the reason is not clear.
Date: May 8, 2024
Market Cap 24h Change: -2.75%
Reason:
The market has been down by -2.75% but the reason is not clear.
Date: May 7, 2024
Market Cap 24h Change: -0.76%
Reason:
The market has been down by -0.76% but the reason is not clear.
Date: May 6, 2024
Market Cap 24h Change: -0.33%
Reason:
The market has been down by -0.33% but the reason is not clear.
Date: May 5, 2024
Market Cap 24h Change: -0.11%
Reason:
The market has been largely stable over the last 24 hours.
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