Crypto Market Trend
Date: March 23, 2024
Market Cap 24h Change: 2.46%
Reason:
The market has been up by 2.46% but the reason is not clear.
Date: March 22, 2024
Market Cap 24h Change: -3.42%
Reason:
The market has been down by -3.42% but the reason is not clear.
Date: March 21, 2024
Market Cap 24h Change: -0.99%
Reason:
The market has been down by -0.99% but the reason is not clear.
Date: March 20, 2024
Market Cap 24h Change: 5.76%
Reason:
The market has been up by 5.76% because of several indicators revealed in the news articles. Bitcoin's rebound to $67,000 after the US Federal Reserve decided to maintain rates as expected has likely contributed to a positive market sentiment. Furthermore, the steady interest rate might be a factor for the surge in Bitcoin and subsequently the market cap. Apart from this, the surge in StarkNet’s STRK token by more than 10% after it revealed an ambitious 2024 roadmap would have boosted the overall market cap. However, due to the multifaceted and unpredictable character of the crypto market, these factors provide some insight into possible reasons for the uptick.
Date: March 19, 2024
Market Cap 24h Change: -5.21%
Reason:
The market has been down by -5.21% because of multiple factors indicated by the news articles. There have been several reports of Bitcoin's price plunging below the $64,000 mark, which triggered large-scale liquidation events. Over $620 million were liquidated as Bitcoin broke below $64,000 causing a marketwide correction. The unusual selling activity on BitMEX, that crashed Bitcoin to $8,900, also contributed to the bearish market sentiment. The short-lived crash followed by a panic episode led to a 7% drop on the global markets. All these factors paint a picture of heightened market volatility, contributing to the substantial decline in market capitalisation.
Date: March 18, 2024
Market Cap 24h Change: -1.53%
Reason:
The market has been down by -1.53% but the reason is not clear.
Date: March 17, 2024
Market Cap 24h Change: 1.69%
Reason:
The market has been up by 1.69% but the reason is not clear.
Date: March 16, 2024
Market Cap 24h Change: -2.46%
Reason:
The market has been down by -2.46% but the reason is not clear.
Date: March 15, 2024
Market Cap 24h Change: -3.48%
Reason:
The market has been down by -3.48% because a significant Bitcoin price correction wiped out a substantial amount from traders within 24 hours. This event of Bitcoin dipping to a multi-week low under $66,000 led to high losses for leveraged long Bitcoin traders and contributed to the downward market sentiment. Additionally, US Senators pushing the SEC to reject crypto ETF proposals have introduced uncertainty into the market, straining the chance of approval for pending Ethereum ETF applications. Other stressors include the slowdown in Bitcoin ETF inflows and the sentencing request made by U.S. prosecutors for FTX founder Sam Bankman-Fried, causing anxiety in the market. However, the exact influence of each of these factors on the market change is complex and uncertain due to the volatile nature of the cryptocurrency market.
Date: March 14, 2024
Market Cap 24h Change: -2.01%
Reason:
The market has been down by -2.01% but the reason is not clear.
Follow Us
Newsletter
Join our newsletter to receive the latest updates, news and insights!
Rest assured, we won't spam your inbox!