Crypto Market Trend
Date: May 22, 2024
Market Cap 24h Change: -0.12%
Reason:
The market has been largely stable.
Date: May 21, 2024
Market Cap 24h Change: 4.38%
Reason:
The market has been up by 4.38% because of several significant factors surrounding the potential approval of Bitcoin and Ethereum ETFs. There has been a $237 million inflow into Bitcoin ETFs led by Ark and BlackRock. Additionally, speculation and rumors about a potential spot Ethereum ETF approval have intensified, driving up market sentiment. Ethereum witnessed a remarkable price surge, further lifting other cryptocurrencies. Overall, these developments have contributed to substantial market confidence and activity.
Date: May 20, 2024
Market Cap 24h Change: 7.59%
Reason:
The market has been up by 7.59% but the reason is not clear.
Date: May 19, 2024
Market Cap 24h Change: -1.40%
Reason:
The market has been down by -1.4% but the reason is not clear.
Date: May 18, 2024
Market Cap 24h Change: 0.15%
Reason:
The market has been largely stable.
Date: May 17, 2024
Market Cap 24h Change: 3.06%
Reason:
The market has been up by 3.06% but the reason is not clear.
Date: May 16, 2024
Market Cap 24h Change: -1.02%
Reason:
The market has been down by -1.02%. The news of France's securities regulator AMF warning against the non-registered platform Bybit, US Treasury plans to tighten regulations around illicit use of crypto, and the legal action Bybit faces due to regulatory non-compliance may have contributed to the negative sentiment in the market. Despite these, the reason for market change could also include other factors that are not clear from the available information.
Date: May 15, 2024
Market Cap 24h Change: 5.84%
Reason:
The market has been up by 5.84% but the reason is not clear.
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.
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