Market Updates

NFT Sales Surge 31% This Week as Bitcoin NFTs Secure Second Place in Blockchain Sales

Non-fungible token (NFT) sales witnessed a minor rise last week, registering a humble increase of around 1.46% compared to the preceding week. The cumulative value of NFT sales amounted to $149.31 million from April 29 to May 6, 2023. Nevertheless, the most recent week exceeded anticipations, as sales skyrocketed by 31.22%. Throughout the seven-day interval, […]

Biggest Movers: SOL up 5%, as LINK Breaks Key Resistance Level on Saturday

Solana rose by as much as 5% in today’s session, as cryptocurrencies began to recover from Friday’s red wave. The global market cap was up by nearly 2% at the time of writing. Chainlink also rose, moving back above a key resistance level. Solana (SOL) Solana (SOL) moved back above the $20.00 mark to start […]

Bitcoin, Ethereum Technical Analysis: BTC Rebounds From 2-Month Low, as Bulls Enter the Market

Bitcoin bounced back from a near two-month low on Saturday, as bulls moved in to buy the recent dip in price. Saturday’s move came as the cryptocurrency rebounded from a recent support point, after yesterday’s breakout. Ethereum was also higher, climbing above $1,800. Bitcoin Bitcoin (BTC) moved away from a recent two-month low on Saturday, […]

Bitcoin-ether correlation dips below 80% for first time in 18 months

Bitcoin's rolling 30-day correlation with ether fell below 80% this week for the first time since November 2021, according to data firm Kaiko. The post Bitcoin-ether correlation dips below 80% for first time in 18 months appeared first on The Block.

Biggest Movers: SHIB, DOGE Near Multi-Month Lows, as Musk Finds New Twitter CEO

Shiba inu moved close to a five-month low on Friday, as meme coins reacted to news that Elon Musk has found a new Twitter CEO. Musk tweeted, “Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks.” Dogecoin neared a two-month low today. Shiba Inu (SHIB) Shiba […]

Bitcoin, Ethereum Technical Analysis: BTC Plunges Under $27,000, Hitting 7-Week Low

Bitcoin fell to a seven-week low on May 12, as prices dropped below the $27,000 level in today’s session. Friday’s decline came as a red wave swept through cryptocurrencies, with the market cap down 2.75% as of writing. Ethereum also slipped to its weakest point since March. Bitcoin Bitcoin (BTC) dropped below the $27,000 level […]

Bitcoin falls to two-month low as pepe slides 70% from peak

Both large-cap established coins like bitcoin and smaller memecoins are falling in price as the market trends downwards. The post Bitcoin falls to two-month low as pepe slides 70% from peak appeared first on The Block.

PEPE Token Continues Downward Spiral, Registers 60% Drop From All-Time High

The meme-based token pepe (PEPE) has experienced a 14.9% decline against the U.S. dollar over the last 24 hours, continuing its downward trend from the last five days. Thus far, PEPE has seen a 60% drop in value from its all-time high on May 5. Rival Meme Tokens Challenge PEPE’s Dominance as Meme Token’s Value […]

Biggest Movers: LTC Above $80.00, Moving Away From 6-Week Low

Litecoin was back above $80.00 on Wednesday, as the token climbed away from a recent six-week low. Today’s rise in price sees the cryptocurrency surge for a third straight day, despite recent market volatility. Cardano was also marginally higher. Litecoin (LTC) Litecoin (LTC) jumped back above $80.00 earlier in today’s session, as the token continued […]

Justin Sun-linked wallet bombarded with memecoins after pledge to start trading them

Tron founder Justin Sun receives a deluge of gifted memecoins after saying he planned on trading them for fun. The post Justin Sun-linked wallet bombarded with memecoins after pledge to start trading them appeared first on The Block.

Bitcoin, Ethereum Technical Analysis: ETH, BTC Fall to Multi-Week Lows, Following US Inflation Data

Ethereum fell below $1,800 in today’s session, as markets continued to react to the latest U.S. consumer price index. Inflation in the United States fell to 4.9% in April, less than the 5% sum many had expected. Bitcoin was also lower on the data, falling below $27,000. Bitcoin Bitcoin (BTC) briefly dropped below $27,000 late […]

Biggest Movers: TRON Nears Crypto Top 10, as MATIC Extends Declines

Tron moved closer to being in the cryptocurrency top 10 on Wednesday, as the token rose for a second straight day. Prices climbed by nearly 2% in today’s session, despite the global market cap moving marginally lower. Polygon, which currently occupies the tenth position, fell to a five-month low. TRON (TRX) TRON (TRX), rose by […]

Bitcoin pops as US inflation comes in below estimates

US inflation figures for April showed signs of deceleration, spurring bitcoin to trade above $28,000. The post Bitcoin pops as US inflation comes in below estimates appeared first on The Block.

Bitcoin, Ethereum Technical Analysis: BTC Hovers Near Key Price Floor, Ahead of US Inflation Report

Bitcoin was hovering close to a key price floor near $27,300 on Wednesday, as markets anticipated the upcoming U.S. inflation report. Consumer prices for last month are expected to remain at 5%, which could be seen as justifying the Federal Reserve’s decision to hike rates last week. Ethereum remained above $1,800. Bitcoin Bitcoin (BTC) continued […]

Meme Token PEPE Plunges Below $1 Billion Mark Amidst Market Decline

The recently launched meme token, inspired by Pepe the Frog and dubbed PEPE, experienced a 12% decline against the U.S. dollar on Tuesday, plummeting its market valuation beneath the $1 billion threshold to a present $790 million. Concurrently, the total meme coin sector faced a 7% loss against the dollar, with the top six prominent […]

Meme Token PEPE’s Market Cap Plunges Below $1 Billion Mark Amidst Market Decline

The recently launched meme token, inspired by Pepe the Frog and dubbed PEPE, experienced a 12% decline against the U.S. dollar on Tuesday, plummeting its market valuation beneath the $1 billion threshold to a present $790 million. Concurrently, the total meme coin sector faced a 7% loss against the dollar, with the top six prominent […]

Goldman Sachs finds crypto interest has waned among the ultra-rich

Goldman Sachs found that 62% of surveyed family offices are not invested in and are not interested in crypto, compared to 39% in 2021. The post Goldman Sachs finds crypto interest has waned among the ultra-rich appeared first on The Block.

Pepe whales are sitting on paper profits worth more than $90 million

The Pepe memecoin has made millionaires on paper, with its price has skyrocketing since launching last month. The post Pepe whales are sitting on paper profits worth more than $90 million appeared first on The Block.

Biggest Movers: XRP, SOL Move 5% Lower to Start the Week

Xrp plunged to a six-week low on Monday, as cryptocurrency markets moved further into the red. The global crypto market cap fell by over 3% to start the week, which comes days ahead of the upcoming U.S. inflation report. Solana also declined, hitting a multi-week low. XRP Xrp, formerly known as ripple, fell by as […]

Bitcoin, Ethereum Technical Analysis: BTC Extends Declines, as Markets Continue to React to Nonfarm Payrolls

Bitcoin fell below $28,000 to start the week, as markets continued to react to last Friday’s United States nonfarm payrolls (NFP) report. The payrolls report came in at 250,000 versus expectations of 180,000 jobs. Ethereum was also lower, as prices fell back below $1,900. Bitcoin Bitcoin (BTC) moved lower to start the week, as cryptocurrency […]