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I Dip, You Dip, We Dip, Crypto Dips

What a Friday, folks! As the week comes to a close, the crypto market continues to plunge deeper into the red.

$BTC.X dropped 4.5%, hovering at $54,000. $ETH.X fell 5.5% to $4,200. $SOL.X and $ADA.X declined nearly 9%, but they still, somehow, performed better than last week.

Despite major cryptocurrencies drifting lower, one coin, Terra ($LUNA.X), caught the attention of the investors as it gained 7%, making it to the coveted top-10 cryptocurrencies list (as measured by market cap). Terra’s promotion stemmed from the coin’s recent network upgrade and upcoming changes to how the coin is used in its own payment network.

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Past Papers

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Dec 01, 2021

Bitcoin Takes A Breather

Happy December! Can’t believe that 2022 is just around the corner… and just as time marches on so does the ebb and flow of the cryptoverse. As we tip to the other side of the week, the market is looking stable, despite Omicron variant fears prompting a yo-yo from gains to losses in major cryptos.

Bitcoin ($BTC.X) looked flat today, hovering around $57k. Ethereum ($ETH.X) felt lazy, too, trading around $4,600. Other cryptocurrencies were all pretty mixed today.

 Let’s hope the crypto market rallies again and see what we have in-store today: 

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Nov 29, 2021

The Omicron Bounce

Happy Monday. We’re starting off in the green this week, with a rebound in the crypto market after speculation that Covid’s new glo-up variant, Omicron, is not as bad as other variants. A number of cryptocurrencies jumped by double digits today, pointing to a market-wide crypto recovery. 

The other talk of the day, of course, is that Jack Dorsey is leaving Twitter. Experts believe that the bitcoin-maxi will shift his full attention to his favorite cryptocurrency. We’ll be watching you, Dorsey!  

Today, $BTC.X surged 8.5%, reaching $58,000. With a 10% hike, $ETH.X traded near $4,400. All other major cryptocurrencies ended above their last week’s performance. 

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Nov 26, 2021

COVID Variant Crashes Crypto

Happy Friday, y’all. Given fears about a new COVID-19 variant, cryptocurrency markets saw a bloodbath today, akin to a Black Friday sale. It’s likely to haunt equities and crypto world for the weekend.

$BTC.X saw a sharp decline, down 8% today. It dipped as low as $54,278, which is 20% down from an all-time high of nearly $69,000 (which it hit earlier this month). $ETH.X performed even worse, dropping to the tune of double-digits and landing at a value of $4,067.

Other top digital currencies also saw a massive sell-off. Decentraland ($MANA.X) and Axie Infinity ($AXS.X), the new stars of the crypto market, also struggled a lot today.

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Nov 24, 2021

Crypto Market Stuck in the Red

Happy Thanksgiving, y’all! As we edge up to the holiday, crypto investors are busy doing two things: a) booking profits for the year-end and b) shopping for early Black Friday sales. 

Crypto markets continued to face massive price corrections as the week started over the hump. $BTC.X was somewhat stable after a bit of a dip, trading around $57,000 today. $ETH.X dropped a little, hovering at $4,200. 

Altcoins were another situation altogether, with a collective bloodbath, including Solana ($SOL.X), Avalanche ($AVAX.X), Cardano ($ADA.X), Shiba Inu ($SHIB.X), Terra ($LUNA.X), which all plummeted by double digits. 

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Nov 22, 2021

Chilly Start to The Week

Good evening. Well, that was a cold start to the week! Despite a recent rally, bitcoin has shrunk by $500 billion since it hit an all-time high of $69,000, as investors have cashed in on the uptick. 

Today, $BTC.X dropped nearly 5%, hovering at $56,000. Since last week, it has dropped 11%. $ETH.X followed that trend and was ended the day around $4,100. A few altcoins did gain traction after some announcements, with traders finding some reasons to invest in them. Read more below.

In hopes of seeing a rebound in the market, here are today’s headlines: 

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Nov 19, 2021

Woohoo! Back On Its Feet

Happy Friday, y’all. We ended the week on a positive note, with all major cryptocurrencies beginning to recover from this week’s sell-off. Crypto pundits predict the rally could continue this weekend.

After hitting a low of  $55,000 earlier today, $BTC.X rose to $58,000. $ETH.X, the second-largest cryptocurrency, jumped nearly 8% to $4,200. Other large-cap cryptos such as $SOL.X and $SHIB.X gained by double digits.

So now that the crypto investors are relieved, let’s unwrap what we have today: 

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Nov 17, 2021

Bullish Despite Pullbacks

We’re halfway through the week and the crypto market is high on hopium despite the recent drop. #BuyTheDip is trending on Twitter, and popular crypto influencers like Carl Runefelt suggest taking advantage of the price drop.

$BTC.X fell below $60,000 today for the first time since mid-October but managed to recover a bit as the day wound down. Similarly, $ETH.X tumbled down to $4,000 but ended up crawling back to around $4,200. Despite that rebound, it is still 11% lower than the past week. Other major cryptocurrencies also suffered a massive market correction and ended in the red. 

On the brighter side of the market, crypto.com coin ($CRO.X) saw a sudden surge of over 25% today. We get into why below.

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Nov 15, 2021

Taproot Is Here

Big news to start the week! Taproot, the first update to the bitcoin protocol in four years, is now live. The upgrade is expected to improve privacy, scalability, and security on the network — read more about it below. 

Even with that launch, the upgrade didn’t really affect $BTC.X, which stayed flat most of the day. Following a small bump, the largest cryptocurrency is currently valued at around $64,000. The price of $ETH.X didn’t move much either, fluctuating between $4,400 and $4,500. TBF, most major cryptos were pretty sluggish all day.

Let’s hope the week picks up in excitement. For now, check out these pieces around what is driving the crypto market today: 

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Nov 12, 2021

Crypto Dips, Opportunities Rise

Happy Friday? Not if you’re into crypto. The crypto market ended the week in a sea of red. Traders decided to sell off their holdings preceding a major upgrade to the Bitcoin network, called Taproot. The upgrade will kick in this weekend, supposedly improving privacy in some transactions.

$BTC.X is settling down after reaching its all-time high, sinking around $64,000, where it continues to hover. $ETH.X followed suit, trading around $4,600. 

The news isn’t all negative, though. Take a look at today’s stories for an injection of what is exciting before you head out for the weekend:

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Nov 10, 2021

BTC and ETH Hit ATH Before Falling Back to Earth

We’ve made it halfway through the week, y’all. Before crashing back to Earth, large-cap cryptocurrencies went on a run today — that’s so typical of the crypto market.

After reaching a new peak on Monday, $BTC.X climbed even to another all-time high at $69,044 today. However, traders began taking profits shortly afterward. The price is back at $65k as of this writing. $ETH.X, the second-largest cryptocurrency, followed suit and notched its own record high of $4,840, before falling back around $4,600.

Altcoins such as Polkadot ($DOT.X), Dogecoin ($DOGE.X), and Shiba Inu ($SHIB.X) tumbled double-digits and failed to recover.

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Nov 08, 2021

A New High for Bitcoin and Ether On the Same Day

Good evening! You won’t be able to forget today’s date. This is the first time in the history of cryptocurrencies that the top two coins have both surpassed new highs, pushing the crypto market to over $3 trillion in value. What a bullish way to start the week!

This new high comes as real or inflation-adjusted bond yields continue to fall, contrary to the Federal Reserve chairman’s long-held view that high inflation may be temporary.

Bitcoin ($BTC.X) roared over 7%, setting a new high of $67,713. The price surge has come ahead of a much-anticipated Bitcoin upgrade, Taproot, scheduled to launch this week.

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Nov 05, 2021

Altcoins Rally as Bitcoin’s Dominance Erodes

Happy Friday! The whole week was very dynamic for the crypto markets, even as Bitcoin’s price stayed flat. Altcoins continued to perform well, and memecoins remained in the spotlight. 

$BTC.X dropped 0.5% and traded around $60,000 today. $ETH.X hovered around $4,500, registering a small gain. $BNB.X jumped 8% and broke into the $600s for the first time since May 2021. As long as the bullish momentum continues, $BNB.X has a chance of breaking its all-time high at $690. 

We hope the trend continues this weekend. Here are today’s reads: 

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Nov 03, 2021

The Sky Is Anything But the Limit

It’s hump day! We’re halfway through the week and the crypto market isn’t showing signs of slowing down anytime soon. 

The crypto market is valued at $2.75 trillion, a record high. Ethereum, Solana, and several other leading cryptocurrencies contributed to this major mark by reaching all-time highs. This makes the crypto market more valuable than the top dozen banks combined. 

Bitcoin ($BTC.X) got a bump today, hovering around $62k. After reaching its new peak yesterday, Ethereum ($ETH.X) jumped 3%, trading around $4,600. Solana ($SOL.X) set a new record today, rising above Cardano ($ADA.X) in the list of top cryptocurrencies. 

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Nov 01, 2021

Best Wishes for MOONvember

Happy November, y’all! Can you believe that 2021 is almost over?

Crypto pundits say that after the Uptober wave MOONvember takes the crypto market to galactic levels. However, the month started quietly for large caps, with $BTC.X trading flat around $60,000 today. $ETH.X rose 1% and traded at $4,200. Other major cryptocurrencies had an okay day.  

Memecoins remain the stars on crypto’s proverbial red carpet. $SHIB.X, $ELON.X, and $FLOKI.X are dominating the cryptoverse’s conversation, floating to new highs. The $SHIB.X squad shelled out big for an advertisement in New York’s Times Square during NYC NFT Week. The dogekiller is up 90,000,000% in the past year, with 800% in October alone. Woof! 

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Oct 27, 2021

Crypto Enters the Upside Down

Happy hump day. We’re midway through the week, and the crypto market is facing a massive market correction.

$BTC.X dropped below $60k for the first time in 10 days. Time really does move slower in the crypto world. It was down 6%. $ETH.X traded below $4,000 intraday, down to the tune of 6%. This price correction spanned across the broader crypto market, with many coins in the red.

But, but, but… there is a silver lining for fans of meme currency. $SHIB.X, a self-proclaimed ‘dogekiller,’ surpassed $DOGE.X on its way to large-cap royalty. It climbed to a new all-time high price of $0.00008685.

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Oct 25, 2021

Rally Reaches Beyond Bitcoin

Happy Monday, y’all! The week kicked off on a strong note as “Uptober” continued. The entire crypto market swelled to a global market cap of about $2.7 trillion. With two Bitcoin futures ETFs now listed in the U.S. and a third expected to launch this week, the competition is going to get tough — we’ll keep an eye on it.  

With a 5% jump, $BTC.X bounced back today and traded above $63,000. $ETH.X, the second-largest cryptocurrency by market cap, surged 3% to $4,000. 

The gains in the past 24 hours weren’t limited to $BTC.X and $ETH.X. Today, many coins charted gains, including Solana, which reached a new all-time high above $219.  

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Oct 22, 2021

Crypto Rally Pumps the Brakes

It’s the end of the week, and it seems like everyone and everything needs a rest, including crypto. After rallying high five days, Bitcoin and Ethereum are cooling off as we enter the weekend.

A little plunge was expected, but some blamed the flash crash on Binance.US, which mistakenly sank $BTC.X to as low as $8,200, causing FUD (fear, uncertainty, and doubt) among the crypto community. 

Valkyrie Investments’ bitcoin futures exchange-traded fund (ETF) didn’t debut like ProShares’ $BITO, with a first-day loss of 4% loss on the Nasdaq. 

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Oct 18, 2021

Bitcoin Futures ETF Set to go Live

Good evening, ladies and gentlemen. The week kicked off with very highly-coveted news. The first Bitcoin futures ETF is ready to make its debut tomorrow on the NYSE. While the news put a smile on some faces, some skeptics called it ‘disgrace’ — because the ETF will trade Bitcoin futures; not directly hold Bitcoin.

The news didn’t push the price of $BTC.X dramatically. It looked flat at $61,000. $ETH.X tumbled a little and traded around $3,700. Overall, the crypto market was cooler today. The only exceptions were $DOGE.X and $SHIBA.X, which climbed nearly 10% — more on that below. 

 $BTC.X is knocking on the door of a new all-time high. But the ongoing skepticism might change the market’s mood. 

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Oct 15, 2021

Bitcoin Eyes Record Highs

Happy Friday, y’all. The week could not have ended better. The approval of the first Bitcoin futures ETF is on the way — AND CRYPTO INVESTORS ARE NOT KEEPING CALM

$BTC.X didn’t just soar: it roared today, up 8%. It surged past the $60,000 mark, hitting its highest point since May. The largest cryptocurrency now has its sights on breaking its record high of $64,869, which was set back in April. It seems this crypto royalty is getting its typical Uptober love as the price has rallied almost 90% in three months. 

Other cryptocurrencies got a small boost from the ETF news today. $SOL.X and $DOT.X rose 8%. $ETH.X, the second-largest coin, gained 2%, coming up just short of $4,000. $BNB.X and $DOGE.X appreciated small gains.

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Oct 13, 2021

The World’s New Mining Leader Is…

Happy hump day, y’all. We’re halfway through the week and the crypto market needs a little push to get closer to the moon.

After some bumps these last few days, $BTC.X landed just around $57,000. $ETH.X was flat and couldn’t cross the $3,500 mark. It was a mild day for the altcoin market as well. However, Polkadot jumped nearly 20% — thanks to its network upgrade.

The good news is that the U.S. has become the largest bitcoin mining country in the aftermath of the China ban. Place your bets on whether or not this will help $BTC.X cross the $60K mark this weekend.

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Oct 11, 2021

Bitcoin Bulls Aim For $60K

Happy Monday, y’all! Crypto investors created a happy surge to start the week allowing the crypto to continue to outperform.  

$BTC.X jumped to a five-month high and traded above $57,000. $ETH.X got a little bump, pulling its weight around $3,600. After last week’s exciting performance, the altcoin market was cooler this week. However, Shiba Inu ($SHIB.X) continued its climb upward.

The SEC’s recent approval of an exchange-traded fund comprised of stocks with bitcoin exposure might be boosting crypto. But would a real Bitcoin ETF continue to energize investors? Some doubt it. 

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Oct 08, 2021

Another Day, Another 121 Billion Percent Jump

Happy Friday! Well, this week certainly ended with some upside momentum. 

$BTC.X topped $56,000 early morning, and while it settled closer to $54k, it still maintained a bullish sentiment. $ETH.X traded above $3,600. 

But one token that caught many eyes was Nano Dogecoin ($INDC.X), which brands itself as the heir to Dogecoin. The token saw an insane rise of 121,573,432,427% today. Crypto lovers kept scratching their heads all day, asking — what the heck is that? 

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Oct 06, 2021

Bitcoin Blasts to $55K

Happy hump day, y’all. We’re halfway through the week, and investors finally have something to cheer for.

$BTC.X saw a sudden surge to over $55,000 — its highest since May 12. With $1 trillion of market value, the largest crypto asset has beaten stocks and commodities to become the best performing asset of 2021. 

The sudden jump comes on the heels of a comment by SEC Chair Gary Gensler in which he said that the agency wouldn’t ban crypto. Federal Reserve Chairman Jerome Powell shared a similar view a few days ago. 

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