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Showing posts with the label uncertainty

2 cryptocurrencies to reach $1 billion market cap by year-end

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The cryptocurrency market has experienced heightened volatility amidst rising geopolitical tensions between Ukraine and Russia, leaving investors grappling with uncertainty. While Bitcoin (BTC) has managed to defy the broader market downturn and reach new highs, many other cryptocurrencies and crypto-related stocks have struggled to sustain their momentum. Against this backdrop, Finbold has identified two cryptocurrencies, Starknet (STRK) and JasmyCoin (JASMY), on the cusp of significant growth.  Picks for you This is the ‘easiest and surest’ 10x to 30x play in crypto, says investor 18 mins ago Expert outlines Bitcoin's path to $135,000 in December 50 mins ago ...

Bitcoin price slides 5% in 60 minutes amid Silvergate uncertainty

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The price of BTC has fallen a steep 5% in a matter of 30 minutes between 1:30-2:00am UTC time on March 3. The cause behind the fall is not clear. The price of Bitcoin (BTC) has fallen over 5% from $23,500 to $22,240 in just over 60 minutes, amid a wave of uncertainty concerning crypto-friendly bank Silvergate Capital.  The price drop has wiped $22 billion from Bitcoin's total market capitalization, which is now at $430.9 billion, according to Cointelegraph Markets Pro. Ethereum (ETH), XRP (XRP), Cardano (ADA) and Polygon (MATIC), and other non-Bitcoin cryptocurrencies have also suffered a similar sharp decline. Bitcoin just dropped $1200 in less than 30 minutes. — The Wolf Of All Streets (@scottmelker) March 3, 2023 While the cause behind the steep $1,200 price drop is not clear, the fall is coinciding with the recent controversy surrounding Silvergate Bank and the delayed filing of its annual 10-K financial report. Several technical analysts on Twitter claimed to have predic...