• Dapps: 16.23K
  • Blockchains: 78
  • Active users: 66.47M
  • 30d volume: $303.26B
  • 30d transactions: $879.24M

Cryptocurrency Market Trends: Price Dip and Coinbase's Steps

by

2 hours ago

As the sentiment in the cryptocurrency market shifts, a slight downturn is observed, with reactions not only from market leaders but also from regulators.

Cryptocurrency Market Downturn

The cryptocurrency market is currently facing a slight downturn, with the overall market cap demonstrating movement towards a bearish trend.

Coinbase's Regulatory Steps

Coinbase has taken proactive steps by filing a Freedom of Information Act request with U.S. regulators, highlighting the ongoing developments in crypto regulation.

Bitcoin and Other Cryptocurrencies

Bitcoin, the leading cryptocurrency, has experienced a small price decline, dropping about 2.15% in the last 24 hours to around $66,000. Despite this dip, other cryptocurrencies like Ethereum and Solana have shown some resilience, managing to post modest gains. Interestingly, even with the price drop, Bitcoin's daily trading volume has surged by over 47%, indicating continued interest from investors.

Bitcoin, despite the temporary setback, maintains its overall upward trend.Market Analysts

Despite the dips, analysts remain optimistic about Bitcoin's potential recovery, noting this may be a temporary hiccup in its overall upward movement.

0

Share

Other news

Chainlink and Financial Institutions Use AI and Blockchain for Corporate Actions Automation

Chainlink announced the results of an initiative with Euroclear, Swift, and others to automate corporate actions using AI and blockchain.

13 minutes ago

Challenges of AI and Cryptocurrency Regulation: Insights from SEC Chair Gary Gensler

Gary Gensler emphasizes the need for regulation of AI and cryptocurrencies to prevent risks and protect investors.

13 minutes ago

Avalanche's Innovative Visa Card: Simple and Convenient

Avalanche launches Visa Card for crypto use in stores supporting Visa, including WAVAX and USDC.

14 minutes ago

Fiboard and FBD Token: Revolutionizing Sustainable Construction

Fiboard and FBD Token set new standards in construction, reducing ecological impact through advanced technologies.

14 minutes ago

Chris Larsen Supports Kamala Harris with $10M Donation

Ripple co-founder Chris Larsen pledges $10 million in XRP to support Vice President Kamala Harris’s presidential campaign.

14 minutes ago

Growth Opportunities for Solana and Ethereum amid ZDEX Presale Success

An overview of Solana and Ethereum trends and ZDEX presale success in the DeFi context.

15 minutes ago

© 2020. DappExpert. All rights reserved.
© 2020. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.