Baby Doge Coin (BabyDoge) hits a new all-time high despite a market downturn affecting major assets. The meme coin's rise is noteworthy as the overall market, including the broader meme coin cap, suffers a significant decline.
Santiment claims an altcoin's onchain data stands out amid the crypto market decline, suggesting a possible rebound.
The cryptocurrency market is facing its worst daily performance since November 2022, driven mainly by the diminishing appeal of yen-dollar carry trades.
U.S. equities and cryptocurrency markets experienced sharp declines, raising concerns about a possible U.S. recession. Market value dropped from $2.4 trillion to $2.09 trillion since July 29. Six indicators point towards a looming economic downturn.
NFT sales dropped 11.35% from May 4 to May 11, 2024. Bitcoin-based NFT transactions, while leading, also fell by 13%. The market shows a consecutive decline in NFT transactions across various platforms.
Major cryptocurrency exchanges saw a significant drop in trading volume in April as Bitcoin's price fell from its all-time high.
The cryptocurrency market experienced a 43.8% decrease in trading volume for spot and derivative transactions in April, the first drop in seven months.
The NFT market experienced a significant decrease in sales from April 27 to May 4, 2024, with a cumulative figure of $164.4 million. This marks a downturn of over 30% from the previous week, with Bitcoin leading blockchain sales despite a 41.57% decrease.
During a broad market downturn, DOGE long traders suffered $16 million in liquidations, hitting a 30-day peak. The repercussions could affect market sentiment and future investment.
Cardano (ADA) experiences a significant drop, similar to the broader market trend seen with Bitcoin and Ethereum. It's now looking at potentially approaching critical support levels after breaking through previous ones.
