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Markets
Latest news about markets and price movements.
Why Is Bitcoin Pumping? Experts Weigh In
Bitcoin’s 2024 has gotten off to a rocky start—despite the approval of several long-awaited exchange-traded funds that were supposed to bolster its institutional legitimacy. But things are looking up, with Bitcoin back above $45,000 per coin. The price of Bitcoin (BTC) is now priced at $45,395, according to CoinGecko data, having jumped nearly 4% in the past day and by more than 5% in the past week. So, what’s causing the surge? Analysts tell Decrypt that a number of factors—including hoarding...
Feb 6, 2024
Markets
Solana Outage Can't Stop GameStop Tribute Meme Coin From Skyrocketing
A GameStop-inspired Solana meme coin launched in late January has followed the rollercoaster-like trajectory of the video game retailer’s own meme stock in recent years, surging last week before falling just as quickly. It’s back on the rise now—and even Tuesday’s Solana network outage couldn’t slow its roll. GME, the unofficial GameStop-themed meme coin, has jumped 91% over the past 24 hours, according to data from CoinGecko, at a current price above $0.0096. The token briefly popped above $0.0...
Feb 6, 2024
Markets
Solana Price Rebounds as Network Restarts After Outage
Solana’s price rebounded late Tuesday morning after the network recovered from an outage which had, hours prior, triggered a dip in the cryptocurrency’s price. SOL is currently up to $95.90, an almost full recovery to the position of $96.02 that the token held at 5:00 am EST this morning, prior to the network’s failure. Around 5:22 am EST, Solana developers posted that the network had suffered a “major outage.” Immediately, SOL began plummeting, hitting a low of $93.36 minutes later. All in all,...
Feb 6, 2024
Markets
SOL Dips 4% Following Solana Network Outage
The price of SOL has dipped by more than 3% following a "major outage" on the Solana network. According to CoinGecko data, the Solana price dropped as low as $93.36 before recovering to its current level of $93.70, down 4.1% on the day and more than 11% on the week. The Solana network's status page shows a "major outage" on the mainnet-beta cluster, with a notice stating: "Engineers from across the ecosystem are investigating an outage on mainnet-beta" as of 10:22 a.m. UTC. According to the Sola...
Feb 5, 2024
Markets
Bitcoin Price Flat, But There Could Be Turbulence on the Horizon
Bitcoin (BTC) may not be moving much on Monday, but a number of altcoins are flying. The Bitcoin price has barely budged in the past 24 hours. Monday morning Eastern Time it had moved by less than 1% and was trading for $43,234 per coin, according to CoinGecko. But last week, the biggest cryptocurrency by market cap was the main focus of big investors, according to a new Monday CoinShares report. "Digital asset investment products saw large inflows totaling $708 million last week, bringing year-...
Feb 1, 2024
Markets
Bitcoin Billionaire Arthur Hayes: It's Time to ‘Get Back on the Solana Train’
After the catastrophic collapse of FTX and the courtroom and bankruptcy wrangling that followed, some declared that Solana (SOL)—a favorite digital asset of convicted founder Sam-Bankman Fried—was doomed or even dead. But Arthur Hayes, the former CEO of BitMEX, has recently turned the spotlight on the blockchain, suggesting that it has a promising trajectory amid a volatile market landscape. "I think it might be time to get back on the train fam,” he tweeted, sharing a chart of Solana's price m...