Bitcoin's bull market seems threatened by looming U.S. economic recession and tariff concerns. Investors appear to be considering digital assets like cryptocurrencies as a superior hedge against economic events such gold as recession fears continue to rise, with financial analysts closely watching
Bitcoin's performance. The market saw
Solana's price drop in anticipation of a large token unlock, causing speculation about a potential fall to $30. Meanwhile, the notorious
Mt. Gox is on the move again with another enormous Bitcoin transaction as a payout deadline approaches. In the Altcoin realm,
Loom Network, Ontology, and even a meme coin inspired by Simon's Cat are seeing growth as Bitcoin stalls. Nonetheless, experts including famed author
Robert Kiyosaki warn of potential crashes in precious assets like gold, silver, and Bitcoin due to looming Trump tariffs. There is substantial sell-off within the market as Bitcoin plunges below $100,000 due to tariff worries and XRP falls significantly. Concurrently, the EU is investigating the possibility of issuing 'One Leg Out' stablecoins amidst complex regulatory challenges.
Binance, a leading cryptocurrency exchange, announced its decision to delist various tokens, including
LOOM. This has provoked mixed reactions and potentially contributed to a dampening sentiment for LOOM. The document also outlines the
Loom Network's current status and projections for 2024, amidst these market events. Despite a flurry of activity, there are various external pressures including changes in regulations, and anticipations of algorithm unlocks, all of which are contributing to an unpredictable market outlook for various altcoins including LOOM.
LOOM Coin News Analytics from Fri, 07 Dec 2018 08:00:00 GMT to Mon, 17 Mar 2025 11:03:45 GMT -
Rating -4
- Innovation 0
- Information 3
- Rumor -1
