Bitcoin reached a new all-time high of $104,000, fueled by long-term holders realizing substantial profits. However, looming
Federal Reserve decisions sparked market uncertainties.
Coinbase managed to break its losing streak despite impending tariff concerns. Elsewhere, tokenized assets and stablecoins saw increased interest as President Trump threatened additional tariffs. Importantly,
Binance announced the future delisting of XEM, ORBS, and LOOM perpetual contracts. Amid economic uncertainty, gold, silver, and cryptocurrencies, such as Bitcoin and
LOOM coin, were spotlighted as promising hedges against rising recession fears, while tariffs led to pressure and declines across multiple cryptocurrencies, including XRP.
EU's stablecoin approval signalled a significant milestone, although regulatory uncertainties remain. Despite falling below $100,000 in the wake of tariff worries, Bitcoin demonstrated resilience by rebounding to $85K. A critical talking point was the withdrawal of $400 million from Bitcoin ETFs amid growing concerns about the US inflation rate. Further, the cryptocurrency market continued to exhibit pressure with notable token unlocks and outflows on multiple altcoin platforms. Notably, however, a positive development was observed as Ethereum staking hit near all-time highs amid looming launch of ETFs. In more negative news, Binance stated it would delist CVP, EPX, FOR, LOOM, REEF, and VGX by 2024. Lastly, altcoins faced a substantial drop in their prices as a consequence of this decision. Popular altcoin LOOM also experienced explosive performance and is perceived optimistically, although it now faces a barrage of potential economic and regulatory challenges.
LOOM Coin News Analytics from Sat, 15 Mar 2014 07:00:00 GMT to Fri, 25 Apr 2025 20:37:13 GMT -
Rating -5
- Innovation 2
- Information 8
- Rumor -4
