⇘ LOOM Coin Dumping Hard Amid Crypto Market Fluctuations and Regulatory Uncertainty

Recent news reports reveal that the cryptocurrency market is preparing for a volatility storm. Factors such as the U.S. court considerations and unemployment data are causing uncertainty. Additionally, the move from traditional bank lending to crypto collateral lending is seen as risky. Even though the Banks are quickly shifting to crypto, it is deemed as a move with potential risks as new regulations are coming into effect. The regulatory changes in multiple countries and significant economic data are also impending, potentially rocking the market. Market analytics suggest a possible lower break for Bitcoin due to seasonal headwinds.

Cryptocurrencies such as Bitcoin and Ethereum are displaying a slip as threats of a U.S. shutdown loom. On the other hand, BNB seems to be struggling with slumping onchain activity, while XRP is rallying. The speculation around Elon Musk's X payments causes Dogecoin to defend its support. Amid all these movements, investors and traders are also paying attention to corporate events such as Nvidia's earnings. Significant events, such as changes in U.S. tax for digital assets, trigger anticipation of market responses. Finally, the LOOM Network is faced with the challenge of heavy dumping by Upbit, which prompts questions about its future.

LOOM Coin News Analytics from Fri, 07 Dec 2018 08:00:00 GMT to Fri, 09 Jan 2026 20:19:08 GMT - Rating -5 - Innovation -6 - Information 7 - Rumor -4