Volatility in the cryptocurrency market seems imminent as U.S. jobs data is awaited. Bitcoin holds steady near $88,000 while
crypto stocks edge higher. The crypto market is rallying, even as government shutdowns appear likely and risks from regulatory instability loom. A flurry of token unlocks foreshadows potential increased
selling pressure for altcoins.
Meanwhile, significant banking institutions are quickly transitioning towards crypto to address looming compliance challenges associated with new regulations. Stability in the crypto market is interrupted as risks of a U.S shutdown emerge, thereby inducing cryptos such as Bitcoin, Ethereum, Solana, XRP, and Cardano to join the Hashdex Crypto Index.
Among the coins making headlines,
LOOM Network experienced a dump after Upbit allegedly deposited 19M LOOM into Binance and Bithumb. This move underscores the unpredictable nature of the crypto market, dominated by major players who can influence trading volumes.
Despite macroeconomic risks and market instability, bullish sentiments prevail for Bitcoin. However, the
FOMC rate cuts could affect Altcoins that lost $50 billion, as Bitcoin eyes an ambitious $130K.
Binance, a dominant name in the crypto trading space plans to delist LOOM perpetual contracts.
Regulatory discussions in the U.S. continue to loom, influencing market trends. Amid such developments, Ethereum bears loom; Solana holds support, while BlockDAG raises nearly $420 million.
Overall, the market displays mixed sentiments with an aura of anticipation and speculation. Multiple factors, including national coin reserves, liquidity tests, crucial rate cuts, and the activities of big whales impacting Bitcoin and other cryptocurrencies significantly.
LOOM Coin News Analytics from Fri, 07 Dec 2018 08:00:00 GMT to Sat, 03 Jan 2026 15:39:40 GMT -
Rating -6
- Innovation 6
- Information 8
- Rumor -6
