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Showing posts with the label cryptocurrency decline

Crypto market wipes out $150 billion in a day amid new tariffs

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Just last week, President Donald Trump voiced his optimism that the Federal Reserve would soon start cutting interest rates after a private meeting with Chair Jerome Powell. However, upon the central bank’s decision to leave interest rates unchanged, things took a drastic turn on Thursday, July 31. Namely, the Federal Reserve kept its benchmark rate at 4.25–4.5%, citing the need for more economic data before making any cuts.  The crypto market reacted negatively following the news, with over $150 billion in market value wiped out in a day, falling from $3.89 trillion to $3.74 trillion.  Crypto market cap. Source: CoinMarketCap Cryptocurrencies see multi-week lows In the aftermath, Bitcoin (BTC) dropped as low as $114,400, its lowest price in three weeks, while Ethereum (ETH) dropped 4.94% to $3,628. Something similar happened in April, when Trump announced his first tariff increases. At the time, Bitcoin plunged to a five-month low within days ...

Most new BTC treasury stocks down at least 50% this year

On July 2, Protos asked whether the bitcoin (BTC) treasury company bubble had popped. At that time, the mania had already been cooling for weeks, with many companies trading decidedly lower than their initial days on public markets. Today, weeks later, additional data show things didn’t — and look unlikely — get any better. According to Bitbo, there are 43 BTC treasury companies launched this year that remain public today. This number of new listings in 2025 is conservative compared to other trackers such as Coinkite’s BitcoinTreasuries.net, yet Bitbo’s 43 treasury companies provide a decent sample of various stocks across the world’s exchanges. Of these stocks, all are trading below their highest price of the year. Some, of course, are trading worse than others. Specifically, the median percent change of the cohort from their year-to-date (YTD) high is -52.4%. Moreover, the majority (23, to be precise) of these BTC treasury companies are t...

Active XRP Ledger addresses down 80% since December

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The number of unique active addresses on the XRP Ledger (XRPL) has plummeted by 80% since December, according to data from CryptoQuant. Specifically, the number of addresses transacting on-chain has dropped from 103,000 on December 3 to fewer than 21,000 on Sunday. Unique active addresses are a way to track user engagement with the Ripple-supported XRP blockchain. Major changes to blockchain usage can indicate changes in market sentiment, and active addresses — wallets that actually send or receive transactions on-chain — are a key metric for measuring blockchain network health and adoption . The number of addresses transacting on-chain has dropped from 103,000 to fewer than 21,000. Read more: Ripple played Trump to pump XRP — now he’s cutting ties Unlike total addresses, which sums all wallets ever created, active addresses actually sent or received a transaction on the XRP Ledger within a rolling 24-hour period. Got a tip? Send us an email secu...

Crypto market sheds $160 billion since Israel–Iran conflict began

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The global cryptocurrency market capitalization has lost over $160 billion in value since June 12, when Israel initiated a large-scale aerial operation, codenamed “Operation Rising Lion,” targeting Iran’s nuclear facilities (including the Natanz Enrichment Complex), ballistic missile programs, and military leadership. On that day, total crypto market capitalization peaked at $3.4 trillion. As of June 18, it stands at $3.24 trillion, according to data from CoinMarketCap , marking a sharp retreat that reflects growing investor anxiety around geopolitical uncertainty. crypto market cap since June 12. Source: CoinMarketCap Volume has also pulled back, falling to $117.71 billion, down from $125.18 billion recorded at the peak of the rally last Wednesday.  While crypto is often described as a hedge against macro risk, recent history shows that when true global tensions escalate, even Bitcoin (BTC) and Ethereum (ETH) are not immune from the initial f...