Crypto Prices

Coinbase News

Ethereum Exhibits Bullish Trend as Cancun Upgrade Looms

Ethereum (ETH) has been exhibiting a bullish pattern, reaching a peak value of $2,041 on November 20, 2023. As the second-largest cryptocurrency by market capitalization, Ethereum’s market cap has climbed to $242.34 billion, with a 24-hour trading volume of $12.07 billion​​​​​​.

Coinbase's Global Ambitions and the Regulatory Hurdles

In recent developments, Coinbase, one of the world’s leading cryptocurrency exchange platforms, has been making headlines with its ambitious plans for global expansion and its ongoing tussle with regulatory bodies, especially the U.S. Securities and Exchange Commission (SEC).

BTC Dropped to 28,000 US Dollars, Does It Mark the Bottom?

BTC fell below the $28,000 mark, its lowest level since June 20 this year. In the past 48 hours, the price of BTC has continued to decline from 29330 USDT to a minimum of 27676 USDT, with a maximum drop of 5.6%. BTC was temporarily reported at 27,900 USDT, a 24-hour drop of 3.8%.

Demystifying the Mechanisms and Risks of Leading Stablecoins

Since the LUNA thunderstorm and the Silicon Valley Bank thunderstorm triggered a series of black swan events such as the decoupling of the world’s second largest encrypted stablecoin USDC, the market’s distrust of the concept of stablecoins seems to have reached a threshold.