In the ever-evolving world of Bitcoin and altcoins, staying up to date on the latest developments and events is crucial for enthusiasts and investors alike. As the crypto market continues to make headlines, a new wave of exciting events and announcements is coming today. From major Blockchain conferences to major launches, the daily digest of cryptocurrency news is intense.
Today, critical for many altcoins
- Brand Launch conference starts today.
- Filecoin (FIL) kicks off its FIL Dev Summit Singapore conference today.
- APE will hold a Q&A event where it will provide weekly updates.
- TLM announced that it will make an important announcement today.
- Altcoin DUSK is holding a question and answer event about its road map today.
- QUICK ends its governance vote today.
- VRA will hold a question and answer event with The Swoop.
- Ordinals Summit 2023 starts today.
- EmpowerX Bitget Summit starts today.
- Swiss Web3 Fest starts today.
- MKR is launching the SubDAO genesis event today.
- NEAR is launching the Blockchain Rio Festival today.
- The ZkDay Singapore event will take place today.
- Persistence (XPRT) is ending Proposal 43 voting today.
- UMA is launching OSnap V2 today.
- Creditcoin (CTC) will be discussing the 2.0+ update.
- Sekuya (SKUY) will hold a question and answer event.
- SIDUS will be broadcasting live about the web3 gaming application.
- AITECH will hold a question and answer event with Gate.io.
- Permissionless 2023 starts today.
- DappCon Berlin will take place today.
What is the latest situation in the market?
So, what is the latest situation in the market at this time? Bitcoin’s price remained fairly stagnant for about a week, trading in a narrow range just below $26,000. The only exception was last Friday morning when it hit a multi-day high of $26,400. However, this was short-lived and the bears once again pushed it lower into the previous trading area. The weekend was expected to be uneventful, but speculation about upcoming sales from FTX caused a change in the landscape. Such a change actually happened last night, with BTC dropping nearly a thousand dollars to just under $25,000, its lowest level in the last two months.
However, the cryptocurrency bounced back quite quickly and hit close to $26,000 once again a few minutes ago. As of now, the asset remains several dollars below this level. While its market cap regained $500 billion, its dominance over altcoins increased to 49% as most altcoins underperformed. According to CoinGlass, the increased volatility has hurt overleveraged traders, as the total amount of liquidations has skyrocketed to nearly $200 million on a daily scale.
