Global #crypto markets

The cryptocurrency market has recently experienced significant turbulence, leading to a wave of liquidations across major assets. Over the past few days, $193 million worth of crypto long positions have been liquidated as Bitcoin and other leading cryptocurrencies face extreme volatility.

Crypto markets have maintained relative stability over the weekend, with the total market capitalization hovering just above $2.5 trillion. The recent financial landscape has been influenced by various factors, including inflation data, political statements, and upcoming economic reports.

As Dogecoin struggles around its 21 and 50-day moving averages, investors are turning their attention to a new alternative called Dogeverse (DV) in hopes of significant returns.

Mt. Gox, the now-defunct crypto exchange, has initiated a transaction involving more than 75,000 Bitcoin (BTC), which is valued at around $5 billion. This transaction is significant as it represents the first movement of these funds in over five years, stirring reactions across crypto markets.

Inflows into spot Bitcoin exchange-traded funds (ETFs) surged to a two-week peak as the cryptocurrency experienced a 7% surge following the release of significant US inflation data.

The upcoming week promises a flurry of economic data releases, including crucial inflation figures, which could potentially influence crypto markets.