The prices of several cryptocurrencies, including bitcoin, ethereum, solana, and cardano have surged in the last 24 hours with the overall crypto market growing by nearly 6 per cent in the previous day.

The global crypto market is currently valued at close to $2.62 trillion sparked on by the price surge of several cryptocurrencies.

Bitcoin has grown by over 4 per cent compared to its value a day earlier, while ethereum and solana have surged by 8 to 9 per cent in the last 24 hours.

Among meme coins, dogecoin has recovered from its drop in value earlier in the week with a price surge of over 25 per cent in the last day.

Dogecoin spinoff shiba inu, however, has slipped in value by nearly 25 per cent in the last 24 hours.

Bitcoin’s latest price gains can be attributed to long-term holders refusing to sell, according to a new report by Kraken Intelligence.

The trend has been the driving force behind the recent price rally, and on-chain data suggests that the bull run is still in full swing.

Recent price crashes “appear to have been a market retracement rather than a full-blown trend reversal”, the report claims. Meanwhile, retail investors are calling for a “No Sell November”.

You can read all about Kraken Intelligence’s latest report here.

A bitcoin wallet that has lain dormant for 11 years has suddenly activated, blockchain data has revealed.

In the time since it was last touched, the 50 bitcoins in the Satoshi-era wallet have risen in value from less than $4 to more than $3 million.

It is the latest stash of “sleeping bitcoin” to awaken in recent months, with a similar amount moved back in July. Data from on-chain analytics firm Glassnode estimates that nearly a third of all bitcoin in circulation is held by long-term owners.

You can read the full story here.

A mini price surge has seen bitcoin return above $60,000, boosting several other leading cryptocurrencies.

Every single one of the top 40 most valuable cryptocurrencies are now in the green over the last 24 hours, according to CoinMarketCap’s price index. The crypto market recovery means the price of Ethereum (ether) is back above $4,000, while Cardano (ada) has returned above the $2 mark.

Dogecoin appears to be putting up a fight against its younger rival, reaching towards $0.30 and closing in on the all-time high market cap of Shiba Inu.

The president of El Salvador has used the latest bitcoin price crash as an opportunity to stock up on the cryptocurrency.

President Nayib Bukele revealed on Twitter that the Central American country has added another 420 bitcoins to its stash, which he claims is already making profit as the price begins to rise.

El Salvador became the first country in the world to make the cryptocurrency legal tender when it introduced the Bitcoin Law last month, offering each of its citizens $30 of BTC to encourage its roll out. The price is currently up roughly $10,000 since then, meaning anyone who held on is also in profit.

Several cryptocurrencies, including bitcoin, ethereum, and solana have dropped in value in the last 24 hours, while the meme coin shiba inu continues to surge ahead growing by nearly 75 per cent in the last day.

Bitcoin is currently priced at $59,000, slipping by more than 2 per cent compared to its value a day earlier.

Ethereum (eth), solana (sol), and cardano (ada) have also dropped in value between 4 to 9 per cent over the last 24 hours.

The chart looks all red with no signs of recovery yet as the global crypto market is down by about 4.5 per cent in the last day, currently valued at $2.46 trillion.

Shiba Inu coin has overtaken dogecoin, surpassing the original meme coin’s $31 billion market cap.

Shiba Inu now ranks as the ninth most valuable cryptocurrency in the world, according to CoinMarketCap’s price index.

While other leading cryptocurrencies continue to flounder, SHIB is now up more than 60 per cent over the last 24 hours, and 180 per cent over the last week. When zooming out on the market even further, Shiba Inu’s price rise is even more astonishing, increasing by more than 700,000 per cent since January.

The price of Shiba Inu has just hit a new all-time high, despite today’s crypto market crash.

The meme coin’s market cap is now $25 billion – just $6 billion away from dogecoin’s – making it the world’s 11th most valuable cryptocurrency.

Today’s gains build on a price rally that has seen it rise more than 700 per cent since the start of October, and 700,000 per cent since January.

You can read the full story about the latest crypto meme sensation right here.

Some Coinbase users are reporting issues with the trading app, though it still appears to be functioning, albeit sluggishly.

This is often the case when there are sudden market movements, with previous bitcoin crashes this year causing major crypto exchanges like Coinbase and Binance to temporarily become inaccessible to customers.

Website health monitor DownDetector is currently seeing a spike in reports of Coinbase being down, though it mostly just appears to be issues of speed rather than an actual outage. Some customers are complaining that they’re unable to buy Shiba Inu coin, which is bucking market trends right now with a record-breaking price surge.

In what would be a major development for the crypto space, regulators in the US are reportedly developing guidelines for banks to hold bitcoin and other cryptocurrencies.

The chair of the Federal Deposit Insurance Corporation (FDIC) told Reuters that it was important to bring this activity inside the banks, otherwise “it is going to develop outside the banks” and “the federal regulators won’t be able to regulate it”.

The move could launch a new wave of BTC and crypto adoption and make holding cryptocurrencies much more secure for the average user.

You can read the full story here.