Digital asset investment products surged for the second consecutive week, reaching a total of $932 million. Despite an increase in inflows, the trading volume for the week was only $10.5 billion, significantly lower than the $40 billion recorded in March. Notably, the influx of funds was largely prompted by the unexpected CPI report released on […]
Bitcoin had a relatively quiet past few days, especially during the weekend, and had stalled at around $67,000 before the bulls initiated a mind-blowing leg up that drove the asset to less than $2,000 away from its ATH of $73,750. The alternative coins, led by ETH’s rally, are also in the run, and this volatility […]
The highlights of the economic week ahead are the Federal Reserve meeting minutes and a big earnings report from semiconductor giant Nvidia. There are also reports on global manufacturing and services indexes and consumer inflation expectations which could influence markets a little. Economic Calendar May 20-24 Last week saw the U.S. Dow Jones Industrial Average […]
Spot Bitcoin ETFs have become a key part of the entire cryptocurrency ecosystem in just four months after they went live on US financial markets. However, Bloomberg’s ETF specialist – Eric Balchunas – explained that people should not get too carried away when they see notable changes in the short-term flows. May Covers April Losses […]
The first month after the Bitcoin halving last month has been uneventful. However, this might change soon as CryptoQuant observed a serious spike in the volume of stablecoins entering the market. Interestingly, there are significant jumps in stablecoin inflows at various points, often corresponding with movements in bitcoin’s price. Surge in Liquidity Signals Strong Bullish […]
Inflows for spot Bitcoin ETFs in the United States soared to $303 million on May 15 amid a big jump in BTC prices. It is the highest inflow since May 3 as institutional inventors pivoted back to bullish in the wake of the US Consumer Price Index (CPI) data on May 15 which met expectations. […]
Galaxy Digital CEO Mike Novogratz thinks Bitcoin’s price action is in for a lengthy sleeper period until the market “narrative” can rear its head. That narrative can come in one of two forms: either the central bank cuts interest rates, or regulators clear the air on crypto. Bitcoin Needs A New Narrative During a company […]
Bitcoin is likely to remain within the current trading range until a more favorable macroeconomic environment arises. Taking into account the current market conditions, such as profit margins, leverage, and the distribution of coin ages, the landscape suggests a more expressive rally within this cycle. The target for CryptoQuant’s analyst stands at around the anticipated […]
The largest US-based cryptocurrency exchange informed its customers minutes ago that it is experiencing a system-wide outage but also reassured them that all funds are safe. While it may not be entirely related, the price of bitcoin reacted with an immediate price drop that drove it south by almost a grand. The Coinbase status page […]
Crypto markets remained flat over the weekend following a fall last week, dropping total capitalization to $2.38 trillion. This week’s economic calendar could induce more volatility as key inflation data is reported alongside a number of Federal Reserve speeches, which could indicate the direction of monetary policy going forward. Economic Calendar Tuesday will see the […]