Tether is evaluating a raise from “a selected group of high-profile key investors,” to maximize the scale of the company’s strategy across all existing and new business lines, “by several orders of magnitude,” stated CEO Paolo Ardoino on Wednesday. The stablecoin issuer is looking to raise between $15 billion and $20 billion for a roughly […]
Crypto markets spent most of the weekend flat but have taken a dip over the past few hours in the usual Monday morning retreat. All three US stock indices hit new all-time highs on Friday, driven by Fed rate cut optimism and tech sector strength. Market sentiment was also supported by positive vibes from the […]
The Federal Reserve cut interest rates by 25 basis points for the first time since December on Wednesday, signaling concerns about a weakening labor market. The Federal Open Market Committee voted to lower its target range to 4% to 4.25%, in line with investor expectations. After the move, Fed Chair Jerome Powell said in a […]
Crypto markets ended last week on a high note with total capitalization topping $4 trillion again, but momentum waned over the weekend. Stock markets in the US reached record highs last week as markets fully priced in a 0.25% rate cut this week. However, the job market continued to signal weakness with a sharp jump […]
Bitcoin’s gradual price recovery over the past week or so saw some resistance at $116,000, and the asset has failed to reclaim that level decisively. Expectedly for a weekend trading, most altcoins are quite sluggish with little to no moves in either direction. However, there are a few exceptions. BTC Keeps Calm at $116K The […]
Markets declined last week after the US jobs reports confirmed that the labor market is visibly slowing down. Crypto assets have been range-bound over the weekend, awaiting another week that is packed with key inflation data. The Federal Reserve has two mandates: maximum employment and stable prices, and investors are about to receive data on […]
After a gradual increase to over $113,000 yesterday, bitcoin’s price faced immediate selling pressure and was pushed south by a few grand before it settled at around $111,000. Most larger-cap alts have failed to post any significant gains, aside from HYPE, which has jumped to over $47, and ENA, which has risen by 13%. BTC […]
The cryptocurrency market experienced the adverse consequences of Trump’s tariffs against essentially every other country in April, or at least the threat, resulting in massive price declines to multi-month lows. Although the POTUS has continued to impose such taxation on some nations while reducing the rates for others, more controversy arose on Friday when the […]
Bitcoin posted a new all-time high above $124K earlier this month, but the momentum has quickly shifted to fragile. The market has been extremely choppy this week, briefly pushing the price below $109K. As investors anticipate a durable rally, seasonal headwinds, among other factors, have hindered the asset’s growth. New data suggests that the current […]
Around $205 billion has exited crypto markets over the past 24 hours, sending total market capitalization plummeting back to $3.84 trillion. It is the lowest level total cap has been since August 6, but it still remains within a six-week sideways channel despite the massive sell-off. CoinGlass reported that around 205,000 traders were liquidated over […]