Crypto markets have made gains over the weekend, with total capitalization hitting a six-week high. All eyes are on PCE inflation data this week as it is the Federal Reserve’s preferred inflation measure and could influence a rate cut decision set for September. Additionally, a big shake-up in the U.S. presidential election race as Joe […]
Bitcoin’s price has stagnated since its March peak due to tight U.S. monetary policy, which has reduced stablecoin supply, according to CryptoQuant analysts. “The reason for Bitcoin’s inability to rally further is fundamentally due to the tightening monetary policy in the U.S. since March 2022,” they reported on July 3. As a result, the overall […]
It’s safe to say that the cryptocurrency market went through a lot during the past couple of days, with prices tumbling to levels not seen since February. It appears that the bulls are now attempting a comeback or, at the very least – a slight recovery. Bitcoin Price Increases Above $56K At the time of […]
Bitcoin’s price continues bleeding out. The cryptocurrency is now down almost 12% over the past week, losing 7.5% of that in the past 24 hours alone. As seen in the chart, the bulls have been able to find no relief during the past couple of days, which saw BTC drop to a low of around […]
Monday has started on the wrong foot for bitcoin and the entire crypto market as the primary digital asset plummeted from over $64,000 to a new multi-week low of under $62,500. Although the liquidations on a daily scale are still relatively low of just over $130 million, the total amount of wrecked traders has risen […]
The world’s number one and two leading cryptocurrencies by market capitalization, daily transaction volume, and crypto exchange volume have almost perfectly tied for ROI from Jan. 1 through the middle of June. For comparison, the S&P 500 Index notched up nearly 15% over that same period. But that’s more than the broad stock market benchmark […]
Despite hints of waning hype, the US spot Bitcoin ETFs, including GBTC, had a strong start to June. During the first week alone, these ETFs collectively purchased 25,729 BTC. Data also shows that in January, these ETFs acquired 33,456 BTC, followed by 116,561 BTC in February and 65,456 in March. April, on the other hand, […]
As it keeps happening during the past several weekends, bitcoin’s price action is quite dull and the asset has failed to make a big move out of its $69,300 position. The landscape with the altcoins is quite different, though, as many of them are in the red on a daily and even on a weekly […]
This is the last week of employment data before the June 12 Federal Reserve meeting kicks off. Investors will examine several economic reports that will be incorporated into the Fed’s future policy considerations. Friday’s crucial job market reports will be one to watch. Crypto markets have gone through the weekend with very little movement either […]
After a few days of sideways trading, bitcoin’s price headed south on Friday and slipped to a weekly low of around $66,600 before it recovered approximately a grand. The altcoins are quite sluggish today, with ETH gaining about 1% of value and closing down on the $3,800 mark. BTC Recovers The start of the business […]