Bitcoin prices have tapped $117,000 twice over the past couple of hours as the asset reached its highest level since August 23, almost four weeks ago. BTC gained 1.5% on the day, and almost 5% on the week, but had retreated slightly to $116,600 at the time of writing on Wednesday morning in Asia. The […]
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 […]
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 […]
Speaking at the Wyoming Blockchain Symposium on Wednesday, central bank Governor Christopher Waller said, “the payment system is experiencing what I have called a ‘technology-driven revolution’.” He added that this includes instant payments, digital wallets, mobile payment apps, stablecoins, and other digital assets, and AI. He specifically cited stablecoins, or fiat-pegged crypto assets, as the […]
Crypto and stock markets have continued to rally despite ongoing tariff uncertainty. The rally may have been aided by some signs of economic softness and increasing odds of a rate cut in September. However, analysts tend to think that the path ahead may remain choppy, with trade, macro, and geopolitical developments still casting darker clouds […]
Crypto markets have started the new week in the green, and the momentum could continue as trade tensions ease. The big event for the week is the Federal Reserve meeting on July 30, when the latest interest rate decision will be made. Meanwhile, US President Trump has reached a deal with the European Union, which includes […]
Crypto markets maintained last week’s gains over the weekend and began moving higher again on Monday morning in Asia. The momentum may continue if US inflation reports are positive this week. Meanwhile, late last week, President Trump announced 30% tariffs on the European Union and Mexico, but there was little reaction from crypto markets. US […]
Binance’s net taker volume surged past $100 million just ahead of the latest US Nonfarm Payrolls (NFP) report. Such a trend points to aggressive buying as traders position for a key macroeconomic catalyst. Binance Sees Aggressive Buy Orders In its latest analysis, CryptoQuant revealed thaft this spike reflects large market buy orders on Binance, indicating […]
Crypto markets have been relatively quiet over the weekend as assets have stabilized following their $200 billion dump on Friday when Israel attacked Iran. Last week, the consumer sentiment index rebounded in its first improvement in six months, while cooler-than-expected consumer and producer inflation reports (CPI and PPI) lifted investor spirits. However, Friday’s escalation of […]
Last week’s weak PMI reports showed manufacturing activity contracting for a third month in a row and services activity shrinking for the first time in 11 months. Additionally, crypto markets have settled a little following the volatility in the wake of the spat between US President Donald Trump and tech billionaire Elon Musk late last […]