Crypto analyst ChartNerd said on August 3 that XRP’s prolonged weakness could be setting the stage for a major market repricing. With the token testing long-term support near $1.06 after months of negative sentiment, the market watcher argued that the current decline is part of a wider crypto correction rather than a sign of weakness […]
Bitcoin, the altcoins, and the broader financial markets face another eventful week, with geopolitical developments, key US labor data, major earnings reports, and fresh economic indicators all capable of influencing investor sentiment. The cryptocurrency market is in a fragile place once again. The weekend moves on the war front in the Middle East did little […]
Leading Bitcoin treasury company Strategy’s results for the second quarter show a loss of over $8 billion, while crypto exchange Coinbase reported a 14% quarterly revenue loss. According to the two companies’ latest earnings reports released on Thursday, Strategy lost over $8.23 billion in its operations after recording an unrealized loss of $8.32 billion in […]
Cardano was up by 4% over the past 24 hours after a few choppy sessions earlier in the week. The crypto asset climbed from around $0.164 to above $0.17. The latest uptick has pushed its monthly gains to around 12%. Amidst improving price structure, new data suggests that ADA may be entering a different phase. […]
The broader crypto market posted some much-needed gains in July, and Ripple’s cross-border token extended a very impressive streak that began in 2020. However, the new month is already here, and the past four Augusts weren’t very bullish for the asset. Can XRP defy its painful August performance, or is another leg down looming? 7 […]
Bitcoin tried but failed at $65,000 on several occasions in the past week, and there are now multiple and different signals suggesting that another leg down is on the cards. From war escalation to ETF withdrawals, let’s dive in. Macro Factors Let’s start with the Wednesday developments on US soil when the central bank decided […]
Around 149,000 Bitcoin options contracts will expire on Friday, July 31, with a notional value of roughly $9.57 billion. This expiry is much larger than usual events, being the end of the month, so it may induce spot market volatility. Crypto markets have retreated slightly this week, with around $25 billion leaving the space following […]
The crypto market is once again filled with speculation over whether Bitcoin has reached its cycle bottom. Recent exchange shutdowns have been fueling a popular narrative that such failures are a sign of a market turning point. Crypto analyst Joao Wedson, however, said the data does not support that conclusion. Debunking Popular BTC Bottom Theory […]
The investment banking giant has begun trading for the Morgan Stanley Ethereum Trust (MSSE) and the Morgan Stanley Solana Trust (MSOL) on NYSE Arca on July 28. Both funds are priced at a 0.14% expense ratio, which undercuts every rival ETH and SOL product on the US market, as CryptoPotato covered the amended filings that […]
Bitmine chairman Tom Lee said on CNBC on Monday that crypto is recovering because it is being embraced outside the United States. Europe, Japan, and Russia are passing CLARITY Act-like bills to regulate the industry, which has spurred market momentum, he said. Lee believes when this happens in the US, it will supercharge the market, […]