Although there are several major economic events taking place in the following five business days, the reality is that only a handful of them could (and most likely will) impact the cryptocurrency market. That impact, though, is expected to be quite vicious in either direction. The Kobeissi Letter highlighted an auction of 20-year securities, August […]
The CLARITY Act has received another round of changes as Senate Republicans try to secure enough Democratic support for Tuesday’s procedural vote on the cryptocurrency market structure bill. The latest version, which consists of 635 pages, includes an ethics framework backed by President Donald Trump that would restrict public officials from issuing or sponsoring digital […]
The final major inflation report before next week’s highly anticipated Federal Reserve meeting went live on Friday and built on an already complicated economic picture, showing strong employment, sticky inflation, and $100 oil prices. Rate-hike expectations have skyrocketed over the past couple of weeks, which could spell trouble for risk-on assets like bitcoin. All Data […]
XRP’s weekly Super Trend indicator flipped bullish on August 17, after the token rallied about 70% from $0.98 to $1.70. The catch, according to analyst ChartNerd, is that this exact signal has marked local tops before deep pullbacks in every previous cycle going back to 2019, and XRP is already stalling at the resistance level […]
Senate Republicans have released updated CLARITY Act text ahead of the September 15 procedural vote, adding new rules for non-decentralized DeFi protocols and clarifying how credit unions can deal in crypto. The changes reflect weeks of negotiation over the August recess, but they leave untouched the ethics provisions that have stalled Democratic support for the […]
It was less than a month ago when the US Treasury Department announced it would double the maximum size of liquidity-support buybacks for longer-dated government debt. Bitcoin’s price reacted at the time with an immediate leg up. The Treasury now said it would triple it to $6 billion, but BTC remained flat and even dipped. […]
Hardware wallet maker Trezor said its third-party provider was breached and warned users that an email titled “Critical Security Alert: STM32 Entropy Vulnerability” was not sent by the company but was instead a phishing attempt. The company urged users not to click any links. Trezor Phishing Scam In an update on X, Trezor said it […]
Bitcoin dipped below $80,000 as strong US jobs data raises the chances of another interest rate hike. Markets now put the odds of a Federal Reserve rate hike on September 16 at about 60%. According to the recent Bitfinex Alpha report, the US added 162,000 jobs in August, while unemployment stayed at 4.1%. The data […]
All crypto eyes have turned to the two major events next week (and the CPI inflation data on Friday), with some favoring the FOMC meeting, while others put more emphasis on the CLARITY Act vote on September 15. The XRP community appears to be in the second camp, as the countdown to the vote has […]
Bitcoin staged a strong rally in August, surging by almost 30%. While some believe that the bear market is over, others argue that the risk of a devastating plunge still lurks over the world’s largest crypto asset. Alphractal founder Joao Wedson said that BTC’s Balanced Price currently stands near $38,400, but historical evolution does not […]