Despite the positive developments on a macro front, such as the US government reopening, BTC’s quite unfavorable price actions continued in the past 12 hours or so as the asset plunged to a new multi-month low. The cryptocurrency stood above $107,000 just three days ago after Trump promised to send tariff checks of at least […]
Bitcoin’s price tumbled once again on Wednesday evening, slipping briefly below $101,000 before it staged a notable recovery on Thursday morning. The most likely reason for the rebound is the fact that the US government shutdown will finally end after setting a record of 43-day stalemate in Congress. BREAKING: President Trump has officially signed a […]
The crypto market has been in a weak state over the last few weeks, with bitcoin (BTC) finally falling below $100,000 on Tuesday. Amid speculations about the end of the bull cycle, trader and market expert Arthur Hayes has identified an event that could reignite the bull run. According to Hayes, everything is tied to […]
The broader economic perspective shows few signs to worry and it certainly couldn’t predict what transpired in the cryptocurrency markets at the start of the current business week. Bitcoin traded at $111,000 on Sunday evening, ETH was above $3,900, XRP was at $2.60, and so on. What followed, though, was a market-wide crash that pushed […]
The presidents of the two most powerful economies in the world met in South Korea earlier today, which resulted in several tariff reductions on China. US President Donald Trump outlined the decisions made after the meeting, including an overall tariff cut from 57% to 47%. Some products, such as fentanyl, were dropped to 10%. BREAKING: […]
Bitcoin’s current price movement continues to raise questions about whether the bull cycle is coming to an end. However, accumulation patterns across different cohorts of BTC investors indicate the cycle is in late-stage maturity, not at a definitive end. According to a report from CryptoQuant, on-chain data shows that although bitcoin’s short-term momentum is weakening, […]
Bitcoin has been rangebound for the past week, trading around a support and resistance zone at $108,000; however, its next move up could be very soon, say analysts. This year has largely been a “positioning reset for Bitcoin’s market structure in spot and derivatives,” said crypto entrepreneur Joe Consorti on Thursday. He added that there has […]
Bitcoin whales are moving their wealth from the blockchain onto Wall Street’s balance sheet, reported Bloomberg on Tuesday. Spot Bitcoin ETFs are providing a novel way for the crypto-rich to get their coins into the traditional financial markets without selling them, it added. The exchanges are tax-neutral swaps where no cash changes hands and no […]
BitMine Immersion Technologies has made its fourth purchase of Ether since the record liquidity flush on October 10. The company scooped up $250 million in ETH from Bitgo and Kraken on Monday, according to Arkham Intelligence which said “These accounts match Bitmine’s prior acquisition pattern.” “Will Tom Lee ever stop buying?” 3.2 Million ETH Holdings […]
Crypto markets have consolidated over the weekend with minor gains for the major assets, but no signs of renewed bullish momentum just yet. Despite the US government shutdown, the week ahead has a key inflation report delayed from September that is likely the last major piece of economic data the Federal Reserve will receive before its […]