Bitcoin’s rally from under $65,000 to over $81,000 faced its first major macro setback after Fed Chair Kevin Warsh delivered a hawkish message at Jackson Hole on Friday. The bigger question now is whether potentially higher rates and rising Treasury yields can derail the impressive market recovery. Although BTC remained relatively stable during the speech, […]
After one bitcoin’s most volatile and impressive weeks, the cryptocurrency market has turned its attention to important US macro news to be announced in the next five days. The analysts at the Kobeissi Letter highlighted several such events scheduled next, but three stand out for the crypto industry: the July PCE inflation report, revised second-quarter […]
The cryptocurrency market is on the move again, but this time the altcoins have taken the spotlight. Ripple’s XRP has reemerged from the $1.00 support and skyrocketed past $1.65 for the first time in many, many months, surpassing BNB on the way. Meanwhile, bitcoin has rebounded from the dip to $76,200 and sits well above […]
It’s hard to believe that just 48 hours ago, there was no clear indication of what was going to happen next. The reality, though, is quite promising as bitcoin has added over $11,000 within this timeframe, and blasted through $75,000 hours ago for the first time since late May. Naturally, analysts have shifted their market […]
President Donald Trump met with executives from Coinbase, Ripple, Gemini, and other major crypto companies at the White House on Wednesday as the administration sought to take a stronger position in the digital asset industry. The discussion focused heavily on the Digital Asset Market Clarity Act, Bitcoin, and the push to bring more crypto activity […]
For over two months, bitcoin has struggled below $70,000, hovering around $62,000 to $65,000. Still, experts believe that the broader macro market condition is moving in favor of the apex crypto. Crypto exchange Bitfinex stated in its latest edition of the Bitfinex Alpha report that two of the three conditions that can support a BTC […]
The new business week has started on the right foot, as after a highly dull and sluggish weekend, bitcoin has finally charted a minor increase to $63,500. The following days have some important macro events in the United States that can further impact the market, albeit not as notable as the CPI data from last […]
As it happened during the past few weekends, bitcoin’s price volatility has essentially disappeared once Saturday and Sunday come, with the asset remaining stuck at $63,000 for roughly 36 hours now. Most altcoins have performed similarly, which is why we will focus on their weekly moves. Some of the major gainers here are XMR, LINK, […]
The previous business week ended with a bit of a surprise as the jobs report showed that the US economy had lost 23,000 jobs in July, compared to expectations for roughly 80,000 new positions. Previous months were revised sharply lower as well, solidifying the argument that the labor market is finally weakening. Although this was […]
The industry’s biggest legislation has faced yet another setback. The US Senate will not take up the crypto market structure bill before lawmakers leave Washington for the month-long recess, pushing the vote to September instead. Senate Majority Leader John Thune, speaking through a spokesperson, confirmed there will be no vote on the CLARITY Act in […]