The cryptocurrency market is facing notable selling pressure on Friday, September 26, influenced by derivatives positioning and considerable liquidations. Over the past day, the market has experienced close to $1 billion in liquidations, contributing notably to the current decline. This development takes place amid ongoing outflows from major crypto ETFs, with analysts indicating it reflects … Read more
The cryptocurrency market is currently experiencing a tight trading range, with significant assets stabilizing amid ongoing deleveraging pressures and a cautious macroeconomic backdrop. The market’s flagship assets are largely range-bound, limiting momentum across other altcoins, which continue to hover below significant resistance levels. Experts suggest that unexpectedly robust US GDP data could rekindle interest in … Read more
Analysts suggest that the crypto market is at a critical crossroads, as general sentiment shifts from neutral to bearish. Flagship cryptocurrencies Bitcoin and Ethereum have slipped below key support levels, while altcoins exhibit a varied performance, indicating a lack of cohesive momentum across the market. On the macro front, remarks from the US Federal Reserve … Read more
Sentiment in the crypto markets continues to be lackluster as uncertainty looms over the scale and timing of additional rate cuts from the Federal Reserve. Comments from certain Fed officials emphasizing a greater focus on inflation rather than the labor market have sparked speculation. The remarks kept the markets’ attention on monetary policy as they … Read more
The cryptocurrency markets are facing a pullback, suggesting a deceleration in short-term momentum instead of a change in the overall bullish trend. During the recent weekend, the bulls couldn’t increase volatility, resulting in a drop in Bitcoin’s price, which went under $112,000. Despite certain cryptocurrencies dropping below their support levels, Binance Coin has managed to … Read more
The prospect of the U.S. government legislating bitcoin purchases is certainly intriguing, yet it is crucial to prioritize technical blockchain advancements for broader acceptance. As industry CEOs and U.S. legislators convene in Washington D.C. to push for the BITCOIN Act, the need for improved blockchain functionality and analytics is crucial for the ongoing adoption of … Read more
The effects of the US Fed rate cuts have permeated the cryptocurrency markets, with Bitcoin, the leading digital asset, starting to stabilize around its recent advancements. It seems that sellers have begun to realize gains, with the Bitcoin price falling beneath the important support level of $117,138. Following several weeks of significant increases, experts indicate … Read more
Cryptocurrencies are experiencing a downturn as the dollar strengthens and bond yields continue to rise. The dollar gained strength and yields surged as the market processed the Fed’s latest rate cut and forward guidance, which turned out to be less dovish than expected by some traders. The monetary policy decisions from the Bank of Japan, … Read more
The crypto market capitalization fluctuated between $4 trillion and $4.12 trillion as traders processed the Federal Reserve’s anticipated rate cut and the forward guidance revealed on Wednesday afternoon. Bitcoin surged to a peak of $117,906, while Ethereum reached a high of $4,644. Both cryptocurrencies have experienced a slight pullback. The Federal Reserve, in a near-unanimous … Read more
Global markets are experiencing mixed sentiment as they await the Federal Reserve’s interest rate decision on Wednesday, yet the focus is clearly on cryptocurrencies. In a surprising turn of events, the dollar saw a slight increase despite widespread anticipation for a rate cut, while gold experienced a decline. In contrast, crypto markets remained stable, with … Read more