Cryptocurrencies experienced another volatile session, plunging into the red as bond yields continued to rise. This shift comes alongside a moderation in expectations for Fed rate cuts, a strengthening dollar, an increase in gold prices, and a tech sell-off driven by concerns over inflated equity market valuations. The unprecedented duration of the U.S. government shutdown, … Read more
The cryptocurrency sector is set to produce approximately $20 billion this year, coming close to its 2021 peak. However, underneath these comparable headline figures, there exists a fundamental shift that has eluded the attention of crypto skeptics. In 2021, Ethereum represented more than 40% of the total onchain fees. During speculative frenzies, users found themselves … Read more
Cryptocurrencies encountered notable challenges as hopes for rate reductions were moderated, with the Fed contending with the difficulty of addressing ongoing inflation alongside a softening labor market. Uncertainty increased as the Fed’s consistently highlighted data-driven decision-making encountered obstacles due to the lack of data resulting from the current shutdown of the U.S. government. The total … Read more
The crypto market continues to exhibit weak sentiment, standing in stark contrast to the positive vibes on Wall Street, the rise in gold prices, and the strength of the U.S. Dollar. Unabated flows from Bitcoin spot ETF products in the U.S., alongside ebbing Fed rate cut expectations and reports of a crypto-related cybersecurity incident, have … Read more
In recent years, Texas has emerged as a significant hub in the global Bitcoin mining landscape, quietly establishing itself at the forefront of this booming industry in the United States. The state has transformed digital mining from a mere experiment into a robust energy industry, fueled by affordable power, ample land, and a deregulated grid. … Read more
Amidst a market downturn, XRP, Bitcoin, and Solana are showing positive trends, supported by strategic developments and hopeful market predictions, according to the reports. XRP, Bitcoin, and Solana stand out as the top cryptocurrencies during the current market fluctuations. As Halloween approached in 2025, the cryptocurrency market experienced a decline, leading to a surge of … Read more
Bitcoin and Ethereum exchange-traded funds are experiencing continued outflows as market pressures mount. The ongoing decline has seen significant withdrawals, surpassing $670 million, according to the reports. The current situation is intensified by the decline of cryptocurrencies, as Bitcoin now trades below $110,000 and Ethereum has fallen under $4,000. The present market dynamics suggest a … Read more
In a move that was widely expected, the Federal Reserve has reduced interest rates by 25 basis points. However, the cryptocurrency market experienced a downturn, reacting to the hawkish forward guidance provided by Fed Chair Jerome Powell. The overall crypto market capitalization has seen a decline of over 4 percent in the last 24 hours, … Read more
Bitcoin and a variety of altcoins experienced significant price fluctuations as traders keep a close eye on the US Federal Reserve’s forthcoming decision about potential interest rate reductions, according to Cointelegraph. Traders are buzzing with anticipation, particularly as Bitcoin faces scrutiny for failing to maintain its position above the $118,000 mark. Bitcoin price trends are … Read more
Cryptocurrencies are seeing a favorable trading trend as excitement grows for the Federal Open Market Committee’s announcement scheduled for Wednesday afternoon. The Federal Reserve is expected to reduce interest rates by 25 basis points. The total value of the crypto market experienced a rise of about half a percent in the past 24 hours. Without … Read more