On Wednesday, a core CPI reading from the U.S. that exceeded expectations contributed to a recovery in cryptocurrency markets. The U.S. military’s announcement regarding the completion of military strikes against Iran has also contributed to a rise in cryptocurrency prices. Anxiety surrounding the interest rate decision by the European Central Bank, which is widely anticipated … Read more
Cryptocurrencies faced a notable drop in the past 24 hours, influenced by rising worries about a strict monetary policy approach from the Fed, triggered by persistent price pressures in the U.S. economy. Consumer price inflation readings for May are scheduled for release on Wednesday morning. The recent escalation in the Middle East has influenced sentiment … Read more
Following news of a security breach in the Humanity Protocol, sentiment in the bitcoin market has declined. Anxiety hung in the air as Wednesday morning approached, bringing with it the release of the U.S. consumer price inflation readings. Bitcoin experienced a variation between $64,186 and $62,410 in the past 24 hours. Overall, the capitalisation of … Read more
Cryptocurrencies have seen substantial increases in value over the past day, fuelled by a price spike that triggered a wave of liquidations among short positions. Reports indicate that purchases by Strategy, along with a technical rebound from oversold levels and a reduction in geopolitical tensions in the Middle East, have contributed to the resurgence in … Read more
Despite a minor rebound from recent lows, XRP remains one of the weakest large-cap assets in the market. The asset experienced a sharp decline after slipping beneath the significant $1.30 support level, momentarily reaching the $1.05-$1.10 range before attracting buyers. Despite XRP’s recent bounce back to $1.12, the overarching trend remains decidedly negative. XRP is … Read more
The bitcoin ETF bleed has permeated the entire crypto landscape. U.S. spot bitcoin funds experienced a significant outflow of $396.60 million on Wednesday, marking the continuation of a record streak with 13 consecutive sessions of withdrawals. This brings the total outflow to $4.37 billion since mid-May, as ether, solana, and XRP products also joined the … Read more
Cryptocurrencies have experienced further declines in the last 24 hours, following the discovery of a major bug linked to Zcash, which has heightened the prevailing negative sentiment in the market. The unpredictable geopolitical situation in the Middle East, along with worries about the upcoming U.S. jobs data and apprehensions regarding AI investments, has dampened market … Read more
Significant outflows from Bitcoin Spot ETF products listed in the U.S. and the closing of long positions in crypto have revealed a clear negative sentiment in the cryptocurrency markets. Bitcoin has seen a drop, hitting a 4-month low of $61,336 in the past 24 hours, as the total cryptocurrency market capitalisation has decreased to $2.17 … Read more
Cryptocurrencies have experienced a downturn in the last 24 hours, influenced by notable ETF movements and the worsening geopolitical climate in the Middle East, leading to a considerable wave of liquidations. The negative sentiment generated by Strategy Inc’s Bitcoin sales, along with a significant transfer from a large Mt. Gox wallet, continued to impact sentiment … Read more
The decline in cryptocurrencies, led by Bitcoin, intensified on Tuesday as markets reacted to the sale of Bitcoins by Michael Saylor’s Strategy Inc. Losses were limited as reports suggested that the diplomatic route continued to progress towards resolving the conflict in the Middle East. Overall cryptocurrency market capitalisation has seen a decline of nearly 3 … Read more