Anticipation of positive regulatory changes in the United States has boosted sentiment in the cryptocurrency markets, driving Bitcoin to reach a five-week high of $66,910. Overall cryptocurrency market capitalisation saw an increase of nearly 3 percent overnight as markets responded positively to the potential passage of the Clarity Act in the U.S., following reports that … Read more
Sentiment in cryptocurrency markets continues to exhibit weakness, as global markets display a mixed performance in the context of the escalating Middle East conflict and ongoing concerns regarding valuations within the technology sector. The aggregate cryptocurrency market capitalisation experienced a decline of nearly half a percent, while Bitcoin fluctuated within a range of $65,038 to … Read more
Ethereum exhibited renewed upward momentum following a significant breakout above $1,820, with prominent analysts suggesting the possibility of additional gains should prevailing trends continue. The technical setup of the cryptocurrency, bolstered by whale accumulation and enhanced regulatory sentiment, is reinforcing confidence among traders anticipating a near-term rally. Market capitalisation of 225.48 billion dollars. The asset … Read more
According to fresh analysis released on July 17 by anonymous cryptocurrency analyst, Ethereum may be nearing the end of a long-term bullish pattern that eventually sees it reach as high as $22,000. While the projection is highly speculative, it has contributed to an escalating discussion regarding whether ETH’s June lows signified the commencement of a … Read more
Aggregate cryptocurrency market capitalisation declined by over 2 percent, with Bitcoin reaching a low of $62,489 in the past 24 hours, following a selloff in global chip stocks that impacted the crypto markets. The recent AI frenzy that captivated global markets has diminished as investors began to scrutinise the inflated valuations within the technology sector. … Read more
In the middle of a new wave of profit booking, the excitement in cryptocurrency markets that followed the U.S. inflation data that were lower than anticipated faded. The selloff tempered the ascent in cryptocurrency prices, leading to a decline in overall crypto market capitalisation of approximately half a percent overnight. Inflows to U.S.-listed Bitcoin Spot … Read more
The U.S. released consumer price and producer price inflation figures that came in below expectations, leading to a more positive sentiment in the cryptocurrency markets. The return of inflows to Bitcoin Spot ETF products listed in the U.S. on Tuesday also boosted sentiment. Overall cryptocurrency market capitalisation has seen a rise of more than 2 … Read more
The ongoing rise in crude oil prices has negatively affected cryptocurrencies, as global markets brace for the inflation update from the U.S. and the Congressional testimony by Fed Chair Kevin Warsh. Substantial withdrawals from Bitcoin Spot ETF products listed in the U.S. on Monday further weakened market sentiment. Overall cryptocurrency market capitalisation has seen a … Read more
Risk aversion, prompted by the escalation in the Middle East and the subsequent rise in crude oil prices, has negatively impacted sentiment in the cryptocurrency market. Lingering anxiety surrounds Federal Reserve Chair Kevin Warsh’s two-day testimony before Congress commencing on Tuesday, alongside the impending release of U.S. inflation readings for June on the same day, … Read more
XRP requires a significant rebound to the 50-MA, approximately $1.60, prior to resuming its upward momentum, according to one analyst. Somewhat anticipated in light of the recent surge of hostilities in the Middle East, the cryptocurrency market has once again experienced a downturn, with Ripple’s cross-border token reflecting this trend. While the short-term outlook appears … Read more
