A renewed positive outlook on the global AI trade, driven by strong earnings forecasts and indications of robust AI demand from major players such as SpaceX and Super Micro Computers, has bolstered sentiments in the tech sector, subsequently lifting cryptocurrency markets as well. A mild short squeeze in the cryptocurrency market contributed to the increase … Read more
Sentiment in the cryptocurrency market declined in response to a worldwide selloff in stocks associated with artificial intelligence. South Korea’s KOSPI index experienced a decline of 3.7 percent, while Japan’s Nikkei 225 saw a reduction of over one percent. The tech-heavy Nasdaq Composite is presently trading beneath the flatline. Amidst the prevailing weak sentiment, the … Read more
The usual weekend lethargy was momentarily interrupted in recent hours, as BTC experienced a decline of a significant amount before swiftly recovering, resembling a flash crash. The altcoins exhibited similar behaviour, with numerous assets undergoing even more pronounced volatility during a relatively tranquil weekend. However, further fluctuations are anticipated on Monday. The business week commenced … Read more
A significant drop in anticipated rate hikes from the Federal Reserve contributed to a recovery in crypto markets, pushing Bitcoin to a 24-hour peak of $82,539. The dollar’s retreat and a decline in crude oil prices have bolstered sentiment in the crypto market, resulting in an increase of over 1.5 percent in overall market capitalisation … Read more
Consumer price inflation readings from the U.S. released on Wednesday morning exceeded expectations, leading to a decline in sentiment within the cryptocurrency market. Overall market capitalisation has decreased by nearly half a percent overnight, while the market leader Bitcoin fluctuated between $84,049 and $82,283. The U.S. Bureau of Labour Statistics released the consumer price inflation … Read more
Anxiety ahead of the release of consumer price inflation readings from the U.S. on Wednesday weighed on market sentiment in the cryptocurrency market. Bitcoin, however, demonstrated resilience against the prevailing bearish trend. Overall market capitalisation has experienced a decline of less than 0.1 percent overnight, while the leading cryptocurrency fluctuated between $84,061 and $80,963. The … Read more
Bitcoin experienced a rally as global markets responded positively to the reduction in geopolitical tensions in the Middle East. Markets responded positively to President Donald Trump’s remarks indicating that the U.S. would refrain from military action against Iran prior to the midterm elections, characterising the discussions as constructive. Overall crypto market capitalisation experienced a slight … Read more
Sentiment deteriorated in cryptocurrency markets in the wake of a severe bond selloff and an increase in crude oil prices. Overall crypto market capitalisation experienced a decline of approximately one percent over the past 24 hours, with Bitcoin falling below the $82,000 mark during the same period. The total liquidations over the past 24 hours … Read more
The cryptocurrency market has experienced a significant downturn, with Bitcoin falling below $83 thousand as a result of a substantial liquidation cascade. The past 24 hours saw long positions being forcibly liquidated in response to a rise in bond yields, a rebound in the dollar, and an increase in expectations for Fed rate hikes. Crypto … Read more
Sentiment in the cryptocurrency market remains optimistic as the likelihood of a rate hike by the Federal Reserve in October continues to diminish. Anxiety surrounding the forthcoming release of the Federal Open Markets Committee minutes on Wednesday, however, constrained the potential for upward movement. Overall crypto market capitalisation has seen an increase of over one … Read more
