A weaker-than-expected jobs data report from the U.S. significantly diminished rate hike expectations from the Federal Reserve in the October FOMC, enhancing sentiment toward cryptocurrencies. Overall cryptocurrency market capitalisation has increased by 2.1 percent overnight, reaching $2.93 trillion. Bitcoin reached a peak of $87,146 within a 24-hour period. Data released by the U.S. Bureau of … Read more
Bitcoin dropped below $83k in the past 24 hours as a significant bond market selloff dampened sentiment toward risk assets, including cryptocurrencies. Robust economic indicators from the United States, coupled with a surge in global crude oil prices, have reignited concerns regarding potential Federal Reserve rate hikes, leading to a selloff in U.S. bond markets. … Read more
Digital assets have regained $3 trillion in market value for the first time since January, following Bitcoin’s remarkable rally. However, traders are increasingly engaging in leveraged bets in perpetual futures, which heightens the risk of swift price fluctuations. The market has seen an increase of over $740 billion in value following the US Treasury’s announcement … Read more
Buying pressure from ETF flows has strengthened crypto market sentiment, elevating Bitcoin to a 24-hour high of $87,360. Aggregate market capitalisation experienced an increase of over one percent, driven by a significant liquidation of short positions alongside a widespread rally in the cryptocurrency market. Amidst the tech-driven surge on Wall Street, Bitcoin Spot ETF products … Read more
Cryptocurrencies experienced a rally over the past 24 hours as global markets processed the anticipated quarter percentage rate increase by the Federal Reserve. The decline in crude oil prices, coupled with the reduction in bond yields, has strengthened market sentiment. Aggregate market capitalisation experienced an increase of over one percent, while Bitcoin reached a 24-hour … Read more
Cryptocurrencies are experiencing a significant downturn on Tuesday morning as market participants anxiously await the Senate’s vote on the Clarity Act, set for Tuesday afternoon. The Fed’s impending decision on interest rates scheduled for Wednesday afternoon has also incited risk aversion within the cryptocurrency market. Among the top 10 non-stablecoin cryptocurrencies, only one is experiencing … Read more
Cryptocurrencies experienced a significant decline over the past 24 hours, responding to the European Central Bank’s rate hike, the increase in produce price inflation in the U.S., the rise in crude oil prices, and the notable uptick in bond yields, especially in the U.S. Bitcoin has experienced a decline of over 2 percent in the … Read more
Sentiment in the cryptocurrency market remains robust as global markets respond to the increase in crude oil prices and its potential influence on the Federal Reserve’s upcoming monetary policy decision. Bitcoin has experienced an increase of nearly one percent over the last 24 hours. Amidst ongoing conflicts in the Middle East and the interruption of … Read more
Bitcoin has approached $80k, and cryptocurrencies are trading positively amid a mixed global market environment. The CMC Crypto Fear and Greed Index, which monitors sentiment within the cryptocurrency market, has ascended to the Extreme Greed zone, reaching a level of 81. The index registered a value of 78, indicating Greed, just a day prior, while … Read more
Bitcoin’s price experienced a sudden decline to $75,500 following its inability to sustain levels above $77,000 over the weekend. Most altcoins have mirrored this trend, particularly the largest ones, which exhibited significantly stronger performance on Friday and Saturday. This volatility, atypical for the weekend, emerged alongside reports that one of the leading market makers, Wintermute, … Read more
