Even though three FOMC members voted in favour of raising the federal funds rate, cryptocurrency markets are steadily rising overnight. A softer-than-expected core PCE reading, an unexpected decline in second quarter GDP growth, along with an overnight decline in global crude oil prices, contributed to shifting the crypto market’s focus from inflation concerns to a … Read more
A major selloff in the semiconductor industry has lowered confidence in the cryptocurrency market, adding to the growing anxiety ahead of the FOMC decision that is scheduled to be revealed on Wednesday. Sentiment was also impacted by waning hopes that the Clarity Act would be passed before the Senate’s summer break in August. Overall cryptocurrency … Read more
Ongoing capital rotation for Bitcoin and other risky assets is igniting a new leap in the market, backed up with incoming regulatory wins. Stakeholders in the United States anticipate that the Clarity Act will draw long-term investment, subsequently influencing other jurisdictions. This week witnessed a halt in flash sales by bear traders as cryptocurrency assets … Read more
The sentiment in the cryptocurrency market, which recently appeared to be closely tied to the shifts in the global AI trade, has once again returned to experimenting with monetary policy, interest rates, and the battle against inflation. An ongoing surge in crude oil prices, driven by interruptions in oil transport through key waterways, is leading … Read more
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
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
Due to a fresh round of strikes between the US and Iran, Bitcoin’s price fluctuated slightly over the last 24 hours, and it is currently having difficulty staying over $64,000. Most larger-cap altcoins have exhibited sideways movement over the past day, with the exception of ZEC and DEXE. The latter has recorded a substantial double-digit … Read more
Anticipation surrounding the U.S. listing of South Korean memory chip leader SK Hynix, along with a pause in the renewed U.S.-Iran conflict, has positively influenced sentiment in the cryptocurrency market. Overall crypto market capitalisation saw a rise of more than 2 percent in the past 24 hours, with Bitcoin hitting a high of $64,556 during … Read more
