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
Cryptocurrencies saw a significant surge in the last 24 hours, despite rising tensions between the U.S. and Iran, as well as growing signs of a cautious approach from the FOMC regarding inflationary concerns. Bitcoin experienced a variation between $63,165 and $61,493 in the past 24 hours, with the overall market capitalisation of cryptocurrencies showing a … Read more
Cryptocurrencies experienced a significant decline over the past 24 hours, coinciding with heightened tensions in the Middle East and the breakdown of the U.S.-Iran ceasefire. Anxiety ahead of the release of the FOMC minutes on Wednesday further dampened sentiment. Bitcoin fluctuated within a range of $64,189 to $61,639 over the last 24 hours. The bearish … Read more
Cryptocurrency prices have experienced a notable increase over the past 24 hours, reflecting market reactions to the significant inflows into Bitcoin Spot ETF products in the U.S. observed on Monday. Anxiety ahead of the release of the FOMC minutes on Wednesday, however, limited gains. Bitcoin fluctuated within a range of 64,597.57 to 61,275.83 over the … Read more
Cryptocurrencies have experienced a downturn in the last 24 hours as market participants processed information from the prominent Bitcoin treasury firm Strategy Inc. The most recent filing from the company has unsettled sentiment within the cryptocurrency market, which had previously been buoyed by the softer jobs data emerging from the U.S. On Monday, the Virginia-headquartered … Read more
XRP holders are experiencing greater losses on average than at any previous time, as indicated by onchain data that certain traders interpret as a potential contrarian floor signal. The reading derives from MVRV, or market value to realised value, a ratio that juxtaposes XRP’s price with the average price at which its supply last transitioned. … Read more
After a tough June marked by considerable losses in the majority of the leading cryptocurrencies, the crypto markets have entered July with a cautious outlook. Concerns about a potential increase in interest rates by the Federal Reserve, which has strengthened the dollar, along with the increase in bond yields, have persistently impacted sentiment in the … Read more
Cryptocurrencies have continued to decline over the past 24 hours, influenced by the recent strength of the U.S. Dollar, which has reduced the appetite for risk assets, including digital currencies. Lingering concerns regarding rate hikes by the Federal Reserve continued to impact sentiment. Uncertainty loomed as markets attempted to assess the full implications of the … Read more
Cryptocurrencies have experienced a downturn in the last 24 hours, coinciding with global market reactions to events unfolding in the Middle East, while indications of a technology sector rally continue to strengthen. Bitcoin fluctuated within a range of $60,682 to $58,856 over the last 24 hours. Overall crypto market capitalisation has declined by approximately … Read more
