This week, the correction that commenced in early October persisted, resulting in ETH concluding 2% lower. While this is a modest decline, the price has reached the $2,400 support level, which seems to be maintaining its position at the time of this observation. There exists apprehension within the market, and should the critical support level … Read more
Most major cryptocurrencies experienced a significant decline over the past several days, with bitcoin leading the downturn as it fell from $87,000 to below $81,000, marking its lowest price point in more than two weeks. Large altcoins such as XRP and ETH experienced significant declines, with XRP recording a double-digit decrease over the past week. … Read more
Major cryptocurrencies are exhibiting a mixed performance on Tuesday morning, leading to a slight increase in the overall crypto market capitalisation above the flatline. An easing in bond yields, the dollar’s retreat, a reduced likelihood of an October rate hike by the Fed, along with positive catalysts on the regulatory front, contributed to an improvement … 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
Crypto commenced October following a robust performance in the third quarter, despite experiencing some volatility in the latter weeks of September. Bitcoin experienced an increase of approximately 7% in September, while Ethereum saw a rise of around 7% as well. Solana exhibited superior performance compared to Bitcoin, as numerous large-cap altcoins experienced gains amidst Bitcoin’s … Read more
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
The second-largest cryptocurrency experienced an increase of nearly 9% in September, marking a significant accomplishment considering that this month has traditionally been one of its least favourable periods. Currently, numerous analysts and market observers believe that Ethereum is poised for a significant breakout, bolstered by recent whale activity and robust institutional demand that underpin the … Read more
For the financial vehicles tracking both assets, especially SOL, Friday was a particularly fantastic day. The spot exchange-traded funds tracking the performance of Ripple’s cross-border token began the week with a subdued pace but experienced significant growth by the week’s conclusion, achieving a new cumulative all-time high. Simultaneously, the products associated with Solana’s SOL have … Read more
The cryptocurrency market is entering the fourth quarter (Q4) amid expectations of a traditional rally known as “Uptober. Investors are anticipating an immediate surge across all major crypto assets; however, Ripple’s “North Star,” XRP, seems poised to chart its own course. The primary driver of the market was a robust conclusion to the third quarter. … Read more
Cryptocurrencies experienced a rebound early on Friday, coinciding with a halt in the bond selloff and a decrease in crude oil prices. Crude oil price benchmarks have both experienced a decline of over one percent, influenced by reports indicating that the U.S. and Iran were considering a phased agreement to reopen the Strait of Hormuz. … Read more
