Sentiment in the cryptocurrency market remains cautious as participants await the speech by Fed Chair Kevin Warsh at the Jackson Hole economic symposium. The speech occurs against the backdrop of persistent PCE-based inflation and an increase in longer-term bond yields, which are linked to concerns regarding the fiscal situation and substantial public debt. The speech … Read more
Bitcoin, the leading cryptocurrency, reached a high of $81.2k in the last 24 hours but has since fallen to $78,933. Overall crypto market capitalisation, which reached a peak of $2.71 trillion in the past 24 hours, has subsequently decreased to $2.65 trillion, indicating an overnight decline of 0.32 percent. The CMC Crypto Fear and Greed … 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
Bitcoin is maintaining overnight gains of nearly one percent, despite a mixed sentiment in the cryptocurrency markets, influenced by a rise in bond yields and an increase in global crude oil prices. Sentiment on Wall Street has been influenced by the significant increase in long-dated bond yields. In the context of a 0.34 percent overnight … Read more
In a week marked by notable disclosures regarding the ownership of shares in the spot XRP ETFs, the funds concluded on a positive note, albeit with activity concentrated on a single day. This is a recurring development that has frequently emerged, and the underlying asset has continued to suffer price-wise, dipping below $1.00 for the … Read more
Large holders of Bitcoin, Ether, and XRP have persisted in their accumulation efforts amid the recent market downturn, according to an analytics firm. The firm’s weekly report, Buying the Bear: A Signal of the Bear Market’s Final Stage, analysed the recent accumulation by the largest wallets. The consistent purchasing indicates a pattern frequently observed in … Read more
Cryptocurrencies are currently trading below the flatline, reflecting the influence of ongoing global market dynamics. These markets are affected by new concerns related to artificial intelligence, alongside a resurgence of optimism regarding a potential shipping agreement for the Strait of Hormuz. Overall crypto market capitalisation has declined from the previous day’s close, while Bitcoin has … Read more
Wall Street’s robust rally to commence August had a significant impact on crypto markets, resulting in an increase in overall crypto market capitalisation. Amidst a surge of approximately 1.8 percent in Wall Street’s tech-heavy Nasdaq Composite Index, the crypto market capitalisation has risen by nearly one percent. Bitcoin has reached a 24-hour peak of $63,910 … Read more
Bitcoin and Ethereum experienced a modest increase as July 31 approached, with a slight change in market dominance indicating that traders were once more monitoring the potential rotation of capital towards significant altcoins. The validated notes indicate that Bitcoin has increased by 0.29%, reaching approximately $64,145.86. Meanwhile, Ethereum fluctuated between $1,890 and $1,920, momentarily falling … Read more
