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
Geopolitical risks to global energy supplies, alongside concerns regarding AI-related capital expenditures, continued to dominate the narrative for global markets. This backdrop unfolded amid an intensifying U.S.-Iran conflict and a significant sell-off in the technology sector on Wall Street on Thursday. Brent Crude closed above $100 on Thursday, while the tech-heavy Nasdaq Composite experienced a … 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
Ethereum exhibited renewed upward momentum following a significant breakout above $1,820, with prominent analysts suggesting the possibility of additional gains should prevailing trends continue. The technical setup of the cryptocurrency, bolstered by whale accumulation and enhanced regulatory sentiment, is reinforcing confidence among traders anticipating a near-term rally. Market capitalisation of 225.48 billion dollars. The asset … 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
XRP requires a significant rebound to the 50-MA, approximately $1.60, prior to resuming its upward momentum, according to one analyst. Somewhat anticipated in light of the recent surge of hostilities in the Middle East, the cryptocurrency market has once again experienced a downturn, with Ripple’s cross-border token reflecting this trend. While the short-term outlook appears … 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
After rising from the $1.05 support zone, XRP is making a notable attempt at recovery in weeks. The asset has rapidly accelerated and is presently examining the area near the 50-day EMA, which has acted as a resistance point throughout the ongoing downturn. Despite the recovery, XRP’s technical market structure remains in a bearish state. … Read more
