Cryptocurrencies have witnessed a downturn in the last 24 hours as markets recalibrated in response to the ongoing geopolitical uncertainties in the Middle East and the resultant rise in crude oil prices. The unexpected decline in U.S. payrolls, along with concerns about the upcoming consumer price inflation and producer price inflation data from the U.S. … Read more
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
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
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
