Cryptocurrencies predominantly experienced a downturn over the last 24 hours as markets adjusted to the heightened expectations of interest rate increases from the Federal Reserve following assertive remarks from the Fed Chair. The abrupt increase in geopolitical tensions in the Middle East, coupled with the rise in crude oil prices, has contributed to the prevailing … 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
XRP traders are increasingly wagering on a recovery, despite the token’s ongoing challenges near the $1 mark and a surge in online commentary reflecting the most pessimistic sentiment in three months. On Monday, futures open interest, representing the capital committed to outstanding derivatives positions, increased to approximately $2.78 billion, reflecting a 2% rise over the … Read more
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
The surge in equity markets, driven by robust corporate earnings, the decline in crude oil prices, and revived hopes regarding a Hormuz deal, also found its reflection in cryptocurrency markets, though to a lesser extent. The aggregate market capitalisation of cryptocurrencies has experienced an increase of approximately 0.4 percent over the last 24 hours. In … Read more
Sentiment in crypto markets has deteriorated following a significant security breach that resulted in the loss of Bitcoin valued at approximately $38 million. The disappointing second quarter results published by Coinbase contributed to the prevailing negative sentiment. The Bank of Japan’s decision to maintain its current interest rates has, nonetheless, bolstered market sentiment. Market sentiment … 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
Geopolitical risks to global energy supplies, coupled with concerns regarding AI-related capital expenditures, continued to dominate the narrative for global markets. This backdrop unfolded against the escalating U.S.-Iran conflict and a significant sell-off in technology stocks on Wall Street on Thursday. Brent Crude closed above 100 on Thursday, while the tech-heavy Nasdaq Composite experienced a … Read more
Anticipation of positive regulatory changes in the United States has boosted sentiment in the cryptocurrency markets, driving Bitcoin to reach a five-week high of $66,910. Overall cryptocurrency market capitalisation saw an increase of nearly 3 percent overnight as markets responded positively to the potential passage of the Clarity Act in the U.S., following reports that … Read more
Cryptocurrencies saw a rise early on Tuesday, though there was a significant air of caution. This sentiment reflected the ongoing concerns regarding the forthcoming Federal Open Markets Committee meeting on Wednesday, coupled with a surge of profit-taking activities. Lack of clarity regarding the terms of the U.S.-Iran agreement also dampened the relief rally. Bitcoin fluctuated … Read more
