Ethereum’s recent recovery has experienced a significant reversal, bringing the price back to around $2.4K and maintaining a bearish breakdown as the predominant outlook. Escalating tensions between Iran and the US introduce a potential risk-off headwind; however, their influence on ETH appears speculative rather than a definitive cause of the decline. On the daily timeframe, … Read more
A renewed positive outlook on the global AI trade, driven by strong earnings forecasts and indications of robust AI demand from major players such as SpaceX and Super Micro Computers, has bolstered sentiments in the tech sector, subsequently lifting cryptocurrency markets as well. A mild short squeeze in the cryptocurrency market contributed to the increase … Read more
The usual weekend lethargy was momentarily interrupted in recent hours, as BTC experienced a decline of a significant amount before swiftly recovering, resembling a flash crash. The altcoins exhibited similar behaviour, with numerous assets undergoing even more pronounced volatility during a relatively tranquil weekend. However, further fluctuations are anticipated on Monday. The business week commenced … Read more
A significant drop in anticipated rate hikes from the Federal Reserve contributed to a recovery in crypto markets, pushing Bitcoin to a 24-hour peak of $82,539. The dollar’s retreat and a decline in crude oil prices have bolstered sentiment in the crypto market, resulting in an increase of over 1.5 percent in overall market capitalisation … Read more
Consumer price inflation readings from the U.S. released on Wednesday morning exceeded expectations, leading to a decline in sentiment within the cryptocurrency market. Overall market capitalisation has decreased by nearly half a percent overnight, while the market leader Bitcoin fluctuated between $84,049 and $82,283. The U.S. Bureau of Labour Statistics released the consumer price inflation … Read more
Anxiety ahead of the release of consumer price inflation readings from the U.S. on Wednesday weighed on market sentiment in the cryptocurrency market. Bitcoin, however, demonstrated resilience against the prevailing bearish trend. Overall market capitalisation has experienced a decline of less than 0.1 percent overnight, while the leading cryptocurrency fluctuated between $84,061 and $80,963. The … Read more
Cryptocurrencies are exhibiting a mixed performance as the strength of the dollar and an increase in crude oil prices have influenced sentiment within the cryptocurrency market. The U.S. Dollar has experienced a rally, leading to a 0.24 percent increase in the Dollar Index overnight. The six-currency Dollar Index, which assesses the strength of the U.S. … Read more
The cryptocurrency market has experienced a significant downturn, with Bitcoin falling below $83 thousand as a result of a substantial liquidation cascade. The past 24 hours saw long positions being forcibly liquidated in response to a rise in bond yields, a rebound in the dollar, and an increase in expectations for Fed rate hikes. Crypto … Read more
Buying pressure from ETF flows has strengthened crypto market sentiment, elevating Bitcoin to a 24-hour high of $87,360. Aggregate market capitalisation experienced an increase of over one percent, driven by a significant liquidation of short positions alongside a widespread rally in the cryptocurrency market. Amidst the tech-driven surge on Wall Street, Bitcoin Spot ETF products … Read more
The sentiment in the cryptocurrency market continues to be closely linked to the regulatory challenges faced, particularly following the Senate’s rejection of the Clarity Act on Tuesday. The decline in crude oil prices and the easing in bond yields that supported sentiment in major financial markets on Wednesday did not translate into a positive atmosphere … Read more
