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
Amidst a confluence of several bullish factors that converged on an otherwise muted market environment, cryptocurrency markets experienced an impressive surge. The liquidity boost announced by the U.S. Treasury Department has been met with enthusiasm in the crypto markets, alongside significant inflows into U.S.-listed Bitcoin Spot ETF products. Additionally, a renewed initiative from the White … 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
This week, Ethereum maintained its position around the crucial support level of $1,800, experiencing a slight decline of 2%. While this places sellers in a more advantageous position, they must breach the support level to seize the initiative. The current ETH price action indicates notable weakness following the establishment of a lower high just beneath … Read more
The cryptocurrency market capitalisation experienced a slight decline over the past 24 hours, as market participants responded to the consumer price inflation data for July from the U.S., which aligned with market expectations. Positive inflows to U.S.-listed Bitcoin Spot ETF products mitigated losses. Overall crypto market capitalisation has contracted by more than a quarter percent … 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
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
Despite a brief foray into positive territory following several days of heightened volatility, XRP has retraced to levels not observed earlier this month. In the wake of this significant price decline, market sentiment is shifting toward a bearish outlook, with traders progressively losing confidence in a short-term recovery. In light of the significant deceleration in … Read more
Sentiment in the cryptocurrency markets showed signs of improvement as participants responded to indications of a potential peace agreement between the U.S. and Iran. The decline in crude oil prices that ensued, the inflows into U.S.-listed Bitcoin Spot ETF products, along with disappointing labour market data from the U.S., contributed to an improvement in crypto … Read more
The resurgence in cryptocurrency markets over the past 24 hours has not been stopped by the deepening selloff in semiconductor stocks, the escalating violence in the Middle East, the jump in crude oil prices, or the Fed’s eagerly anticipated interest rate announcement. Crypto markets exhibited resilience amid the chip selloff and the prevailing anxiety surrounding … Read more
