Digital assets have regained $3 trillion in market value for the first time since January, following Bitcoin’s remarkable rally. However, traders are increasingly engaging in leveraged bets in perpetual futures, which heightens the risk of swift price fluctuations. The market has seen an increase of over $740 billion in value following the US Treasury’s announcement … 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
Open-source artificial intelligence facilitates the concealment of malicious code on blockchains, thereby introducing a new challenge for an already beleaguered crypto industry facing escalating cybercrime. According to a report released on Thursday, there has been a staggering 440% increase in instances of malware instructions embedded within on-chain transactions and smart contracts over the past year, … 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
President Donald Trump had been receiving clear signals for weeks regarding the comprehensive cryptocurrency legislation being drafted in the Senate: to ensure its passage, he would need to consent to ethics provisions that would also pertain to him. Initially, Trump consented to a provision that would prohibit him and his spouse from creating the kinds … Read more
Cryptocurrency markets were encouraged by dwindling predictions of a quarter-percentage rate hike by the Federal Reserve in the FOMC decision to be published on September 16. The easing in global bond yields, the U.S. dollar’s retreat, and hopes for favourable regulatory measures in the U.S. contributed to the increase in cryptocurrency prices. Overall cryptocurrency market … Read more
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 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
