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
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
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
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
The week began well for the spot exchange-traded funds that track Ripple’s cross-border coin, reaching a new all-time high in terms of total net inflows. However, in the days that followed, a well-known and rather concerning situation recurred. Simultaneously, the HYPE ETFs have ended their streak and found themselves significantly in the red for a … Read more
Cryptocurrencies experienced a significant decline over the past 24 hours, coinciding with heightened tensions in the Middle East and the breakdown of the U.S.-Iran ceasefire. Anxiety ahead of the release of the FOMC minutes on Wednesday further dampened sentiment. Bitcoin fluctuated within a range of $64,189 to $61,639 over the last 24 hours. The bearish … Read more
