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
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
Cryptocurrencies experienced a rebound early on Friday, coinciding with a halt in the bond selloff and a decrease in crude oil prices. Crude oil price benchmarks have both experienced a decline of over one percent, influenced by reports indicating that the U.S. and Iran were considering a phased agreement to reopen the Strait of Hormuz. … Read more
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
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
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
