U.S. President Donald Trump called on lawmakers to advance the Clarity Act on Wednesday, while also suggesting the possibility of increased government acquisition of bitcoin. Following a meeting with cryptocurrency executives at the White House, President Trump stated that the successful passage of the Clarity Act would ensure the United States maintains its competitive edge … 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
Cryptocurrencies continue to trade within a narrow range on Thursday, despite global markets responding positively to the softer producer price inflation figures from the U.S. and the drop in global crude oil prices. The sentiment in the crypto market appeared to diverge from the tech-heavy Nasdaq, which has rallied close to a percent. The decline … Read more
Recent reports suggesting that the U.S. and Iran were nearing an agreement to resolve the Middle East conflict did not manage to bolster sentiment in cryptocurrency markets early on Tuesday. The decline in crude oil prices, the easing in bond yields, and the greenback’s retreat did not suffice to lift cryptocurrencies into an overnight positive … Read more
Despite the disappointment regarding the postponement of the Clarity Act’s Senate vote until September, cryptocurrencies are exhibiting a robust trading performance. Crypto markets have also dismissed concerns ahead of the release of the monthly jobs data from the U.S., which could notably impact the Fed’s monetary policy decisions. Overall crypto market capitalisation has risen by … Read more
Cryptocurrencies are currently trading below the flatline, reflecting the influence of ongoing global market dynamics. These markets are affected by new concerns related to artificial intelligence, alongside a resurgence of optimism regarding a potential shipping agreement for the Strait of Hormuz. Overall crypto market capitalisation has declined from the previous day’s close, while Bitcoin has … Read more
Wall Street’s robust rally to commence August had a significant impact on crypto markets, resulting in an increase in overall crypto market capitalisation. Amidst a surge of approximately 1.8 percent in Wall Street’s tech-heavy Nasdaq Composite Index, the crypto market capitalisation has risen by nearly one percent. Bitcoin has reached a 24-hour peak of $63,910 … Read more
A major selloff in the semiconductor industry has lowered confidence in the cryptocurrency market, adding to the growing anxiety ahead of the FOMC decision that is scheduled to be revealed on Wednesday. Sentiment was also impacted by waning hopes that the Clarity Act would be passed before the Senate’s summer break in August. Overall cryptocurrency … Read more
Geopolitical risks to global energy supplies, alongside concerns regarding AI-related capital expenditures, continued to dominate the narrative for global markets. This backdrop unfolded amid an intensifying U.S.-Iran conflict and a significant sell-off in the technology sector on Wall Street on Thursday. Brent Crude closed above $100 on Thursday, while the tech-heavy Nasdaq Composite experienced a … Read more
Ongoing capital rotation for Bitcoin and other risky assets is igniting a new leap in the market, backed up with incoming regulatory wins. Stakeholders in the United States anticipate that the Clarity Act will draw long-term investment, subsequently influencing other jurisdictions. This week witnessed a halt in flash sales by bear traders as cryptocurrency assets … Read more
