Cryptocurrencies saw a rise early on Tuesday, though there was a significant air of caution. This sentiment reflected the ongoing concerns regarding the forthcoming Federal Open Markets Committee meeting on Wednesday, coupled with a surge of profit-taking activities. Lack of clarity regarding the terms of the U.S.-Iran agreement also dampened the relief rally. Bitcoin fluctuated … Read more
The cryptocurrency markets saw a rise as the temporary peace agreement between the U.S. and Iran eased global risk aversion, triggered a short squeeze, and improved overall market sentiment. However, decisions regarding monetary policy, along with other factors, from the Bank of Japan, Federal Reserve, and Bank of England have limited substantial advancements. Bitcoin experienced … Read more
Bitcoin climbed to its highest level in nearly two weeks after the US and Iran said they reached an agreement to end hostilities and reopen the Strait of Hormuz. The original cryptocurrency rose nearly 3 per cent in early Asia trading Monday and was around $65,400 at 9:30 a.m. in Singapore. Ether, the second-largest token, … Read more
XRP has experienced consistent involvement from institutions in its ETF offerings for five consecutive weeks, whereas Bitcoin and Ethereum face challenges with ongoing negative flows. Despite the ongoing market volatility affecting the price of XRP, the downtrend has had minimal effect on its ETF performance, indicating that institutional investors remain steadfast. The trend has shown … Read more
Heightened hopes for a peace agreement between the U.S. and Iran lifted sentiment in the crypto market. The agreement is expected to extend the truce and ease the restrictions in the Strait of Hormuz. The decline in crude oil prices, along with the softness of the U.S. dollar, has enhanced sentiment towards digital assets. However, … Read more
Following news of a security breach in the Humanity Protocol, sentiment in the bitcoin market has declined. Anxiety hung in the air as Wednesday morning approached, bringing with it the release of the U.S. consumer price inflation readings. Bitcoin experienced a variation between $64,186 and $62,410 in the past 24 hours. Overall, the capitalisation of … Read more
Despite a minor rebound from recent lows, XRP remains one of the weakest large-cap assets in the market. The asset experienced a sharp decline after slipping beneath the significant $1.30 support level, momentarily reaching the $1.05-$1.10 range before attracting buyers. Despite XRP’s recent bounce back to $1.12, the overarching trend remains decidedly negative. XRP is … Read more
The bitcoin ETF bleed has permeated the entire crypto landscape. U.S. spot bitcoin funds experienced a significant outflow of $396.60 million on Wednesday, marking the continuation of a record streak with 13 consecutive sessions of withdrawals. This brings the total outflow to $4.37 billion since mid-May, as ether, solana, and XRP products also joined the … Read more
Significant outflows from Bitcoin Spot ETF products listed in the U.S. and the closing of long positions in crypto have revealed a clear negative sentiment in the cryptocurrency markets. Bitcoin has seen a drop, hitting a 4-month low of $61,336 in the past 24 hours, as the total cryptocurrency market capitalisation has decreased to $2.17 … Read more
Cryptocurrencies have experienced a downturn in the last 24 hours, influenced by notable ETF movements and the worsening geopolitical climate in the Middle East, leading to a considerable wave of liquidations. The negative sentiment generated by Strategy Inc’s Bitcoin sales, along with a significant transfer from a large Mt. Gox wallet, continued to impact sentiment … Read more