On Wednesday, cryptocurrencies experienced a significant rebound, boosting market capitalization by over 6 percent in just one night. The surge follows remarks from U.S. Securities and Exchange Commission Chairman Paul Atkins regarding the potential for an innovation exemption for the cryptocurrency sector within the next month. The recent move by asset manager Vanguard to permit … Read more
Sentiment has declined in cryptocurrency markets as fresh worries about the Fed’s monetary policy direction arise, fueled by unexpectedly robust jobs data from the U.S. The notable decline, along with considerable withdrawals from Bitcoin Spot ETF products on Thursday, further unsettled market sentiment. Data indicating that non-farm payrolls increased by 119 thousand in September, showing … Read more
Cryptocurrencies faced downward pressure due to macro uncertainties and diminishing expectations for rate cuts. Market leader Bitcoin experienced a decline to $92,971 before making a recovery. Ethereum saw a decline, hitting a low of $3,007. The overall market capitalization reached a 24-hour low of $3.17 trillion. Significant outflows from Bitcoin Spot ETF products in the … Read more
Cryptocurrencies have seen a downturn as the markets reacted to the continuing crypto-related tensions between the U.S. and China. Worries about the latest stablecoin regulations issued by the Bank of England have influenced market sentiment. The total value of the crypto market has dropped by more than a quarter percent in the past 24 hours. … Read more
The significant spike observed in cryptocurrencies the previous day, driven by excitement over a resolution to the U.S. government shutdown and expected liquidity influx, turned out to be fleeting. The cryptocurrency market capitalization has experienced a drop of more than one percent in the past 24 hours, as markets assess the progress in addressing the … Read more
Cryptocurrencies experienced another volatile session, plunging into the red as bond yields continued to rise. This shift comes alongside a moderation in expectations for Fed rate cuts, a strengthening dollar, an increase in gold prices, and a tech sell-off driven by concerns over inflated equity market valuations. The unprecedented duration of the U.S. government shutdown, … Read more