A recent report indicated that Ethereum concluded Q3 with 43.8 million ETH staked, representing nearly 36% of the total supply, following an influx of almost 2 million tokens into staking during that quarter. Despite this being the sixth consecutive quarter of growth in this metric, the annualised staking yield has experienced a consistent decline, decreasing … Read more
This week, the correction that commenced in early October persisted, resulting in ETH concluding 2% lower. While this is a modest decline, the price has reached the $2,400 support level, which seems to be maintaining its position at the time of this observation. There exists apprehension within the market, and should the critical support level … Read more
Ethereum’s recent recovery has experienced a significant reversal, bringing the price back to around $2.4K and maintaining a bearish breakdown as the predominant outlook. Escalating tensions between Iran and the US introduce a potential risk-off headwind; however, their influence on ETH appears speculative rather than a definitive cause of the decline. On the daily timeframe, … Read more
The usual weekend lethargy was momentarily interrupted in recent hours, as BTC experienced a decline of a significant amount before swiftly recovering, resembling a flash crash. The altcoins exhibited similar behaviour, with numerous assets undergoing even more pronounced volatility during a relatively tranquil weekend. However, further fluctuations are anticipated on Monday. The business week commenced … Read more
A significant drop in anticipated rate hikes from the Federal Reserve contributed to a recovery in crypto markets, pushing Bitcoin to a 24-hour peak of $82,539. The dollar’s retreat and a decline in crude oil prices have bolstered sentiment in the crypto market, resulting in an increase of over 1.5 percent in overall market capitalisation … Read more
Consumer price inflation readings from the U.S. released on Wednesday morning exceeded expectations, leading to a decline in sentiment within the cryptocurrency market. Overall market capitalisation has decreased by nearly half a percent overnight, while the market leader Bitcoin fluctuated between $84,049 and $82,283. The U.S. Bureau of Labour Statistics released the consumer price inflation … 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
Bitcoin experienced a rally as global markets responded positively to the reduction in geopolitical tensions in the Middle East. Markets responded positively to President Donald Trump’s remarks indicating that the U.S. would refrain from military action against Iran prior to the midterm elections, characterising the discussions as constructive. Overall crypto market capitalisation experienced a slight … Read more
Sentiment deteriorated in cryptocurrency markets in the wake of a severe bond selloff and an increase in crude oil prices. Overall crypto market capitalisation experienced a decline of approximately one percent over the past 24 hours, with Bitcoin falling below the $82,000 mark during the same period. The total liquidations over the past 24 hours … Read more
The cryptocurrency market has experienced a significant downturn, with Bitcoin falling below $83 thousand as a result of a substantial liquidation cascade. The past 24 hours saw long positions being forcibly liquidated in response to a rise in bond yields, a rebound in the dollar, and an increase in expectations for Fed rate hikes. Crypto … Read more
