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 a significant surge in the past 24 hours, driven by optimism surrounding a potential massive liquidity infusion through tariff dividends, which has positively influenced sentiment in the concrete advancements in resolving the U.S. government shutdown further bolstered market sentiment. In the last 24 hours, the overall cryptocurrency market capitalization saw a notable increase … 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
The cryptocurrency sector is set to produce approximately $20 billion this year, coming close to its 2021 peak. However, underneath these comparable headline figures, there exists a fundamental shift that has eluded the attention of crypto skeptics. In 2021, Ethereum represented more than 40% of the total onchain fees. During speculative frenzies, users found themselves … Read more
Cryptocurrencies encountered notable challenges as hopes for rate reductions were moderated, with the Fed contending with the difficulty of addressing ongoing inflation alongside a softening labor market. Uncertainty increased as the Fed’s consistently highlighted data-driven decision-making encountered obstacles due to the lack of data resulting from the current shutdown of the U.S. government. The total … Read more
The crypto market continues to exhibit weak sentiment, standing in stark contrast to the positive vibes on Wall Street, the rise in gold prices, and the strength of the U.S. Dollar. Unabated flows from Bitcoin spot ETF products in the U.S., alongside ebbing Fed rate cut expectations and reports of a crypto-related cybersecurity incident, have … Read more