Crypto commenced October following a robust performance in the third quarter, despite experiencing some volatility in the latter weeks of September. Bitcoin experienced an increase of approximately 7% in September, while Ethereum saw a rise of around 7% as well. Solana exhibited superior performance compared to Bitcoin, as numerous large-cap altcoins experienced gains amidst Bitcoin’s … Read more
A weaker-than-expected jobs data report from the U.S. significantly diminished rate hike expectations from the Federal Reserve in the October FOMC, enhancing sentiment toward cryptocurrencies. Overall cryptocurrency market capitalisation has increased by 2.1 percent overnight, reaching $2.93 trillion. Bitcoin reached a peak of $87,146 within a 24-hour period. Data released by the U.S. Bureau of … Read more
Amidst renewed geopolitical tensions in the Middle East and a surge in crude oil prices, bond yields and the U.S. dollar that followed, cryptocurrencies have entered negative territory. Overall cryptocurrency market capitalisation has decreased by 1.4 percent overnight, now standing at $2.86 trillion, while Bitcoin has experienced overnight losses of 1.6 percent. Tensions escalated in … Read more
Bitcoin dropped below $83k in the past 24 hours as a significant bond market selloff dampened sentiment toward risk assets, including cryptocurrencies. Robust economic indicators from the United States, coupled with a surge in global crude oil prices, have reignited concerns regarding potential Federal Reserve rate hikes, leading to a selloff in U.S. bond markets. … Read more
Cryptocurrencies are experiencing a significant downturn on Tuesday morning as market participants anxiously await the Senate’s vote on the Clarity Act, set for Tuesday afternoon. The Fed’s impending decision on interest rates scheduled for Wednesday afternoon has also incited risk aversion within the cryptocurrency market. Among the top 10 non-stablecoin cryptocurrencies, only one is experiencing … Read more
Cryptocurrencies experienced a significant increase on Friday, as global markets responded positively to the dovish remarks from a Federal Reserve official, which highlighted the potential disinflationary trends within the U.S. economy. The repricing of Fed rate hike expectations, the easing in bond yields, the massive inflows to U.S.-listed Bitcoin and Ethereum Spot ETF products, as … Read more
The selling that ensued after U.S. airstrikes on Iran exhibited uneven distribution. Solana and Tron each experienced a decline of over 3% in the last 24 hours, whereas Bitcoin saw a reduction of approximately 1%. This disparity indicates that traders prioritised liquidating their more volatile positions while maintaining their investments in the foundational asset. Bitcoin … Read more
The cryptocurrency market capitalisation experienced a slight decline over the past 24 hours, as market participants responded to the consumer price inflation data for July from the U.S., which aligned with market expectations. Positive inflows to U.S.-listed Bitcoin Spot ETF products mitigated losses. Overall crypto market capitalisation has contracted by more than a quarter percent … Read more
Despite multiple attempts to reach higher levels, XRP remains under pressure; the asset is currently trading at approximately $1.08. The recent symmetrical triangle that had been forming throughout the second half of July has resolved to the downside, as indicated by the daily chart. Despite the breakdown not resulting in aggressive selling, it indicates that … Read more
Geopolitical risks to global energy supplies, coupled with concerns regarding AI-related capital expenditures, continued to dominate the narrative for global markets. This backdrop unfolded against the escalating U.S.-Iran conflict and a significant sell-off in technology stocks on Wall Street on Thursday. Brent Crude closed above 100 on Thursday, while the tech-heavy Nasdaq Composite experienced a … Read more
