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Bitcoin’s Meteoric Rise to $35,000 Erases $232M in Short Positions in Just 24 Hours
24.10.2023
On October 24, 2023, bitcoin (BTC) experienced a robust 13% surge during the early morning trading hours, Eastern Time (ET). This rise catapulted bitcoin’s value to $35,108 per unit, propelling the entire cryptocurrency market upwards by over 10%. As the market soared, traders who had placed...
Bitcoin Soars as Blackrock Moves Closer to Launching Spot Bitcoin ETF
24.10.2023
Blackrock is moving forward with the process of bringing its spot bitcoin exchange-traded fund (ETF) to market. The world’s largest asset manager has secured a ticker symbol and a CUSIP number for its forthcoming spot bitcoin ETF, which is now listed on the Depository Trust and Clearing...
Ether Prices Reach A 2-Month High As Crypto Markets Experience Broad Rally
24.10.2023
Source: Pexels
Ether prices climbed today, rising to their loftiest value in more than two months as the digital currency markets enjoyed widespread gains.
The digital token, which is the native asset of the Ethereum network, rose to roughly $1,850 earlier tonight, according to Coinbase data...
Bitcoin, Ethereum Technical Analysis: BTC Closes in on $31,000 as S&P 500 Plunges to 4-Month Low
23.10.2023
Bitcoin started the week surging towards the $31,000 level, as the S&P 500 fell to a four-month low. Momentum in crypto markets has remained mostly bullish in recent days, following speculation on upcoming exchange-traded fund (ETF) approvals by the United States SEC. Ethereum rose above...
Morgan Stanley: Crypto Winter May Be Over, Crypto Spring ‘Likely on the Horizon’
22.10.2023
Global investment bank Morgan Stanley believes that “crypto winter may be in the past and that crypto spring is likely on the horizon.” An analyst at the bank explained that historically, most of bitcoin’s gains come directly after a halving event that occurs every four years. Morgan...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Marginally Lower as Traders Secure This Week’s Profits
21.10.2023
Bitcoin traded around the $30,000 region to start the weekend, as markets remained optimistic that an ETF approval could be looming. This has been the topic of the week, with many speculating how high crypto markets could surge on such potential news. Ethereum slipped from Friday’s peak....
How Economic Policy and Geopolitical Uncertainty Could Affect Crypto Markets
20.10.2023
Absent regulatory approval of spot Bitcoin ETFs, the leading cryptocurrency is likely to remain a speculative asset rather than a true safe-haven asset
'Long Big Tech' Remains the Most Crowded Trade, BofA Fund Manager Survey Shows
20.10.2023
This has repercussions for the crypto market, not necessarily good ones, one observer said
Biggest Movers: SHIB, DOGE Fall, as Crypto Markets Consolidate
18.10.2023
Meme coins were one of the biggest casualties of Wednesday’s price consolidation, falling by as much as 2% in today’s session. The decline comes as a result of profit taking, following strong gains to start the week. Shiba inu and dogecoin remain in the red, as of writing. Shiba Inu (SHIB) Shiba...
Biggest Movers: TON Hovers Above $2, ADA Bears End 4-Day Winning Run
17.10.2023
Toncoin rose for a third straight day on Tuesday, despite crypto markets mostly stalling in today’s session. At the time of writing, the global market cap is up 0.02%, as traders move to secure Monday’s gains. Cardano was in the red, following a four-day bull run. Toncoin (TON)...
Bitcoin Surges on Fake Blackrock ETF Approval News: Misinformation Ripples Through Crypto Markets
16.10.2023
On a bustling Monday, the cryptocurrency-focused news platform Cointelegraph broadcasted that the U.S. Securities and Exchange Commission (SEC) had given the green light to Blackrock’s Ishares spot bitcoin exchange-traded fund (ETF). The unverified news spread like wildfire, and in its wake...
Defi Not a Risk to Financial Stability Yet, EU Securities Regulator Reports
13.10.2023
Decentralized finance (defi) brings risks for investors but is yet to pose “meaningful risks” to financial stability, according to Europe’s securities watchdog. The agency believes, however, the phenomenon deserves attention in light of the EU’s new crypto rules as well as growing user base and...
Here’s How the Latest Hot US CPI Numbers Impacted Crypto Markets
12.10.2023
Hotter-than-expected US Consumer Price Index (CPI) inflation numbers did little the shift sentiment in the crypto market on Thursday.
Bitcoin (BTC) was last trading just under $26,700, just to the north of its 50-Day Moving Average (DMA), which appears to be offering support for now, but still...
Bitcoin Is Fundamentally Different From Other Cryptocurrencies: Fidelity Digital Assets
11.10.2023
The crypto’s technological breakthrough was not as a superior payment method but as a superior form of money, the report said
Israeli Shekel Hits 7-Year Low Amid Conflict; Central Bank Launches $30B FX Intervention
10.10.2023
On Monday, as tensions escalated between Israel and Hamas militants from the recent weekend skirmishes, the Israeli shekel plummeted to its weakest level in seven years. Responding to the declining currency, the Bank of Israel unveiled a strategy to offload up to $30 billion in foreign exchange...
Crypto Market Stable, Oil Prices Surge as Hamas Attack on Israel Jolts Markets
9.10.2023
The U.S. pre-market futures slid Monday morning, while stock indexes in Asia slumped
FTX’s $3.4B crypto liquidation: What it means for crypto markets
29.9.2023
Bankrupt crypto exchange FTX has been approved to liquidate nearly $3.4 billion worth of crypto assets, creating a sense of panic among crypto investors, but experts say the phased liquidation schedule will ensure market stability
Tether stability tested as crypto markets face ongoing volatility
29.9.2023
Tether, a leading stablecoin in the cryptocurrency market, faces a stability test amid industry volatility. Stablecoins like Tether remain stable by pegging to assets like the US dollar, making them popular among traders and investors seeking reliability during turbulent times. While...
Bitcoin, Ethereum Technical Analysis: ETH Moves to 1-Week High, as BTC Consolidates Recent Gains
28.9.2023
Ethereum climbed to a fresh one-week high on Thursday, as bulls kept price above a key resistance level. The move comes despite cryptocurrencies mostly consolidating in today’s session, following Wednesday’s rally. Bitcoin was marginally lower, retreating from recent gains. Bitcoin...
Trader Says Bitcoin and Crypto Markets Need ‘Chaos’ for Price Growth
28.9.2023
The crypto sector could need banking problems or uncertainty about the solvency of governments to generate sustainable growth momentum