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Fed and MIT's CBDC research: Distributed Ledger tech has ‘downsides’
4.2.2022
The researchers published results from “Project Hamilton,” which was first announced in 2020 to explore the use of existing and new tech to build and test a hypothetical CBDC platform
Canadian Bitcoin ETF sees its third-biggest daily inflow ever
3.2.2022
Purpose Bitcoin ETF attracted over 1,000 BTC in inflows on Tuesday, its third-largest daily inflow since launch
The US Federal Reserve is making some analysts bullish on Bitcoin again
3.2.2022
Recent U.S. economic data could spoil the Fed's hawkish plans for 2022
India Announces Upcoming Launch of Central Bank Digital Currency, Digital Rupee, to Be Issued by RBI
2.2.2022
The Indian government has announced the upcoming launch of the country’s central bank digital currency. The digital rupee will be issued by the Reserve Bank of India (RBI) in the financial year 2022-23, Indian Finance Minister Nirmala Sitharaman said during her budget speech. RBI’s...
Can Ethereum price reach $4K after a triple-support bounce?
1.2.2022
A combination of multiple support levels, including a 21-month exponential moving average, helped ETH price rebound by nearly 30% from its local bottom
Indian parliament's agenda includes crypto training session, leaves out bill banning digital assets
31.1.2022
The Cryptocurrency and Regulation of Official Digital Currency Bill does not appear as one of the 15 bills the government body will consider during its next session
Bottom ahead? Solana paints its first 'death cross' as SOL losses 50% in January
31.1.2022
Recently, death crosses between the 50-day and 200-day exponential moving averages have acted as a reliable predictors of bottoms
Ethereum price risks dropping to $2K on 'bear flag' setup
31.1.2022
The bearish outlook appears against the backdrop of the Federal Reserve's tightening policies
Goldman Sachs Warns Bitcoin Increasingly Vulnerable to Fed Rate Hikes as Mainstream Adoption Grows
31.1.2022
Global investment bank Goldman Sachs has warned that bitcoin is increasingly vulnerable to the Federal Reserve’s rate hikes as the cryptocurrency grows more widely adopted. “Over the last two years, as bitcoin has seen wider mainstream adoption, its correlation with macro assets...
Low Real Interest Rates Support Asset Prices, But Risks Rising for Market
30.1.2022
Nassira Abbas is a deputy division chief in the Global Markets Monitoring and Analysis Division of the Monetary and Capital Markets Department at the International Monetary Fund (IMF). Tobias Adrian is the Financial Counsellor and Director of the IMF’s Monetary and Capital Markets...
JPMorgan Lowers Its Bitcoin Fair Price Estimate to $38K Amidst Volatility
29.1.2022
Leading investment bank JPMorgan has changed its view on the estimate of bitcoin’s price on a long-term basis. The institution had estimated a long-term price of $146K back in November when bitcoin was over $60K. One of the most important reasons for this change has to do with the increased...
Terra (LUNA) at risk of 50% drop if bearish head and shoulders pattern plays out
28.1.2022
LUNA price is at risk of further downside, but analysts point to a possible rebound as the altcoin tests a reliable, multi-month moving average as support
Bitcoin to Hit USD 93K This Year, According to Less Optimistic Survey
28.1.2022
Bitcoin (BTC) could rise to a high of USD 93,000 or more this year, and close to USD 193,000 by the end of 2025, a panel of industry players gathered by comparison website Finder predicted. However, they were less optimistic than in October.
By averaging out responses from the panelists, Finder...
BTC Dips as Federal Reserve Prepares for Interest Rate Surge
28.1.2022
Bitcoin recently dipped in market value as the Federal Reserve confirmed what everyone has been speculating for over a month. The central bank recently announced that it would increase the US interest rates from March. Similar to other financial tools, the largest crypto in the market suffered from...
Bitcoin 'Doji' points to bullish reversal scenario as BTC holds $36K support
28.1.2022
BTC is more than 50% down from its $69,000 all-time high and traders seem to have no clue about the digital asset’s next direction
Bitcoin ‘gives back gains’ after Fed comments ‘add downside risks’ to crypto markets
27.1.2022
Analysts foresee prolonged weakness in BTC and altcoins following hawkish comments from the Federal Reserve
Bitcoin, Ethereum Technical Analysis: BTC Prices Shaken as Fed Keeps Rates Unchanged
27.1.2022
Cryptocurrency markets were volatile on Thursday as traders appeared to react to the Federal Reserve’s decision to keep interest rates unchanged. Bitcoin and ethereum both saw price uncertainty, as markets now expect a March hike. Bitcoin After making a run towards the $40,000 resistance...
Rebase Market Carnage: TIME Slips 61%, Wonderland Admin Allegedly Co-Founded Quadrigacx
27.1.2022
While reserve-based crypto assets like gold tokens and stablecoins have been able to weather the crypto market carnage over the last two weeks, rebase tokens like wonderland (TIME), and Olympus (OHM) have seen massive losses. Wonderland is down more than 96% since the crypto asset’s all-time...
Crypto Markets Trim Losses, US Dollar Rises as Traders Digest Fed Statement
27.1.2022
Major cryptoassets including bitcoin (BTC) and ethereum (ETH) trimmed some of their losses from the aftermath of yesterday’s US Federal Reserve statement, with prices rising during the European trading hours on Thursday. Meanwhile, the US dollar extended a rally from earlier, breaking through...
Precious Metals, Cryptocurrencies, Stock Markets Falter Following Powell’s Rate Hike Statements
27.1.2022
Equities, crypto markets, and precious metals did well during the early morning trading sessions on Wednesday, just before the U.S. central bank wrapped up its Federal Open Market Committee (FOMC) meeting. While the Fed said in a statement that the benchmark interest rate would rise soon,...