EUR/USD: Markets Await ECB and Fed Meetings ● If the US economy is growing, investors buy up dollars to invest in the US stock market. As a result, the DXY Dollar Index rises. But as soon as the dark shadow of an impending recession falls over the rosy picture, the countdown begins. Moreover, an economic…
Bitcoin’s price collapsed on Friday below $53,000, reaching its lowest level since the “Black Monday” following macroeconomic shakeups in early August. The collapse appears to have fully corroborated the prediction of BitMEX co-founder Arthur Hayes, who believes there could still be more pain to come for crypto holders. Bitcoin traded for $56,925 at 1:25 PM…
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By Alex Kuptsikevich Market Picture The pressure on risk assets continues, pushing the crypto market capitalisation back below the bi milestone $2 trillion. This level acted as resistance in early February and support since May, except for a brief dip in early August. The horizontal correction pattern risks turning into a downtrend if the market…
The price of the flagship cryptocurrency Bitcoin ($BTC) has been steadily falling over the last few days after hitting a $64,000 high late last month. It’s now trading at $56,00 but, according to one popular analyst, it could soon surge to surpass the $130,000 mark. According to a post published by cryptocurrency analyst MetaShackle on…
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In Sept. 2024, data revealed that the top ten layer one (L1) blockchains hold a combined value of $1.66 trillion, a significant chunk of the $2.03 trillion crypto economy. This year, Bitcoin and Ethereum, the two biggest L1 chains, hit all-time highs in daily confirmed transactions. Yet, despite their progress, BTC and ETH still lag…
Bitcoin (BTC) is the first cryptocurrency that spawned a number of other crypto projects, also known as altcoins. It was initially the first of a new kind of asset, a decentralized form of digital cash that eliminates the need for traditional intermediaries like banks and governments. With time, it became prominent and its price reflects…
One Bitcoin investor cohort has unloaded tens of billions of dollars worth of BTC in a matter of weeks, according to a popular crypto analyst. The trader Ali Martinez tells his 70,100 followers on the social media platform X that short-term holders (STHs) have offloaded 642,366 BTC worth $36.434 billion since mid-August. “While many aspire…
Bitcoin’s price fell over 2.7% to $57,500 on Tuesday, reversing Monday’s bounce. The losses came after the U.S. ISM manufacturing PMI printed below 50, indicating a continued contraction in the activity in August. The data revived growth fears, weighing over risk assets, including cryptocurrencies. Source link