Day: September 28, 2022

Bitcoin holds $19K, but volatility expected as Friday’s $2.2B BTC options expiry approaches

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This week the $20,000 resistance is proving to be stronger than expected and even after Bitcoin price rejected at this level on Sept. 27, BTC bulls still have reasons to not give up.  According to the 4-month-long descending triangle, as long as the $18,500 support holds, Bitcoin price has until late October to determine whether the downtrend will continue. Bitcoin/USD 1-day price index. Source: TradingView Bitcoin bulls might have been disappointed by the lackluster price performance as BTC has failed multiple times to break above $20,000, but macroeconomic events might…

Bank of England Suspends Tightening Policy as Pound Nosedives — Central Bank to Start Purchasing Long-Dated UK Government Bonds – Economics Bitcoin News

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Following the extremely volatile European markets during the past few days and the euro and pound dropping rapidly against the U.S. dollar, the Bank of England has decided to intervene in bond markets. U.K. government bond yields have been erratic and the pound sterling also dropped to a lifetime low against the greenback. On Wednesday, the Bank of England noted that it was monitoring the “significant repricing” of U.K. assets very closely. Bank of England Opens the Stimulus Flood Gates Again — Central Bank Intervenes in UK Bond Markets The…

ETHEREUM VAI VALORIZAR 500% SEGUNDO A EMPIRICUS

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ETHEREUM HOJE (ETH) ATUALIZAÇÃO BELLATRIX E THE MERGE – CUIDADO COM ESSA CRIPTOMOEDA Bitcoin hoje batendo 19 mil dólares e Ethereum caindo 10% após o THE MERGE Essa atualização do THE MERGE da criptomoeda Ethereum deu o que falar no mercado de criptomoedas esta semana O The Merge promete tornar a plataforma da Ethereum mais rápida e mais econômica no longo prazo Vinícius Bazan da Empiricus apareceu em alguns vídeos esta semana dizendo que segundo a sua tese, a criptomoeda Ethereum pode…

Pantera plans to raise $1.25B for second blockchain fund: Report

Dan Morehead, founder and CEO of Pantera Capital, reportedly said the hedge fund was planning to raise $1.25 billion for a second blockchain fund. According to a Sept. 28 Bloomberg report, Morehead said Pantera aimed to close the blockchain fund by May. The fund will reportedly invest in digital tokens and equity in an effort to appeal to institutional investors. “We want to provide liquidity for people that are kind of giving up because we’re still very bullish for the next 10 or 20 years,” said the Pantera CEO, according…

Why Is the Dollar Crushing Global Currencies if Inflation Is so Bad?

Meanwhile, what’s directly hammering dollar exchange rates is a more technical second-order impact of rising prices in the U.S. As Jerome Powell and the Federal Reserve raise interest rates to fight domestic inflation, American dollars and Treasury instruments become far more attractive investments. That’s part of why U.S. stocks are dropping, and the same dynamic is encouraging investors worldwide to swap from yen, euros, pounds and yuan into dollars to reap the 4% low-risk yield on the two-year Treasury bond. Source

Sam Bankman-Fried Eyes On Bidding For Celsius Assets

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Celsius Network is a cryptocurrency lending firm headquartered in New Jersey. Though it maintained its offices in four countries, the company’s operation was global. Celsius allowed users to deposit different crypto assets while offering a percentage yield as a reward. Also, customers could get loans from the platform through a pledge of some digital assets as securities. Many crypto-related firms were affected during the severe crypto winter in the first half of 2022. The collapse of the algorithmic stablecoin Terra and its ecosystem magnified the crisis in the crypto space.…

QNT Hits 6-Month High, ATOM Falls to 20-Day Low – Market Updates Bitcoin News

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While crypto markets were mostly lower on Wednesday, quant rallied to a six-month high earlier in the day. Today’s move came as the token broke out of a key resistance level, en route to its strongest point since March. Cosmos was another notable mover, dropping for a second straight session. Quant (QNT) Quant (QNT) rose to a six-month high on Wednesday, despite crypto markets mostly hovering in the red. Following a low of $122.08 on Tuesday, QNT/USD rallied to a hump-day high of $143.26 earlier in the day. The move…