Month: January 2023

Bitcoin’s Modest Rally Sends Crypto-Related Stocks Sharply Higher

boss

With most of the miners having begun the year priced as if they will follow peers Core Scientific (CORZ) and Argo Blockchain (ARBK) into either bankruptcy protection or some other form of restructuring, bitcoin’s modest advance is having a big effect on Monday. Marathon is higher by 24% and the company formerly known as Riot Blockchain, Riot Platforms (RIOT), is up 18.5%. Hut 8 (HUT), Hive Blockchain (HIVE), and Bit Digital (BTBT) are all ahead more than 20%. While up just 4.6% Monday, Argo has quadrupled in value since agreeing…

This Sub-$1 Billion Crypto Is Leading Market Gains, Here’s The Reason

The crypto market is in another full recovery mode and bitcoin has since crossed the elusive $17,000 price level. However, while the largest digital assets in the space are seeing a lot of green, one underdog is taking the space by storm. GALA is right at the top of the list of gainers for the past 24 hours, surpassing second-place Zilliqa (ZIL) by a considerable margin. Why Is GALA Pumping So Much? In the early hours of Monday, Gala Games took to Twitter to announce a new partnership. The blockchain…

SOL up 22% as ADA Hits Highest Point Since November – Market Updates Bitcoin News

boss

Solana surged by as much as 22% on Monday, as bullish sentiment returned to cryptocurrency markets. The move saw the token climb to its highest point since November, when it was embroiled in the FTX collapse. Cardano also moved higher to start the week, climbing by nearly 13%. Solana (SOL) Solana (SOL) was one of Monday’s big movers, as prices of the token rose by as much as 22%. SOL/USD surged to an intraday high of $16.62 to start the week, which comes less than 24 hours after trading at…

Cardano Follows Sentiment, Why ADA Could Become Top 3 Coin

boss

Cardano (ADA) follows the market’s general sentiment and records positive price action on a low timeframe. The cryptocurrency has been trading heavily since the sector took another dive into its current levels, but there is light at the of the tunnel. Cardano (ADA) trades at $0.32, with a 12% rally in the last 24 hours. Over the previous week, the token records a 29% profit and stands as the best-performing crypto asset for this period. Other cryptocurrencies in the top 10 are seeing similar price action.  ADA’s price with bullish…

Top 5 Crypto To Watch As CPI Data Is Released This Week

boss

The crypto market has been very bullish in the past week as the turn of the year sparked positive investor sentiment for the industry, especially to our top 5 crypto to watch this week. Since January 1st, the total market cap of crypto rose by 8.25% which shows a complete reversal of investor sentiment on the market.  As market optimism grows for an economic soft landing, crypto is poised for a recovery after a year of complete disaster. The market was devastated after multiple high-profile collapses, leaving investors as the…

Signature Bank Downgraded at Jefferies Due to Shrinking Crypto Business

Shrinking crypto deposits by $8 billion to $10 billion and replacing them with wholesale borrowings costing around 4.25% will drive a significant reset in net interest margin in the coming quarters, said Usdin. While management plans to pay down some borrowings with core deposit growth, it will take some time for the bank’s other businesses to generate that growth, according to his report. Source

Ethereum Volatility Drops To Level Seen Only Thrice Before

boss

On-chain data shows that Ethereum realized volatility has now declined to rare levels observed only three times before in history. Ethereum 1-Month Realized Volatility Has Plummeted To Just 39.8% As per data from the on-chain analytics firm Glassnode, the month of December 2022 was historically quiet for both Ethereum and Bitcoin. The “realized volatility” is an indicator that measures the standard deviation of daily returns from the mean for the market in question. The indicator is usually taken over a rolling window, with the one-week and one-month versions being generally…

Uncertainty Surrounds Federal Reserve’s Future Plans for Rate Hikes – Bitcoin News

boss

The U.S. Federal Reserve has raised the benchmark bank rate seven times during the course of 2022, leading many to question when the central bank will cease or change course. The Fed has stated that it aims to bring inflation down to the 2% target, and the increases to the federal funds rate are intended to move toward this goal. However, Zoltan Pozsar, a U.S. macroeconomist and observer of the Fed, predicts that the central bank will start quantitative easing (QE) again by summer. Bill Baruch, an executive at Blue…