In the minutes following the FOMC decision, the price of bitcoin (BTC) shot up 1.2% to $61,000 before paring gains. The largest cryptocurrency is down 0.5% over the past 24 hours. U.S. equities also jumped higher, with the tech-heavy Nasdaq up 0.8% and the S&P 500 gaining 0.6%. Gold was mostly flat below $2,600. Original
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Investors are getting ready for potential massive gains with these crypto coins this cycle: Ethereum, Intel Markets, and Solana. CoinShares data shows that crypto currency investment products saw their first reversal in a few weeks. This came after inflows reached $436m after around $1.2b in outflows. Thus, the crypto market is now rebounding. In this environment, traders are looking for crypto coins that could skyrocket. Ethereum (ETH), Intel Markets…
On-chain data shows the Dogecoin miners have been accumulating recently. Here’s what this could mean for the memecoin, based on past pattern. Dogecoin Miner Supply Has Been Going Up For A While Now In a new insight post, the on-chain analytics firm Santiment has talked about the role of the miners in the different cryptocurrency markets like Bitcoin and Dogecoin. The indicator of interest here is the “Supply held by Miners,” which, as its name suggests, keeps track of the total amount of tokens that the miners of a network…
Forget the Federal Reserve. The Bitcoin and crypto project news flow is ample (and fascinating) enough to keep us busy. We’ve got the rundown plus $80M of fundraisings. In CoinDesk’s weekly newsletter on blockchain tech. Source
The cryptocurrency market has been a hotbed of activity, marked by significant volatility and a flurry of new developments. Bitcoin (BTC), the leading digital currency, continues to dominate the market, but other cryptocurrencies like Ethereum (ETH), Ripple (XRP), and Litecoin (LTC) are also making significant strides. Bitcoin’s recent surge to new all-time highs has captured the attention of both retail and institutional investors. The growing acceptance of Bitcoin as a legitimate asset class is evidenced by major companies like Tesla (NASDAQ:TSLA) and MicroStrategy (NASDAQ:MSTR) adding Bitcoin to their balance sheets.…
The cryptocurrency market has seen significant volatility today, with major coins experiencing substantial price fluctuations. Bitcoin (BTC-USD) led the charge, initially surging by 5% in the early trading hours before retracting by 3% as the day progressed. This volatility has been attributed to various macroeconomic factors including inflation concerns and regulatory developments in key markets. Ethereum (ETH-USD) followed a similar trend, witnessing a 4% rise before settling at a 2% gain by the end of the day. Analysts suggest that the increased activity could be linked to upcoming updates in…
The U.S. Securities and Exchange Commission was hammered for two hours in a congressional hearing on Wednesday in which the witness list predominantly included agency critics, including former Commissioner Daniel Gallagher, who is now at Robinhood. Source
Ahead of the Federal Reserve meeting, markets weighed the expected rate cuts and how asset prices might react over the coming months. Of 114 economist opinions polled by Bloomberg, 104 experts predicted the Federal Reserve would cut funding rates by 25 basis points for the first time in four years, while nine analysts forecasted a 50 bps cut. According to QCP Capital, citing Fed Fund Futures pricing, market players saw a 66% chance of a 50 bps decision at the Federal Open Market Committee later on Wednesday, Sept. 18. Prospects…
Bitcoin’s market is currently experiencing a period of stagnation, characterized by minimal capital inflows and outflows. According to an onchain analysis from Glassnode, researchers highlight that this inactivity may lead to heightened volatility in the near future. Glassnode Analysis Warns of Potential Volatility Glassnode’s report with researchers Ukuria OC and Cryptovizart reveals that demand for […] Original
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…