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Tag: Markets
This Week’s NFT Sales Slide, Bored Ape Market Cap Drops 21%, Floor Prices Sink Lower – Markets and Prices Bitcoin News
Non-fungible token (NFT) sales this week dropped 10.88% lower than the week prior. Roughly $118.02 million worth of NFTs were sold this week compared to last week’s $132.43 million. Further, the top two NFT collections with the largest market capitalizations shed significant value during the past seven days. While Bored Ape Yacht Club’s market valuation lost 21.29%, Cryptopunks’ market cap slid by 19.18%. NFT Sales and Prices Nosedive NFTs had a lackluster week as sales and prices have followed in sync with falling crypto asset prices. Statistics show that a…
Guggenheim’s Scott Minerd Discusses ‘Greatest Investing Opportunity’ — Warns Stocks Vulnerable to Further Declines – Markets and Prices Bitcoin News
The chief investment officer of asset management firm Guggenheim, Scott Minerd, says that the current market has delivered “the greatest investing opportunity of a generation.” He also warned about some investments that he expects to decline further. Guggenheim’s Scott Minerd on ‘the Greatest Investing Opportunity of a Generation’ The chief investment officer (CIO) of Guggenheim Partners, Scott Minerd, shared what he believes to be the best investment under the current market and economic conditions in a series of tweets Monday. Minerd is also the chairman of Guggenheim Investments, the global…
Market Wrap: Markets Wait for Fed to Officially Announce What It Has Signaled for Weeks
Absent a huge surprise, markets are expecting interest rates to increase by 75 basis points. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets. Source
Trading App Robinhood Markets Adds USDC to Its Crypto Lineup
Robinhood has been slowly adding to its crypto options for retail investors. Source
XRP, Ether Lead Recovery in Crypto Majors as Markets Prepare For Outsized Fed Hike
Bitcoin (BTC), Cardano’s ADA, and ether (ETH) rose over 4%, while memecoins dogecoin (DOGE) and shiba inu (SHIB) increased a nominal 2%. Ethereum Classic (ETC) slid 15% as the hype around its revival tapered off, while overall crypto market capitalization added 3.4% after falling yesterday to $930 billion for the first time since July. Original Source CryptoEtherFedHikeLeadMajorsMarketsOutsizedPrepareRecoveryXRP CryptoX Portal
Terra Co-Founder Do Kwon’s Legal Troubles Unlikely to Affect Broader Crypto Markets, Analysts Say
“In my opinion, Terra doesn’t present systemic risks to the broader crypto markets, especially with regard to investments in the sector,” Victor Young, software architect at blockchain network Analog, told CoinDesk, pointing to the overall perception of cryptocurrencies remaining positive among investors. Source
Markets Trade Lower Despite Success of Ethereum Merge
● Bitcoin (BTC): $19,823 −0.4% ● Ether (ETH): $1,505 −5.6% ● CoinDesk Market Index (CMI): $990 −1.9% ● S&P 500 daily close: 3,901.35 −1.1% ● Gold: $1,674 per troy ounce −1.3% ● Ten-year Treasury yield daily close: 3.46% +0.05 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Source
Ethereum Merge Brings ‘Sell-the-Fact’ Price Move in Crypto Markets
“ETH peaked at $2,000 one month ago and has seen a sharp drop today once the Merge was deemed successful. The market had priced in a successful Merge, and so far, this seems to have come to fruition,” Marc Arjoon, a research associate at CoinShares, said. Source
Crypto Unit of Japan’s SBI Wins Capital Markets License in Singapore
SBI Digital Markets, a subsidiary of the digital asset arm of Japan’s financial services giant SBI Holdings, has been granted a Capital Markets Services (CMS) license to offer securities and futures trading services in Singapore, according to a Thursday announcement. Source