Tag: Markets

Just Above $1 Trillion — Crypto Economy’s Value Slips Lower Than the Lows Recorded Last July – Markets and Prices Bitcoin News

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The $1.19 trillion crypto economy is now lower in value than the lows recorded in July 2021. During the last week, digital currencies like bitcoin, ethereum, caradano, and xrp, have shed significant value against the U.S. dollar, as the top cryptos have lost 50% to more than 80% from their all-time price highs. How Low Can the Crypto Economy Go? It hasn’t been a great week for crypto assets, as the top ten digital currencies are down between 4% to 15% during the last seven days. Bitcoin (BTC) has lost…

Bitcoin price threatens lowest weekly close since 2020 as inflation spooks markets

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Bitcoin (BTC) dropped to two-week lows on June 11 as the week’s Wall Street trading ended with bears in control. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView U.S. inflation print proves setback Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it reached $28,528 on Bitstamp, its lowest since May 28. The pair had fallen in step with stock markets on June 10, these finishing the week noticeably down — the S&P 500 and Nasdaq Composite lost 2.9% and 3.5% respectively. This was on the back of surprisingly high…

What Does Today’s US Inflation Data Mean for Crypto Markets? – Blockchain News, Opinion, TV and Jobs

Bitcoin has continued to hover around $30,000 for the last few days, but is dropping to $29.449,32 at this time of writing, after the market received the U.S. CPI inflation data that were released today at 1.30pm GMT. This event was key, to give us a better understanding of whether inflation had already peaked or is only beginning to peak, which is what is needed for the Federal Reserve to loosen monetary policy and hence result in upside for markets, or not. Economist Mohamed El-Erian, who accurately forecasted almost a…

Galaxy’s Novogratz Stays Optimistic on Crypto Adoption Even as Markets Languish

For crypto and equity markets, Novogratz isn’t banking on a V-shaped recovery. Instead, he predicts a combination of market bottoms, ups-and-downs and sideways movement until a “new narrative emerges” on the macro economic environment and interest rates. The U.S. Federal Reserve increasing interest rates to lower inflation is causing hiccups and unpredictability in economic models, he said, adding that he’s “preparing for kind of a longer battle.” Source

Two more spot crypto ETFs launch on Australian markets

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A further two cryptocurrency-backed exchange-traded funds (ETF) have launched on the Cboe Australia exchange on Monday, bringing the total amount of crypto ETFs available to Australian traders to six. The Canada-based 3iQ Digital Asset Management launched two spot ETFs, the 3iQ CoinShares Bitcoin (BTC) Feeder ETF and the 3iQ CoinShares Ether (ETH) Feeder ETF. Both of the Australian funds feed from the firm’s Canadian ETFs listed on the Toronto Stock Exchange (TSX), the 3iQ CoinShares Bitcoin ETF, and the 3iQ CoinShares Ether ETF. The underlying assets of the Canadian ETFs are holdings of…

Ethereum Logarithmic Regression

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io By using logarithmic regression, we can better understand the macro price movement of Ethereum. #Ethereum appears to be in long re-accumulation, and we could very well have some time to go yet before ultimately a breakout above a $4k that is sustained. I do believe Ethereum will break out of this range eventually but we will continue to stay here for a bit longer. Where do you think the price of Ethereum is headed? Let me know in the comments! Premium List…

Monthly NFT Sales Have Dropped Over 65% Lower Than the Month Prior, NFT Google Queries Sink – Markets and Prices Bitcoin News

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Non-fungible token (NFT) sales are down a great deal, as 30-day statistics show NFT sales recorded last month saw just over $4.6 billion settled but today, sales are down 65.43% to $1.59 billion. Furthermore, Google Trends data indicates that interest in NFTs has dropped to the lowest point since the first week of October 2021. From $4.6 Billion to $1.5 Billion — NFT Sales Slide More Than 65% Lower Than the Month Before Over the last two years, non-fungible tokens (NFTs) have become very popular and a billion-dollar industry in…

Kim Dotcom Says ‘US Is Beyond Bankrupt,’ Digital Entrepreneur Predicts a ‘Controlled Demolition of Global Markets’ – Economics Bitcoin News

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On June 5, 2022, the entrepreneur and activist known as Kim Dotcom published a post on Twitter and said it “may be the most important thread” he ever makes concerning a major global collapse. In the thread, Dotcom specifically highlights the American economy and he claims the “U.S. is beyond bankrupt.” Dotcom also talked about the “Great Reset” topic and how a “New World Order” aims to “shift into a new dystopian future where the elites are the masters of the slaves without the cosmetics of democracy.” Kim Dotcom Dissects…

Bitcoin Addresses Holding 0.01+ BTC Hits a New All-time High Despite General Mood of Fear in the Crypto Markets

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Summary: The number of Bitcoin addresses holding 0.01 or more BTC has hit a new all-time high of 10.088 million. The new milestone is despite the Crypto Fear and Greed index hitting an almost record low of 10, hinting that crypto traders are cautious about the short-term future of digital assets. Bitcoin is once again trading below the crucial $30k resistance level that could signal further losses in the month of June. The number of Bitcoin addresses holding 0.01 or more BTC has hit a new milestone. According to the…