Tag: Markets

Are Bitcoin Mining Stocks A Better Buy Than Bitcoin Itself?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io “All About Bitcoin” fill-in host Galen Moore speaks to Noelle Acheson, Head of Market Insights at Genesis Global Trading for her analysis on bitcoin’s price movement. Plus, Anita Posch, Bitcoin for Fairness Association Founder shares her plan after receiving 0.5 bitcoin grant from the Human Rights Foundation. Site: Twitter: LinkedIn: Instagram: Facebook: Newsletters: CoinDesk Podcast Network: Markets Daily Crypto Roundup: CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. ▶ Coinbase Website:…

With an ‘Aggressive’ Fed Rate Hike Expected Next Week, Stocks and Crypto Markets Lose Billions – Market Updates Bitcoin News

boss

Investors will be focused on the U.S. central bank this Wednesday as Federal Reserve policymakers are expected to raise the benchmark interest rate aggressively. The top U.S. stock indexes saw significant losses at the end of the week, and the Nasdaq composite saw its worst four-month starting performance since 1971. Crypto markets have had a rough week as well, as the crypto economy has shed 8.99% against the U.S. dollar since April 25, dropping from $1.967 trillion to $1.79 trillion. Fed Expected to Raise Benchmark Interest Rate Aggressively, Dutch Bank…

Here are 3 ways hodlers can profit during bull and bear markets

boss

For years, cryptocurrency advocates have touted the world-changing capability of digital currency and blockchain technology. Yet with the passing of each market cycle, new projects come and go, and the promised utility of these “real-world use case” projects fails to satisfy. While a majority of tokens promise to solve real-world problems, only a few achieve this, and the others are mere speculative investments. Here’s a look at the three things cryptocurrency investors can actually “do” with their coins. Lending Perhaps the simplest use case offered to cryptocurrency holders is also…

Finder’s Experts Predict Apecoin Will End 2022 at $27 per Token, 75% Think APE Is Just ‘Another Memecoin’ – Markets and Prices Bitcoin News

boss

On April 28, 2022, the crypto asset apecoin tapped an all-time high (ATH) tapping $26.70 per unit and the digital currency has taken the 25th largest market capitalization among 13,371 cryptocurrencies. The same day, the product comparison platform Finder published its prediction report that covers apecoin’s market performance and Finder’s surveyed panelists predict apecoin will end the year at $27 per unit. Finder’s Experts Predict Apecoin’s Future Value This week finder.com published a new prediction report that polled 36 financial technology (fintech) specialists in order to forecast the future price…

Quant Explains Similarities Between Current And Summer 2020 Bitcoin Markets

boss

A quant has pointed out some similarities between the current and summer 2020 Bitcoin markets through on-chain data. Bitcoin Exchange Supply Shock Ratio Has Rapidly Risen Recently As explained by an analyst in a CryptoQuant post, there seem to be some similarities between the current market trend and that during the summer of 2020. The “exchange supply” is an indicator that measures the total amount of Bitcoin present on wallets of all exchanges. This supply is usually assumed to be the selling supply of the crypto as investors generally transfer…

Cryptocurrency market value tops $2 trillion market cap for the first time

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #crypto #bitcoin #cryptocurrency Yahoo Finance’s Jared Blikre reports on the cryptocurrency market hitting $2 trillion market cap for the entire space. Subscribe to Yahoo Finance: About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. About Yahoo Finance Premium: With a subscription to Yahoo Finance Premium, get the tools you need to invest with confidence. Discover new opportunities with expert research…

Crypto Market’s Direction During a Recession Might Depend on Nasdaq

“Bitcoin has really bound itself to the Nasdaq in terms of correlation, and if the Fed keeps hiking rates and if the market believes [it is] going to hike rates, recession or not, Nasdaq suffers in the short term,” said Bob Iaccino, chief strategist at Path Trading Partners and co-portfolio manager at Stock Think Tank. “And if this correlation continues, then crypto suffers, too.” Source

Meme Token Economy Jumps Close to 10% Higher After Dogecoin Spike Fuels the Pack – Markets and Prices Bitcoin News

boss

The top meme tokens by market capitalization saw a significant jump on Monday after being fueled by dogecoin’s recent price rise. Crypto meme coins like shiba inu, dogelon mars, and floki inu saw 2-13% gains over the last 24 hours. The entire meme token economy is worth $35.8 billion, up 9.4% today. Meme Token Assets See Double-Digit Gains on Monday Following Dogecoin’s Rise Following Elon Musk’s acquisition of Twitter for $44 billion, digital currency markets jumped in value and crypto meme tokens saw a significant spike. 24-hour statistics at 4…