Tag: Markets

Examining the crypto market’s reaction to the Russia–Ukraine crisis

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February saw a noticeable shift between inflation and U.S. Federal Reserve news, followed by news of a conflict in Eastern Europe that completely overshadowed the earlier concerns of economic health. What’s transpiring in Ukraine is causing an immediate marketwide price drop. Bitcoin (BTC) had a notable decline of 11% over a 16-hour time period, while the majority of altcoins plummeted 20% or more. The initial expectation was for the war to have a negative impact on cryptocurrency prices, which it did for a short period of time. However, as fear…

Venezuela Increases Minimum Monthly Wage to Half a Petro – Emerging Markets Bitcoin News

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Nicolas Maduro, president of Venezuela, announced an increase in the minimum wage of workers in the country linked to the petro. In the II Workers’ Congress, Maduro revealed that the new value of the salary would be half a petro, the national cryptocurrency, which is now worth close to $59. This constitutes an increase of almost 1,800% compared to the previous amount of only seven Venezuelan bolívars (VES). Minimum Wage Increase to Build “Sustainable Recovery” Nicolas Maduro, president of Venezuela, announced the increase of the minimum monthly salary…

Bitcoin Drops Below $39,000 As Crypto Markets Tank Over The Weekend

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Cryptocurrency markets were hit by a sudden fall over the weekend, with the global market cap dropping 3.80% in just 24 hours and now sitting at $1.73 trillion.  Bitcoin fell by 3.44% in the last 24 hours to $38,168 per coin. The second-largest token by market cap after bitcoin, Ether also showed in red by 4.8% decline.  It seems the USDC stable coin is doing better than its counterpart, as it only declined by 0.05 percent in value compared to last day’s movements while USDT saw no difference at all.…

US Lawmakers Working on Policy to Open Crypto Markets to Institutional Investors, Says Kevin O’Leary – Regulation Bitcoin News

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Kevin O’Leary, aka Mr. Wonderful, has revealed that a group of U.S. lawmakers is working on a policy to open crypto markets to institutional investors. “The good news is they are all over it and agree there is tremendous opportunity once they pass policy,” said O’Leary. U.S. Senators Working on Crypto Regulation for Institutional Investors Shark Tank star Kevin O’Leary revealed in a series of tweets Thursday that he just had a bipartisan meeting with a group of U.S. lawmakers to discuss crypto regulation. He tweeted: Spent my day at…

NFT Sales Tumble 29% This Week, Searches for Metaverse-Related Terms Plunge – Markets and Prices Bitcoin News

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The past week’s non-fungible token (NFT) sales have dropped again, following the last few weeks of diminishing volumes. Across 14 blockchains that support NFTs, sales have slipped 29.46% lower than the week prior. Despite the drop in NFT sales volume, NFT sales stemming from the Arbitrum network spiked by 97.53% this week. NFT Interest and Sales Nosedive According to Google Trends (GT) data, interest in NFTs has dive-bombed, as the search query for the term “NFT” slid from a score of 100 on GT during the first month of 2022,…

Coinbase beats Q4 earnings expectations, stock rises

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #Coinbase #Q4earnings #Coinbasestock Yahoo Finance’s Ines Ferre breaks down the latest quarterly earnings for Coinbase. Don’t Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE: Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube: 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. Yahoo Finance Plus: With a subscription to Yahoo Finance…

Citadel Plans to Start Making Markets in Crypto in Coming Months, CEO Ken Griffin Says – Featured Bitcoin News

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Citadel CEO Ken Griffin, a bitcoin skeptic, admits he has not been right on his crypto call. He now says: “It’s fair to assume that over the months to come, you will see us engage in making markets in cryptocurrencies.” Citadel Getting Into Crypto The CEO and founder of financial services firm Citadel, billionaire Ken Griffin, talked about cryptocurrency and his company’s decision to enter the space in an interview with David Rubenstein on Bloomberg Thursday. The billionaire executive has long been a bitcoin skeptic. He previously described the rush…

Devere CEO Bullish on Bitcoin, Predicts BTC Hitting $50,000 This Month – Markets and Prices Bitcoin News

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The CEO of Devere Group has predicted that the price of bitcoin will reach $50,000 by the end of this month. He explained that geopolitical tensions from the Russia-Ukraine war and institutional investment are key drivers boosting the price of bitcoin. He also said, “the dollar’s reserve status could, ultimately, be in jeopardy.” Devere’s CEO on the Future of Bitcoin The CEO of Devere Group, Nigel Green, has predicted that bitcoin’s price will reach $50,000 by the end of this month. Devere is an independent financial advisory and asset management…

Bitcoin declines with US stocks as nuclear threat ripples through markets

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Bitcoin (BTC) bulls saw no relief at the Wall Street open on March 4 as $40,000 support appeared on the horizon. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: Markets “shaky,” but BTC could bounce Data from Cointelegraph Markets Pro and TradingView revealed new March lows of $40,551 for BTC/USD on Bitstamp, taking two-day losses to 10.2%. Fears over the security of Ukraine’s nuclear infrastructure drove not just crypto but traditional markets lower on the day, with the S&P 500 following European indexes to decline by 1.4%. “Bitcoin correcting as tensions around Ukraine…