Tag: Markets

Bitcoin holds strong as inflation causes chaos on UK markets

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In an in-depth analysis by the CryptosRUs YouTube channel, recent developments in the global cryptocurrency markets are examined against the backdrop of rising inflation in the UK and US and significant crypto initiatives in China. In recent weeks, UK and European markets have experienced a substantial sell-off following news that inflation has risen to an unexpected 6.8% – over half a percent more than anticipated. Simultaneously, the US grapples with a looming debt ceiling crisis, concerns…

ChatGPT and Other AI Programs Can Generate a Trading Edge in Crypto Markets

Fundamental factors have long played a crucial role in assessing traditional equity markets, where investors analyze a company’s financial health, industry position and overall economic climate to determine its intrinsic value. Key metrics such as earnings, revenue and debt-to-equity ratios provide a clear picture of a company’s performance, enabling investors to make buy/sell decisions. However, such metrics are not available yet in the rapidly evolving world of cryptocurrencies. Source

Why the Biggest Emerging Markets Are Turning to Crypto

Throw in the increasing probability of significant currency turmoil ahead in emerging countries’ economies, inflationary pressures and a strong dollar, and, in turn, the likelihood of political turmoil, and you can see how the “insurance” and “hedge” qualities of crypto assets such as BTC and stablecoins become even more compelling. Monetary liquidity headwinds may be significant, but they are not the whole crypto market story. Source

Bitcoin, Ethereum Technical Analysis: BTC Drops Below $27,000 as US Debt Ceiling Fears Grip Markets

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Bitcoin fell below the $27,000 level on May 17, as market uncertainty remained high amidst the debt ceiling crisis in the United States. Congress continues to negotiate terms of a potential increase to the limit, before the U.S. government runs out of cash on June 1. Ethereum also dropped, breaking out of the $1,800 level. Bitcoin Bitcoin (BTC) moved below the $27,000 level on Wednesday, following yesterday’s U.S. Retail Sales report. BTC/USD moved to a low of $26,785.41 earlier in today’s session, which was following Tuesday’s peak at $27,223.07. Today’s…

OTC Markets Secures FINRA Approval to Offer Digital Assets as Securities

If the US SEC classifies cryptocurrencies as securities, OTC Markes will be well-positioned in providing liquidity to these assets in the future. During its earnings call earlier this week, OTC Markets announced that it has secured FINRA approval in order to provide services for digital assets as securities. This is a major development as it provides a regulated market for big investors to trade crypto securities. In its quarterly report, OTC Markets mentioned that the update to its membership agreement to facilitate transactions in digital securities will allow OTC Link…

SEC Chair Warns US Default Would Have ‘Significant’ and ‘Lasting Effects’ on Investors, Markets – Economics Bitcoin News

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Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that the U.S. Treasury defaulting on its debt obligations “would have very significant, hard to predict, and likely lasting effects on investors, issuers, and markets alike.” Gensler stressed: “We’ve already seen an effect in the pricing and liquidity of short-dated Treasury bills and continue to monitor for any additional tremors.” SEC Chair Gary Gensler on U.S. Debt Default The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has weighed in on the impact a U.S. default would…