Tag: Markets

Cryptocurrency markets’ low volatility: A curse or an opportunity?

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The cryptocurrency market has been experiencing low volatility for the past two months, but does that mean investors should just sit and wait? Cryptocurrency markets are well-known for their volatility, where large price swings help investors create or lose fortunes. Yet there are often periods of relative stability where the tight price action bores some while being an opportunity for others. Since the beginning of the year, Bitcoin’s (BTC) price has soared by over 60%, climbing from around $18,000 to over $27,000 at publishing time. However, the cryptocurrency has been…

Crypto markets rebounded by 83% in Q1 2023 data shows

On-chain data released by Messari, focusing on the layer-1 blockchain ecosystem analysis during Q1 2023, show that the market capitalization of the leading chains rebounded by 83%. Ethereum and BNBChain emerged as the most deflationary networks in Q1 2023. Ethereum leads rebound The cryptocurrency market experienced a rebound in Q1 2023, witnessing an average increase of 83% quarter-on-quarter (QoQ) in the market capitalization of the featured layer-1 blockchains. However, despite this recovery, their market cap remains down by 58% year-on-year (YoY), the researchers note. Among the featured L1s, Ethereum emerged…

Crypto markets ‘lackadaisical’ as institutional buying slows — Novogratz

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Galaxy Digital CEO Mike Novogratz has described the broader crypto market as being “lackadaisical” — or lacking enthusiasm — due mainly to a shying away of institutional investors from cryptocurrencies. In a June 1 interview with CNBC, Novogratz said that while the relatively small retail buyers add some stability to the market with their modest holdings, the lack of large-scale buyers is becoming a concern. Mike Novogratz on CNBC Market Alert  Source: CNBC“There’s a constant bid from retail. We’re seeing it through all the platforms, and there’s just not a…

EU officials sign Markets in Crypto-Assets framework into law

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Officials with the European Union have signed the Markets in Crypto-Assets, or MiCA, bill into law following final approval from finance ministers. On May 31, Sweden’s minister for rural affairs, Peter Kullgren, and European Parliament President Roberta Metsola signed the long-anticipated cryptocurrency regulatory framework into law roughly three years after the European Commission introduced the measure. Lawmakers in the EU had batted the MiCA framework from legislative body to body, with different aspects of the bill subject to debate, before reaching final approval in 2023. EU news MiCA has been…

European Markets Open Higher Following US Debt Ceiling Deal

European stock markets were higher in pre-trade amid impending Congress vote on the proposed US debt ceiling bill. European markets opened higher on Monday following the US debt ceiling deal between President Joe Biden and House Speaker Kevin McCarthy. Over the weekend, the two high-ranking politicians finally agreed to raise the US debt ceiling, thereby preventing a default. In light of the deal, Biden and McCarthy now seek to convince Congress to approve implementation in the coming week. European Markets Respond Positively to US Debt Ceiling Development Following Choppy Week The development…

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