Tag: Markets

European Markets Flat amid Impending Fed Chair Comments

European markets remained flat on Tuesday as all eyes are on Jerome Powell’s imminent congressional statement.  European markets are currently flat as investors await the congressional testimony by Federal Reserve Chair Jerome Powell. For instance, the pan-European Stoxx 600 remained flat today as trading began, with most sectors hovering in slightly positive territory. Meanwhile, tech stocks were down 0.3% and at the forefront of modest losses. Conversely, retail was up 0.8% to lead gains. Powell’s fiscal comments, which are due Tuesday and Wednesday, should provide further clues regarding the apex…

NFT Sales Dip by 32% in the Last Week, Ordinals Squeeze Into Top 10 Collections via Emblem Vault – Markets and Prices Bitcoin News

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After a significant spike in February, sales of non-fungible tokens (NFTs) in the last seven days are 32.32% lower than last week. Of the 19 different blockchains, Ethereum accounted for $148.56 million out of the total $186.20 million in NFT sales settled this week. NFT Sales Decline Following February Spike in Digital Collectible Purchases During the past seven days, NFT sales totaled $186.20 million among 760,857 buyers. Although the number of buyers increased by 55.41% last week, sales volume decreased by 32.32%, and NFT transactions fell 91% compared to the…

Crypto Markets Sinking on Silvergate

Bitcoin was down 5% early Friday, a day after a spout of negative developments surrounding crypto-friendly U.S. bank Silvergate Capital (SI). On Thursday, Coinbase (COIN), Circle, Paxos, Crypto.com, Bitstamp, Cboe Digital Markets, Galaxy Digital and Gemini all announced they will suspend Automated Clearing House transfers and other business operations with the bank. Silvergate’s stock tumbled 58% to $5.72 on Thursday. The wider crypto market also lost ground with major altcoins taking a hit on Friday. Ether, the second-largest cryptocurrency by market capitalization, shed 5%, filecoin (FIL) lost 9%, aptos (APT)…

BTC, ETH Hit Multi-Week Low, as Silvergate Uncertainty Spooks Markets – Market Updates Bitcoin News

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Bitcoin dropped to a two-week low on Friday, as crypto markets continued to react to the uncertainty surrounding Silvergate. The solvency of the bank has been put into question, with Binance, Coinbase and other exchanges moving to halt transactions. Ethereum also edged lower, falling below $1,600 in the process. Bitcoin Bitcoin (BTC) plunged further into the red on Friday, as markets reacted to fallout surrounding Silvergate. The crypto bank recently announced that it wouldn’t be able to file its annual report to the Security and Exchange committee, whilst hinting at…

Invest Answers tells markets why bitcoin looks great

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Invest Answers, one of the most influential voices in the world of finance on YouTube, has just made a bold prediction about bitcoin’s future in March 2023. Invest Answers, a popular YouTube channel, broadcasted its monthly outlook on Thursday, discussing the performance and behavior of bitcoin and various other cryptocurrencies. A bright near term view on bitcoin Invest Answers shared their thoughts on what we can expect from bitcoin in the coming months. According to the YouTube giant, bitcoin is poised for a strong rally in March 2023, showing that…

ADA Hits Multi-Week Low, as Red Wave Hits Crypto Markets – Market Updates Bitcoin News

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Cardano fell to a multi-week low on March 2, as cryptocurrency prices were mostly lower in today’s session. The global market cap has mostly declined on Thursday, and is trading 1.71% lower as of writing. Cosmos was also in the red, with prices retreating to a key price floor. Cardano (ADA) Cardano (ADA) dropped to a multi-week low on Thursday, as prices collided with a key support point. ADA/USD plunged to an intraday low of $0.3501 in today’s session, following a high of $0.3637 on Wednesday. As a result of…

The Future of Crypto Markets Will Be Driven by Developments in the Hong Kong and China

Allowing the opening of crypto markets could, of course, encourage more flows out of the yuan, which the Chinese authorities would understandably prefer to avoid. But if crypto assets and the innovation they bring are going to be key to the development of the financial markets of tomorrow, then China would obviously want some influence. Furthermore, China is probably watching with interest the building antagonism toward crypto from Washington, D.C. If the U.S. sees crypto markets as a threat, it could be a threat worth exploring. Source

Cryptocurrencies Resilient Despite Weaker Equity Markets, Increased Regulatory Activity: Citi

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Russian Darknet Markets, Ransomware Groups Thrive Despite Sanctions, Report – Bitcoin News

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Russian marketplaces on the dark web have continued to operate despite Western sanctions and efforts to shut them down, according to a report accessing the illicit blockchain space amid the world’s “first crypto war.” Ransomware actors and high-risk crypto exchanges have also remained active. Underground Russian Crypto Platforms Adapting to Disruptions Caused by Ukraine War Before Russia invaded Ukraine a year ago, cryptocurrency exchanges linked to the two countries accounted for over half of the international volumes of illicit crypto funds. Cybercrime organizations were full of Russian-speaking members and Russian-language…

How does the U.S. Dollar Index (DXY) impact cryptocurrencies? Watch Macro Markets

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The show Macro Markets, hosted by Marcel Pechman, which airs every Friday at 12 pm ET on the Cointelegraph Markets & Research YouTube channel, explains complex concepts in layman’s terms and focuses on the cause and effect of traditional financial events on the day-to-day crypto activity. In the show’s inaugural episode airing today, Pechman discusses the impact of the U.S. Dollar Index (DXY) on cryptocurrencies and how the inflation-protected bonds exchange-traded fund (ETF) provides a much better estimate of traditional markets’ demand for fixed income. Viewers will learn how a…