All articles tagged with #cryptocurrency markets
Originally Published 1 year ago — by CNBC
Bitcoin experiences volatility following the release of hot inflation data, leading to expectations of a rate cut in September, as discussed on CNBC Crypto World. Ari Juels, chief scientist at Chainlink Labs, addresses misleading narratives surrounding the convergence of AI and blockchain technology.
Originally Published 1 year ago — by CoinDesk
Bitcoin surged past $72,000, boosting U.S. crypto-related stocks like Coinbase and MicroStrategy, while meme coins like dogwifhat and pepe also rallied. Altcoins are seen as undervalued, with potential for further gains as bitcoin dominance peaks pre-halving. Technical analysis suggests bitcoin could reach new record highs, with BlackRock's bitcoin exchange-traded fund attracting more authorized participants, including Goldman Sachs and Citigroup. Additionally, the bitcoin-to-gold ratio remains below its 2021 high despite bitcoin setting new fiat currency highs.
Originally Published 1 year ago — by CoinDesk
JPMorgan has stated that bitcoin remains overbought despite a recent correction, with spot ETFs experiencing significant outflows in the past week. The bank anticipates that profit-taking in bitcoin could persist into the upcoming halving event, as the cryptocurrency market suffered a sharp correction before rebounding. JPMorgan's analysts highlighted a slowdown in net inflows into spot bitcoin ETFs and suggested that profit-taking is likely to continue, especially given the overbought positioning in the market.
Originally Published 1 year ago — by CoinDesk
Bitcoin surged past $67,000 following dovish remarks from the Federal Reserve, while Ether rebounded from SEC-related fears and Dogecoin soared on news of Coinbase's plan to list futures contracts. The crypto markets bounced sharply higher, with Bitcoin targeting $67,000 after the Fed maintained its outlook for three rate cuts this year despite hotter-than-expected inflation figures. Traditional markets also climbed higher, with the S&P 500 index jumping nearly 1% to a fresh all-time high, and the tech-heavy Nasdaq-100 gaining 1.3%.
Originally Published 1 year ago — by CoinDesk
Bitcoin's price dropped over 8% to under $62,000, marking the biggest single-day percentage decline since November 2022, attributed to outflows from U.S.-listed spot exchange-traded funds (ETFs). Web3 gaming developer platform Immutable and venture capital company King River Capital have formed a $100 million "Inevitable Games Fund" to target high-growth opportunities in Web3 gaming. Investment management giant BlackRock has created a fund called the BlackRock USD Institutional Digital Liquidity Fund in partnership with asset tokenization firm Securitize, potentially related to the tokenization of real-world assets.
Originally Published 1 year ago — by CoinDesk
Bitcoin surpassed $65,000, nearing its all-time high as bullish bets rose to a record, with meme tokens like Pepecoin surging 30% and trading volumes reaching $3.6 billion. In an insider trading case involving Coinbase's former product manager and others, a U.S. court ruled that certain crypto assets traded on a secondary market are securities transactions. The court's position was taken in a default judgment against one of the defendants.
Originally Published 1 year ago — by CoinDesk
Bitcoin's price volatility has surged, with BTC trading 6.8% higher at $62,992 and 30-day realized volatility reaching 46%. Crypto derivatives volume has hit a record high, indicating increased risk appetite. Bitcoin miners are selling more coins amid rising prices, while Morgan Stanley is considering offering spot bitcoin ETFs to its customers, potentially opening liquidity floodgates. Additionally, trading volume on yield tokenization protocol Pendle Finance has surpassed $100 million, setting a new record.
Originally Published 1 year ago — by CoinDesk
Bitcoin surged 11.5% to near $57,000, led by Bitfinex traders and boosted by spot buying on Binance, with Pantera founder Dan Morehead attributing the rally to institutional capital inflows and the impending BTC reward halving. OKX launched a platform in Turkey to cater to the growing crypto adoption and transaction volume in the country, while Uniswap's UNI token surged 60% after proposing to distribute protocol fees to token stakers, leading to a whale address liquidating 90,000 tokens.
Originally Published 1 year ago — by CoinDesk
Bitcoin's price remained stable, but a trader predicts a potential drop to $47,000, while the CD20 broad market gauge fell 0.4%. Oanda is launching a UK cryptocurrency trading platform, and the Frax Finance team is considering distributing protocol fees to stakers of its native token, FXS. The market for most coins appears overheated, with excess bullish leverage potentially leading to mass liquidations and rapid price corrections.
Originally Published 1 year ago — by The Defiant - DeFi News
The cryptocurrency market has seen a rally, with Bitcoin approaching a trillion-dollar market cap and Ether trading at $2,500. Eight of the top 10 tokens have posted gains, with Bitcoin and Ethereum up 10.7% and 9% respectively. Spot Bitcoin ETFs attracted $400 million in daily inflows, driving short-term gains, with demand for Bitcoin from ETF providers reaching 9,000 BTC. Fidelity's FBTC has surpassed $3 billion in AUM, while Grayscale's GBTC saw a $101 million outflow streak.
Originally Published 1 year ago — by CoinDesk
Bitcoin hovers around $40,000 with options worth $3.75 billion set to expire on Friday, while Swiss crypto bank Sygnum closes a $40 million funding round to expand into new markets. Tesla's Q4 2023 earnings report reveals no change in its bitcoin holdings, remaining at over 9,720 BTC. The ether-bitcoin ratio has reversed half of its early January rally, reflecting bearish sentiment in the ether options market, although some analysts remain optimistic about ether's performance in the coming months.
Originally Published 2 years ago — by DLNews
Bitcoin is nearing a two-year high, with increased activity in derivatives markets and a changing macroeconomic backdrop potentially leading to heightened volatility. Fidelity Digital Assets's Chris Kuiper notes that despite low volatility, some participants are becoming bullish, with metrics in Bitcoin derivatives approaching levels last seen in late 2021. The US Federal Reserve's potential policy changes and the expectation of Bitcoin exchange-traded funds also contribute to the evolving landscape. As Bitcoin trades around $46,800, market participants should brace for increased volatility ahead.
Originally Published 2 years ago — by Barron's
Bitcoin and other cryptocurrencies experienced a decline in value, with traders remaining cautious following Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole symposium, which hinted at potential future interest-rate increases.
Originally Published 2 years ago — by Barron's
Bitcoin and other cryptocurrencies are currently experiencing a period of low activity, with prices remaining stagnant. Historical trends indicate that prices could soon decline, and this week may bring about a new catalyst for such a drop.
Originally Published 2 years ago — by Barron's
Bitcoin experienced a rise on Thursday as optimism surrounding the approval of a spot Bitcoin exchange-traded fund by regulators continued. The next potential catalyst for cryptocurrencies will be the release of economic data on Friday.