In recent days cryptocurrencies have been taking advantage of uncertainty in other markets. Many people started to talk about the safe-haven opportunity that Bitcoin and many other altcoins could give us. However, the whispers about iEarnBot challenged this position and raised alarm bells. The ongoing United States banking crisis made the Federal Reserve inject $300 […]
Cryptocurrency-focused lender Silvergate Capital reported a $1 billion loss in its Q4 2022 earnings as investors raced to withdraw deposits after crypto exchange FTX’s bankruptcy. The Company is currently re-evaluating its businesses and strategies in light of its current business and regulatory challenges. These troubles highlight the fragility of confidence in digital assets. In less […]
After two weeks of falling, Bitcoin and most altcoins regained most of their losses. However, the main question is how far this price rise can continue, and can we trust bulls or not? After touching an almost one-month low of around 21,000 USD on February 13, with an almost 17% gain, BTC raised to $24,867 […]
Return after touching the five-month high. Fed decision and statement raised the crypto demand, as lower interest rates by year-end seemed more likely. In general, the riskier assets’ demand increased by lowering the risks in the market. Since inflation has been decreasing over the past months, Fed raised the rates by only 25bps to 4.75%, […]
On Wednesday, January 11, FTX said it had recovered $5 billion in cash and cryptocurrencies, which it may sell to repay its creditors. This report helped the crypto market sentiment and can still cause a short-term bull if FTX customers get refunded. Investors have become more cautious, and overall digital currencies market is still suffering. […]
The crypto market was calm mostly during last week and this week until Wednesday. As expected, tensions in other markets with the FOMC meeting in the center of stages also affected the crypto market. The Federal Reserve and other Major central banks, including BoE and ECB, also had a policy meeting. Finally, with hawkish tones […]
After cooling tensions and overall market sentiment, the overall crypto market edged higher in the second part of last week. In contrast, during this week, it was primarily flat, with Bitcoin trading at around 17,000. In China, finally, the government relaxed some of its Covid restrictions and abandoned its zero-Covid policy. This news helped the […]
While Asia’s largest economy is struggling with a record-high jump in daily COVID-19 cases, the EU’s Food Safety Agency warns about the worst bird flu crisis ever, and the persistence of the virus over the summer has raised the risk of widespread infections next season. Various risks enter from every side It is not what […]
The crisis caused by the bankruptcy of FTX still has adverse effects on industry confidence. One of the effects of the bankruptcy of this exchange is the liquidity issue that the FTX token faced. After the bankruptcy, Binance tried to buy the whole company first and its FTT Token, however with rumors that the US […]
Growing pressure from rising interest rates, a series of high-profile hacks, and warnings about global economic recession, all together severely destroyed investor sentiment and one of its results was the bankruptcy of FTX, the world’s second-largest exchange. In response, Bitcoin lost more than 16% in less than 24 hours! BTC was not the only victim, […]
While after last week’s gains, Ripple still gave back some of its earlier gains with a -0.27% loss on Friday, Bitcoin and Ethereum, both gained more than 0.50%, as stock markets also trying to close the week higher. While BTC is trading at its six-week highs, the US leading indices trading 1.3% higher on average. […]
After weaker trading during the week, last week most cryptocurrencies closed higher on Sunday. However, the new week started with a pullback, as recession risks increased. According to the Purchasing Managers Index numbers published on Monday from the most developed economies, the slowdown in economic growth considerably increased. After Monday’s data, we could see that […]
Thursday, before and after US inflation we had two different reactions from cryptocurrencies. Ahead of CPI numbers, fears of higher inflation put pressure on prices to send them to their 3-week low. However, after the data was published, sentiment in the market changed due to the decrease in inflation for the third consecutive month. The […]
The overall downtrend in the cryptocurrency market continues, except for some altcoins. After Friday’s US employment data, now we can say that this downtrend which started last November, can continue to make it a whole one-year cycle. There is no hope for an upward trend Bitcoin has been in a bear market since last November, […]
As we can see in recent months cryptocurrency market moves in sync with the stock markets. As overall financial markets were hit by central banks’ tightening policies and a risk aversion sentiment increased, this environment also prevailed in the crypto market. Fears that monetary tightening policies may lead most of the world’s largest economies into […]
During last week and the first days of this week, the cryptocurrency market was influenced by the news about Ethereum and its merge. While many were waiting for a bullish sentiment for Ethereum, it deflated following its completion triggering a selloff. Ahead of the Fed meeting, overall cryptocurrency prices scaled as risk appetite fell. However, […]
The overall downtrend started in November 2021 and continues to bring the crypto market capitalization under $1 trillion, despite last week’s biggest price gain in six months, which could bring the crypto market capitalization back to over $1 trillion. Last week, most digital currencies, including BTC and ETH, plummeted mid-week but rallied towards the end […]
While in the bigger picture, BTC still moves in a clear downtrend, the recently seen recovery has made some hope that it can be the beginning of its recovery path, which technically can be seen just above 25,000 US Dollars. Currently, 22,500 USD and 25,200 are the key resistance levels before the primary resistance at […]
