Yesterday’s narrative was somewhat bittersweet. On the one hand, Fed policies remain hyper accommodating, which is positive. On the other hand, the accommodating stance is based on lingering concerns about the economic recovery in the US (and also globally).
Bitcoin has fallen back below $40,000 today, as the denial from Amazon of the impending acceptance of Bitcoin as a payment method came through. Prices returned to our support level of $36,500 before rallying once more, a sign that this move may be supported by more than just click-bait headlines.
Even with positive earnings (earnings that were pretty much priced in), equity indexes edged down yesterday.
Yesterday, all US equity indexes reached record highs.
Welcome to the Weekender: Your weekly round-up of all the news stories shaping the crypto landscape, as voted by our readers' clicks. This week's top click was the news the JPMorgan has given a go-ahead to its advisors to offer clients crypto fund services.
Last week started painfully, with most indexes falling because of covid variant spreads and fears.
On the day in which we witnessed the opening ceremony of the Olympics, which only comes around every 4 (well.... 5 years), Bitcoin rallied for a 3rd consecutive day, holding $31,000 and $30,000 as support and targeting $36,000. Bitcoin's 24-hour high was $32,915 and 24-hour low, $31,708.
Bitcoin rallied for a second day in a row as the critical $30,000 level held, fueled by a rise in U.S. stocks, just as the Dow Jones rose 286 points (0.83%), and the Nasdaq a composite 0.9%. The 10-year treasury yield rose 7 basis points to 1.28%, continuing Monday's Covid fear rally.
Tech shares rose yesterday with better-than-expected earnings results, bolstering investors’ sentiment and helping most equity indexes edge higher.
MATIC, the native token of the Polygon platform, has been one of the best-performing coins of 2021, with an overall increase in value of over 12,000%. What's more, the price spike isn't a result of speculative capital at play, rather an increase in adoption by Polygon's core users.
On Monday, equities fell sharply, spooking investors globally.
In our exclusive AMA with ICO Pantera, Korea's leading growth accelerator, CEO @RichardByworth answered questions about EQONEX's recent milestones and the roadmap ahead.
Bitcoin has continued to trade towards the lows last seen in June. The 3.5% drop seems to be a daily occurrence at the moment as the nervousness in the market builds. Stocks, namely the Dow Jones, have suffered their worst day of 2021, as earning season reveals that the expected bounce back from removal of global lockdowns is muted.
Yesterday, BTC fell below $30,000 but, unlike the previous times, it didn’t immediately bounce back up.
Blockchains. DeFi. Cryptocurrencies. Consensus algorithms. These are terms that you may have heard of in recent months, and with the recent boom in Decentralized Finance, have piqued investors’ interests. How does this obscure piece of technology work, and how can you benefit from it?
Yesterday was a fascinating and eventful day...
Last week was the first strong negative week in the second half of the year.
Welcome to the Weekender: Your weekly round up of all the top crypto stories, as voted by our reader's clicks. This week, ‘power’ was front and centre of your interest, with the news that nuclear and fossil-fuel based power generator Energy Harbor Corp has partnered with bitcoin mining hosting provider Standard Power, taking the top slot.
Traditional markets feel… toppy? From many angles or data points, a lot of assets are overextended or at high valuations.
Bot trading has been a contentious topic in the crypto community for several years, with some suggesting algorithms have unduly inflated or depressed prices, or caused volatile price swings.
Inflation expectations in the US have jumped to 4.8% for the next 12 months. This is hardly surprising given the fed jacked up M1 money supply by 30% in the last year. Consumer debt levels are racing higher, the fed will hope this is due to pent up demand, because the alternative reason (people borrowing money to stay afloat) spells disaster for the predicted recovery.
Yesterday, trading of risk assets was mostly mixed—again.
Bitcoin has fallen nearly 4% today, with the lower end of the trading range facing a fresh test of the bulls' resolve. Trading ranges, and especially Bitcoin trading ranges, stir strange emotions when prices reach the outer edges. The fear of a break out to the downside, or the hope of a rally to a new price point, make the support and resistance levels of ranges far more exciting than when prices are stuck in the middle and everyone is mildly bored.
Yesterday, the traditional market was mixed.
The S&P reached new records while the Dow and the Nasdaq came inches away from beating their all-time highs.
Welcome to the Weekender: Your weekly round-up of the top stories from across the crypto world, as voted by our readers' clicks! This week, the most-clicked article reported that the US financial regulator FinCEN has hired its first-ever chief digital currency advisor.
2020 and 2021 marked the arrival of financial institutions into the crypto space. We celebrated, we cheered. But we forgot one thing: The people who work at these giants of finance love a summer holiday. If you have ever traded within traditional markets, you'll remember that August is even worse than July.
Tokyo will probably ban fans from attending the Olympics due to fears of the covid delta variant. And it’s not just Japan that’s feeling bad.
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