A United States appellate court directed the Securities and Exchange Commission in August to reassess its denial of Grayscale’s application for a Bitcoin exchange-traded fund (ETF). A little-noted consequence of that decision is that it could open the floodgates for $600 billion in new cash to enter the cryptocurrency market. ETFs provide investors with a regulated way […]
The United States economy hasactually been dealingwith unstable times recently, with the U.S. Personal Consumption Expenditure (PCE) inflation index increasing by a substantial 3.5% over the past 12 months. Even when omitting the unstable food and energy sectors, it’s obvious that the efforts made by the U.S. Federal Reserve to curb inflation haveactually fallen brief […]
Costco has made headlines this week after it rapidly sold out of gold bars. In times of economic uncertainty and rising inflation, it’s no surprise that investors are turning to traditional safe-haven assets like gold. The question is whether gold’s performance will eventually catapult its price above $2,050, a level last seen in early May. […]
Bitcoin (BTC) is attempting to trade above $27,000 which is a positive sign. In the past few days, Bitcoin’s price held up above $26,000 in adverse conditions when the United States dollar index (DXY) was rising sharply and the S&P 500 index (SPX) was plunging. This suggests that selling dries up at lower levels. The […]
Crypto analysts, traders and anonymous influencer Bitcoin pundits on X (formerly known as Twitter) frequently interpret what Bitcoin miners do with their block rewards as a sentiment gauge for where Bitcoin’s price might go. According to the theory, Bitcoin (BTC) miners sending rewards to exchanges foreshadows pending sell pressure on the asset’s price and possibly reflects […]
Bitcoin (BTC) hit brand-new weekly highs after the Sep. 28 Wall Street open as markets waitedfor fresh hints from the United States Federal Reserve. BTC/USD 1-hour chart. Source: TradingView Bitcoin summons volatility ahead of Powell speech Data from Cointelegraph Markets Pro and TradingView showed BTC rate strength staging a resurgence on the day, havingactually provided what […]
Bitcoin (BTC) Ordinals are enhancing miner earnings, however “income tension” is looming, brand-new researchstudy cautions. In the mostcurrent edition of its weekly newsletter, “The Week On-Chain,” analytics company Glassnode forecasted fresh issues for miners after Bitcoin’s next block aid halving. Bitcoin halving effect on miners might be “severe” Bitcoin miner competitors is takingoff, with hash […]
On Sept. 20, the Federal Reserve provided a message that resounded through monetary markets: interest rates are anticipated to stay at their greatest level in over 2 years, and perhaps for longer than most market individuals’ expectations. This mindset comes versus the background of stubbornly high inflation, with the core inflation rate hovering at 4.2%, […]
Bitcoin (BTC) managed to stay above the $26,000 level even as the S&P 500 tumbled to a three-month low and the US dollar index (DXY) rose to a new year-to-date high. This is a mildly positive sign as it shows a lack of aggressive selling at lower levels. Bitcoin remains stuck inside a range and […]
The upcoming $3 billion in Bitcoin (BTC) monthly options expiration on Sep. 29 could prove pivotal for the $26,000 support level. BTC price faces serious headwinds On one side, Bitcoin’s recognition in China appears to be strengthening, following a judicial report from a Shanghai Court that acknowledged digital currencies as unique and non-replicable. Conversely, Bitcoin’s […]
Bitcoin (BTC) hit intraday lows after the Sep. 26 Wall Street open as BTC cost habits avoided significant volatility. BTC/USD 1-hour chart. Source: TradingView Binance traders put up thin BTC cost resistance Data from Cointelegraph Markets Pro and TradingView revealed the biggest cryptocurrency acting in a tight variety while keeping $26,000 as assistance. Bitcoin bulls […]
The Dollar Strength Index (DXY) accomplished its greatest level in almost 10 months on Sep. 22, showing growing self-confidence in the U.S. dollar compared to other fiat currencies like the British pound, euro, Japanese yen, and Swiss franc. DXY “golden cross” confir Moreover, financiers are worried that this rise in need for the U.S. dollar […]