Bitcoin (BTC) remains pinned below $27,000 and the recent weakness of the past few days has increased calls from analysts for a fall to the low $20,000 levels. While anything is possible, the bulls are unlikely to give up the $25,000 support without putting up a fight. Glassnode’s lead on-chain analyst Checkmate said in his […]
The United States stock market recovered sharply on May 17 and May 18 on hopes that the debt ceiling agreement could be reached, but the market gave back some of its gains on May 19 on reports of a temporary halt in the talks. The U.S. Dollar Index (DXY), which had been rising for the past […]
The debt ceiling negotiations in the United States are keeping traders on the edge. JPMorgan Chase CEO Jamie Dimon told Bloomberg on May 11 that a possible sovereign default by the U.S. government could create panic in the stock markets, resulting in heightened volatility. The next big question troubling crypto investors is how will Bitcoin […]
Bitcoin extended its decline on May 12, but analyst Philip Swift, co-founder of trading suite Decentrader and creator of data resource LookIntoBitcoin, does not expect a deep correction. He said it was “interesting to note that the long/short ratio has been climbing as price has trended down.” One of the reasons that is keeping analysts […]
The United States consumer price index rose 4.9% annually, which was slightly less than estimates of a 5% increase. The CPI’s monthly rise of 0.4% in April was in line with expectations. Although inflation remains stubbornly higher than the Federal Reserve’s 2% target range, traders will take comfort from the slower pace of increase. That […]
Confidence in the United States financial system seems to be eroding fast, with investors trying to find the next weakest link that is about to collapse. Bill Ackman, CEO of hedge fund management firm Pershing Square, cautioned that time was running out to fix the problem. The U.S. equities markets have become vulnerable to adverse […]
The rate of Sui (SUI) has dropped greatly after its market launching throughout leading cryptocurrency exchanges. On May 5, SUI rate was $1.26 per token, down about 70% from its record high of around $4, developed 2 days ago on Binance. Interestingly, on other exchanges like Kraken, the token’s market top was $1.60 or lower, […]
Risky assets marginally extend their up-move in April. The S&P 500 Index rose around 1.5% in April while Bitcoin (BTC) is on track to end the month with gains of more than 4%. Could the rally continue in May or is it time for a pullback? The recovery could face headwinds if the United States […]
The cryptocurrency market witnessed sharp volatility on April 26 on rumors that large sums of Bitcoin (BTC) were on the move from the wallets linked to the defunct cryptocurrency exchange Mt. Gox and the United States government. A minor positive is that Bitcoin and select altcoins held their respective support levels. After Bitcoin’s sharp rally […]
Wallets have constantly been a secret subject in the cryptocurrency market duetothefactthat of their necessary function in adoption. As the crypto world develops and goesinto the multichain stage, wallets might requirement to run inadifferentway. In Episode 16 of Hashing It Out, Phantom Wallet CEO Brandon Millman signsupwith Elisha Owusu Akyaw to goover how wallets are […]
Solana (SOL) users will quickly be able to engage with the network through an open-source plugin madeitpossiblefor on OpenAI’s synthetic intelligence (AI) chatbot ChatGPT. The plugin will permit ChatGPT to check wallet balances, transfer Solana-native tokens and purchase nonfungible tokens (NFTs) when OpenAI makes plugins readilyavailable, according to an April 25 tweet by Solana Labs, […]
Bitcoin (BTC) managed to stay above $27,000 for the past three days but its 9% loss last week spooked some newbie traders. Glassnode data shows that short-term holders, who acquired Bitcoin less than 155 days ago, have been moving coins to the exchanges at a loss since April 16. While short-term traders are panicking and […]