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Bitcoin traded sideways on Thursday as Fed officials speaking during the first day of the central bank’s Economic Symposium were circumspect about an interest rate hike in September. This article originally appeared in Market Wrap, CoinDesk’s daily newsletter diving into what happened in today's crypto markets. Original Source
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But Katie Talati, head of research at crypto asset manager Arca, was cautiously optimistic, highlighting the energy efficiency and other improvements resulting from The Merge in comments to CoinDesk TV's First Mover program. "From a technological standpoint, this is as advanced and as significant as it gets," Talati said,
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Bitcoin’s current reading, while slightly above 30, indicates that BTC is undervalued, although the recent price moves have come on lower-than-average, trading volume.. Lower-than-average trading volume can imply a lack of conviction in a trade both now and in the near future. As markets await Fed Chair Powell’s symposium comments
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The central bank of Portugal is now reviewing 12 requests from businesses that want to provide crypto-related services in the country. The applications are pending decision amid recent reports that some commercial banks are closing accounts of already approved operators. Binance Among Cryptocurrency Platforms Seeking Authorization in Portugal Portugal’s monetary authority is
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The latest price moves in crypto markets in context for July 27, 2022. Source
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BTC recovered from an early dip below $20,000 to regain its perch above the psychologically important threshold. Source
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Bitcoin (BTC) has a “neutral to positive” outlook despite staying below $20,000, according to ARK Investment Management.In its latest "Bitcoin Monthly" report, the American asset management giant flagged signs that BTC price action is close to bottoming.Wood: "We're waiting for more capitulation signals"One of Bitcoin’s most vocal supporters, ARK and CEO,
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Bitcoin (BTC) is trying to establish a higher price range, but upside could be limited toward $51K, according to some analysts. Macro concerns remain, which has kept some traders on the sidelines, especially in the BTC futures market. Original Source
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After dropping under $40,000 on two occasions during Asian and U.S. trading hours, bitcoin was changing hands again above $41,000, up about 4%.. Ether, the second-largest crypto by market cap, was trading at nearly $2,800, a roughly 6% gain. Most other major altcoins had gained ground over the past 24
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Bitcoin (BTC) began to show fresh volatility as Wall Street trading began on March 15, ahead of a crucial interest rate announcement from the United States Federal Reserve.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewCrunch time for the Fed on inflationData from Cryptox Markets Pro and TradingView highlighted a roughly $500 fall
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