Cryptocurrency Analysis and News Portal
A $750 pump on Aug. 26 took Bitcoin (BTC) from $21,120 to $21,870 in less than two hours. However, the movement was completely erased after comments from U.S. Federal Reserve Chair Jerome Powell reiterated the bank’s commitment to contain inflation by tightening the economy. Following Powell’s speech, BTC price dropped
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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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Dogecoin was down for a third straight session, despite Elon Musk stating earlier this week that Tesla was still holding the token. Polygon was also down, falling by almost 10% to start the weekend, as cryptocurrencies fell back into the red on Saturday. As of writing, the global crypto market
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“The Treasury Department is seeking to benefit from the expertise of the American people and market participants by soliciting public comment as we engage in this important work,” said Nellie Liang, the Treasury’s undersecretary for domestic finance, in a statement. Original Source
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The crypto community has fired back at European Central Bank (ECB) President Christine Lagarde for her recent anti-crypto remarks, with people expressing disappointment and even criticizing the euro.As crypto markets show signs of stagnation, Lagarde reminded the world of her stance on cryptocurrencies. According to her, cryptocurrencies are “worth nothing”
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The request is in response to Joe Biden’s executive order in March asking for agencies to coordinate their approach to digital assets. Original Source
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The start of May has seen a continuation of the weakness in crypto and equities markets and at the moment, there is no indication of any short-term factors that could reverse the bearish trend.Equities markets are also in a downtrend and according to researcher Clara Medalie, the price of stocks
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●Bitcoin (BTC): $41235, +0.23% ●Ether (ETH): $3027, −1.27% ●S&P 500 daily close: $4394, −1.47% ●Gold: $1954 per troy ounce, +0.06% ●Ten-year Treasury yield daily close: 2.92% Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CryptoX Bitcoin Price Index (XBX); Ether is the CryptoX Ether Price Index (ETX);
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While the United States Securities and Exchange Commission (SEC) has yet to approve a spot Bitcoin exchange-traded fund, a recent Nasdaq survey suggested that the offering could lead to greater adoption of crypto among financial advisers.According to the results of a Nasdaq survey released on Monday, 72% of 500 financial
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Summary: The US Office of Science and Technology Policy (OSTP) has invited comments on the energy and climate implications of digital assets The US OSTP was tasked by President Biden to submit a report that examines the impact of digital assets on the United States’ goal of reaching net-zero greenhouse emissions by
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