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Overall, the data may reflect a need for liquidity among investors, according to CoinShares. Meanwhile, the largest cryptocurrency by market value’s price has surged from a low of about $19,400 in early March to its current level near $28,000. Over the past week, bitcoin has risen almost 15%. Source
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Bitcoin (BTC) is on track to close the week with gains of more than 23%. The banking crisis in the United States and Europe seems to have boosted buying in Bitcoin, indicating that the leading cryptocurrency is behaving as a safe haven asset in the near term.All eyes are on
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Despite the recent crackdown by the U.S. Securities and Exchange Commission (SEC) on staking services offered by centralized providers, Coinbase has reiterated to customers that its staking services will continue, and “may actually increase.”In a new customer email, highlighted by popular traders such as @AltcoinPsycho via Twitter on March 10,
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Enough progress has been made to suggest the plan to set up a new recovery corporation should be the only one on the table, Martin Glenn said Source
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The next Federal Reserve meeting slated to take place between March 21-22. The world’s largest asset manager, BlackRock, has weighed in on the subject of interest rate hikes by the US federal reserve. According to BlackRock, upcoming federal reserve decisions are likely to see the rates increase by almost 6%. Per
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Central banks show continued demand for gold in 2023, as per a recent report from the World Gold Council (WGC), which noted that the world’s central banks accumulated 31 tons of the precious metal in January. Turkey was the largest gold buyer, adding 23 tons to its central bank’s stash,
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Following a brief downturn in mid-February 2023, artificial intelligence (AI) crypto assets have continued to see gains over the last 30 days. Currently, out of 74 listed AI-focused cryptocurrencies, the net value of all these tokens has risen to more than $4 billion, which accounts for 0.37% of the entire
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The S&P 500 sustained its fourth day of losses following suggestions that the Fed could keep battling inflation aggressively. The S&P 500 recorded losses on the day following Fed minutes, suggesting a sustained hawkish stance on inflation. Several stocks closed lower as traders and market analysts analyzed the summary of the central bank’s latest meeting. S&P
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Bradford noted the move doesn't necessarily mean the company will issue any of the authorized shares, but it will give the company the option to use equity, if needed, to reach its targeted growth. "We believe the [increased] shares would provide us the flexibility to not only maintain market share,
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Barclays analyst said Coinbase volumes rose 56% in January from the previous month. Source
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