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Trivedi does offer some hope for dollar bears (and bitcoin bulls), suggesting it's possible the European economy strengthens from here, new leadership at the Bank of Japan (BOJ) could be more hawkish, and China may back off its zero-Covid policies – all of which might tend to put pressure on
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In commodities, West Texas Intermediate crude and European Brent crude fell 3.7% and 1.5% respectively. Safe haven gold declined 0.47%. Copper futures, often viewed as an indicator of economic health, declined 1.7%. Year to date, copper prices are down approximately 25%. Source
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Ripple struggled to clear the $0.550 resistance against the US Dollar. XRP price is now moving lower and might drop further similar
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The three-way talks with Rep. Maxine Waters (D-Calif.), the chairwoman of the House Financial Services Committee, and the Treasury Department have run into a number of sticking points, according to McHenry, the committee’s senior Republican. But he said Wednesday he’s hopeful the talks will end with a law that would
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Equity markets ended the trading week in a three-day depression after an upbeat Monday and Tuesday. The tech-heavy Nasdaq, S&P 500 and Dow Jones Industrial Average (DJIA) dropped 3.8%, 2.8% and 2.1%, respectively after non-farm payrolls increased by 263,000, a 17% decrease from August, but more than the projected 250,000.
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There are more than 180 active crypto exchange-traded-funds (ETFs), exchange-traded-products (ETPs) and trusts. Half of these products have launched since the “bitcoin bear market,” despite total assets dropping 70% to $24 billion from $84 billion, Morgan Stanley said in a research report on Thursday. Original Source
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Ether continues to slide as investors shift to a wait-and-see approach regarding future upgrades, the bank said in a research report. Source
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The economic landscape may seem dire at the moment, but it's unlikely to affect blockchain development, according to Pantera Capital CEO Dan Morehead. In an interview for Real Vision on Thursday, the venture capitalist said that he believes blockchain technology will perform based on its own fundamentals, regardless of the
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Bitcoin price plummeted consistently after it breached the $20,000 mark. Over the last 24 hours, the Bitcoin has registered very little movement. In
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“Despite the crypto space collapsing significantly since midway through Q1 22 due to the unexpected Russia-Ukraine conflict, rising inflation and the challenges experienced by the Terra crypto ecosystem, investment at midyear remained well above all years prior to 2021,” KPMG noted in its report. “This highlights the growing maturity of
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