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The bullish optimism seen earlier in the week was dialed back on Nov. 4 after recent comments from U.S. Federal Reserve Chairman Jerome Powell confirmed that the central bank would soon start to taper its monetary policy of easing and bond buying. These statements appear to have kicked off a series
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Bitcoin whales or large investors with ample capital supply appear to be buying again as fears of inflation lurching out of control strengthen the case for investing in store of value assets.Large investors, holding at least 1,000 BTC, snapped up 142,000 coins last week, taking the cumulative tally to nearly
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Join Cryptox host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman as they break down the latest news in the markets this week. Here’s what to expect in this week’s markets news breakdown:Then, special guest Big Cheds shares some technical analysis on trending charts, the
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Bitcoin jumped to a fresh five-month high early Monday, extending the two-week price rally even though Friday’s weak U.S. jobs report failed to dampen expectations for Federal Reserve (Fed) tapering in November. The market also turned a blind eye toward the data showing supposedly bearish positioning by leveraged funds in
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Resistance is mounting to United States President Joe Biden’s reported plans to tap a staunch banking and crypto critic to run the Office of the Comptroller of the Currency.The proposed nomination of law professor Saule Omarova to head the federal bank regulatory agency has raised eyebrows in political and financial
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Axie Infinity’s native cryptocurrency, Axie Infinity Shards (AXS), bounced higher on Sept. 23 as the market’s focus shifted to its listing on two major crypto trading platforms, Bitfinex and Bitstamp.The AXS/USD exchange rate surged 15.52% to $69.86, negating all the losses that it incurred at the beginning of the week.
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Bitcoin fell as concern over China and caution ahead of this week’s Federal Reserve meeting weighed on U.S. stock index futures. Speculation that the U.S. government may declare stablecoins as a risk to the financial system could be adding to uncertainty in the crypto market.The top cryptocurrency by market value
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Bitcoin (BTC) inched higher on Sept. 18 as the focus shifted to the Federal Open Market Committee's (FOMC) policy meeting in the wake of lower inflation numbers last Tuesday.The BTC/USD exchange rate approached $49,000 on the Coinbase exchange, hitting $48,825 before turning lower on interim profit-taking sentiment. Nonetheless, the move
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Stocks of major vaccine makers rose on Monday amid renewed outbreak of COVID-19. Moderna CEO adds that vaccine makers have a huge opportunity for growth.Moderna Inc (NASDAQ: MRNA), BioNTech SE (NASDAQ: BNTX), and Novavax Inc (NASDAQ: NVAX) all saw their stock prices rise remarkably in the face of renewed mounting
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Ethereum's native asset Ether (ETH) crossed above $3,000 in an extended upside rally on Aug. 7, hitting a three-month high. Nevertheless, the cryptocurrency's incredible move upside also boosted its possibilities of facing a bearish backlash.An on-chain indicator that tracks the total percent of Ethereum addresses in profits predicted the said
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