Cryptocurrency Analysis and News Portal
"The Fed's response to COVID increased the money supply by over 40%, directly providing stimulus checks and indirectly growing capital reserves through quantitative easing," IntoTheBlock's research head Lucas Outumuro said. "Now that the 'money printer' is expected to slow down, markets have been anticipating a hangover from the excessive stimulus
Read More
The price of Bitcoin plummeted below $40,000 on Monday, while other cryptocurrencies saw losses, according to Coingecko data. BTC is trading extremely close to two long-term support levels but has not yet demonstrated any bullish reversal indicators. This comes as investors remain wary of the situation in Ukraine and the possibility of
Read More
This is the last time that Powell is scheduled to deliver public remarks before Federal Reserve officials go into the FOMC blackout period before their two-day meeting on May 4. During these blackout periods, the officials are supposed to refrain from making comments on the economy or interest rates. Source
Read More
Bitcoin was rejected as it approached the high area around its current levels. The first crypto by market cap could return to previous lows as it continues to trade in a tight range. Related Reading | Bitcoin Retail Reaches Second-Highest Buying Rate In History. Good Or Bad? The start of the
Read More
"As DAOs spread, they will usher in a new way of working and a fierce new era of digital competition, and in doing so, transform traditional organizations." (EY Global Blockchain Leader Paul Brady, for CryptoX) ... "But whether the economy can withstand rising rates during a period of geopolitical turmoil
Read More
Demand for bitcoin was supported by the strengthening of stock indices and the weakening of the dollar, analysts said. Original Source
Read More
Bitcoin (BTC) held $40,000 on March 17 after an anticipated key interest rate hike from the Federal Reserve delivered a strong response.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewFed singles out Ukraine war in inflation commentsData from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing to local highs of $41,500 after the
Read More
Generally, altcoins outperform during bull markets because they have a greater risk profile relative to bitcoin. And during down markets, bitcoin outperforms as investors reduce their exposure to risk. So, when correlations are high, there is less opportunity to reduce volatility in a crypto portfolio, which is why some traders
Read More
The blockchain community got a bit of good news on March 14 after regulators in the European Parliament's Committee on Economic and Monetary Affairs rejected a ban on proof-of-work (PoW) based cryptocurrencies like Bitcoin (BTC) that would have had significant ramifications for the crypto industry. Data from Cryptox Markets Pro and TradingView
Read More
Bitcoin (BTC) upped the volatility into the weekly close on March 13 as markets braced for geopolitical and macro economic cues.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewLong-awaited Fed action set to come this weekData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it again came close to testing $38,000 support
Read More