Solana Surges to 14-Month High; Sell Pressure Lingers as FTX Unstakes $67M Tokens
tktk Original Source
Read MoreBitcoin was recently outperforming Ether, the second largest crypto in market value, and other major altcoins by market capitalization. ETH was changing hands at $1,853, down 0.5% from Sunday, same time. SOL, TRX and MATIC, the tokens of smart contract platforms, Solana, Tron and Polygon, were recently off 1.8%, 2.3%
Read MoreIn the "First Mover" interview, Todaro predicted that Coinbase trading volumes for its second quarter (ending June 30) should be the poorest second quarter since the exchange started trading publicly in 2021. But he said July volumes "are okay," and that investors should already have priced in the company's Q2
Read MoreBTC and ether both lost ground in May, the first monthly decline of 2023. LTC and RNDR were among the month’s big gainers. Source
Read MoreBut assets of all stripes seemed largely unmoved by Thursday’s jobs data, which showed 229,000 Americans filing unemployment benefits last week, well below the anticipated 245,000, and the U.S. economy expanding 1.3%, the third consecutive quarter of growth. Earlier this year and throughout 2022, such news might have sent digital
Read More"Price reaction to macro data hasn't been as significant in the last few weeks," Katie Talati, head of research at blockchain asset management firm Arca, told CryptoX TV. "I think mostly, same as equities, everyone feels like a lot of the macro moves are baked in. A lot of what
Read More“After celebrating disinflation greenshoots the past two months, the Federal Reserve has had to restart its hawkish positioning by talking tough on rate hikes, I think it's interesting to note that they were parading their hikes as having a substantial impact on inflation, and then it became clear that
Read MoreEther, the second largest crypto by market cap, behaved similarly, dropping from its previous support comfortably above $1,600 to about $1,546, a 6.6% decline from Wednesday same time, that was part of a wider market downswing. The drop-off after a five-week spike began after Coinbase CEO Brian Armstrong tweeted Wednesday
Read MoreCompanies are taking steps to mask their industry ties during a time of scandals and losses. Original Source
Read MoreTypically, investors reduce their exposure to speculative assets, such as stocks and cryptos, when faced with high uncertainty. So far this year, the S&P 500 is down about 12%, compared with a 17% decline in bitcoin (BTC). Meanwhile, gold, a traditional safe haven asset, is up 3% over the same
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