The move is seen as a step to attract attention towards how crypto can hurt or completely change the global economy rather than just nations and customers individually, government sources have told CryptoX previously. However, this is perhaps the first time the RBI has articulated its "intent" as an important BankCentralCryptoFocusG20IndianIntendsMacroRisks Read More
Bitcoin was recently trading at $26,362, down about 3.1% over the past 24 hours. The largest cryptocurrency by market capitalization had been hovering in a narrow range before dipping below its recent $26,500 support early Wednesday. Markets have been roiled by an ongoing debt ceiling stalemate and inflationary and crypto 27KBTCHoldsMacroUncertainties Read More
ALSO: The stablecoin supply ratio has dropped 11% over the past 11 days, suggesting that buying power for stablecoins is increasing, writes CryptoX analyst Glenn Williams.
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Crypto’s Macro Drivers – It’s Not Just About Bitcoin
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Put another way, while the analysts examine the forest tree by tree, macro investors sit on a hill, surveying the whole valley and considering which parts of the forest will be nourished or threatened by rainfall, forest fires, changes in land use and other factors outside of the idiosyncrasies of ForestMacroTokenTrees Read More
Bitcoin (BTC) got busy testing $30,000 as new support at the April 11 Wall Street open after hitting new ten-month highs.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$30,000 surge decimates liquidityData from Cryptox Markets Pro and TradingView showed BTC/USD coming down from an overnight peak near $30,500.The pair had spent most BitcoincomedownCPIDoubleFearFuelInvalidatedMacroTop Read More
The United States Federal Reserve began its most aggressive quantitative tightening efforts in March 2022, raising benchmark interest rates in the year since from near-zero to 4.75% to 5% annually. While the central bank has successfully brought down inflation to some degree, the increasing interest rates are starting to cause analystsBitcoinsCryptoFedMacroPivotPotentialPriceProspectsUltraBullish Read More
Mask Network’s MASK token surged over 68%, becoming the top-performing token for the month. XRP rose 41%.
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Bitcoin (BTC) recovered recent losses at the March 31 Wall Street open as traders looked for a strong monthly close.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewPCE delights risk assets as with BTC price up $1,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD heading to $28,556 on Bitstamp after the opening 28.5KAccumulationBitcoincryptoexchangedataEndsExchangesHitsMacroPCEPriceZone Read More
For the past nine months, overall macro conditions have taken a back seat to the idiosyncratic failures (FTX, Terra's LUNA/UST, BlockFi, CoinDesk sister company Genesis) and success stories (the Ethereum Merge, various layer 2 launches) that drove most of the price action. But macro regained its position behind the wheel BitcoinCoindeskCryptocryptoexchangeExchangesFactorsInterestMacroMarketsmovingRates Read More