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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
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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
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On March 23, Bitcoin (BTC) price recovered the $28,000 support after a brief correction below $27,000. The movement closely tracked the traditional financial sector, particularly the tech-heavy Nasdaq Index, which gained 2.1% as Bitcoin surpassed the $28,000 threshold.On March 22, the Federal Reserve raised its benchmark interest rate by 0.25%,
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The show Macro Markets, hosted by Marcel Pechman, which airs every Friday at 12 pm ET on the Cointelegraph Markets & Research YouTube channel, explains complex concepts in layman’s terms and focuses on the cause and effect of traditional financial events on the day-to-day crypto activity.In the show’s inaugural episode
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Bitcoin (BTC) is leaving traders guessing as the future of the bull market depends on the last week of February.In multiple tweets on Feb. 17, popular trader and analyst Rekt Capital flagged crucial resistance battles ongoing on BTC/USD across multiple timeframes.Bitcoin price squares off with bear market downtrendBitcoin hit new
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The collapse of FTX and related developments did more to pull up or push down the price of Bitcoin (BTC) throughout Q4, compared to macroeconomic events such as rate hikes, according to research.In a “State of Bitcoin Q4 2022” report published on Feb. 10, Messari research analysts Sami Kassab and
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Bitcoin (BTC) flashed volatility at the Jan. 6 Wall Street open after fresh United States economic data disappointed risk-asset bulls.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: BTC price in line for $17,000 retestData from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $16,669 on Bitstamp around non-farm payrolls and unemployment
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Slower inflation often portends a decline in corporate profitability, which is yet to be priced in by risk assets, Steno Research's Andreas Steno Larsen said. Source
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The repercussions of the cataclysmic FTX downfall are going to be broader than the crypto markets, as they will accelerate downward moves in stocks and commodity markets, according to Mike McGlone, senior marco analyst at Bloomberg.“Bitcoin has been one of the leading indicators on the way up, and it’s a
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The world is upside down. Is bitcoin stable now? Or is everything else extremely volatile all of a sudden? As the planet
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