Crypto Market Stable, Oil Prices Surge as Hamas Attack on Israel Jolts Markets
The U.S. pre-market futures slid Monday morning, while stock indexes in Asia slumped. Original Source
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Markets
Crypto Markets in Hong Kong and China Remain Active Despite Crypto Winter
Chainalysis said that Hong Kong dominates in large institutional crypto transactions compared to other Asian regions. Its data shows that 46.8% of Hong Kong's annual crypto trades were institutional transactions exceeding $10 million, while retail trades under $10,000 accounted for just 4% of the City’s volume, marginally below the global
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Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets
The U.S. economy has been facing turbulent times lately, with the U.S. personal consumption expenditure (PCE) inflation index rising by a significant 3.5% over the past 12 months. Even when excluding the volatile food and energy sectors, it's evident that the efforts made by the U.S. Federal Reserve to curb
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What it means for crypto markets
The FTX bankruptcy lawsuit reached a key juncture in the second week of September after the United States Bankruptcy Court for the District of Delaware approved the sale of $3.4 billion worth of crypto assets.The court also approved $1.3 billion in brokerage and government-recovered assets as part of the liquidation
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Bitcoin (BTC) Needs ‘Chaos’ in Broader Markets to Grow, Trader Says
FxPro markets analyst Alex Kuptsikevich told CryptoX in a daily note that while cryptocurrencies saw increased buying equity markets were under the most pressure as the dollar was gaining momentum. However, this momentum didn't last long, which dampened bullish outlooks. Source
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European Markets Hit Lowest Levels in Months amid Growing Inflation
The day’s trading was marked by mediocrity, with the European markets generally treading water before closing in the red. European markets endured a challenging day on Wednesday, with the region’s benchmark, the Stoxx Europe 600 (INDEXSTOXX: SXXP), closing at its lowest level since March 28, according to data from LSEG. Lingering
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Tradecurve Markets rallies in presale, PancakeSwap and ApeCoin remain under pressure
Most investors want to end the year on a high note. As such, they are actively exploring multiple projects, including Tradecurve Markets, a hybrid exchange. Amid this development, experts note that PancakeSwap (CAKE) and ApeCoin (APE) have lost their shine. PancakeSwap partners with Transac PancakeSwap, a decentralized exchange, has partnered with Transac to
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What’s Next for Bitcoin (BTC) Prices Amid the Return of U.S. Markets Correlation?
“The positive correlation between cryptocurrencies and the stock market is temporarily back on track,” shared Alex Kuptsikevich, the FxPro senior market analyst, in a note to CryptoX. “Despite the storm in the equity markets, the crypto market remains subdued, losing only 0.3% in 24 hours to $1.045 trillion.” Source
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Binance Academy Notes 62% Increase in Usage Led by Learners from Emerging Markets
The platform’s usage is not limited to individual users but also extends to educational organizations. Global crypto exchange Binance’s open-access blockchain and crypto education platform Binance Academy has reported a 62% increase in the number of users. According to platform data, from September 2022 to August 2023 there was a marked
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How a Spot Bitcoin ETF Could Revolutionize Markets Like Gold ETFs Did
Like gold ETFs, a bitcoin ETF would make it significantly easier for a broader range of investors to gain exposure to bitcoin. It eliminates the need for investors to directly buy and store bitcoin. While this difficulty did not discourage early adopters, it can be a complex and daunting process
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