Negative Correlation Hits Pre-Pandemic Levels
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Read MoreMoody’s recently downgraded the U.S. credit rating outlook to “negative” from “stable.” This has led to speculation that Bitcoin could be a safe haven asset for investors looking to hedge against the potential risks of a weakening U.S. economy. Moody’s Investors Service has indicated a potential downgrade of the U.S.’s top
Read MoreA recent surge of negative sentiment against the decentralized staking protocol Rocket Pool (RPL) has puzzled data onlookers. According to crypto analytics provider Santiment, RPL saw a spike in mentions on Nov. 6, topping the trending chart with 40% of that chatter’s negative tone. The vitriol stands in stark contrast to the
Read MoreAnalysts have warned that the rise in the bond yields could pose significant challenge to equity market and other risky investments like crypto. On Tuesday, October 3, the US equity market came under major selling pressure as the US 10-year Treasury Yield surged to the levels last seen 16 years
Read More"The impending U.S. August CPI data will likely show a rebound in inflation, which means the Federal Reserve (Fed) will probably take additional liquidity-tightening measures to curb reflation. In liquidity redistribution, crypto assets are prioritized last, which means that the liquidity stored in crypto assets could be withdrawn and invested
Read MoreOn-chain data shows the Bitcoin exchange netflow has remained at negative values recently, which could play in the favor of the asset. Exchanges
Read MoreEthereum price declined heavily below $1,800 and $1,700 against the US Dollar. ETH could resume its decline and test the $1,500 support
Read MorePast data shows bitcoin tends to drop 2% on the day MSTR announces new purchases. Source
Read MoreNegative funding rates indicate dominance of bearish positions in the perpetual futures market. Source
Read MoreThe US Commerce Department’s recent shows that economic growth and GDP have slowed even as Bitcoin struggles to regain $30,000. The price of Bitcoin (BTC) has remained relatively stagnant for about a week as the US gross domestic product (GDP) is slowing. Currently trading at $28,870 according to CoinMarketCap data, BTC
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