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The significance of OPEC+ in the global oil market cannot be understated, as the alliance accounts for approximately 40% of the world’s crude oil production. The impact of Saudi Arabia’s decision to cut oil output has been immediate with oil prices rising in response, reflecting the expectation of a tightening supply. According
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Early investors are likely sitting on significant gains and could choose to take profits, contributing to immense selling pressure. As such, immediately available liquidity on OP token pairs across decentralized and centralized exchanges is under $10 million – and a single sell order of $600,000 could dunk prices 2% further
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Virtual land metaverse projects such as Decentraland, Voxels, The Sandbox, and others, have experienced a significant plunge in floor prices of their NFTs between 2022 and 2023. The move down left digital collectible and non-fungible token (NFT) enthusiasts questioning the future of the digital real estate market. Metaverse enthusiasm fading A new study
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Injective protocol, the decentralized derivatives trading exchange, has activated the Avalon upgrade on the mainnet. In response, INJ, the protocol’s native token, is up 14.4% in the past 24 hours and is one of the top
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Investors in InQubeta (QUBE) are bullish, expecting substantial price increases this year, unlike holders of polygon (MATIC) and uniswap (UNI), whose portfolio values continue to decrease. InQubeta brings startups that focus on artificial intelligence (AI) and investors
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“Stablecoins are the liquidity of the crypto ecosystem. The more liquidity, the more ability for investment and speculation,” Tom Dunleavy, macro analyst said in a note to CryptoX. “The continued reduction, despite the growing number of applications, says to me we are still not out of the woods for this
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A portfolio with 3% weight in BTC, 58.5% in stocks and 38.5% in bonds has outperformed the classic 60% equities, 40% bonds investment over the years. Even when it’s measured from January 2018, near when cryptocurrency prices entered a two-year bear market, the portfolio that included BTC would have outperformed
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Bitcoin (BTC) was trading over $27,000, recovering some lost ground after its plunge last week. This came as crypto exchange Binance announced that it would cease operations in Canada, citing the challenging regulatory environment. Dunleavy Investment Research crypto strategist Tom Dunleavy shared his markets analysis. Separately, EY Global blockchain leader
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Bitcoin crossed above $31,000 on April 14, hitting the highest since June 2022, per CryptoX data. Since then, the cryptocurrency's price has dropped by 12% to $27,500, while Nasdaq has risen by over 2% since mid-April. The Nasdaq-to-S&P 500 ratio, which bitcoin has closely followed in the past, has also
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In today’s The Market Report episode, analyst and writer Marcel Pechman discusses why crypto prices are going down after Bitcoin (BTC) failed to break above $29,000, plus whether or not Jerome Powell is lying about keeping interest rates above 5%, and lastly, what Warren Buffett meant by the “incredible period”
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