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In a Telegram message to CryptoX, Strahinja Savic, head of data & analytics at crypto-focused, institutional capital markets and advisory platform FRNT Financial, noted that stocks and cryptos had fallen together instead of diverging as they have over the past couple of months. “Today crypto dips with risk assets, tomorrow
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied MakerDAO, an Ethereum-based DeFi protocol, is preparing for a crucial vote on a proposal to increase the Dai stablecoin (DAI) savings rate (DSR) to 3.33%. If implemented, this change would likely have far-reaching effects on
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The community of Ethereum-based decentralized finance (DeFi) protocol MakerDAO will soon vote on a proposal seeking to increase the Dai stablecoin (DAI) savings rate (DSR) to 3.33%. If it all goes through, the move is tipped to have broader implications for rates across DeFi.In a May 26 tweet, the Maker
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BTC/USD 1-hour candle chart on Bitstamp. Source: TradingViewBitcoin shrugs off new U.S. inflation woesData from Cointelegraph Markets Pro and TradingView showed BTC/USD nearing $27,000 on Bitstamp.The pair rose unexpectedly after the day’s Personal Consumption Expenditures (PCE) data showed its first rises since October 2022.Such a reading should present a headwind
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The ongoing negotiations surrounding the US debt ceiling have been a key focal point for investors as the June 1 deadline approaches. The United States Treasury bond market experienced a decline in yields on Friday as investors eagerly await the release of key inflation data and updates on debt ceiling negotiations. According
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Bitcoin (BTC) nudged $27,000 after the May 19 Wall Street open as the Chair of the United States Federal Reserve delivered comments on policy.BTC/USD 1-hour candle chart on Bitstamp. Source: TradingViewBTC price volatility returns as Powell speaksData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it attempted to reclaim
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Bitcoin (BTC) traded back below $27,000 on May 19 as analysis flagged large-volume trades pressuring price.BTC/USD 1-day candle chart on Bitstamp. Source: TradingViewInflation specter haunts crypto marketsData from Cryptox Markets Pro and TradingView showed BTC/USD hitting lows of $26,380 on Bitstamp.A modest recovery then took the pair to a range
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Bitcoin is on a roll in 2023, breaking records left and right. For instance, on May 2, at block height 787,895, the cryptocurrency’s hashrate soared to 491 exahash per second (EH/s). Moreover, on April 20, at block height 786,240, the difficulty hit a new high of 48.71 trillion. But that’s
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Investors believe it is highly likely that the target rate will remain unchanged at the June 14 Federal Open Market Committee (FOMC) meeting, following the U.S. Federal Reserve’s decision to increase the federal funds rate by 25 basis points on May 3. As the battle against inflation in the U.S.
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The Mortgage Bankers Association said there was a 10% jump in homeownership demand last week in anticipation of paused rate hikes. Mortgage demand in the US recently climbed considerably after the Federal Reserve signaled that it could pause interest rate hikes. The increase in applications for home-buying was a direct result
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