Cryptocurrency Analysis and News Portal
Quick take: Bobby Won has forecasted that the next 12 to 18 months in the crypto-markets will be challenging. He cites the US Fed increasing interest rates to tame inflation as the reason to expect more pain in the crypto markets. The Bitcoin and Crypto market will not be short, and we have
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Bitcoin has had a rough couple of weeks leading up to this moment and the effects of this are still being felt all across the board. This has seen bitcoin’s price crumble below $30,000 once more. Along with this fall has come some other brutal news for the digital asset.
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After Jerome Powell’s press conference all markets reacted aggressively and then swiftly retraced their moves as market sentiment shifted overnight. Source
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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cryptox in one link.Top Stories This WeekFed hikes interest rates by 50 basis
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On-chain data shows the Bitcoin funding rates have observed a rise again, suggesting that another long squeeze may be in store for the crypto. Bitcoin Funding Rates Show Relatively High Positive Value As explained by an analyst in a CryptoQaunt post, the current positive funding rates may mean the price could observe
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Bitcoin (BTC) rose by as much as 5% over the past 24 hours, tracking moves in stocks, as the U.S. Federal Reserve eased concerns about slowing economic growth. Wednesday's rate hike was expected by market participants. Source
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Bitcoin (BTC) consolidated under $40,000 on April 23 as market expectations favored further losses.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Extreme fear" accompanies Bitcoin's descent to $39,200Data from Cryptox Markets Pro and TradingView followed a bearish BTC/USD after the pair touched $39,200 on Friday's Wall Street open.Falling in line with stocks, Bitcoin
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But there are also significant structural and transparency differences in crypto that make an impact. Most of all, a conventional startup with high spending in excess of income, or “burn rate,” will see its equity value drop faster in a higher interest rate environment because “burn” implies future borrowing. But
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Global markets company and Chicago-based derivatives exchange CME Group plans to launch 11 new reference rates tied to specific crypto assets. The reference rates and real-time indices bolstered by CF Benchmarks are typically leveraged by exchange-traded products and other investment vehicles. 11 Crypto Assets Get Reference Rate Treatment From CME
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Meanwhile, some Anchor users criticized the development on the proposal’s official discussion forum. “Anchor’s competitive advantage is a STABLE deposit rate. If we switch to a dynamic rate we’re giving up on that advantage,” pseudonymous user ‘fulltimecrypto' wrote. Other users were more upbeat. “We’re big enough now. It’s time to
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