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Bitcoin funding rates had seen a very negative month between mid-June and mid-July. The funding rates, which had previously remained muted, quickly declined below neutral and proceeded to spend the next one month on this level. However, there is a significant change as last week saw funding rates return to
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By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock Despite last week’s news regarding the latest inflation data, the crypto market has seen a relief rally since.
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Natural disasters in the United States are becoming more prevalent, resulting in increasing costs, a lack of transparency between state and government organizations and a slew of other issues impacting relief systems. The Pew Research Center found that the Federal Emergency Management Agency’s (FEMA) public assistance program spent 23% more on
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“It’s foolish to forgo the wider macro context in which crypto and finance operate,” one analyst said. Original Source
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Bitcoin reached a new 18-month low of $17.5K on Sunday before quickly recovering above $20K in the hours that followed, providing some breather to the heavily stressed out bear market. According to data from CoinMarketCap, Bitcoin has rebounded by little over 15 percent in the last 24 hours, rising from its
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Bitcoin (BTC) buyers took some profits below the $33K resistance level. Long-term momentum remains negative, capping upside moves in price. For now, lower support is at $25K-$27K. Source
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By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin rallied tremendously yesterday, as it soared above the short-term range between $28,500 and $30,600. Last week many
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Bitcoin (BTC) buyers are reacting to oversold conditions, which could stabilize price action and delay additional breakdowns. Short-term momentum is improving. Original Source
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“The extent of the damage caused from the depegging of recent stablecoins, and collapse of LUNA is unknown and will likely continue to play out in the weeks to come, but we expect that recent events in the crypto market to be catalysts for regulation, particularly around stablecoins, which we
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Ethereum has bled heavily owing to the aftermath of the crypto crash. Prices of other altcoins followed suit as Bitcoin hangs below the $30,000 price mark. Ethereum’s current price has hit a new low in 2022. The altcoin had tried to pull off a brief recovery a week back but the
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