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Bitcoin moved below $22,000 on Friday’s session, as sentiment in cryptocurrency markets remained bearish. Volatility in markets has risen in recent days, following comments from U.S. Fed Chair Jerome Powell, who hinted at ongoing rate hikes. Ethereum also dropped, falling under $1,600. Bitcoin Bitcoin (BTC) extended recent declines on Friday, with prices
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Based on CryptoQuant data, one observer notes that whenever the Bitcoin hash rate records new highs, as is the case in late January 2023, coin prices tend to retrace as the upside momentum fades. Extending this preview on current BTC rates, the analyst predicts that prices may rise above the current
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A Bitcoin on-chain indicator is currently forming a pattern that has previously led to significant selloffs of the cryptocurrency. Bitcoin 100-Day SMA Supply Adjusted Dormancy Has Rapidly Gone Up As pointed out by an analyst in a CryptoQuant post, the selloff could potentially be even stronger than the one seen in November
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The market cap of Apple is currently less than $2 trillion following supply chain headwinds in December caused by COVID in China.The market cap of Apple (NASDAQ: AAPL) sank below $2 trillion on Tuesday for the first time since May last year. This plunge happened as the tech giant’s shares
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Notably, the Federal Reserve and European Central Bank (ECB) have noted their intentions to increase interest rates. Following a brief break this week, the Dow Jones Industrial Average and other stocks dipped on Thursday, with a year-end selloff returning to Wall Street. This is barely a week after
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As the Treasury yields bounce, the top market indices also have their share of mixed performance, and the crypto industry continues to wallow in losses. After recording a sell-off earlier in the week, the US Treasury yields have declined as investors return to the bond market. An unexpected
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Grayscale Bitcoin Trust (GBTC) remains the largest bitcoin trust in the world with billions of dollars worth of BTC, but in the last year, the trust has had a hard time keeping up with the market. The result of this has been a large premium that has continued to
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Solana (SOL), post-FTX life, has been very rough. On a monthly and biweekly time frame, CoinGecko data shows bearishness, while daily and weekly time frames show modest appreciation. What this proves is that the wounds left by the demise of FTX have not been healed by Solana’s native token. Ever since FTX collapsed,
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The crypto market often runs on a cycle of highs and lows. Conscious investors leverage the lows to enrich their wallets with assets awaiting the bull run. This quarter’s bearish trend is no exception. The past few weeks in the crypto market have been filled with massive losses following the FTX
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MATIC’s price lost its demand zone as the price struggled to hold above $0.7. MATIC’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors. MATIC’s price looks weak as the price struggles to hold above $0.7, with the possibility of reclaiming the
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