Cryptocurrency Analysis and News Portal
Bitcoin, the largest cryptocurrency by market capitalization, was recently trading just below $29,200, roughly flat over the past 24 hours. BTC has been trading between $29,000 and $29,500 for much of the past 11 days and seems increasingly immune to outside events that once had a greater impact on prices
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The Federal Reserve’s (Fed) decision to raise the Federal Funds Rate (FFR) by 25 basis points to 5.50%, the highest level since February 2021, had little impact on the cryptocurrency market and Bitcoin (BTC), with the event described as “very vanilla” by the Journalist Ted Talks Macro. The FOMC indicated that
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Massad and Clayton’s recommendations come at a potentially pivotal time in crypto’s brief history, and amid an ongoing jurisdictional feud between the CFTC, which considers crypto a commodity and the SEC, which sees it as a security. Both agencies have filed multiple legal actions against exchanges and other key crypto
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The dollar value of the unlock amounted to 38% of the cryptocurrency's average 30-day trading volume and had potential to push prices lower, per one analyst. Original Source
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The expiry was pivotal, considering market makers in BTC options were "long gamma" and could have added to spot price moves with their hedging activities. The largest cryptocurrency by market value, however, traded listlessly between $30,000 and $31,000 in days leading up to the settlement and remained locked in the
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The Australian dollar, which is sensitive to the Chinese economy due to the strength of trade ties between the two countries, fell 0.7% against the U.S. dollar, and China's benchmark equity index, CSI, traded flat to negative. MSCI's broadest index of Asia-Pacific shares outside Japan fell more than 0.5% and
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The Fed's Federal Open Market Committee (FOMC) meets next on June 13-14, and markets overwhelmingly expect the central bank to again boost rates – a sharp change from just one month ago, when investors were nearly certain the Fed would pause in its rate hike cycle. That switch in attitude
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Among major equity indexes, the tech-focused Nasdaq Composite climbed 0.5% to hit a 2023 high, while the S&P 500, which has a vital technology component, and Dow Jones Industrial Average (DJIA) ticked up 0.2% and 0.4%, respectively. Yields on Treasurys rose, and the price of gold sank slightly to $1,990,
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC) is still the biggest cryptocurrency in the world, but it has been stumbling in recent years. Its price is below $28,000, more than half its Nov. 2021 peak when it soared to $68,700. With thousands
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Since April 18, 2023, the total value locked (TVL) in decentralized finance (defi) has been fluctuating just below the $50 billion threshold. As of today, the TVL amounts to $49.31 billion, registering a 1% increase within the last 24 hours. TVL in Defi Shows Signs of Improvement, Yet to Surpass Previous
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