Market Wrap: Bitcoin and Other Cryptos Gain for Second Straight Week
Growth in the U.S. economy slows, the yield curve inverts but markets push higher anyway. Original Source
Read MoreGrowth in the U.S. economy slows, the yield curve inverts but markets push higher anyway. Original Source
Read MoreBitcoin (BTC) was sliding toward $20,000 on Wednesday, and the Bankless newsletter is offering traders mental health tips for surviving crypto winter. Source
Read MoreLate Friday, Ethereum was once again feeling the pinch of the broader crypto market, trading below $1,800, as prices retreated for the fourth consecutive session. In spite of these little losses, the bearish momentum has prevented ETH from breaking through the $1,800 barrier in the last seven days. After a sluggish pace
Read MoreBitcoin neared the $47,000 level in mid-March in a run that lasted a couple of weeks after a fall to $37,000 from November’s lifetime highs of nearly $69,000. The asset has since slid every week and could fall to as low as $20,000 if current market conditions continue. Original Source
Read MoreBitcoin-focused funds suffered the most, losing $132 million last week, the highest so far this year. Since the start of April, bitcoin funds have suffered a cumulative $310 million of redemptions, though for 2022 to date the funds are still sitting on a cumulative $120 million of net inflows. Original Source
Read MoreData shows the Bitcoin fear and greed index has continued to display low values for the third straight week as the market remains fearful. Bitcoin Fear And Greed Index Currently Points At “Fear” According to the latest weekly report from Arcane Research, the BTC market has now remained fearful for the 3rd
Read MoreSome $180 million flowed into digital asset funds in the week through April 1, CoinShares reported on Monday. Original Source
Read MoreCrypto Funds Suffer Second Straight Week of Outflows Original Source
Read MoreAccording to macroeconomic theory, an uptick in wages can push up inflation. As wages rise, employers pass on the increase in labor cost to the final consumer, resulting in an uptick in the general price level in the economy. Workers demand higher wages in response, setting a vicious cycle of
Read MoreBitcoin was trading lower to start the week, as markets were anticipating the release of U.S. president Biden’s executive order on cryptocurrencies. Ethereum also remained in the red, and continues to track at multi-week lows. Bitcoin Bitcoin prices were almost 12% lower from the same point last week, as prices fell
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