Coinbase Pares Back Hiring Plans Amid Weak Earnings, Poor Market Condition
The exchange previously planned to hire as many as 2,000 employees earlier this year. Original Source
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Cryptos Mixed as Volatility Fades; Traders Expect a Weak Recovery
Technical indicators suggests a weak price recovery for bitcoin, which requires another weekly close above $30,000 to encourage buying activity. Still, the recovery could fade at around $33,000-$35,000 because of negative momentum signals on the charts. Original Source
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Coinbase Shares Plunge as Weak Earnings Prompt Near-Term Caution
Coinbase is trading as though it will “burn through all of its cash and then become insolvent,” Mark Palmer, BTIG’s equity research analyst said in a note. Eventually, investors will recognize an opportunity in the shares, he said, calling the stock drop “greatly overblown.” BTIG maintained a buy recommendation and
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Bitcoin Sell-Off Continues as Asian Markets Fall Amid Weak China Cues
Bitcoin continues losses as major markets around Asia end the week Source
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Descending channel pattern and weak futures data continue to constrain Ethereum price
Despite bouncing from a 45-day low on April 30, Ether (ETH) price is still stuck in a descending channel and the subsequent 9% gain over the past four days was just enough to get the altcoin to test the pattern's $2,870 resistance.Ether/USD price at FTX. Source: TradingViewFederal Reserve monetary policy
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Markets are weak, but ALGO, FXS and HNT book a 20%+ rally — Here’s why
Large-cap cryptocurrency continue to slump as investors await comments from the Federal Open Markets Committee regarding the exact size of the next interest rate hike.There are, however, a few bright spots in the market and select altcoins managed to post double-digit gains in trading on May 3, thanks to a
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Ripple CEO Optimistic On SEC Case, Why XRP Saw Weak Response
In an interview with CNBC, Ripple CEO Brad Garlinghouse revealed to feels optimistic about the company’s future and its legal battle. The payment solution company was sued by the U.S. Securities And Exchange Commission (SEC) in 2019 for the alleged illegal sales of a security, XRP. Related Reading | Price Analysis: Where’s
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Bitcoin Decouples from Stocks Ahead of Seasonally Weak March
Historically, March tends to be a difficult month for bitcoin and equities. Analysts expect macroeconomic and geopolitical risks to linger, which could cause short-term volatility. At a later point, price action could stabilize as the probability of positive BTC returns increases over the next few months. Source
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First Mover Asia: Crypto Prices Plunge Late After Weak Meta Earnings
Good morning. Here’s what’s happening:Market moves: Bitcoin ended its two-day winning streak with heavier selling pressure during late U.S. trading hours.Technician's take: BTC's pullback could continue into the Asia trading day; initial support at $35K.Catch the latest episodes of CryptoX TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin
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Case for Bitcoin Bottom Near $40K Is Weak as Institutions Stay Away
While the bitcoin options market has recently shed its bearish bias, some analysts remain unconvinced about the strength of the move owing to weak institutional demand and the cryptocurrency's sensitivity to macro factors."There is no sign of an institutional pullback, which is the key for a rally," said Laurent Kssis,
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