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The mega-cap tech stocks, which saw a robust start in 2023, are now grappling with massive trillion-dollar losses, leaving their shareholders concerned. Wall Street's unease over surging bond yields and higher interest rates has cast a shadow on these companies. Traders are now pondering the potential impact on Bitcoin (BTC)
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Bitcoin dominance has regained 51 percent of the total crypto market valuation despite the recent struggle to rally beyond $28k amid short-term market uncertainty caused by puzzles of economic geopolitics. Amidst a global shift in economic outlook triggered by the BRICS alliance, Bitcoin (BTC) has been identified as a crucial instrument
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Bitcoin price is struggling below the $26,500 resistance. BTC could accelerate lower if there is a close below the $26,000 support in
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Bitcoin Cash price is holding the key $180 support against the US Dollar. BCH seems to be aiming for a fresh increase
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Dogecoin is down over 10% and trading below the $0.070 resistance against the US Dollar. DOGE could extend losses if there is
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"Based on one quantitative approach, Ether's fair value appears closer to $1,000 or 46% lower than current prices ($1,856). While we do not necessarily predict such a decline, there is a zero-cost way to position for this decline (zero-cost, but not zero-risk)," Thielen wrote in an email. Source
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Ethereum (ETH) has been on a downward trend with the $2,000 level forming a crucial resistance level in recent months.While Bitcoin (BTC) recorded 11.94% gains moving past $30,000 in June after BlackRock filed an ETF application with the U.S. Securities and Exchange Commission, the upside in ETH stayed around 3.16%.In
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The six-month call-put skew, which measures the difference between what investors are willing to pay for bullish calls and bearish puts expiring in 180 days, has declined to -1, the lowest since March 13, according to data from leading crypto options exchange Deribit, tracked by Amberdata. Source
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By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Bitcoin has dropped to $28,000 and sits currently on a key support level. From a technical
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Equity markets began the day in the red following the latest corporate earnings reports from some of the world’s largest firms, including Microsoft. The tech giant’s recent conference call was considered disappointing, and earnings from firms such as Boeing, Texas Instruments, and 3M were also lackluster. Gold and silver prices
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