Markets

Bitcoin Holds Short-Term Support; Faces Resistance at $41K

Upside momentum has been weak, which means the corrective phase from May is not yet complete.

Markets  ·  17 June 2021

Bitcoin Holders Become Net Buyers for First Time Since October as ‘Death Cross’ Looms

"The data show HODLers are buyers here," one research firm noted.

Markets  ·  17 June 2021
Bitcoin

Market Wrap: Bitcoin Declines as Fed Projects Interest Rate Rise in 2023

The U.S. central bank also increased estimates of coming inflation to 3% from the 2.2% projection in March, largely due to transitory factors.

Markets  ·  16 June 2021
Bitcoin

Bitcoin Hashrate Drops to 6 1/2-Month Low After China Mining Crackdown

The Bitcoin network's processing power could rebound if miners relocate to other locales, one analyst predicts.

Markets  ·  16 June 2021
Federal Reserve

Federal Reserve Officials Raise 2021 Inflation Projection, Powell Addresses Asset Purchases

This was a significant increase from the 2.4% officials were predicting in March.

Markets  ·  16 June 2021
Bitcoin

Bitcoin Upside Fades; Lower Support at $34K

BTC faces slowing momentum as buyers struggled at resistance. Upside limited with lower support at $34K.

Markets  ·  16 June 2021
Bitcoin

Bitcoin Enters Wait-and-See Phase Ahead of Fed Statement

Wednesday's Fed policy statement is likely to see a binary market reaction.

Markets  ·  16 June 2021
Bitcoin

Market Wrap: Attempts to Push Bitcoin Above $40K Stall

Some analysts are optimistic while others prefer to see stronger signs of upside momentum before calling a bottom.

Markets  ·  15 June 2021
Bitcoin

Most Fund Managers Say Bitcoin Still in a Bubble: Bank of America Survey

The results are up six percentage points from last month’s data, indicating sentiment on Wall Street has turned more bearish.

Markets  ·  15 June 2021
Bitcoin

Open Positions in Bitcoin Futures Rise to 1-Month High

Open interest rose to $13.1 billion after being in the $10.5 billion to $13 billion range.

Markets  ·  15 June 2021
Bitcoin

Hunt for Yield: Wrapped BTC Now Holds More Than 1% of Bitcoin’s Circulating Supply

The trend shows how some savvy crypto traders have pivoted to salvage or maintain returns even as bitcoin's price tumbled.

Markets  ·  15 June 2021
Opinion

Kim Kardashian and Ethereum Max. Why?

What is ethereum max? Here's what we found after some quick research into Kim K's new favorite (?) crypto.

Markets  ·  15 June 2021
Bitcoin

3 Things to Watch for Before Calling a Bitcoin Bottom

The Fed's dot plot may show rate hikes before end-2023 versus the March projections that signaled none until 2024, one analyst said.

Markets  ·  15 June 2021
Bitcoin

Bitcoin Stalls at Resistance; Lower Support at $36K

However, the short-term trend is improving as the daily chart advances from oversold levels.

Markets  ·  15 June 2021
DeFi

DeFi Projects Continue Flocking to Layer 2 Solution Polygon

Polygon’s cheaper transaction costs and faster block time have driven increased adoption by a number of major projects.

Markets  ·  15 June 2021