Markets

Bitcoin

Ethereum and XRP Looking More Attractive as Investors Rush to Exit Bitcoin Funds

Investors redeemed a net $141 million during the seven days through June 4, the highest weekly total on record, according to CoinShares.

Markets  ·  7 June 2021
Bitcoin

Deutsche Bank Issues Stark US Inflation Warning, Seeing Economic Parallels to 1940s, 1970s

Inflation could send the global economy into recession as central banks lose control, according to Deutsche Bank.

Markets  ·  7 June 2021
Bitcoin

Bitcoin Struggles Below $40K; Upside Limited as Trend Weakens

BTC remains in a tight trading range as the uptrend weakens. Upside appears limited this week.

Markets  ·  7 June 2021
Bitcoin

Bitcoin, Gold Are Likely to Withstand Fed Taper, SkyBridge Capital Says

They will show resilience even if the central bank curtails its monetary stimulus program.

Markets  ·  7 June 2021
Bitcoin

Upside Elusive for Bitcoin as Yellen Says Fed Rate Hike a ‘Plus’

Yellen's rate-hike comments and lingering China regulatory concerns dominate market sentiment.

Markets  ·  7 June 2021
Bitcoin

Polygon’s MATIC Token Ended May Up 120% Despite Bitcoin’s Price Crash

MATIC's monthly gain proves that a cryptocurrency backed by growing usage can weather broader market sell-off.

Markets  ·  5 June 2021
China

Bitcoin, Other Cryptos Fall After Weibo Blocks Rekindle Fears of China Crackdown

Concerns of a crackdown by Beijing have been weighing on the market over the past weeks.

Markets  ·  5 June 2021
First Mover

Africa ‘Is Leading Global Cryptocurrency Adoption’: Paxful CEO

Paxful CEO Ray Youssef said all eyes should be on Africa right now.

Markets  ·  4 June 2021
Bitcoin

Market Wrap: Musk-Induced Sell-Off Spurs Crypto Price Drop Before a Slight Recovery

Bitcoin dipped below $36K and ether fell under $2.6K on Tesla CEO’s bearish tweets, wiping out some leveraged players in the market.

Markets  ·  4 June 2021
Binance

NU Rallies 44% on Binance Listing While Bitcoin, Ether Fall on Musk Tweet

NU is one of the few coins that has shown positive gains in the past day.

Markets  ·  4 June 2021
Federal Reserve

US Added 559K Jobs in May, Missing Estimates Again

The sluggish economy could prompt the U.S. Federal Reserve to more slowly toward tapering its $120 billion in monthly bond purchases.

Markets  ·  4 June 2021
Bitcoin

Open Positions in CME-Based Bitcoin Futures Slump to 5 1/2-Month Low

Open interest in the CME's standard bitcoin futures contract has hit the lowest since mid-December.

Markets  ·  4 June 2021
Technical Analysis

Bitcoin Runs Into Offers Above Price Hurdle Ahead of US Nonfarm Payrolls

A strong NFP could bring more losses to the already weak bitcoin market.

Markets  ·  4 June 2021
Bitcoin

Bitcoin Drops After Musk Tweets of Breakup

Musk's broken heart sent BTC down nearly 7%.

Markets  ·  4 June 2021
Bitcoin

Market Wrap: Bitcoin Fails Test of $40K While Ether Loses Steam Near $2.9K

Meanwhile, the cost of gas fees on the Ethereum network is near a three-month low.

Markets  ·  3 June 2021