America’s leading cryptocurrency exchange, Coinbase, plans to expand its business in jurisdictions that are adopting clear regulations for the sector. These include markets in Europe, Asia and the Americas as opposed to the United States which, the company says, is enforcing existing rules and new regulation through courts. Coinbase Eyes ‘Crypto-Forward Markets’ Like EU, … [Read more...]
Bitcoin, Ethereum Technical Analysis: BTC Slips Below Key Support Point as US Markets Reopen Following Labor Day
Bitcoin moved lower on Tuesday, as U.S. traders returned from the Labor Day celebration, bringing back bearish sentiment with them. The global crypto market cap was down by 0.47% at the time of writing. Ethereum remained in the red, with price trading below a recent support point. Bitcoin Bitcoin fell further below the $ 26,000 level on Tuesday, as U.S. traders returned to … [Read more...]
Bitcoin, Ethereum Technical Analysis: BTC Jumps Above $28,000, as Markets Remain Buoyed by Grayscale Court Win
Bitcoin climbed over the $ 28,000 level late on Tuesday, as markets reacted to the news that Grayscale had won its battle with the SEC. The ruling over the U.S. Securities and Exchanges Commission boosted crypto prices across the board, with bulls returning to action. Ethereum also surged, moving above $ 1,700. Bitcoin Bitcoin moved back over the $ 28,000 level during the … [Read more...]
Bitcoin, Ethereum Technical Analysis: BTC, ETH Rebound on Saturday, as Markets Consolidate Following Recent Decline
Bitcoin was back in the green to start the weekend, after bulls rejected a breakout below $ 29,000 during Friday’s session. The cryptocurrency continues to hover around a key support level, without either bulls or bears taking control. Ethereum was also marginally higher. Bitcoin Bitcoin (BTC) returned to the green on Saturday, as traders of the cryptocurrency rejected … [Read more...]
Bitcoin, Ethereum Technical Analysis: BTC, ETH Extend Declines on Saturday, as Markets React to Latest NFP Report
Bitcoin started the weekend trading below the $ 29,000 level, as markets continued to react to the latest U.S. nonfarm payrolls (NFP) report. 187,000 jobs were added to the economy in July, less than the 200,000 markets had expected. Ethereum neared a multi-week low. Bitcoin Bitcoin (BTC) dropped to below the $ 29,000 level on Saturday, as traders continued to digest the … [Read more...]
Bitcoin’s Plunge Below $29K Triggers $92 Million in Derivatives Liquidations; Crypto Markets Tremble
As bitcoin dipped below the $ 29K threshold and the overall crypto economy experienced a 1.4% decrease to $ 1.17 trillion, cryptocurrency derivatives markets underwent $ 92 million in liquidations, primarily in long positions. Cascading Effect: Bitcoin’s Fall Under $ 29K Sparks $ 92 Million in Liquidations The crypto economy, along with a significant number of … [Read more...]
Bitcoin, Ethereum Technical Analysis: BTC Closes in on $30,000 as Markets React to Latest Fed Decision
Bitcoin edged closer to the $ 30,000 level on Thursday, as markets reacted to the Federal Reserve’s decision to hike interest rates. The Fed increased rates by 25 basis points, and have hinted that they could make an additional move in September. Ethereum neared the $ 1,900 level today. Bitcoin Bitcoin (BTC) remained in the green on Thursday, as markets reacted to the … [Read more...]
Bitcoin, Ethereum Technical Analysis: BTC Consolidates, as Markets Prepare for 25-Basis-Point Fed Rate Hike
Bitcoin consolidated marginally above the $ 29,000 level on Wednesday, ahead of today’s Federal Open Market Committee (FOMC) meeting. It is widely expected that the Fed will increase rates by 25 basis points, after holding off on hiking last month. Ethereum also remained mostly unchanged. Bitcoin Bitcoin started today’s session largely unchanged, as traders … [Read more...]
Ripple Committed to Markets With Clear Rules in Asia and Europe After US Court Win
Following a partial court victory in the United States, crypto company Ripple intends to stay focused on markets with clear regulations for the industry, including jurisdictions in Asia such as Singapore and Hong Kong. The U.S.-based blockchain firm also plans an expansion in the U.K. and Europe, according to media reports quoting Ripple executives. Ripple Favors Regulated … [Read more...]
Kuwait Capital Markets Authority Reaffirms Comprehensive Crypto Asset Ban
In a circular released by the Capital Markets Authority of Kuwait, the regulator reaffirmed its position that Kuwait strictly prohibits the use of virtual currencies and bans mining activities within the Gulf state. The authority also emphasized the importance for businesses to inform customers about potential “risks that may arise” with dealing with crypto assets not … [Read more...]
Biggest Movers: XRP 70% Higher, as Markets React to Court Ruling
XRP soared by as much as 70% higher on Friday, as markets continued to react to a court ruling that the token is not a security. On Thursday, U.S. judge Analisa Torres ruled that XRP is not “necessarily a security on its face.” Solana also surged on the news, climbing by nearly 30%. XRP XRP, formerly ripple, was undoubtedly one of the biggest movers in the market … [Read more...]
Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming
Michael Burry, a hedge fund manager renowned for predicting the 2008 financial crisis, has drawn parallels between the current banking turmoil and the Panic of 1907. He noted that three weeks after J.P. Morgan made a stand, the panic was resolved and the markets bottomed. “A stand was made this past weekend,” the famous investor pointed out. Michael Burry on Bank Failures, … [Read more...]
Bitcoin, Ethereum Technical Analysis: ETH Back Above $1,700, as Markets Rebound on Saturday
Ethereum was once again trading above $ 1,700 to start the weekend, as cryptocurrencies rebounded from Friday’s decline. The global crypto market cap rallied in today’s session, as bulls moved to buy yesterday’s dip. Bitcoin was also back in the green, with prices nearing the $ 25,000 mark. Bitcoin Bitcoin (BTC) moved toward the $ 25,000 mark on Saturday, as crypto markets … [Read more...]
Brazilian Fintech Company Capitual Partners With Azimut to Offer Crypto Services in European Markets
Capitual, a Brazilian fintech company that offers cryptocurrency intermediation services, has partnered with Azimut, an asset management firm, to expand its service offer to Europe. The deal, which contemplates an investment of €15 million (about $ 16.2 million), would allow Capitual to start operating in Mexico, where Azimut has significant presence and operations. Capitual … [Read more...]
Crypto, Equity, Metal Markets Plunge as Tech Earnings Disappoint and US Economic Weakness Deepens
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 were down between 0.43% and 0.72% on Wednesday, … [Read more...]
