Digital asset investment products registered positive inflows last week, though the gains were mainly concentrated in Bitcoin (BTC) funds, signaling a more cautious approach to crypto allocation on the part of institutional investors. Bitcoin investment products saw cumulative inflows totaling $126 million in the week ending Saturday, according to the latest fund flows report from […]
Bitcoin moved higher over the weekend as cryptocurrency investors continue to look for a bottom following a rough six months of selling. The largest cryptocurrency by market cap rose 4.3% Monday to $31,278.09, according to Coin Metrics. Ether advanced nearly 2% to $1,852.64. Crypto has continued to move in tandem with stocks. All three of […]
Stock futures were higher in early morning trading Monday after a losing week as investors continued to bet that the Federal Reserve will tighten monetary policy aggressively to combat surging inflation. Futures on the Dow Jones Industrial Average gained 132 points, or 0.4%. S&P 500 futures and Nasdaq 100 futures rose 0.57% and 0.77%, respectively. […]
In recent weeks, we’ve watched evidence accumulate suggesting that the economic narrative is shifting toward one in which growth cools from very hot levels — but not by so much that the economy spirals into a recession. The May U.S. jobs report released Friday provided more confirmation of this shift. According to the report, U.S. […]
Bitcoin (BTC) starts a new week with some fresh hope for hodlers after halting what has been the longest weekly downtrend in its history. After battling for support throughout the weekend, BTC/USD ultimately found its footing to close out the week at $29,900 — $450 higher than last Sunday. The bullish momentum did not stop […]
Tom Tate, the Mayor of Gold Coast, Australia, has suggested that cryptocurrency could be used by residents to pay local taxes in future years, though critics have flagged volatility and the recent market crash as a cause for concern. “Why can’t we pay rates on cryptocurrency if the risk is not high?” said Tate, speaking […]
As stocks plummet and inflation surges, cryptocurrencies appear to be following suit. In the past six months, Bitcoin, the largest cryptocurrency by market capitalization, has lost about half of its value. Currently, Bitcoin is selling at an average price of $29,700, and Glassnode has recorded an outflow of almost $1.3 billion, with a net discharge […]
Five Below is one of several big retailers set to announce earnings results over the next few trading days. Stocks fell last week last week, reversing some of the gains that investors saw last week. Both the Dow Jones Industrial Average (^DJI -1.05%) and the S&P 500 (^GSPC -1.64%) shed about 1% and are down […]
Terraform Labs CEO Do Kwon is unlikely to face criminal charges in the U.S. over the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST), according to legal experts. They explained that civil charges are more likely, including lawsuits by cryptocurrency investors. Do Kwon Unlikely to Face Criminal Charges The recent collapse of cryptocurrency terra […]
Bitcoin (BTC) stayed wedged in a tight range on June 4 as traders’ demands for a new macro low persisted. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Long-term holders begin ‘distribution’ Data from Cointelegraph Markets Pro and TradingView showed BTC/USD stuck between $29,000 and $30,000 into the weekend. The pair had managed a revival to near $31,000 the previous day, but […]
Stock Markets Part of the previous week’s strong gains was given up during this week’s trading, despite being only a four-day trade week due to Monday being Memorial Day. Investors continue to remain uncertain as to whether the Federal Reserve will be able to rein in inflation without pushing the economy into a full-blown recession. […]
The emergence of forty-year high inflation readings and the increasingly dire-looking global economy has prompted many financial analysts to recommend investing in gold to protect against volatility and a possible decline in the value of the United States dollar. For years, crypto traders have referred to Bitcoin (BTC) as “digital gold,” but is it actually […]
