Extreme fear is once again the dominating sentiment across the cryptocurrency community after Bitcoin (BTC) faced another day of trading below the $40,000 level and the United States grapples with the highest Consumer Price Index (CPI) print since 1981. Crypto Fear & Greed Index. Source: Alternative.me Data from Cointelegraph Markets Pro and TradingView shows that an early morning attempt to rally […]
Bitcoin (BTC) saw a brief boost on April 12 after the United States saw its highest Consumer Price Index (CPI) data since 1981. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: Inflation echoes “mythical stories” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking $400 instantly as the data was released. The U.S. CPI was up 8.5% year-on-year […]
The price of bitcoin stumbled on Monday as investors assessed the risks from rising rates and the potential for more tightening by the Federal Reserve. Bitcoin last fell 7% to $40,009.78, according to Coin Metrics. Earlier in the day it fell to $39,785.68, falling below the key $40,000 support level for the first time since […]
On April 11, Bitcoin (BTC) dropped to $40,500, reaching a crucial level that erased the gains from the previous three weeks when the price peaked at $48,200 on March 28. According to analysts, the United States Federal Reserve balance sheet reductions are adding pressure to stocks and risk assets, with Bitcoin standing to lose appeal. Decentrader co-founder filbfilb […]
Long-term U.S. Treasury yields jumped to a three-year high, fueling a global rise in borrowing costs as traders intensified bets on aggressive rate hikes from major central banks. Ten-year U.S. yields climbed through 2.75% for the first time since March 2019 as investors priced in the impact of the Federal Reserve’s tightening plan and accelerating […]
LONDON — European markets closed lower Monday to begin a week of key central bank meetings and U.S. inflation prints. The pan-European Stoxx 600 closed down by 0.7%, with tech stocks sliding 2% to lead losses as most sectors and major bourses finished in negative territory. Societe Generale led broad gains for the European banking […]
In a recent tweet, Cardano founder Charles Hoskinson opined that Bitcoin hadn’t gone too far with its UTXO model due to its limited programmability. He sees the Extended UTXO (EUTXO) accounting model as “the logical next step.” Ethereum, which is currently the leading force in the decentralized finance (DeFi) space, uses the account-based model, which […]
Bitcoin (BTC) prepared for its lowest weekly close of the month so far on April 10 after a week of disappointing losses. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: BTC “giving people a second chance” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $42,700 Sunday with a matter of hours to go until the conclusion of […]
Stock futures declined on Sunday evening as Wall Street looks to shake off a losing week. Futures tied to the Dow Jones Industrial Average declined 181 points, or around 0.5%. Those for the S&P 500 also shed 0.7%, while Nasdaq 100 futures ticked 0.84% lower. Those moves came as U.S. Treasury yields continued their upward […]
The brakes have been slammed on stock market listings as inflation, the war in Ukraine and energy prices spook investors. In the first three months of the year, 19 firms made their debut on the London Stock Exchange, raising £397m, according to accounting giant EY. It marks a sharp fall from the same period in […]
Markets face what could be a hot inflation report in the week ahead and a batch of big bank earnings to start the earnings season. JPMorgan Chase and BlackRock kick off the financial industry’s first-quarter earnings releases Wednesday, with Citigroup, Wells Fargo, Morgan Stanley and Goldman Sachs reporting Thursday. The war in Ukraine will remain […]
U.S. stocks on Friday notched losses for the week as investors braced for tighter monetary policy from the Federal Reserve, and both the S&P 500 and Nasdaq pulled back from three consecutive weeks of gains. The Dow Jones Industrial Average climbed 137.55 points, or 0.4%, to 34,721.12, while the S&P 500 dipped 0.27% to 4,488.28. […]
