Bitcoin (BTC) and the broader cryptocurrency market rallied on Thursday, as the total value of digital assets crossed $2 trillion for the first time in over three weeks amid signs of a clear shift in market sentiment — headlined by Goldman Sachs, no less. BTC price printed an intraday high of $44,253, having gained more […]
BARCELONA, SPAIN – Avalanche announced it will launch its own wallet application, called Core, and add Bitcoin bridging functionality, two initiatives aimed at simplifying the user experience and bringing more assets into the Avalanche ecosystem. Ava Labs Head of Product Nick Mussallem made the announcement on Tuesday at the Avalanche Summit in Barcelona, Spain, to […]
SINGAPORE — Shares in Japan led gains among major Asia-Pacific markets on Wednesday, as investors monitored oil prices and continued to assess the outlook for U.S. Federal Reserve monetary policy. Japan’s Nikkei 225 rose 3%, closing at 28,040.16 as shares of SoftBank Group jumped 7.22%, while Fast Retailing climbed 5.21%. The Topix index advanced 2.33% […]
LONDON — European stocks closed lower on Wednesday as global investors continued to assess inflation concerns and Russia’s invasion of Ukraine. The pan-European Stoxx 600 provisionally closed down by 1%, with almost all sectors and major bourses in negative territory. Utilities stocks fell 2.5% to lead losses while oil and gas stocks bucked the downward trend […]
The easing of overall market headwinds could open the floodgates for these crypto leaders. It’s still a bear market for many cryptocurrencies. Some have held up better than others, of course. For the most part, though, the jaw-dropping gains from 2021 are beginning to feel like a distant memory. The good news is that there […]
Bitcoin (BTC) saw a fresh impulse move overnight into March 22 as bulls briefly reclaimed $43,000. RSI hints at underlying strength Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $43,337 on Bitstamp on March 22, the pair‘s highest since March 3. The action contrasted with the lack of volatility since the weekend and neatly fitted with the […]
Bitcoin (BTC) showed signs of wanting higher levels still on March 22 as Wall Street trading saw a return above $43,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Terra co-founder: ‘Most of’ $3 billion still unpurchased Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued its newly confident stride to three-week highs. The pair had already […]
U.S. stocks rebounded to close firmly higher Tuesday as investors shrugged off hawkish remarks from Federal Reserve Chair Jerome Powell and continued to monitor the war in Ukraine. The S&P 500 rose 1.1% to 4,511.81, and Dow Jones Industrial Average jumped more than 250 points, or about 0.7%, to 34,807.86. The Nasdaq Composite was up […]
Last week, the Federal Reserve raised the federal funds rate for the first time since 2018, increasing it by 25 basis points. This quarter-point hike brought its target range to 0.25% to 0.5%, and consumers will soon begin to feel its effects. The federal funds rate affects the rate at which banks lend money to […]
Markets have rallied nicely off the early March lows that were triggered by the start of Russia’s war on Ukraine, but they are still dealing with a bout of depression. The percentage of individual investors who consider themselves bullish has averaged just 23.9% over the past 10 weeks, according to the American Association of Individual […]
The reopening of the Russian stock market this week will likely not trigger widespread turmoil, according to an economic expert. “In my view, many movers and shakers in the market have already factored in these parameters over the past week to manage their exposure to the Russian market, but markets around the world, particularly Europe, […]
The Bitcoin network’s on-chain activity still appears to be in a bear market as United States and European Union buyers are struggling to stay ahead of sellers based in Asia. Blockchain analytics firm Glassnode’s latest report on the weekly activity of the Bitcoin (BTC) network shows that the price of the largest crypto by market cap has […]
