Bitcoin was priced at approximately $74,700, reflecting a 0.4% decrease over the past 24 hours. However, it remains up 3.5% for the week, as the 10-day rally in global equities took a breather ahead of the upcoming expiry of the U.S.-Iran ceasefire next week. Ether retraced 1.4% to $2,327, yet it continues to dominate the … Read more
Bitcoin traded at $70,981 on Thursday, down 0.5% over 24 hours but still up 6.1% on the week, as the two-week ceasefire between the U.S. and Iran that triggered Tuesday’s broad rally began showing cracks less than 48 hours after it was announced. Iranian Parliament Speaker Mohammad Bagher Ghalibaf stated that three clauses of the … Read more
Charles Schwab is set to make waves in the crypto space by launching direct trading for Bitcoin and Ethereum on its platform, marking a pivotal moment for the adoption of these leading assets. Schwab, recognized as one of the largest financial institutions globally with trillions in client assets under management, is making a significant move … Read more
Crypto markets experienced a notable rebound at the beginning of the week, with bitcoin regaining the $70,000 mark as diminishing geopolitical tensions bolstered risk appetite. The action came after a brief halt in U.S. attacks on Iranian energy assets, contributing to a decline in oil prices and alleviating concerns about inflation. Wintermute’s latest market outlook … Read more
The cryptocurrency market experienced a downturn on Friday, as Bitcoin and Ethereum faced declines that pulled the entire sector into negative territory, with both assets finding it challenging to maintain crucial psychological thresholds. Bitcoin was trading at approximately $68,084 at this time, reflecting a decline of 4.03% over the last 24 hours. Meanwhile, Ethereum experienced … Read more
Bitcoin and the wider crypto market entered Friday on a downward trend, with the majority of significant tokens recording losses in the past 24 hours as traders opted to de-risk in tandem with equities after Nvidia’s earnings-induced decline. Bitcoin was trading at approximately $67,766 at the time of this report, experiencing a decline of 1.5% … Read more
Bitcoin’s significant 46% drop from its October high of approximately $126,100 to around $67,000 has sparked discussions about the factors behind this downturn. Certain market participants have highlighted quantum computing as a potential threat to the cryptographic security of the network. Some analysts contend that the answer is found in the dynamics of capital flows, … Read more
Recent data reveals that institutional demand for Bitcoin and Ethereum is exhibiting noticeable signs of fatigue, as ETF inflows have been negative for over six weeks. The trend indicates a wider liquidity contraction within crypto markets, as risk appetite diminishes and investors adopt a more cautious approach as the year draws to a close. According … Read more