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Wall Street’s major indexes closed the day in red on Tuesday, alongside cryptocurrencies, and precious metals like gold and silver taking some percentage losses. The leading crypto asset bitcoin dropped 5.87% under the $19K region, while the second largest crypto asset ethereum shed 8.7%. Gold’s nominal U.S. dollar value per troy ounce slipped by 0.50%, … Read more
BTC is losing its safe haven status to the dollar, with mutual funds increasing their cash holdings by $208 billion in the first half of 2022. Go to Source Powered by WPeMatico
Macro analyst Lyn Alden explains why the Fed’s efforts to curb inflation may take longer than expected and how they will impact the crypto markets. Go to Source Powered by WPeMatico
$20,000 is becoming the “new” resistance for BTC price even though multiple indicators are screaming “buy.” Analysts share their views on the future of Bitcoin price. Go to Source Powered by WPeMatico
Options data, macroeconomic catalysts and technical signals suggest a decline in Ethereum price is on the table despite the Merge. Go to Source Powered by WPeMatico
Precious metal markets have shuddered during the last few weeks, as gold’s price per ounce nears a six-week low hovering just under $1,700 per unit. Silver crashed through the $18 range slipping to $17.80 per ounce. While both gold and silver dipped between 0.85% to 0.89% against the U.S. dollar in 24 hours, platinum dropped … Read more
BTC trades in the lower-end of its 76-day range, but analysts say future Fed actions and record-high open interest increase the possibility of future “deleveraging events.” Go to Source Powered by WPeMatico
The U.S. inflation narrative shifts away from ease-of-control in what could further pressure risk asset performance. Go to Source Powered by WPeMatico
The selling pressure in the Bitcoin market is not as bad as it was during the Terra and Three Arrows Capital crises. Go to Source Powered by WPeMatico
According to the French politician currently serving as the president of the European Central Bank (ECB), Christine Lagarde, Europe’s scorching hot inflation can be blamed on climate change. During her interview with Madame Figaro, Lagarde stressed that people need to take into account that “climate disasters” affect price stability a great deal. ECB Board Member … Read more