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Digital asset markets continued sliding into early December, with Arca CIO Jeff Dorman arguing in a new note that the selloff defies conventional explanations despite supportive macro conditions. Crypto Prices Keep Falling Even as Rate-Cut Odds Rise A renewed downturn in digital assets has left analysts perplexed, with Arca Co-Founder and Chief Investment Officer Jeff … Read more
This weekend, after a week-long crypto rout that felt like a marathon with no water stations, the digital asset economy is limping in well under the $3 trillion mark at $2.87 trillion. At the same time, crypto fear and greed indexes are flashing “extreme fear,” a bright neon warning that investors are currently a bit … Read more
The market sentiment index score hasn’t been in the “Neutral” zone since Oct. 14, when Bitcoin was trading around $63,000. Go to Source
August had an average rating of “Fear” on the Crypto Fear and Greed Index hitting a yearly low of 17 on Aug. 6. Go to Source
Bitcoin has recaptured its Short-Term Holder (STH) cost basis of $61,900 following the Federal Reserve’s recent 0.5% interest rate cut, according to Glassnode’s recent analysis. Despite the market’s ongoing consolidation, the report suggests new investors have demonstrated notable confidence in the long-term market outlook. Report Shows Despite Consolidation, New Bitcoin Investors Display Strong Market Confidence … Read more
The latest flows report from Coinshares, led by its top market analyst James Butterfill, uncovers a strong recovery in digital asset investments, hitting a total of $436 million. The report emphasizes bitcoin as the frontrunner, while ethereum is still facing challenges with continued outflows. While Bitcoin Bounces Back, Ethereum Deals With Outflows Coinshares’ analysis highlights … Read more
On Sept. 5, 2024, bitcoin held steady, floating just above the $56K mark, sparking ongoing debates about its market direction. Some speculate that bitcoin might be entering a bearish phase, while others still see potential for a bullish breakout. Cryptoquant’s head of research, Julio Moreno, weighed in on the discussion, stating the drop in bitcoin’s … Read more
On September 2, 2024, ethereum was priced at $2,517, with a 24-hour intraday range of $2,407 to $2,531. Over the past week, its price fluctuated between $2,409 and $2,740, reflecting ongoing volatility. With a 24-hour trading volume of $14 billion and a market capitalization of $302.85 billion, ether’s market dynamics remain under pressure as it … Read more
Ethereum’s price on August 19, 2024, stands at $2,582, with a 24-hour intraday range of $2,572 to $2,681. The cryptocurrency recorded a trading volume of $9.5 billion, contributing to a market capitalization of $310 billion. Despite these figures, ethereum’s technical indicators reveal a bearish outlook, signaling caution for traders. Ethereum Ethereum’s daily chart paints a … Read more
On Wednesday, the U.S. Bureau of Labor Statistics rolled out its latest consumer-price index (CPI) report, revealing a 2.9% increase over the past 12 months through July—falling just short of economists’ 3% forecast. This data nudged CME futures metrics upward, reflecting growing market sentiment that the latest BLS figures strengthen the case for a Federal … Read more
