Crypto traders shift their focus to altcoins while Bitcoin price consolidates
Traders shift their focus to XRP, UNI, QNT and EGLD while Bitcoin continues to consolidate around the $20,000 level. Go to Source Powered by WPeMatico
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Gold and Silver Prices Slide Lower Following US Jobs Report — Analyst Says Data Suggests ‘Market Bottom Is in Place’
On Friday, October 7, 2022, the precious metals gold and silver dropped in U.S. dollar value following the recent U.S. jobs report for September. The USD value of gold per troy ounce is awfully close to slipping below the $1,700 range, while the price of silver is teetering near the $20 threshold. Precious Metals Price … Read more
Price analysis 10/7: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, MATIC
Markets corrected as U.S. jobs data reflected a stubbornly robust labor market, adding further confirmation to investors’ belief that the Federal Reserve will continue with its aggressive rate hikes. Go to Source Powered by WPeMatico
Global Bitcoin adoption is ‘still in its infancy,’ but here’s how it might accelerate
Rome wasn’t built in a day, and it will also take some time for every country on Earth to adopt BTC. Go to Source Powered by WPeMatico
Ethereum open interest hits $7.7B, raising the chance of a short squeeze above $1.5K
The Ether futures premium remains negative, while options markets are pricing similar risks for bulls and bears. Go to Source Powered by WPeMatico
Mike McGlone Says Gold Price Is ‘Firming’ — Commodity Strategist Insists BTC, ETH Will ‘Outperform Most Major Assets’
Over the last two days, Bloomberg Intelligence commodity analyst Mike McGlone published the firm’s commodity and crypto outlook reports, and McGlone’s latest analysis details that the price of gold could resume its rally after a foundation similar to 1999 is constructed. Moreover, as far as bitcoin and ethereum are concerned, the analyst argues that the … Read more
EU Council Endorses Markets in Crypto Assets (MiCA) Legislation
Council of the EU, one of the European Union’s legislative bodies, has approved the proposed regulatory framework for the European crypto space. It’s now up to European lawmakers to approve the Markets in Crypto Assets package before its final adoption. Comprehensive Crypto Regulation Moves Closer to Adoption in EU The Committee of Permanent Representatives (COREPER) … Read more
Bitcoin derivatives data reflects traders’ belief that $20K will become support
Declining interest in margin shorts and a balanced risk perception in options markets highlight a possible path to $21,500 for BTC price. Go to Source Powered by WPeMatico
Middle East and North Africa are fastest-growing crypto markets: Data
From institutional crypto usage in the United Arab Emirates to remittance payments in the Egyptian market, the last year revealed major growth for crypto in the MENA region. Go to Source Powered by WPeMatico
A crumbling stock market could create profitable opportunities for Bitcoin traders
U.S. tech giants are set to report their second quarter earnings throughout October, presenting a scenario that could possibly benefit Bitcoin. Go to Source Powered by WPeMatico