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Cryptocurrency markets continue to perform well this week as Bitcoin managed to hold its support of $22k after a bullish rally yesterday. While stocks opened with momentum on Monday, many closed lower towards the end of the day, with optimism around a potential market recovery quickly evaporating. One significant contributor to the stock market’s underperformance … Read more
After pumping to the $21k level over the weekend and surpassing the $400 billion market cap, Bitcoin’s price continued to rise this Monday, breaking past its one-month high, currently trading at $22.1k. Ethereum price also gained over 28% in the past seven days as the upcoming network upgrade from proof-of-work to a proof-of-stake consensus mechanism … Read more
Cryptocurrency markets are in the green today, following a sideways trading market most of last week. Bitcoin price is up over 3% in the past 24 hours, currently trading at $21.3k, while Ethereum price shows a significant upside of 12.85% in the past 24 hours, trading at $1,356 at the time of writing. Is this … Read more
With the weekend upon us, cryptocurrency markets continue to trade sideways as the global crypto market cap remains above the $900 billion level, BTC holds above $20k, and ETH remains above $1.2k. With the stock market closed this Saturday, it is no surprise that crypto markets remain relatively quiet with little volatility. Key Points: Markets … Read more
After a relatively mellow week of sideways trading and cryptocurrency prices managing to hold support despite mounting bearish momentum, the global crypto market is up over 5% today, with the overall capitalization at over $930 billion at the time of writing. Bitcoin is up over 5% trading above $20k, while Ethereum and Solana prices soar … Read more
Cryptocurrency markets are trading sideways today after Bitcoin and Ethereum prices struggled to hold support yesterday, dipping below the $20k and $1.1k levels. The release of CPI data showed rising inflation, and tech stocks tumbled yesterday, causing further market uncertainty. The good news is that stocks remained relatively steady yesterday, with the NASDAQ and S&P … Read more
According to the latest Bureau of Labor Statistics Consumer Price Index (CPI) report, U.S. inflation remains scorching hot as it has risen at the fastest yearly rate since 1981. June’s CPI data reflected a 9.1% year-over-year increase, even though a number of bureaucrats and economists thought May’s CPI data would be the record peak. US … Read more
The verdict is out. The U.S. Bureau of Labor Statistics released this month’s CPI numbers for Jun 2022, and the data suggests the continuing rise of inflation with an overall increase of 9.1% before seasonal adjustment. While the stock market hasn’t opened yet, experts suggest that the market will continue to slide amid the latest … Read more
Bitcoin price dipped below $20k, while Ethereum’s price struggled to hold above the $1k level as the global cryptocurrency market fell by over 3% losing $50 billion in valuation on Monday. Ethereum Price Down 6.94% This week, the cryptocurrency market continues to struggle as significant digital assets like Ethereum are down almost 7%. The reason … Read more
Cryptocurrency markets are off to a relatively slow start this week, with Bitcoin down 3.44% and Ethereum price down 3% in the past 24 hours. BTC remains above the $20k support level, while ETH holds the $1.1k support level. The global cryptocurrency market is down 2.82% but remains above $915 trillion, signaling that the market … Read more