Santiment tweeted their latest crypto market insights this morning.
In the report, Santiment mentioned a number of growing indications that cryptos are breaking their correlation with equities.
At press time, the crypto market leader was trading above the $29K mark.
Santiment, the blockchain intelligence firm, shared their latest market insights in a tweet this morning following the Fed interest rate hike announcement made yes...
US Fed Chair Jerome Powell said the central bank will take a data driven decision approach to determine the extent of further interest rate hikes. He made the comment in the post FOMC press conference on Wednesday. The FOMC said in its statement that the committee would be prepared to adjust the stance of monetary policy appropriately if risks emerge that could impede the attainment ...
In the crypto market, sudden price movements can send shockwaves. Recently, a Bitcoin flash rally on Bitfinex raised concerns over the risks associated with low liquidity on crypto exchanges.
It is crucial to understand the factors contributing to such events, the potential dangers for traders, and the measures that they can take to mitigate these risks.
Understanding Liquidity in Crypto Markets
Liquidity refers to the ease with which a...
Glassnode speaks about recent volatility in its week-on-chain analysis video.
The on-chain analyst also speaks about ancient coins, Mt. Gox, and the US government.
Glassnode also addressed rumors of the revival of 3.2k ancient Bitcoin.
On-chain market intelligence platform Glassnode recently addressed the revival of 3.2k ancient Bitcoin in one of its recent YouTube videos. The video covers various topics, including the ancient...
Microstrategy’s Michael Saylor believes that the fiat and banking crisis is driving the adoption of Bitcoin.
Bitcoin’s recent rally led to a significant reduction in Microstrategy’s BTC impairment loss.
Michael Saylor indicated that his firm will continue to accumulate Bitcoins as investors’ confidence in fiat continues to erode.
Bitcoin maximalist Michael Saylor recently appeared in an interview with CNBC’s Morgan Brennan w...
The crypto market awaits another key rate hike decision by the U.S. Federal Reserve as the banking crisis and the debt ceiling crisis raise risks of an “economic catastrophe”. Bitcoin and Ethereum price continues upside momentum as the Fed is expected to hike rates by another 25 bps after the monetary policy meeting on Wednesday, bringing borrowing to 5%-5.25%.
Market sentiment for t...
A trader named Crypto Rover shared in his latest video that a dangerous pattern has formed on BTC’s charts.
According to the trader, BTC’s price is at risk of dropping to $24K in the coming few days.
At press time, BTC’s price was trading at $28,628.56 following a 1.91% gain.
A trader by the name of Crypto Rover shared his latest technical analysis for Bitcoin (BTC) in a YouTube video yesterday. In the video, he warned that ...
On May 3 and May 4, 2022, the Federal Open Market Committee (FOMC) meeting decision to raise interest rates sent ripples through the crypto market. This led many to believe that the Bitcoin rally would not continue to the all-time highs seen in November 2021.
One year on, examining the ongoing relationship between interest rates, equities, and cryptocurrency markets is important.
The Evolving Crypto Landscape
Despite the initial shock, ...
Bhutan’s investment arm and Nasdaq-listed company Bitdeer Technologies Group plan to seek investors for a fund worth up to $500 million that will be used to develop green crypto mining in the Himalayan kingdom.Fund raising targeting institutional investors will begin at the end of May and the goal is to set up carbon-free digital mining that taps Bhutan’s abundant hydroelectric power, according to a joint statement Wednesday.Mining is the least r...
The proposal to impose a 30% tax on Bitcoin mining power consumption cost in the upcoming US federal budget could have major repercussions in the global mining scene. If the proposed bill gets the Congress approval, the US administration could impose a 10% initially for an year, before raising 10% per annum to 30%. Essentially, taxation on mining is a way to discourage crypto mining ...
