Market Analysis

Like it or not, for crypto investors, the U.S. Federal Reserve policy on interest rate hikes and high inflation is the single most relevant measure for gauging demand for risk assets. By increasing the cost of capital, the Fed boosts the profitability of fixed-income instruments, but this is detrimental to the stock market, real estate,

Bitcoin (BTC) would need to return below $20,000 to reset a key metric that covers speculative profit-taking, data shows. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode revealed that short-term holders (STHs) might be dictating BTC price resistance. Profit-taking reinforces resistance levels As BTC/USD climbed toward $25,000, STHs —

Bitcoin (BTC) faced a one-hour $1,420 pullback on March 3 following Silvergate Bank’s 57.7% stock crash, which was due to significant losses and “suboptimal capitalization.” The U.S. fintech-friendly bank was a key financial infrastructure provider for exchanges, institutional investors and mining companies, and some investors are worried that its potential demise could have wide-ranging negative

Bitcoin (BTC) starts a new week with consolidation in the air amid some of the least volatile conditions ever. Despite losing 5% in an hour last week, Bitcoin’s subsequent lack of volatility is on every trader’s mind. The question is whether that will change in the coming days. There are plenty of potential catalysts, from

Bitcoin (BTC) investors reeling from the shock of recent cryptocurrency company failures and banking issues may face another potential problem: a recovering United States dollar. US dollar strength reemerges Notably, the U.S. Dollar Index (DXY), which tracks the greenback’s performance against a basket of top foreign currencies, has risen 4% from its Feb. 3 low

Bitcoin (BTC) traded around $22,400 at the March 3 Wall Street open as analysts remained divided over the odds of a recovery. Hopes for an inverse “Bart Simpson” on BTC Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading flat after an earlier flash crash saw $1,000 shaved off in minutes. As Cointelegraph reported, concerns

The U.S. stock market is approaching a crucial turning point as uncertainty over inflation rises after hotter-than-expected economic data released in February. Despite mounting investor worries, the economy is showing signs of resilience that could protect it against a significant downside move.  The escalating risk-off sentiment in the market is also creating volatility for Bitcoin

Bitcoin (BTC) erased early-month gains on March 2 as fresh market uncertainty erupted over the solvency of crypto bank Silvergate. BTC price avoids Silvergate, Coinbase stock slip Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $23,206 on Bitstamp, down around 1.5% on the day. The pair came under pressure as rumors swirled over the

Crypto traders’ urge to create leverage positions with Bitcoin (BTC) appears irresistible to many people, but it’s impossible to know if these traders are extreme risk-takers or savvy market makers hedging their positions. The need to maintain hedges holds even if traders rely on leverage merely to reduce their counterparty exposure by maintaining a collateral

Bitcoin (BTC) millionaires are made when the BTC price crosses $20,000, data reveals. According to on-chain analytics firm Glassnode, there are currently over 67,000 BTC wallets worth $1 million or more. $20,000 makes 50-BTC hodlers happy Bitcoin is famous for its relationship with the $20,000 price tag. Prominent since becoming the all-time high of Bitcoin’s

For years, Bitcoiners have repeated the mantra “be your own bank.” But in truth, storing any type of crypto in a wallet has been a lot closer to stuffing cash under your mattress than to a complex financial institution like a bank. Admittedly, it’s an improvement in that crypto can be transferred across the globe

Bitcoin (BTC) faced a showdown with a key trend line on Feb. 28 as the monthly close finally arrived. Bitcoin “doesn’t feel bullish” into February close Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling an area around $23,500 at the Wall Street open. With United States stocks flat and the U.S. dollar avoiding

The month of February was filled with investors’ hope that an earlier-than-expected Federal Reserve policy pivot would occur, but this sentiment faded as the inflation and employment data came in hotter than expected. While the start of the month was bullish for the crypto market, Bitcoin (BTC) retraced 60% of the move from February’s low

Bitcoin (BTC) keeps pushing for a bullish end to February as the monthly close starts another week’s price action. The largest cryptocurrency looks set to preserve its gains as it closes the second month of 2023 — and keeps bulls’ hopes alive. Can the good times continue? The coming week could mean decision time for

The nonfungible token (NFT) marketplace Blur has seen its trading volumes and total sell-side liquidity skyrocket since conducting an airdrop on Feb. 14. The reason for the spike could be the start of Season 2 of its airdrops, where 10% of the BLUR token’s total supply will be distributed to certain users based on their

Bitcoin (BTC) sought to end the week above $23,000 into the Feb. 26 close as concerns heightened over stubborn resistance. BTC price bulls keep faith in $30,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $23,318 on the day, up $600 from its weekend lows. The latest move marked a modest comeback after