The global cryptocurrency market has been struggling with the bearish market, and the stablecoin market is no exception. According to Binance Research, the stablecoin market capitalization has seen a consecutive decline in valuation over the past 18 months, reaching its lowest point since September 2021 at $123.8 billion. Despite the downtrends, two popular stablecoins, Tether […]
The Federal Reserve’s recent decisions to raise interest rates and reduce its balance sheet have caused uncertainty in the cryptocurrency markets. Investors are concerned that the Fed’s actions could lead to a decrease in the value of digital assets, as well as a decrease in the demand for them. The Fed’s decisions have also caused […]
Bitcoin has shrugged off the robust U.S. jobs data that was released recently, which is forecasting tighter monetary policy. Despite the news, Bitcoin has remained relatively stable, indicating that the cryptocurrency is not as affected by traditional economic indicators as other markets.The U.S. jobs data showed that the economy added 266,000 jobs in November, which […]
Arthur Hayes, co-founder of BitMEX and macro-analyst, recently predicted that Bitcoin’s price will reach between $750,000 and $1,000,000 per coin within 3 years. His prediction is based on the idea that all financial assets are due for an unprecedented boom. Hayes believes that Bitcoin will remain near $25,000 to $30,000 this year, before rising beyond […]
Arthur Hayes, the co-founder of BitMEX, has made a bold prediction for the future of Bitcoin, asserting that the Federal Reserve’s potential return to money printing could send the leading cryptocurrency on a soaring trajectory. Hayes points to a phenomenon known as the “bear steepener” as a red flag in the bond market, which could […]
Bitcoin (BTC) saw a swift comedown after a failed attempt to reach $28,000 on October 5th. Data from Cointelegraph Markets Pro and TradingView showed that the market dropped up to $700, or 2.5%, after the rejection. Material Indicators, an on-chain monitoring resource, warned of a fresh downturn and suggested that another attempt could be made. […]
Raoul Pal, CEO of Real Vision and macro investor, believes that the next crypto bull market will begin in Q2 of next year, coinciding with the Bitcoin halving. He believes that macroeconomic factors, such as central banks cutting interest rates and potential fiscal stimulus, will be the main catalysts for the uptrend. Pal does not […]
Asia is leading the Bitcoin trading market, with caution in the U.S. and E.U. markets. Glassnode’s estimates have revealed that trading activity in one region can significantly affect Bitcoin’s global price movements. Using this data, CryptoSlate has discovered a region that is driving a surprising Bitcoin price surge. This could potentially shift the perception of […]
Solana’s DeFi ecosystem has seen a notable increase in growth this year, with major traditional institutions such as Visa and Shopify adopting the blockchain network. The total value of assets locked (TVL) on the Solana blockchain reached a yearly high of $335 million on October 2nd, according to DeFillama data. Despite this recent growth, the […]
The Brazilian government is calling for a redistribution of IMF funding quotas to better represent the interests of developing countries. Brazil is pushing for this change during the upcoming IMF meeting, citing the launch of financial institutions like the New Development Bank by the BRICS Group as evidence of the need for economic independence. Brazil […]
