Cryptocurrencies rallied close to a percent in the past 24 hours amidst positive sentiment generated by core inflation in the U.S. rising on expected lines. The relief also helped offset the disappointment over the more-than-expected increase in headline inflation. Annual headline consumer price inflation in the U.S. rose 3.7 percent […]

Crypto firm Paxos has acknowledged that it was responsible for a Bitcoin transaction that incurred an unusually high fee of around $500,000 earlier this week. The company told Decrypt that the excessive fee was paid to the Bitcoin network on September 10, attributing the mistake to a bug that affected […]

The vice president of a major cryptocurrency mining firm, Canaan, has recently revealed that the price of the flagship cryptocurrency Bitcoin ($BTC) could top $100,000 after the cryptocurrency’s upcoming halving event, which will halve the block rewards miners currently receive. According to a report from Cointelegraph Canaan vice president Davis […]

Market sentiment turned cautious ahead of the update to the CPI readings from the U.S. The expected uptick in inflation has markets worried about the Fed keeping interest rates higher for longer. Anxiety also lingered as the ECB is set to review interest rates in its meeting on Thursday. Wall […]

One of the world’s largest asset managers, Franklin Templeton, on Tuesday filed paperwork with the U.S. Securities and Exchange Commission (SEC) for a spot exchange-traded fund (ETF). The company joins other high-profile fund managers, the likes of BlackRock, Fidelity, and others, in vying for a spot crypto ETF. Franklin Templeton […]

The Bitcoin price has been moving sideways over the past few weeks, although it saw a volatility spike in the last 24 hours. However, the cryptocurrency remains stuck as sentiment turns negative, and more and more traders expect another re-test of critical support. As of this writing, Bitcoin (BTC) trades […]

Anxiety ahead of the release of the consumer price inflation data from the U.S. on Wednesday dominated market sentiment across asset classes and regions. Besides the U.S. CPI readings, several economic data updates including Consumer and Business Confidence from Australia, Unemployment Rate and GDP from U.K., Economic Sentiment from Germany, […]

In a recent series of tweets, Vetle Lunde, Senior Analyst at K33 Research, delved deep into the potential ramifications of the US Bitcoin (BTC) spot ETFs. Lunde’s analysis suggests that the broader market might be significantly underestimating the transformative power of these financial instruments. Lunde’s assertion is rooted in five […]

A popular cryptocurrency market analyst has recently suggested that a key Bitcoin ($BTC) metric suggests that institutional investors may have to fight over just 5% of the flagship cryptocurrency’s supply, which could send prices exponentially higher. According to the analyst behind the widely-followed InvestAnswers YouTube channel, which has over 440,000 […]

Market sentiment remained tethered to fears of rates remaining higher for longer, after strong services PMI readings from the U.S indicated a resilient economy. Markets also await the cues from Fed speakers lined up for the day. Wall Street Futures are trading directionless. European benchmarks are trading mostly higher. Asian […]