Cryptocurrencies remain muted early on Tuesday, the first day of November, while bracing for the Fed’s interest rate decision due on Wednesday. October had been a significant month for crypto markets as overall crypto market cap increased more than 6 percent to $1.02 trillion, from $954 billion at the end […]

Recently, Mike McGlone, a Senior Commodity Strategist at Bloomberg Intelligence (Bloomberg’s research arm on the Bloomberg Terminal”), shared his thoughts on Bitcoin. On 19 October 2022, McGlone said: “It’s little surprise that a relatively new asset that had skyrocketed has declined due to the rapid pace of Federal Reserve tightening in 2022, but Bitcoin is […]

Markets remained cautious ahead of the interest rate review by the ECB. The ECB is widely expected to increase key rates by 75 basis points to tame sticky inflation. Also on the anvil is the GDP data release from the U.S. related to the third quarter which would give clues […]

Shares of Xerox Holdings Corporation (XRX) are falling more than 18% Tuesday morning after the company’s third-quarter results missed analysts’ view. The company also cut its annual revenue outlook. The company reported loss of $383 million or $2.48 per share in the third quarter, compared with profit of $90 million […]

Shares of packaging products and equipment maker Crown Holdings, Inc. (CCK) are down more than 19% Tuesday morning after reporting third quarter earnings, that missed the consensus estimate. The company also cut its full-year outlook. Profit for the quarter increased to $127 million, or $1.06 per share from $102 million, […]

Despite seemingly enjoying the air above $19,000, Bitcoin’s price hasn’t moved much as the stuttering global economy continues to spook investors.  Since September 20th, the top cryptocurrency has remained between $18,250 and $20,370, with volatility being further sapped in the past two weeks. This weakness has been mirrored in Ethereum, […]

Shares of semiconductor processing equipment maker Lam Research Corporation (LRCX) are rising more than 10% Thursday morning after reporting better-than-expected earnings in the first quarter. Earnings in the first quarter increased to $1.426 billion, or $10.39 per share from $1.18 billion, or $8.27 per share in the same quarter a […]

On Thursday (October 20), Jesse Powell, Co-Founder and CEO of crypto exchange Kraken, talked about the #1 reason why merchants should start accepting Bitcoin as a means of payment as soon as possible. Earlier today, Powell took to Twitter to explain how an online merchant he was buying 200 items […]

Cryptocurrencies stayed close to the flatline, with market cap at $936 billion, versus $934 billion a day earlier. While stock markets traded in the green zone, the Dollar Index did not make major moves. At current levels of market capitalization, Bitcoin commands 40.2 percent of the overall crypto market, closely […]

Bitcoin miners suffer losses as their reserves drop to a 12-year low making it uniform with 2010 figures. Miners’ share of bitcoin in circulation remains under the 10% mark, a shadow of the good days of BTC mining.  Experts blame the bear market that has seen the price of BTC […]