Cryptocurrency prices are being hit by a higher U.S. dollar and falling stock markets as the Federal Reserve continues to tighten policy to fight inflation.
" Hence there has been a lot more interest and activity in the Altcoin space, while Bitcoin consolidates." Bitcoin has been trading within a tight range of between $18,000 to $24,000 since June. The 10-year U.S. [strengthened the U.S. [Bitcoin](https://www.cnbc.com/quotes/BTC.CM=) fell below $19,000 on Wednesday morning, at one point hitting its lowest level since June following a drop in stock markets globally and the continued strength of the [U.S. Bitcoin is about 60% off its record high of $68,990.90 that was hit in November. Ethereum is This impacts all risk assets as we can see," Vijay Ayyar, vice president of corporate development and international at crypto exchange Luno, told CNBC. The U.S. Central banks around the world are battling rampant inflation with tightening monetary policy. Bitcoin has traded in correlation to stocks and so if they fall, in general, so does the cryptocurrency. dollar which has weighed on risk assets.
The news didn't pass economist and permabear Peter Schiff, who suggested that the explosion in “intrinsically worthless digital tokens, NFTs and crypto-related ...
So is it altcoin season? [#Bitcoin]crashing, but its dominance has fallen to 38.1%, its lowest since June of 2018. Polygon has increased its market dominance by around 76%, though its total value is only slightly above 0.75% of the total crypto market. Even if Bitcoin is scarce, its alternatives are not. ETH's market dominance has shot up in lead up to The Merge – Source: messari.io The metric measures Bitcoin’s market capitalisation against the market capitalisation of the entire cryptocurrency market.
Bitcoin losses are ravaging the crypto market and the BTC token is facing tough competition from the new token Big Eyes coin.
Big Eyes recognises that Decentralized Finance (DeFi) does not have to be complicated. Big Eyes is now underway, with a whopping $1 million raised in only a few days. Big Eyes (BIG) will conduct virtual and physical events for all platform producers and artists. Big Eyes (BIG) is a network based on a cat raised by NASA parents in Washington, DC. El Salvador’s president, Nayib Bukele, has not hidden his purchases since, and the country had 1,800 bitcoin since the beginning of 2022. Although some people were killed in the incident, there is positive news for others.
A combination of macroeconomic and geopolitical news is pulling the prices of riskier assets down, including Bitcoin and stocks.
Yesterday, the largest cryptocurrency by market cap fell below the [$19,000 threshold](https://decrypt.co/109104/bitcoin-falls-below-19k-for-the-first-time-in-2-months) for the first time since July 4. The price of gold has flattened, too, due to the tightening fiscal policy. [experts](https://decrypt.co/108873/bitcoin-ethereum-price-us-jobs-labor-report). [the merge](https://decrypt.co/resources/what-merge-ethereum-move-proof-stake), [turned to concern](https://decrypt.co/109151/ethereum-ethereum-classic-lido-finance-plummet-eve-merge). [yesterday](https://decrypt.co/109104/bitcoin-falls-below-19k-for-the-first-time-in-2-months) and today. [Bitcoin](/resources/what-is-bitcoin-four-minute-instant-guide-explainer) has shed more than 5% of its value in the last 24 hours, according to crypto data aggregator [CoinMarketCap](https://coinmarketcap.com/).
Bitcoin fell below $19000 on Wednesday, as the token failed to break out of a key resistance level during yesterday's session.
[Bitcoin.com](https://bitcoin.com) does not provide investment, tax, legal, or accounting advice. Disclaimer: This article is for informational purposes only. [ETH](https://markets.bitcoin.com/crypto/ETH) has fallen to a low of $1,500.01 on Wednesday, breaking out of its floor of $1,550 in the process. As a result of today’s sell-off, prices are now at their lowest point since June. [BTC](https://markets.bitcoin.com/crypto/BTC) move from that ceiling, to eventually break out of a support level of $19,500. [BTC](https://markets.bitcoin.com/crypto/BTC)) fell to its lowest level since June earlier in today’s session, a day after the token failed to break out of a key resistance point.
Time will decide if the price drop is a blip or the start of a 'Septembear' downtrend but for now, global market capitalisation is trending below US$940bn. The ...
[Merge](https://www.proactiveinvestors.co.uk/companies/news/990134/ethereum-s-landmark-update-is-coming-but-what-is-the-merge-990134.html) suffered a few hiccups, as around 5% of network validators went offline during the process. [safe-haven demand](https://www.reuters.com/markets/europe/worst-not-over-em-currencies-us-dollar-thunders-2022-09-07/) for the greenback at the expense of equities and non-US currencies. The decentralised finance (DeFi) market also took a beating, with Curve, Compound Finance, Uniswap and Aave losing over 10% of their respective market caps.
The price of Bitcoin has continuously fallen over the past couple of weeks, and now on-chain data indicates it may continue to fall further.
Currently, Bitcoin has fallen through the $19,000 support range, dropping to $18,700 at the time of publication. This is equivalent to 65.77% of the circulating supply. One of the small periods of price growth occurred halfway through July, when Bitcoin broke the $21,000 resistance ceiling and climbed to approximately $24,500 by August 12.
Bitcoin fell as low as $18,5000 late Tuesday as the original cryptocurrency confronted a series of headwinds that have driven it to its lowest price in ...
Gox exchange could introduce a new glut on the market. This past week its share of the overall cryptocurrency market, also known as Bitcoin Dominance, retreated below 40%—a level This has lifted sentiment in the dollar, which has appreciated against all other fiat currencies like the euro as well as their digital rivals. [Finance](https://fortune.com/section/finance)September 6, 2022 [Leadership](https://fortune.com/section/leadership)September 7, 2022 [Commentary](https://fortune.com/section/commentary)September 5, 2022 Bitcoin’s recent price drop also coincides with a slump in performance compared to other crypto assets. [not seen since the first half of 2018](https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D/).
The news didn't pass economist and permabear Peter Schiff, who suggested that the explosion in “intrinsically worthless digital tokens, NFTs and crypto-related ...
So is it altcoin season? [#Bitcoin]crashing, but its dominance has fallen to 38.1%, its lowest since June of 2018. Polygon has increased its market dominance by around 76%, though its total value is only slightly above 0.75% of the total crypto market. Even if Bitcoin is scarce, its alternatives are not. ETH's market dominance has shot up in lead up to The Merge – Source: messari.io The metric measures Bitcoin’s market capitalisation against the market capitalisation of the entire cryptocurrency market.
As of early Wednesday, the digital asset was trading at just above $18,600, the lowest in over two months. By 1:59pm (UAE time), the cryptocurrency stood at ...
"Bitcoin is in a falling trend channel in the medium long term. As of early Wednesday, the digital asset was trading at just above $18,600, the lowest in over two months. Bitcoin fell to a multi-week low on Wednesday as the world's most popular digital currency continued to face headwinds.
This cryptocurrency trading platform gives you accurate trading signals. With an accuracy rate of 99.4%, there is no chance of going wrong.
Bitcoin continued its descent Wednesday, falling below $19,000 for the first time since June. Bitcoin—the largest cryptocurrency by market cap—has been on a ...
It was [reported](https://www.bloomberg.com/news/articles/2022-09-07/bankrupt-crypto-lender-voyager-digital-heads-to-auction-block?srnd=technology-vp&sref=Dd2N48n2) Wednesday Voyager is now headed for the auction block. However, the reason for more recent declines are less clear. Bitcoin—the largest cryptocurrency by market cap—has been on a pretty consistent decline since a brief uptick in mid-August. Earlier this year, declines were driven by obvious catalysts like the implosion of the Terra stablecoin and bankruptcies of crypto lenders including [Crypto’s Rocky Run: Bitcoin Dips Below $21K](https://news.crunchbase.com/web3/crypto-market-cap-bitcoin-ether/) [Crypto Bear Market Here A While](https://news.crunchbase.com/fintech-ecommerce/crypto-bear-market-inflation/) [Mergers & Money: The Instability Of Stablecoins](https://news.crunchbase.com/fintech-ecommerce/stablecoin-terrausd-usd-coin-tether/) [Luna 2.0 Launches To Mixed Results](https://news.crunchbase.com/fintech-ecommerce/crypto-luna-2-0-launch/) Bitcoin is down nearly 5% for the week and almost 19% in the last 30 days.
Bitcoin is flirting with a test of this year's lows following a cryptocurrency selloff that again pushed the sector's overall market value below $1 ...
Crypto market capitalization has fallen by a similar proportion in the past 24 hours, according to CoinGecko. The largest digital token has shed more than 6% so far this week and was trading at about $18,750 as of 7:02 a.m. Bitcoin is flirting with a test of this year’s lows following a cryptocurrency selloff that again pushed the sector’s overall market value below $1 trillion.
The plunge is likely due to a strong US dollar that surged on confirmation of Federal Reserve rate hikes and ongoing safe-haven demand for the greenback at the ...
Investors now look to see if the markets can offer up a correction; in some positive news, the one-hour candlestick charts are turning green at the time of writing. Time will decide if the price drop is a blip or the start of a ‘Septembear’ downtrend but for now, global market capitalisation is trending below US$940bn. Bitcoin has plummeted to two-month lows of US$18,800 while Ethereum, which looked to be on a roll, encountered a stiff resistance that brought its exchange price cruising down to US$1,500.
Price Point: Bitcoin approaches 2022 lows, sliding below $19K for the first time in months, as fears of hawkish Federal Reserve monetary policy continue to ...
CoinDesk is an independent operating subsidiary of [Digital Currency Group](https://dcg.co/), which invests in [cryptocurrencies](https://dcg.co/#digital-assets-portfolio) and blockchain [startups](https://dcg.co/portfolio/). [Staked Ether Price Discount Widens to Most Since June Ahead of Ethereum Merge](https://link.coindesk.com/click/28972883.166831/aHR0cHM6Ly93d3cuY29pbmRlc2suY29tL21hcmtldHMvMjAyMi8wOS8wNy9zdGFrZWQtZXRoZXItcHJpY2UtZGlzY291bnQtd2lkZW5zLXRvLW1vc3Qtc2luY2UtanVuZS1haGVhZC1vZi1ldGhlcmV1bS1tZXJnZS8/6227cfd92f83586bfc191046B5815fb02): The discount in Lido's staked ether is widening, perhaps due to holders switching to ETH ahead of the Merge. [strict set of editorial policies](/ethics/). [Ether, ADA Lead Steep Crypto Slide Amid Dollar Strength](https://link.coindesk.com/click/28972883.166831/aHR0cHM6Ly93d3cuY29pbmRlc2suY29tL21hcmtldHMvMjAyMi8wOS8wNy9ldGhlci1jYXJkYW5vLWxlYWQtc3RlZXAtY3J5cHRvLXNsaWRlLWFtaWQtZG9sbGFyLXN0cmVuZ3RoLw/6227cfd92f83586bfc191046Bc8da6d78): Some analysts said impending monetary tightening could add to a global rout across major asset classes such as equities and crypto. [ Pantera Capital,](https://link.coindesk.com/click/28972883.166831/aHR0cHM6Ly93d3cuY29pbmRlc2suY29tL2J1c2luZXNzLzIwMjIvMDkvMDYvcGFudGVyYS1jYXBpdGFscy1zZW5pb3Itc3RhZmYtZGVwYXJ0dXJlcy1hcmUtYnJvYWRlci10aGFuLXByZXZpb3VzbHktcmVwb3J0ZWQtc291cmNlcy8/6227cfd92f83586bfc191046Bd7ca4a30) a major cryptocurrency hedge fund and venture capital investor with $4.7 billion in assets, are wider than previously reported, according to people familiar with the matter. [DeFi Platform Curve Finance Takes First Steps Toward crvUSD Stablecoin](https://link.coindesk.com/click/28972883.166831/aHR0cHM6Ly93d3cuY29pbmRlc2suY29tL3RlY2gvMjAyMi8wOS8wNy9kZWZpLXBsYXRmb3JtLWN1cnZlLWZpbmFuY2UtdGFrZXMtZmlyc3Qtc3RlcHMtdG93YXJkLWNydnVzZC1zdGFibGVjb2luLw/6227cfd92f83586bfc191046C0c03b337): Details on the actual usage of crvUSD are scarce at writing time, and Curve developers declined to share more information about the tokens with CoinDesk. [Subscribe to get it in your inbox every day](https://www.coindesk.com/newsletters/first-mover/). Last year, ether traded above the current level versus bitcoin on nine occasions, emphasizing that ether is trading at rare highs versus bitcoin, according to Arcane Research. The question is whether the impending rise in BTC's dominance will stem from a market-wide collapse or a continued ether outperformance. “Right now it is really hard for investors to estimate the full impact on inflation and economic activity in general,” said Giovannacci in an interview with CoinDesk. stock indexes ticked up after two days of losses and European stocks were lower as the energy crisis prevailed in the region with skyrocketing natural gas prices. The world’s largest cryptocurrency by market value lost $1,000 in around four hours.
The news didn't pass economist and permabear Peter Schiff, who suggested that the explosion in “intrinsically worthless digital tokens, NFTs and crypto-related ...
So is it altcoin season? [#Bitcoin]crashing, but its dominance has fallen to 38.1%, its lowest since June of 2018. Polygon has increased its market dominance by around 76%, though its total value is only slightly above 0.75% of the total crypto market. Even if Bitcoin is scarce, its alternatives are not. ETH's market dominance has shot up in lead up to The Merge – Source: messari.io The metric measures Bitcoin’s market capitalisation against the market capitalisation of the entire cryptocurrency market.
The cryptocurrency market has looked rocky for weeks despite a relief rally over the summer. Crypto traders and investors are anticipating Ethereum's upcoming " ...
Over recent weeks, traders have looked to the upcoming Ethereum “Merge” to Proof-of-Stake as a possible catalyst for a recovery, helping Ethereum and other related assets like Lido and Ethereum Classic soar. In fact, a Proof-of-Stake Ethereum is likely to expose Bitcoin’s reliance on an energy-intensive Proof-of-Work consensus mechanism, something that Elon Musk and several major institutional players highlighted as a point of concern in 2021. “Flippening” hopefuls could be waiting some time, though—while Ethereum’s fundamentals have never looked stronger, ETH has rarely come out unscathed from BTC’s biggest crashes in the past. The Merge is set to improve Ethereum’s energy efficiency by 99.99% and slash ETH issuance by 90%, but those changes won’t directly impact Bitcoin. [Ethereum’s Bellatrix upgrade](https://cryptobriefing.com/ethereum-completes-bellatrix-final-pre-merge-update/), while the main event is estimated to ship around a week from now. After Three Arrows Capital’s blow-up and the subsequent collapse of crypto lenders like Celsius and Voyager Digital, the crypto market had shown signs of recovery over the summer.
The crypto market struggled this morning as investors weigh the macro outlook and contemplate the Fed's next moves.
If the Fed continues to look hawkish, The price of the world's second-largest cryptocurrency, Ethereum ( [ETH](/quote/crypto/eth/) 4.77%), traded roughly 6.8% lower, and the price of Cardano ( [ADA](/quote/crypto/ada/) 3.79%) traded 5.5% lower. In PoS, miners stake their existing tokens and get entered into what is essentially a lottery system to get the opportunity to validate transactions and earn tokens. The U.S. The upcoming reading of the consumer price index (CPI) next week will likely play a big role in the Fed's decision. PoW is when crypto miners use lots of computing power to solve a cryptographic puzzle as fast as possible, which then allows them to validate transactions, form new blocks, and mine tokens.
Bitcoin leads the broader cryptocurrency market lower by 4.5%, pushing the entire sector below the $1 trillion market capitalization threshold.
The Motley Fool has positions in and recommends Bitcoin. In fact, you've probably used this company's technology in the past few days, even if you've never had an account or even heard of the company before. We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. According to media reports, the CEO of crypto analytics website Cryptoquant noticed that as many as 15,000 Bitcoin have recently moved from private wallets to public trading platforms. Bitcoin has been a proven crypto performer, delivering triple-digit returns on an annualized basis for the last decade. However, for anyone not currently invested in Bitcoin, waiting around to see what happens is the best course of action in the short term to see if the price dips even lower. While taking a wait-and-see approach makes sense during the current downturn, crypto-curious investors should know that prices for premium digital assets such as Bitcoin won't stay this low forever. If that happens, that volume amount would push the price of Bitcoin even lower. We’ve found one company that’s positioned itself perfectly as a long-term picks-and-shovels solution for the broader crypto market — Bitcoin, Dogecoin, and all the others. The entire cryptocurrency sector has been experiencing a severe downturn dubbed the "crypto winter," as asset prices, trading volumes, and digital portfolio values have fallen fast and far for most of 2022. Ironically, during the crypto market peak last November, Bitcoin itself had surpassed a $1 trillion valuation. [Tor Constantino](/the-ascent/authors/profile/tor-constantino/)
The news didn't pass economist and permabear Peter Schiff, who suggested that the explosion in “intrinsically worthless digital tokens, NFTs and crypto-related ...
So is it altcoin season? [#Bitcoin]crashing, but its dominance has fallen to 38.1%, its lowest since June of 2018. Polygon has increased its market dominance by around 76%, though its total value is only slightly above 0.75% of the total crypto market. Even if Bitcoin is scarce, its alternatives are not. ETH's market dominance has shot up in lead up to The Merge – Source: messari.io The metric measures Bitcoin’s market capitalisation against the market capitalisation of the entire cryptocurrency market.
The largest cryptocurrency in market value was trading at $19350, although analysts remain skeptical of a longer-lasting rally.
CoinDesk is an independent operating subsidiary of [Digital Currency Group](https://dcg.co/), which invests in [cryptocurrencies](https://dcg.co/#digital-assets-portfolio) and blockchain [startups](https://dcg.co/portfolio/). [strict set of editorial policies](/ethics/). ESG (environmental, social and corporate governance) energy policies combined with post COVID growth and the Russia-Ukraine war,” Alexandre Lores, director of blockchain markets research at Quantum Economics wrote CoinDesk in a Telegram message.
Bitcoin appears to be on the losing side of the crypto market as altcoins gain momentum. With the Merge and Vasil forks coming up,
The analyst looked at the trending pattern of Net Unrealized Profits (NUP) which follows a short-term period of volatility. [Bitcoin [BTC]](https://ambcrypto.com/category/bitcoin-news/) appears to be on the losing side of the crypto market as altcoins gain momentum. Meanwhile, Glassnode [reported](https://twitter.com/glassnodealerts/status/1567305555160489984?s=20&t=SdvnWioR4xq6z_g8MM6z7Q) that 19.29 million BTC addresses were holding losses on 7 September. In this regard, the analyst further stated, [update](https://twitter.com/glassnode/status/1566904860251160576?s=20&t=HKfRLjw1A14SXO0AzF1DDQ). [Bitcoin](https://ambcrypto.com/category/bitcoin-news/)
BTC bulls have a chance to profit from this week's $410 million options expiry, but the factors pulling down equities markets reduce the chance of Bitcoin ...
[author](https://twitter.com/noshitcoins) and do not necessarily reflect the views of Cointelegraph. Bitcoin bulls need to push the price above $20,000 on Sept. The net result is balanced between bulls and bears. - Between $20,000 and $21,000: 2,050 calls vs. The open interest for the Sept. The number of The imbalance favoring each side constitutes the theoretical profit: [BTC](https://cointelegraph.com/bitcoin-price)) crashed below $19,000 on Sept. Bitcoin price is down for the year but it’s important to compare its price action against other assets. This difference happens because the right to buy Bitcoin at $20,000 is useless if BTC trades below that level on expiry. If Bitcoin's price remains below $20,000 at 8:00 am UTC on Sept. By seeking shelter in cash positions, mainly in the dollar itself, this protective movement has caused the U.S.
The global cryptocurrency market cap was trading at the $975.93 billion mark, surging more than 4 per cent in the last 24 hours. However, the total trading ...
[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). Please consult your financial adviser before taking any position in the asset/s mentioned.) TRX would need a strong push towards $0.061 and further towards $0.063 to mark a clear momentum shift. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) [Ethereum](/topic/ethereum)merge launch. TRX is currently trading at $0.06, down by 4 per cent in the last seven days. TRX is the native token of the Tron blockchain used for staking and other transactional purposes. However, TRX, led by a lack of momentum and investor interest, was pulled down further. [Sebi Mulls Allowing PEs to Own AMCs](/epaper/delhicapital/2022/sep/08/et-front/sebi-mulls-allowing-pes-to-own-amcs/articleshow/94061200.cms) However, the total trading volume dropped almost 20 per cent to $69.97 billion. The move saw some upward movement for Ethereum, said Prashant Kumar, Founder and CEO, weTrade. BNB advanced 7 per cent, whereas Solana gained 6 per cent.
Bitcoin rose above US$19000 on Thursday morning, recovering along with other tokens in the top 10 by market capitalization after a sharp sell off on ...
20-21, while the next main data release on the pace of inflation in the U.S. [priced in a 76% chance](https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html)of a 75 basis-point increase in interest rates at the Fed’s next meeting on Sept. “We are in this for as long as it takes to get inflation down,” Brainard said in a speech to a conference hosted by The Clearing House and Bank Policy Institute. - Bitcoin rose 2.5% in the past 24 hours to US$19,296 at 8 a.m. The Nasdaq Composite Index added 2.1% to end a seven-day streak of losses. Bitcoin rose above US$19,000 on Thursday morning in Asia, recovering along with other tokens in the top 10 by market capitalization after a sharp sell off on Wednesday.
On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, jumped more than 8% to $1,625. Ethereum is ...
Dan Morehead – Chief Executive Officer of Pantera Capital – believes the crypto winter will soon come to an end, and bitcoin's price will head north again.
[Celsius](https://cryptopotato.com/celsius-crashes-50-as-the-platform-halts-withdrawals-due-to-extreme-market-conditions/), [Zipmex](https://cryptopotato.com/thai-crypto-exchange-zipmex-suspends-customer-withdrawals/), and BlockFi, experienced significant issues because of the bear market, as some even halted withdrawals and deposits on their platforms. It might be rocky and might take a while, but I think we are on to the next leg of a rally.” I actually think we hit the lows in June, and we are on to the next bull market. Now there are many, many really important projects, and you’ve seen bitcoin rally a bit, but the real story is projects other than Bitcoin and Ethereum that rally more.” And we don’t try to get too cute about predicting the future.” And so that’s how we think about it.
The number of outstanding futures and perpetual contracts on bitcoin rises to a record, and traders are paying up to bet on further price declines – in a ...
CoinDesk is an independent operating subsidiary of [Digital Currency Group](https://dcg.co/), which invests in [cryptocurrencies](https://dcg.co/#digital-assets-portfolio) and blockchain [startups](https://dcg.co/portfolio/). The increasing leverage could bring more volatility to the market. Open interest refers to the number of contracts outstanding. The CME is widely considered a proxy for institutional activity. If the funding rates are negative, it means the market is leaning bearish. The data covers positions on traditional commodities exchanges such as CME as well as crypto exchanges like Binance and Bybit.
While BTC technical indicators are signaling traders to buy, Fed actions and the strength of the U.S. dollar suggest that traders should wait.
[Merge](https://www.coindesk.com/learn/what-is-the-merge-and-why-has-it-taken-so-long/). CoinDesk is an independent operating subsidiary of [Digital Currency Group](https://dcg.co/), which invests in [cryptocurrencies](https://dcg.co/#digital-assets-portfolio) and blockchain [startups](https://dcg.co/portfolio/). [Bitcoin Bets Look Bearish as Futures Trading Hits Record Level:](https://www.coindesk.com/markets/2022/09/07/bitcoin-bets-look-bearish-as-futures-trading-hits-record-level/)The number of outstanding futures and perpetual contracts on bitcoin rises to a record, and traders are paying up to bet on further price declines – in a market that's already bearish. The [CoinDesk 20](http://coindesk.com/coindesk20) is a ranking of the largest digital assets by volume on trusted exchanges. [strict set of editorial policies](/ethics/). - Binance Introduces Ether Staking in US as It Steps Up Competition With Rivals: Binance will start offering 6% annual percentage yield (APY) to its U.S. [BTC](https://www.coindesk.com/price/bitcoin/)) was up 1.8%, rising for four consecutive hours between 12:00 and 16:00 UTC. The Dow Jones Industrial Average (DJIA), S&P 500 tech-heavy Nasdaq composite index rose 1.4%, 1.8%, and 2.14%, respectively. Increased exchange balances suggest bearish signals, as investors often send BTC to exchanges for the purpose of exiting their positions. A look at the relationship between the U.S. A preview of Federal Reserve Bank of Cleveland President Mester’s speech highlighted the Fed’s continued focus on taming inflation. Economic Calendar: Today’s economic calendar is light on key data points that could influence crypto markets, but investors will be eyeing the 22:00 UTC (10 a.m.
Bitcoin — the world's largest and most popular virtual currency — rose 3.3 percent to $19242.3. Its market value stood at $368.1 billion.
The trade volume was at $47.1 billion. Meme-based virtual currency Dogecoin was 5.4 percent up with a trading volume of $302.8 million. Its market value stood at $368.1 billion. Ethererum or Ether — the second largest virtual currency — jumped 8.9 percent to $1,631.9 with a market capitalisation of $198.5 billion. On Ethereum, Patel said, "Ethereum has outperformed BTC by gaining nearly nine percent over the past 24 hours. Major cryptocurrencies extended gains on Thursday mirroring largely positive trends in global equities.
Bitcoin-denominated open interest in futures and perpetuals rose to a record high of over 565000 BTC, currently worth over $10 billion.
Based on one gauge, the leverage ratios for the two largest tokens by market value -- Bitcoin and Ether -- are at the highest on record even with prices of both ...
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