In the lead-up to the US Federal Reserve’s monetary policy decision, the cryptocurrency market is on edge, with Bitcoin’s price slipping below the $68,000 threshold. The market has observed a notable outflow from US-listed spot Bitcoin ETFs, totaling $64.9 million, marking the first net loss since late May. This withdrawal of funds has contributed to… Continue reading Bitcoin Fluctuates Below $68K as Market Awaits Fed Decision Amidst ETF Outflows
Tag: Bitcoin
Bitcoin Wavers as Market Eyes Fed Decision and Inflation Data
As the cryptocurrency market navigates through a period of heightened uncertainty, Bitcoin’s price hovers around $67,000, with a modest weekly growth of 0.3%. The market’s cautious stance is in anticipation of the US Federal Reserve’s upcoming meeting and the May inflation report, which directly influence market risk. Despite significant inflows into cryptocurrency-based investment products, totaling… Continue reading Bitcoin Wavers as Market Eyes Fed Decision and Inflation Data
Bitcoin Slips Below $68,000 as Market Braces for Fed’s CPI Data Release
The cryptocurrency market is navigating through choppy waters as Bitcoin (BTC) price plunged below the $68,000 mark, marking a weekly low and sparking concerns among investors. The downward trend is not isolated to Bitcoin; other popular altcoins such as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) are also witnessing declines. However,… Continue reading Bitcoin Slips Below $68,000 as Market Braces for Fed’s CPI Data Release
Crypto Market Shows Volatility: LUKSO and NKN Dip, Sovryn Rises
The cryptocurrency market has presented a mixed bag of performances in recent trading sessions. LUKSO (LYXe) experienced a 5.3% drop, now trading at $2.64, while its market capitalization stands at $49.02 million. NKN (NKN) also saw a decrease of 1.6%, with a market cap of $63.60 million. Augur (REP) and Turbo (TURBO) both faced declines,… Continue reading Crypto Market Shows Volatility: LUKSO and NKN Dip, Sovryn Rises
Cryptocurrency Market Sees Mixed Trends as Niche Tokens Rise and Bitcoin Faces Resistance
As the cryptocurrency market continues to evolve, a variety of digital assets are experiencing diverse performance trends. Bitgert (BRISE) reported a market cap of $75.50 million, with a slight increase in value against the US dollar over the last 24 hours. SOMESING (SSX), a social music service that rewards producers, showed a notable 11.3% rise… Continue reading Cryptocurrency Market Sees Mixed Trends as Niche Tokens Rise and Bitcoin Faces Resistance
Cryptocurrency Market Sees Mixed Fortunes with Varied Altcoin Performance
The cryptocurrency market has been a hive of activity, with several altcoins experiencing fluctuations over the past week. Chain (XCN) has reached a market capitalization of $56.01 million, despite a slight 2.1% decline over the week. On the other hand, Strike (STRK) has traded 9.3% lower against the US dollar, now sitting at a market… Continue reading Cryptocurrency Market Sees Mixed Fortunes with Varied Altcoin Performance
Musk Denies Crypto Policy Advisory Role with Trump as Political Campaigns Engage with Crypto Industry
Despite recent reports suggesting that Elon Musk has been advising Donald Trump on cryptocurrency policy, Musk has denied these claims. The discussions between Musk and Trump have garnered attention as the former president has made cryptocurrency a focal issue in his campaign, despite previous criticisms. Trump’s recent pro-crypto remarks and commitment to making the future… Continue reading Musk Denies Crypto Policy Advisory Role with Trump as Political Campaigns Engage with Crypto Industry
Ether’s Surge and Bitcoin’s Dominance: Crypto Market Reacts to ETF Speculation and BlackRock’s Milestone
In the latest development in the cryptocurrency investment sphere, BlackRock’s iShares Bitcoin Trust (IBIT) has overtaken Grayscale Bitcoin Trust (GBTC) as the world’s largest Bitcoin fund, with assets nearing $20 billion. This milestone, known as the ‘flippening,’ marks a significant shift in investor preference towards ETFs with lower fees and better performance. Grayscale has attempted… Continue reading Ether’s Surge and Bitcoin’s Dominance: Crypto Market Reacts to ETF Speculation and BlackRock’s Milestone