Whilst US equity markets fell last week due to drops from Big Tech, the European market plodded along and the FTSE All-Share Index rose moderately. Bitcoin and a number of alts remained relatively steady, despite some momentary blips as bitcoin very briefly dipped below the $10,000 level on both Monday and Tuesday. Simon Peters, analyst,…
Pressure is building in the crypto market, with Bitcoin lingering below $12K as positive network metrics point towards further upside. Along with Bitcoin, large-cap altcoins including Ethereum and XRP have finished the week in much the same place they started. This stagnation could be attributed to a rebound in the dollar, which found support last…
Bitcoin is once again approaching $11K, after swiftly recovering from a drop alongside stocks and gold early last week. The leading cryptocurrency fell to $10K before bouncing amidst bullish headlines, including news that British overseas territory Bermuda had approved a Bitcoin ETF. Although not on U.S. soil, the event has created a stir among traders,…
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Markets started out on a positive trend last week, before succumbing to fears of a second spread of coronavirus. With countries such as the US displaying some frightful numbers, there are very real worries globally that mismanagement of the crisis means there will be further lockdowns and thus damage to economies.A raft of positive news…
Another week of wild volatility has hit the cryptoasset market, as China’s latest ban collides with accelerating adoption to catalyze big market swings. First, fears of the financial collapse of Chinese developer Evergrande sent crypto sliding last Monday, before the market turned around as Twitter added Bitcoin tipping. El Salvador’s President Bukele then bought the…
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After briefly peeping above the all-time high last Tuesday, Bitcoin has spent the week finding a firm foothold around the $19K mark. The market’s resilience is supported by growing acceptance of cryptocurrency among the biggest global companies. S&P Dow Jones Indices, the firm behind the famous market benchmarks, has announced that it will debut digital…
As the cryptocurrency market recovers from a steep pullback, Ethereum is rising out of a sea of red to hit all-time highs. The second-largest crypto has risen 11% on the week to hit $1,480, as Bitcoin has moved in the opposite direction. This follows suggestions from incoming treasury secretary Janet Yellen that lawmakers “curtail” cryptocurrency…
Bitcoin has started October with a bang, exploding towards $50K in hope of a long-awaited ETF approval. The leading crypto added 10% in just a few hours on Friday, as traders cheered for “Uptober” and celebrated the support of some of the loudest regulatory voices. Securities and Exchange Commission (SEC) chairman Gary Gensler renewed his…