Cryptocurrencies
Cryptocurrencies

Cryptocurrencies

16
May

Todays Economic Calendar

Futures markets at the start of the session in Europe point to a lower opening of the stock exchanges. The weaker sentiment may be attributed to the declines in the Asia-Pacific region following the release of macroeconomic data. Today’s calendar is relatively busy with various events. Investors will receive US retail sales data, which is […]

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05
May

Israel seized Binance crypto accounts to ‘thwart’ Islamic State, document shows

LONDON (Reuters) -Israel has seized around 190 crypto accounts at crypto exchange Binance since 2021, including two it said were linked to Islamic State and dozens of others it said were owned by Palestinian firms connected to the Islamist Hamas group, documents released by the country’s counter-terror authorities show. Israel’s National Bureau for Counter Terror […]

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05
May

Dollar retreats ahead of nonfarm payrolls

Most Asian currencies advanced on Friday, capitalizing on sustained weakness in the dollar as markets bet on a potential pause in the Federal Reserve’s rate hike cycle, with focus turning to key labor data due later in the day. The rate-sensitive South Korean won was the best performer for the day, rising 0.5% in an extension of […]

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26
Apr

Banking Uncertainty Sees Bitcoin Above $29k

The largest of the cryptocurrencies started the rally as shares of First Republic Bank (FRC.US) slid nearly 50% yesterday following a quarterly report that showed nearly $100 billion in deposit outflows in Q1 2022. Bitcoin surpassed $29,000 and Ethereum is near $1,900. The gains were also helped by better-than-expected results from Alphabet (GOOGL.US) and Microsoft (MSFT.US), which could mean that […]

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25
Apr

Chart of The Day

Recently, many events have overlapped and influenced the prevailing sentiment on the cryptocurrency market.  On the one hand, we observe weakening bulls on the broader financial market after high index results in the first quarter of this year. Investors are trying to price in new quarterly reports published by the largest technology companies in the US and […]

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22
Apr

Bitcoin Struggling at $28k

Cryptocurrencies are losing ground against higher chances of a Fed rate hike, a stronger dollar, and regulatory risk. Bitcoin has lost for the third day in a row. According to Coinglas data, leveraged positions worth nearly $160 million were liquidated in the past day, of which 80% were bullish bets. The value of liquidated positions […]

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20
Apr

Analysis Bitcoin

The largest cryptocurrency was unable to sustain the bullish momentum and failed to hold longer above $30,000 where stronger supply was once again triggered. The declines come as markets began to see a chance for more Fed rate hikes as Waller and Bullard of the Fed cooled recent optimism over the May pivot. Also, comments […]

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19
Apr

Bitcoin Falls Below $30k

On Wednesday in morning trading hours Bitcoin and other cryptocurrencies plummeted below significant levels. Despite a strong decline in prices no fundamental information was released to the public. Drop occurred in 20 minutes and led to the liquidation of over $25 million worth of BTC futures long positions. BTC fell below $30k level and ETH […]

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14
Apr

Dogecoin Maintains Momentum

Elon Musk has told Morgan Stanley analysts that he wants to make Twitter the world’s largest financial institution. Although the process is a long way off and its finale uncertain, Twitter announced yesterday that it will indirectly make stock and cryptocurrency trading available to users. The beneficiary of this news was Dogecoin, a cryptocurrency associated […]

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