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Crowd Sentiment towards Crypto Turns Bearish as Inflation Data Looms
The crypto market has not yet been able to find the right footing based on tightened macroeconomic factors and Russia’s invasion of Ukraine.
May 11: If You Can't Handle Me at My Worst, then You Don't Deserve Me at My Best...
What a volatile Sunday for Bitcoin as it plunged from $9,800 to $8,100 in a single hour, a very large outsized move for a weekend trading session that even Coinbase suffered an outage. There was no news/catalyst, instead I think it was a planned outsized sale that happened. A likely scenario is that a coordinated selling or take-profit via OTC and exchanges.
BlockFi Triumphs Over Bankruptcy, Initiates Creditor Reimbursements
BlockFi, a cryptocurrency company, emerged from bankruptcy in October 2023 and has since implemented a plan to repay creditors and return digital assets to clients. The company is now focusing on asset recoveries from entities like FTX and 3AC, processing claims for fair distributions, and Wallet customers can withdraw assets.
Ethereum’s Perpetual Swaps Open Interest Tops $8B for the First Time Since May
Ethereum’s open interest continues to be correlated with its price, as acknowledged by data analytic firm IntoTheBlock.
Global Supply Chain Financing: A New Era of Resilience and Diversification
Citi's 2024 report on supply chain financing highlights a shift towards resilience and diversification in global trade, emphasizing technological innovations and the adoption of the China Plus One strategy.
Crypto Whales Taking Wait-and-See Approach
Based on hiked interest rates and the ongoing Russia-Ukraine war, crypto whales have shown signs of caution, given that their transaction volumes have been dwindling.
Bitcoin Funding Turns Negative amid 70% of BTC Circulating Supply Being Hodled
BTC funding flipped negative following long liquidations as prices slipped to lows of $42,000.
Composite Interest Rate Drops to 2.65% in April 2024, Announces HKMA
The Hong Kong Monetary Authority reveals a decrease in the composite interest rate for April 2024.
Hong Kong Monetary Authority Announces 2.00% Interest Rate for iBond Series
HKMA sets 2.00% interest rate for iBond Series' sixth payment.
Hong Kong Monetary Authority Responds to US Federal Reserve's Interest Rate Decision
HKMA addresses stability amid Fed's unchanged interest rates.
HKMA Reports Decrease in Composite Interest Rate for May 2024
Hong Kong Monetary Authority announces a 4 basis point decrease in the composite interest rate for May 2024, reflecting lower weighted funding costs.
Binance Margin Offers One-Hour Interest Fee Waiver for USDC and Select Cryptocurrencies
Binance Margin announces a one-hour interest fee waiver promotion for borrowing USDC and other cryptocurrencies from July 4 to July 21.
Hong Kong Monetary Authority Reports Slight Increase in Composite Interest Rate for June 2024
The Hong Kong Monetary Authority announced a minor rise in the composite interest rate to 2.62% at the end of June 2024, reflecting higher deposit costs.
Hong Kong Monetary Authority Announces 5.00% Interest Rate for Silver Bond Series Due 2026
The Hong Kong Monetary Authority has set the annual interest rate for the second interest payment of the Silver Bond Series due 2026 at 5.00%.
Hong Kong Monetary Authority Announces Decrease in Composite Interest Rate for July 2024
The Hong Kong Monetary Authority reports a decrease in the composite interest rate to 2.58% at the end of July 2024.
Hong Kong Monetary Authority Sets 4.00% Interest Rate for Silver Bond Series
The Hong Kong Monetary Authority announced a 4.00% interest rate for the fourth payment of the Silver Bond Series due 2025.
Impact of US Interest Rate Cuts on Bitcoin (BTC) Analyzed in Latest Bitfinex Alpha Report
Bitfinex Alpha report examines how upcoming US interest rate decisions could affect Bitcoin's (BTC) short-term volatility and long-term trends.
Bitcoin (BTC) Faces Volatility as US Interest Rate Decisions Loom
Bitcoin's (BTC) price may experience significant changes as the US Federal Reserve's interest rate decisions approach, according to Bitfinex Alpha.
Bitcoin (BTC) Faces Potential Volatility as Interest Rate Cut Looms
Bitcoin (BTC) may see increased volatility with a potential 25 basis point rate cut by the Fed, according to Bitfinex Alpha.
Hong Kong Monetary Authority Announces Interest Rate for Retail Green Bonds Due 2026
The Hong Kong Monetary Authority has set the interest rate for the second interest payment on retail green bonds due 2026 at 4.75% per annum.
Why SMID-Cap Stocks Might Thrive in a Declining Rate Environment
Explore the potential advantages of investing in small- and mid-cap stocks during periods of declining interest rates, as highlighted by VanEck's insights.
Hong Kong Monetary Authority Sets 2.50% Interest Rate for Retail Green Bonds
The Hong Kong Monetary Authority has announced a 2.50% interest rate for the fifth interest payment of its retail green bonds series due in 2025.
Potential Fed Tightening Driving Short Term Crypto Sentiments: Analyst
The digital currency ecosystem has continued to experience volatility, with a declining market capitalization sweeping across the board. An analyst suggests the crypto market is still subject to Federal Reserve’s continuous quantitative tightening policy.
Federal Reserve Keeps Interest Rates Steady, Bitcoin Responds with Significant Fluctuations
Federal Reserve officials has agreed to keep interest rates unchanged following 10 consecutive hikes. However, the Federal Reserve hinted that they may consider a rate hike next month if the economy and inflation don't show further signs of cooling down.
Bitcoin Climbs to $40K Despite Fed’s Interest Rate Hike, Is Sell The Rumor Buy The News Playing Out?
Despite the Federal Reserve (the Fed) increasing interest rates by half a point (0.5%), Bitcoin soared by 6% to reach $40,002.
US Federal Reserve Raises Interest Rates since 2018: Implications for Crypto
The United States Federal Reserve has raised its interest rates by 25 basis points, the first time in about three years it will be making such a move since Dec. 2018. The implications for crypto is considered.
Federal Reserve Chair Powell Sees Interest Rate Hike this Month
Mr. Powell reiterated that the US Federal Reserve is preparing to increase interest rates this month, despite the uncertainty of Ukraine crisis remain.
SushiSwap CEO Proposes New Token Model
SushiSwap's CEO, Jared Grey, is leading a community proposal to revamp the platform's tokenomics, aiming to improve reward efficiency, recalibrate incentives, and diversify revenue streams.
$100,000 Forecasted as the Largest Strike Price for Bitcoin Options this Year, Analysis Predict
The biggest strike price for BTC options is $100,000 with an open interest (OI) of $500 million.
Bitcoin’s Perpetual Swap Open Interest Slips below $11B for the First Time Since August
The recent drop in the crypto market price made BTC’s perpetual swaps open interest to fall below $11 billion for the first time since August 5.
Ethereum Whales’ Accumulation Mode Continues as Price Tops $3,200
Ethereum whales are not relenting in their accumulation quest because addresses with more than 100k coins now hold 43.7% of the ETH supply.
SEC Proposes New Rules to Address Conflicts of Interest in AI Usage by Brokerage Firms
The U.S. Securities and Exchange Commission (SEC) has proposed new rules to address potential conflicts of interest that may arise when investment advisers and broker-dealers use predictive data analytics and artificial intelligence (AI).
Bitcoin Needs to Continue Standing above $19,200 to Dilute Downward Pressure, Analyst Says
Market analyst Ali Martinez believes the leading cryptocurrency should stand above $19,200 to reduce selling pressure because this is a significant level.
Bitcoin Perpetual Swaps Open Interest Hits the Highest Point Since Mid-April by Topping the $16B Mark
Bitcoin (BTC) has been experiencing an uptick in activities with perpetual swaps open interest recording a 5-month high.
Bitcoin Bleeds as Celebrations about Interest Rate Hike Becoming Short-Lived
After hitting the $40K level as Fed’s interest rate hike made airwaves on May 4, Bitcoin finds itself on the receiving end because it has sunk to a two-month low.
Ethereum’s Perpetual Swaps Open Interest Hit a Two-Month High
The latest surge in the crypto market has made Ethereum’s perpetual swaps open interest to hit a record-high.
Low-Risk Appetite Continues to Play Out in Bitcoin Market Based on Diminishing Institutional Activity
Institutional activity remains sluggish as Bitcoin hovers around the lower $20K level, depicting a low-risk appetite.
Majority of American Adults Believe Financial System Favors Powerful Interests, 20% Own Cryptocurrency
80% of American adults believe the financial system favors those with powerful interests, according to a survey by Coinbase. The survey of over 2,000 American adults also found that 67% of respondents called for a major overhaul of the financial system. Despite recent negative news about cryptocurrency, the survey found that 20% of respondents own cryptocurrency, and a third plan to buy, sell or trade cryptocurrency in the next year.
Bitcoin Braces for Deeper Bear Market as Fed Eyeing Another Big Rate Hike
The Fed has already announced five rate hikes this year, but the institution has not yet been able to contain the surging inflation.
BankProv Stops Offering Loans Secured by Crypto Mining Rigs
BankProv said in an SEC filing that it would no longer lend against crypto mining machines.
Three US States Target Celsius Network as The Company’s Interest-Earning Crypto Accounts Draw Concerns
Cryptocurrency lending platform Celsius Network was hit with state enforcement actions in Texas, New Jersey, and Alabama over its interest-earning cryptocurrency accounts.
Bitcoin Addresses Holding Over 10,000 Coins Hit a Monthly High
The number of Bitcoin addresses holding at least 10,000 coins reached a monthly high of 86 as the holding culture continues being a favoured strategy in this market.
Indian Supreme Court Rejects Crypto Petition: Legislative Nature Emphasized
The Indian Supreme Court's decision not to accept a PIL for cryptocurrency regulation underscores the legislative nature of such regulations and the ongoing regulatory uncertainty in the crypto sector.
Bitcoin Holds Steady at $20,000 Level as The Fed Hikes Rates as Expected
The Federal Reserve enacted the 4th consecutive 75 basis point rate hike on Wednesday. Bitcoin reacted.
ADDX Introduces Cash Management Tool ADDX Earn
ADDX has introduced a cash management tool for investors which consists of a solution that aims to withstand short-term volatility while preserving capital.
Are Institutional Investments Fueling Correlation Between Crypto and Stock Markets?
With macroeconomic factors like interest rate hikes affecting both stocks and crypto, this begs the question: are institutional investments propelling the correlation between the two markets?
Federal Reserve's 2024 Interest Rate Pause: A Boost for Cryptocurrencies and Stocks
The US Federal Reserve's decision to pause interest rates in 2024 signals a positive shift for cryptocurrencies and stocks, with significant gains in the market and a rally in the S&P 500.
European Central Bank Hikes Interest Rates in Surprise Move, Bitcoin Remains Steady
The European Central Bank (ECB) on Thursday increased its benchmark rate from -0.5% to 0%. Crypto market remains steady, Bitcoin stands firm above $23K level during the Asia trading section.
Federal Reserve Hikes Interest Rates with a 75-Bp Increase, Bitcoin Remains Bearish
US Federal Reserve has once again raised key interest rates by 75 basis points in an effort to normalize its monetary policies. Crypto markets have reacted following the announcements.
Bitcoin Needs to Reclaim $37.5K before Painting a Bullish Picture
BTC needs to reclaim the previous support level of $37.5K to boost its chances of bullish momentum.
Bitcoin Entities in Profit Skyrocket to 94.3% as Open Interest Soars
As Bitcoin (BTC) briefly touched the $55K level, a fate last seen in May, profitability in this market scaled to new heights.
Australia's National Blockchain Steering Committee Mobilizes Domestic Developer Community
The Australian National Blockchain Roadmap Steering Committee is seeking expressions of interest from its domestic blockchain community to create working groups on supply chain and credentialing.
Bitcoin Price on Verge of $20,000 amid Fed’s Interest Rates Announcement
Crypto prices drop are more likely as the Fed is set to announce interest rate hikes on Friday this week.
Federal Reserve Backs Ethereum Powered AMERIBOR as a Viable Replacement in Setting Interest Rates
US Federal Reserve Chairman Jerome Powell backs the replacement of LIBOR with AMERIBOR. AMERIBOR is an Ethereum based lending protocol that is aimed at removing the inadequacies of the LIBOR index.
Is Bitcoin Getting Ready to Rebound in the Wake of Interest Rate Hikes?
Despite Bitcoin’s volatility sinking, this might indicate its quest to return to winning ways, according to Bloomberg analyst Mike McGlone.
TX Debtors Propose Amended Chapter 11 Plan: Cryptocurrency Claims Valued at Bankruptcy Date
FTX's debtors plan to value cryptocurrency claims based on their value at the time of the company's November 2022 bankruptcy, potentially impacting creditors due to market recovery.
Jasmy Coin Price Analysis 2023: Breakout, Challenges, and Predictions for a Bull Run
Jasmy Coin breaks above the downside trend line, but facing resistance at the 99-day MA.
Crypto Open Interest and Trade Volume Reach Levels since March
Open interest and trade volume in the crypto market have increased based on the latest surge in prices.
Government Officials in Russia Expected to Declare Their Cryptocurrency Savings
Government officials in the Ural region of Russia are now expected to declare their savings stored in cryptocurrencies.
Ethereum’s Sentiment Drops as FOMC Meeting Nears
After experiencing considerable momentum, Ethereum’s sentiment has dropped as the Federal Open Market Committee (FOMC) meeting edges closer, according to Santiment.
Bitcoin Circulation and Active Addresses Holding Steadily Despite Retracement
Bitcoin’s active addresses and circulation have not slowed down, despite the present correction because they have remained relatively strong.
Bitcoin Net Inflows Records $315 Million in Total in October
October will be written in Bitcoin’s history books as the month that saw the top cryptocurrency break the record by soaring to the $66,900 level.
To Avoid a Global Recession the Fed Should Ease Interest Rate Hikes - UN Report
Caution should not be thrown to the wind when it comes to tightening fiscal and monetary policies because this could trigger a global recession, according to a UN agency report.
What’s Different About Cryptocurrencies This Time Around?
Even people who haven’t been paying all that much attention to the markets over the last several months are likely aware that cryptocurrencies are one of, if not the hot investment topic.
Bitcoin Crosses $20K Mark, as Whales Continue to Accumulate Tokens
After slipping to lows of $18,000, Bitcoin has gained momentum and crossed the psychological price of $20,000.
Bitcoin’s Percent Balance on Exchanges Hits a 3-Year Low Amid Open Interest Breaking the Record at $19B
Bitcoin’s percent balance on exchanges has been downtrending after hitting a three-year low of 13%.
Ethereum Futures Open Interest Hit an ATH Amid $1B Being Locked in ETH Layer Two
Open interest in the Ethereum (ETH) network has been experiencing an uptick, leading to a record high.
With Upcoming Interest Rate Hike from Fed, Is BTC's Current Rally Short-Lived?
Bitcoin has regained momentum and reclaimed the $23K level, but this begs the question if this uptick is short-lived, given that the upcoming interest rate hike from the Fed.
BlockFi to Raise Interest Rates on Crypto Deposits, despite Encounter Bear Market
BlockFi has revised upwards interest rates on cryptocurrency deposits with effect from 1st July. Also, FTX is in discussions to acquire a stake in BlockFi.
Crypto Markets Surges above $1T in Valuation, What Lies Ahead?
With Bitcoin growing to its highest point in a month after slumping as low as its 18-month performance last month, speculations are now mounting with respect to the possibility of the industry slowing and easing out of the menacing crypto winter.
CoinGecko Study Shows Countries Most Interested in Crypto Since Market Crash
Crypto data aggregator CoinGecko has released a new survey showing global interest in cryptocurrency adoption. Nigeria, The United Arab Emirates, and Singapore are firmly in the lead.
Fed Rate Hike Unclear, Bitcoin Falls Below $21,000
The largest cryptocurrency, bitcoin, tumbled more than 9 percent to below $21,000, hitting a new low in late July. Bitcoin also posted its biggest one-day drop since June.
Bitcoin Price Holds Firm Around $19,000 Amid Institutional Adoption Surge
Institutional adoption appears to be a crucial driver for holding Bitcoin prices steady.
Federal Reserve Admits Blindsided Oversight of SVB Collapse
The Federal Reserve Chairman has admitted to being blindsided by the sudden collapse of Silicon Valley Bank (SVB) despite being under their supervision. The collapse of SVB has prompted an internal investigation led by the Vice Chairman to look into the failure of the bank and the Fed’s regulation of it. The bank’s collapse has been linked to the Federal Reserve’s successive interest rate hikes and erosion of its long-term bonds. This has led to depositors requesting withdrawals en masse, causing a bank run, and the Federal Deposit Insurance Commission taking possession of SVB.
$5,000 Emerge as the Largest Open Interest Strike Price for Ethereum Options
Open interest is rising, with $5,000 being the largest strike price for Ethereum options.
Citi Group Considers Launching Crypto Services Amid Increased Customer Interest
Citi Group discussed the possibility of launching crypto services for customers, just like Goldman Sachs enabled clients trade with Bitcoin-linked derivatives.
Ethereum’s Speculative Action Goes through the Roof as the Merge Edges Closer
Since the Ethereum merge has been awaited with bated breath by the crypto community, the network’s speculative action has skyrocketed.
CoinMarketCap CSO, on DeFi for Fostering a More Open Economy
Following part one of our interview with Carylyne Chan, the Chief Strategy Officer at CoinMarketCap, she elaborated on seizing market opportunities in decentralized finance (DeFi) with a new product, Interest by CoinMarketCap. She also outlined the potential effects of staking regarding CMC’s operations and plans for 2020.
Fed’s Interest Rate Hikes Attributed to Primary Catalyst of Crypto Bear Market
The decision by the federal reserve (Fed) to continuously hike interest rates to tame runaway inflation has been detrimental to the crypto market as bears continue to bite.
Crypto Interest in Asia is Brewing, Showing Long-Term Optimism in the Market
Crypto analyst Joseph Young has disclosed that Asia is showing considerable interest in the crypto market.
Litecoin Foundation Partners with Cred to Let Crypto Holders Earn Interest
Litecoin Foundation has announced a partnership with Cred to begin offering interest on Litecoin held as collateral. Cred customers can freeze their coins with Cred and earn up to 10% annual interest on their digital assets.
Ethereum Open Interest Hits All-Time High as 100% of ETH Addresses in Profit
Ethereum open interest hits an all-time-high and 100% of ETH addresses are now in profit.
Open Interest for Ethereum Futures Soars to All-Time High of $2.21 Billion
Bybt, an aggregated derivative exchange, has provided a more in-depth analysis about open interest on Ethereum Futures hitting a record-high of $2.21 billion.
Open Interest in Bitcoin Futures Extends Gains, Nearing All-time High Reaching Over $5 Billion
According to data published by Bybt cryptocurrency futures and information platform, the current Open Interest in Bitcoin futures contracts has hit $5.35 billion.
China’s Cryptography Law Piques Local Interest and Stirs Global Market Reaction
The recent passing of China's Cryptography Law, which will come into effect in 2020, has peaked local interest as searches for blockchain on WeChat surged ten-fold.
Trump Pushes Federal Reserve For Negative Interest Rates, Bitcoin's Anti-Inflation Mechanism Shines
The potential for negative interest rates on the US dollar highlights the strength of cryptocurrencies like Bitcoin, which have anti-inflationary mechanisms built-in.
Federal Reserve Holds 0% Interest Rates until 2023, Targets Over 2% Inflation—BTC Price Breaks $11,000
Bitcoin price spikes as Federal Reserve officials of FOMC said they will hold US interest rates close to zero and will continue to push inflation above 2% by 2023.
Fed Slashes Interest Rate to Near Zero and Launches 700Bn QE, Bitcoin Hovers Near $5k
In an attempt to stimulate U.S. economy amid coronavirus pandemic, the Federal Reserve (“the Fed”) decided to slash the main interest rate to near zero together with the purchase of $700 billion Treasury securities.
Bitcoin Futures Open Interest Hit ATH Again as BTC Price Soars by 900% Since 2018
Bitcoin futures open interest is back to all-time high once again based on the present price surge which has seen the BTC price gain over 900% since 2018.
Ghana Confirms Its Interest in Piloting Central Bank Digital Currency
Ghana has confirmed that it is on the hunt for a Central Bank Digital Currency (CBDC). The Bank of Ghana’s deputy governor, Dr. Maxwell Opoku-Afari, recently revealed that the country’s central bank remains committed to piloting a national digital currency. He made such remarks during a virtual stakeholder workshop on payment systems and services as reported by GhanaWeb local news outlet.
Bexplus Launches Up to 30% Interest Wallet, 100% Bonus Activity
With Bitcoin retake $19,000, the crypto market has gone wild. While the recovery of the global economy is stalled, the crypto market has seen large influxes of capital and investors. By the end of November, the total market capitalization of cryptocurrency has surpassed $500 billion.