Fri, April 19

Prominent Crypto ETP Issuer 21Shares Suspends Several Offerings

Due to insufficient investor interest, 21Shares, a crypto ETP issuer located in Switzerland, would allegedly shut down five of its funds and delist another. According to Arielle Pennington, the company’s head of global communications, the company will keep offering its other products, which are in high demand. Bloomberg reports that

March 20, 2023 2 mins read

Bitcoin’s Bear Market Ends, Was $28k the Evidence?

Bitcoin (BTC) marked this year’s second high above $28,000 in the last 24 hours. Previously, BTC charted a high of $25,512 at the beginning of 2023. Amid global bank runs, Bitcoin’s bull run powers up the cryptocurrency market’s recovery.  Notably, at press time, the Bitcoin fear and greed index stood

March 20, 2023 2 mins read

All Eyes on Upcoming FOMC Meeting as Bitcoin Expected to Rally

An optimistic result for the cryptocurrency market at the forthcoming Federal Open Market Committee (FOMC) meeting is possible given the continued banking crisis and macroeconomic worries in the United States. On March 21st and 22nd, 2023, the Federal Open Market Committee will convene to discuss how best to achieve the

March 19, 2023 1 min read

Member of European Parliament Advocates Ban on Crypto Amid Bank Crisis

In light of the present financial crisis, former Belgian Finance Minister and Member of the European Parliament Johan Van Overtveldt has advocated for a ban on cryptocurrency. According to Van Overtveldt, the digital asset business creates “no economic or social value.” These were made in a tweet by the ex-Belgian

March 18, 2023 1 min read

Merger Between Credit Suisse Bank and UBS Group Reportedly on the Cards

Recent sources indicated that the historic merger deal between Credit Suisse and UBS Group would be concluded as early as Saturday evening. The Swiss National Bank and the Swiss Financial Market Supervisory Authority FINMA, Switzerland’s central bank and financial regulator, reportedly saw this merger as their sole option to avert

March 18, 2023 1 min read

Cryptos on Green While Stocks Are Red

The sudden collapse in banks made a negative impact on the Stock market. The most active stocks like Dow Jones, S&P 500, and Russel 2000 index are facing a downfall in the market. At the same time, the crypto industry has been witnessing a bullish market after the great collapse.

March 18, 2023 2 mins read

Bitcoin Price Jumps to 26K, Will this Prolong or Breakdown?

The global crypto market leader, Bitcoin (BTC), surged over 6.48% in the last 24 hours and reached a nine-month high of $26,256 after taking a deep dive into the $15K range during the prolonged bear market. In addition, BTC recapped a market cap of the $5 billion range since June

March 17, 2023 1 min read

Whale Transfers 2,500 Bitcoin (BTC) Worth $62M to Binance

During a massive Bitcoin price surge, crypto titans seem to have jumped into action with massive buying intentions. As US banking stocks plummeted on Monday due to the bankruptcy of Silicon Valley Bank and Signature Bank, investors were relieved to see a surge in the value of cryptocurrencies. Even though

March 15, 2023 2 mins read

Bitcoin Breaches $26k Level as Crypto Market Rallies Post CPI Inflation

The value of Bitcoin (BTC), the biggest cryptocurrency, increased by an astounding 18% during the previous 24 hours to surpass the $26,000 mark. This increase occurs after inflation rates seemed to be leveling off in February. Yet, February’s inflation increase was in keeping with market forecasts. The annual inflation rate

March 14, 2023 1 min read

Bitcoin (BTC) Price Witnesses Rapid Surge Crossing $26K Mark

The United States Consumer Price Index (CPI) data exhibited conflicting inflation indications on March 14, driving Bitcoin (BTC) over $26,000. The announcement of the Consumer Price Index for February triggered an unexpected wave of turbulence. Year-over-year inflation rose by 6%, while inflation from month-to-month came in at 0.4%, which was

March 14, 2023 1 min read