Crypto traders worldwide welcomed an astonishing report that stated CZ’s early release from prison. This news comes amid a circumstance when the crypto market is witnessing increased volatility. Leading cryptocurrencies are laying the groundwork to establish a full-fledged bull run, while bears pose hurdles. Notably, Binance Founder and former CEO
The overall crypto market entered a slump over the weekend, after prices fell yet another time this month. Amid increased volatility, prices have been struggling to sustain bullish movements in the past few months. This has resulted in fluctuating market sentiments and an uncertainty among investors. Notably, leading cryptocurrency, Bitcoin
In the rapidly evolving cryptocurrency market, Altcoins like Aave (AAVE), Internet Computer (ICP), and THORChain (RUNE) are gaining significant attention due to their recent price movements and developments. Aave (AAVE) has been in the spotlight recently with its innovative lending protocol and key partnerships. Aave’s current price stands at $148.70,
As Bitcoin (BTC) climbs to the $58,000 mark, the positive sentiment in the crypto market is boosting other cryptocurrencies, including Fantom (FTM). In the last 24 hours, FTM has surged by over 13.4%, climbing from a low of $0.4389 to a high of $0.4963 and tops the gainers list. Despite
The global crypto market, in the past few weeks, has remained bearish despite persistent investor expectations for bullish turns. This struggle for price revival has been reflected in cryptocurrency’s different sectors. Notably, AI-related crypto tokens have factored in the market slump in their own prices. Moreover, leading cryptocurrencies such as
Economists in the United States are predicting a rather strong reading for personal consumption expenditures (PCE) price index, the favored inflation indicator of the Federal Reserve. This means the US FOMC will have to think about cutting interest rates in September. If the PCE price index number is greater, the
The cryptocurrency market has been under bearish pressure, with bearish sentiment driving a 5.58% decline in overall market capitalization. Bitcoin, the leading cryptocurrency, dropped to an eight-day low of $58,034, marking a 5% decline. Ethereum also faced a sharp downturn, briefly falling to a 20-day low of $2,481. Amid this
The cryptocurrency market has been under significant pressure as bearish sentiment led to a 5.58% drop in the overall market cap. Bitcoin, the leading cryptocurrency, plunged to an eight-day low of $58,034, marking a 5% decline. Ethereum also faced a sharp downturn, briefly falling to a 20-day low of $2,481.
The most powerful indication of Fed rate reduction came from US Federal Reserve Chair Jerome Powell during his Friday address in Jackson Hole. Following the recent publication of the FOMC Minutes, the stock and cryptocurrency markets were already in a bullish mood. But Powell’s statement that “The time has come
This coming week, the crypto market will be watching for important events like the July FOMC Minutes and the Jackson Hole Retreat address by Fed Chair Jerome Powell. Given its potential influence on investor sentiment, the FOMC Minutes will certainly affect the mood of the market. The wider community also
