The crypto bull market is “reawakening” according to Arthur Hayes, the former CEO and co-founder of BitMEX who now runs Maelstrom. This comes after interest rate cuts announced this week by the Bank of Canada and the European Central Bank. The Bank of Canada dropped interest rates by quarter of
The overall crypto market witnessed key moments in May 2024. While the market witnessed price hikes, the SAB 101’s veto caused obstacles. Cryptocurrency has also played a crucial role within the US political landscape which fueled further events. Besides, with multiple crypto crimes and significant arrests the month has been
Bitcoin (BTC) has showcased significant market fluctuations recently, reflecting mixed sentiment, among investors. Today Bitcoin’s price movements were influenced by the anticipation surrounding macroeconomic data and the impact of the Bitcoin Spot ETF. After briefly surpassing $70,501 on May 27, Bitcoin faced substantial support and dropped 5% in 2 days
The meme coin sector spearheads bullish rallies with a 34.88% price growth in the last 30 days. In particular, Pepe Coin has shown an impressive 106% growth in market price over the past month. PEPE’s upward rally has resulted in 96% of the holders residing with profitable wallet holdings. The
The cryptocurrency market is gearing up for a significant week, with several major cryptocurrencies facing potential catalysts that could highly influence their price. Last week, multiple top cryptocurrencies experienced a second wave of price increases, continuing the positive momentum from the prior week. This resulted in a substantial rise in
Dogecoin (DOGE) is once again capturing attention as its trading volume has surged by over 35.67% since early trading hours, despite the global crypto market experiencing declines. This spike in volume has led to a nearly 10.5% increase in Dogecoin’s price, pushing it from $0.1562 to $0.1727. The crypto market
Fundraising in the cryptocurrency market reached $2.4 billion in the first quarter of 2024, thanks to a shift in market mood and fresh inflows. According to a recent PitchBook analysis, the cryptocurrency sector saw a huge increase in investment numbers quarter-on-quarter. The bull market in Q1, during which cryptocurrency values
The cryptocurrency market has sustained a downward trajectory over the past week. The overall market has seen a decline of 3.6%, coupled with a significant 27% decrease in trading volume compared to the previous week. Despite this gloomy backdrop, hope flickers among traders, largely fueled by the resilience of select
Inflation concerns persist as the U.S. Bureau of Labor Statistics gears up to unveil the April Consumer Price Index (CPI) data on May 15. The projections suggest that April’s CPI could range between 3.3% and 3.4%, the figures could amplify worries about inflation running higher than the Federal Reserve’s target
Investors are waiting anxiously for important economic data to help them navigate the volatile cryptocurrency market. Important data, such as the U.S. Consumer Price Index (CPI) and Producer Price Index (PPI), is set to be released soon and might affect market dynamics, especially given the current gloomy sentiment in the
