The third meeting of the Federal Open Market Committee (FOMC) for 2024 is already underway, and it will have a major impact on the American economy. Today, May 1, at 2 PM European Time (11:30 PM Indian Standard Time), the meeting that began on Tuesday, April 30, is expected to
Distress grips the global crypto market as Bitcoin (BTC) sinks to $56K, slamming the brakes on its momentum within the $62K-$66K zone. From its all-time high (ATH) of $73,750 in March, the largest-capped crypto has retreated by 23% to hit its 2-month low of $56,555. Consequently, crypto liquidations in the
The crypto community is becoming more worried as inflows to BlackRock’s spot Bitcoin ETF have paused for many days in a row, marking the first such occurrence since the fund’s introduction. In the US, the iShares Bitcoin Trust (IBIT) of BlackRock, which is the fastest-growing spot Bitcoin ETF, has not
The market has seen massive liquidation as the values of cryptocurrencies, especially Bitcoin, have fallen precipitously in the last day. The liquidation of some of these digital assets exceeded $286 million in leveraged crypto positions. In the last 24 hours, about 99,014 traders have been liquidated, with a total of
In spite of reporting a financial loss of $53.1 million in the first quarter of 2024, the biggest corporate holder of Bitcoin, MicroStrategy, proceeded to stack additional Bitcoin in April. The company’s digital asset impairment loss increased tenfold from the first quarter of 2023 to $191.6 million in the quarter,
The past week has seen a significant downturn in trading activity, reminiscent of levels last witnessed during the final week of January. As traders grapple with indecision, the once fervent calls to ‘buy the dip’ have dwindled, echoing a quieter sentiment among those bullish on the crypto market’s trajectory. Bitcoin
After Bitcoin ETFs were introduced in Hong Kong today, BTC had a little 2% recovery, going beyond $63,300. The latest on-chain data, however, shows that Bitcoin miners are increasingly liquidating their holdings. A large amount of Bitcoin has been moved from miners to spot exchanges, according to Cryptoquant, an on-chain
Last week, there was a notable divergence in Bitcoin Exchange-Traded Funds (ETFs) fortunes, as observed in both the United States and Hong Kong markets. In the United States, the trend of negative net inflow continues to persist, marking a challenging period for Bitcoin ETFs. Data reveals that the net inflow
There was no relief in sight for the wider crypto market during the past weekend. The price of Bitcoin saw a further 2.2% decline, dropping below $62,500. At the time of writing, the Bitcoin price managed to climb above the $62,500 threshold and is now trading at $62,983. Similar is
As the crypto market shifts towards an uptrend and Bitcoin ETFs gain momentum, Australia is poised to ride the bullish wave in the crypto market with the imminent launch of Bitcoin exchange-traded funds (ETFs). This announcement follows in the footsteps of the US and Hong Kong lead; prominent issuers like
