Uncertainty over the Federal Reserve’s upcoming rate hike is keeping Bitcoin and altcoins under pressure. This could change if the expected 0.75% bps hike is selected.
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Massive futures market liquidations have followed the crypto market crash that saw the price of bitcoin (BTC) drop to a three-months-low price of $18,400. Futures liquidations across the crypto market reached over $434 million in the last 24 hours. According to data from Coinglass, a cryptocurrency futures…
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Global growth is steering towards an “increasingly synchronous downturn”, economists at Barclays said on Thursday, pointing to continued lockdowns in China, a deepening energy crisis in Europe, and tightening financial conditions across economies. Barclays expects a slowdown in global growth to 2.2% next year compared to2.8% this…
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A statement made by U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler in the wake of Ethereum’s (ETH) merge hints that federal regulators may reportedly consider the top altcoin as a security. According to a new report by The Wall Street Journal, Gensler said that the…
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The founder of Hex, Richard Heart previously predicted exclusively to Watcher Guru that Bitcoin will crash to $11,000.…
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Bloomberg’s closely followed senior commodities strategist, Mike McGlone, is expressing bullish sentiment on crypto assets once inflation is wiped out. McGlone says in an interview that he expects Bitcoin (BTC), Ethereum (ETH) and other crypto assets to “come out ahead” once deflation sets in as a result…
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Michel S. Barr, the Fed Vice Chair for Supervision, says that the regulation and oversight of stablecoins and other private money, if unregulated, could pose financial stability risks to the US economy. “History shows that in the absence of appropriate regulation, private money is subject to destabilizing…
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As more mainstream financial institutions on the Wall Street enter the crypto financial market, the correlation between cryptocurrencies represented by BTC and ETH and NSDQ increases. The strong interest rate hike by the Federal Reserve and the surge in the US dollar index have brought a more…
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Bitcoin (BTC) is still contending with the bears for the $19K support level. While the crypto community anticipates a trend reversal, a CNBC panellist and trader is asking investors to abandon hope in the short term, as he predicts an extended period of bearish price actions for…
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In a tweet on Wednesday, on-chain analytics firm Santiment Feed disclosed that traders are showing little interest in buying the dip despite significant drops in market prices following the US inflation data release. Notably, mentions of buying have dropped considerably since the US Consumer Price Index (CPI)…
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