Cryptocurrency

Dubai TV interviewed Mohammed Hashad, Head of Research and Development at Noor Capital and a member of the American Society of Technical Analysts. Hashad discussed recent market developments, asset performance, and investment tools, including oil, gold, and cryptocurrencies. He also shared his expectations regarding monetary policy, particularly the Federal Reserve …

Bitcoin prices edged higher on Thursday, benefiting from a broader rally in risk-driven markets as traders increasingly bet on a September interest rate cut by the Federal Reserve. However, gains were limited by concerns over potential new token distributions from the defunct crypto exchange Mt Gox, which kept the cryptocurrency …

Bitcoin climbed on Tuesday to nearly $61,000, mirroring gains in other risky assets. On Wednesday it surged further to the daily high of $61,782, and eventually stabilized around $61,100, up by around 3.4%. This rise is likely due to growing expectations of a Federal Reserve rate cut in September.However, Bitcoin …

Bitcoin surged on Tuesday, rising 4.5% to $61,176.1 by 01:29 ET (05:29 GMT), as optimism about potential interest rate cuts by the Federal Reserve bolstered risk-driven markets. This growth mirrors broader market gains, reflecting increased investor confidence that the Fed may reduce rates in September. Key Factors Driving Bitcoin’s Rise: …

Bitcoin’s recent price behavior has ignited a fervent debate among investors and analysts. After a brief flirtation with the $60,000 level, the world’s largest cryptocurrency has retreated, leaving market participants grappling with uncertainty. Is this a temporary consolidation phase, or a harbinger of a more protracted downturn?The Macroeconomic UndercurrentTo fully …

Bitcoin’s recent price action has been characterized by volatility and indecision. After a sharp decline of 3.06% in the past 24 hours, the world’s largest cryptocurrency managed to recoup some losses, hovering around the $59,000 level. While short-term technical indicators suggest a potential upward move towards the $60,000 resistance, the …

Bitcoin prices experienced a slight decline on Friday and are poised for a significant weekly loss, reflecting broader market fears over slowing economic growth, which have adversely impacted crypto prices. Market Concerns and Influences The drop in Bitcoin’s value was influenced by several factors. One of the main concerns among …

Despite the Federal Reserve adopting a dovish tone during the FOMC meeting, Bitcoin’s price remained weak. Fed Chair Jerome Powell hinted at a rate cut in September, which had already been priced in by the market at 0.25% odds.While US equities responded positively, the crypto market showed little interest, with …

Bitcoin price started a downside correction taking it below $66,000. BTC is now correcting gains and might extend losses. Bitcoin struggled close to $70,000 and started a downside correction. The price is trading at $65,673; down 1.66%. There was a break below a key bullish trend line with support at …

Bitcoin prices continued their downward trend on Wednesday, reflecting a broader week of losses. The decline is largely attributed to a weak risk appetite among traders, driven by growing uncertainty surrounding the U.S. political landscape. In the past 24 hours, Bitcoin fell by 1.7%, bringing its price down to $65,793.50 …