Cryptocurrency

It has been a big week for a number of major central banks worldwide. Central banks continuing to raise interest rates in an effort to tame inflation, largely dismissing for now the threat to economic growth posed by the spread of the Omicron variant. On ‘Super Thursday’ for central banks, …

The more speculative assets have dropped ahead a host central bank meetings, as markets began to consider a world of tighter monetary policy.Bitcoin was not an exception, falling below USD 47,000, more than 30% off its all-time high reached just last month. Bitcoin tumbled 3.77 per cent, while Ethereum was …

Crypto assets currently pose limited risks to the stability of the UK financial system according to the Bank of England in its Financial Stability Report, released Monday. But the pace of growth means cryptocurrencies could become more dangerous as they become increasingly linked to wider financial networks, the report added.“Material …

The US Dollar Index (DXY) which measures the performance of the US dollar against major currencies, has slid by 0.19%, settling at 96.04 during the New York trading session.The market sentiment was positive as the Wall Street session closed, with major US shares finishing in the green territory recording gains …

Bitcoin ( BTC -0.69% ), Dogecoin ( DOGE -3.25% ), and Chainlink’s ( LINK -9.14% ) tokens fell roughly 10%, 17%, and 18%, respectively, so it has been another tough week of selloffs for the broader cryptocurrency market.In addition to concerns about cyclical pricing trends and regulatory risks, cryptocurrency prices …

Bitcoin continued to struggle below the critical USD 50,000 resistance level on Thursday. The short-term downtrend over the past month remains in effect, which could limit further upside beyond $50,000-$60,000.The famous cryptocurrency is down about 4% over the past 24 hours, although support at around the 200-day moving average (now …

President Joe Biden told Russian Counterpart Vladimir Putin that the United States is prepared to launch strong economic measures in case Russia decides to invade Ukraine. The Bank of Canada is expected to keep the major part of focused spotlight on inflation at its policy decision, as the country’s central …

Cryptocurrency mining stocks recorded gains, on Tuesday, due to a price rebound among cryptocurrencies including Bitcoin ( BTC -0.08% ), in addition to the hotter than normal stock market. The S&P 500 was up 2%, which is a big move for a single day. And Bitcoin is up 4% over …

Bitcoin continued its decline after a strong decline on Saturday and fell on Monday by more than 3% to settle around $47,700 levels. Bitcoin lost about a fifth of its value during trading on Saturday, and some attributed this strong decline to profit-taking and global fears, but then managed to …

Bitcoin hovered near $49,000 on Monday, down 1.5% on the day, as traders took losses after a grueling weekend when the world’s most popular cryptocurrency at one point lost more than 20% of its value. This trajectory brought the price of Bitcoin and the amount invested in its futures contracts …