Tag Archives: Bitcoin

The largest cryptocurrency by market capitalization retreated before recovering ground later in the day. Bitcoin’s price was roughly flat over the past 24 hours, while its spot volume reduced further.Bitcoin ‘s price late Thursday was roughly flat after dipping in earlier in the day, while spot trading volume remained muted. …

Cryptocurrencies are starting to stabilize after falling in January, and some analysts expect prices to recover this month, especially as several alternative cryptocurrencies (altcoins) outperformed bitcoin over the past week.Trading at $38667.70, Bitcoin’s daily price chart seems to be making a steady recovery pattern, but some concerning indicators are coming …

US Data released on Friday showed the Employment Cost Index (ECI) rose 1% during the fourth quarter, and 4% during the year. Analysts at Wells Fargo point out the quarterly increase was more restrained than Q3’s 1.3% gain, and they consider that may tamp down fears of a wage-price spiral …

Markets were ghosted by a wave of risk aversion on Monday, only safe-havens benefitted but risk-sensitive currencies were hurt, though the latter group had pared back on much of their earlier underperformance by the end of US trading session as risk appetite recovered.The US dollar was the safe haven of …

Bitcoin rallied on Monday afternoon, trading above $37,000, after falling to a seven-month low in the morning, as the cryptocurrency moved in lockstep with a swift rally in risk assets.Bitcoin was trading at $36,800 at 5 p.m., up, 4.7% on the day. In the morning, it traded below $33,000 for …

Bitcoin tumbled nearly 9 percent on Monday to a six-month low, as fears of a Russian attack on Ukraine kept selling risky assets at a rapid pace around the world. Bitcoin, the largest cryptocurrency, fell 8.8 percent to $ 33,058, its lowest level since July 23, to suffer losses of …

The US dollar declined on Friday, along with US Treasury yields, while investors looked ahead to next week’s Federal Reserve meeting for more clarity on the outlook for rate hikes.US Treasury yields fell as stock market declines reflected poor risk appetite, while concerns about potential conflict in Ukraine drove demand …

Will CPI data confirm US highest Inflation in 4-Decades? This is only one of several persistent questions raised by traders who are awaiting the important economic data as tighter Fed monetary policy could subject risky assets from stocks to cryptocurrencies to more downward pressure.Bitcoin traders generally bet that the largest …

The price of bitcoin fell at one point Monday to its lowest low since September 2021, as rising rates continue leading investors to shed positions in risky, growth-oriented assets.Bitcoin fell as much as 6% to touch a low of $39,771.91, according to Coin Metrics, but has since reclaimed some of …

The first seven days of 2022 have not been kind to bitcoin, as the most famous cryptocurrency lost 11% of its value within days and finished this week at about $42,000; down almost 40% from its all-time high in 2021’s fall.Other digital coins including ethereum and ripple also fell this …