Tag Archives: Cryptocurrencies

Global financial markets closed the week ending on Friday, October 11, with risk assets advancing over safe haven assets after US inflation data that highlighted a decline in price growth that would weigh heavily on interest rate cuts in the coming period. Markets are also awaiting developments in monetary policy …

Bitcoin is trading around the $63,000 level on Monday as a CoinShares report reveals that crypto investment products recorded outflows totaling $147 million last week, breaking their three-week inflow streak.Crypto assets witness outflows stirred by negative flows in Bitcoin ETFsCrypto ETFs recorded outflows totaling $147 million last week, according to …

Bitcoin’s price surged on Wednesday, driven by a wave of global monetary easing that funneled more investments into risk-driven assets. The world’s largest cryptocurrency is now eyeing a major breakout, supported by recent stimulus measures from China and expectations of interest rate cuts from both the Swiss and Swedish central …

Bitcoin continued its upward momentum on Monday, reaching a one-month high as traders reacted positively to the Federal Reserve’s recent interest rate cut. However, trading volumes were subdued due to a market holiday in Japan and the anticipation of more economic signals in the coming days. Bitcoin rose 1.3% to …

Bitcoin’s price surged to a three-week high on Friday, driven by improved risk appetite following the Federal Reserve’s significant interest rate cut. The world’s largest cryptocurrency gained momentum, rising in tandem with broader risk-driven markets like stocks. Other cryptocurrencies also posted gains, with Bitcoin leading the rally and setting the …

The Federal Reserve has lowered interest rates at its Sept. 17-18 meeting, decreasing the federal funds rate by 50 basis points to 4.75 to 5.0%. This is likely the first of a string of rate cuts that should help buoy the U.S. economy. Interest rates are one of the biggest …

Bitcoin’s price surged on Thursday following the Federal Reserve’s significant interest rate cut, which signaled the beginning of a potential easing cycle. The world’s largest cryptocurrency rose by 2.9% to $61,985 by 01:41 ET (05:41 GMT), briefly reaching a high of $62,539. Despite breaking out of the long-standing $50,000 to …

Bitcoin’s price saw an uptick on Thursday, climbing 2.8% to $58,115.9 by 01:16 ET (05:16 GMT), tracking gains in broader risk-driven markets, especially tech stocks. Despite this recovery, the cryptocurrency remains fragile after suffering significant losses the previous week. Strength in the U.S. dollar, driven by a stronger-than-expected consumer price …

Bitcoin’s price dropped on Wednesday, following a broader sell-off in risk assets as the contentious U.S. presidential debate increased concerns about the upcoming 2024 election. The cryptocurrency slipped 1.2%, reaching $56,258.6 by 05:58 GMT, while the broader crypto market also saw declines. Bitcoin turned negative after the conclusion of the …

Bitcoin’s price rose by 3.4% on Tuesday, reaching $56,715.3 at 01:16 ET (05:16 GMT), as bargain hunters moved into cryptocurrency markets after last week’s steep losses. However, the rebound was restrained by caution ahead of key U.S. inflation data expected this week, with ongoing capital outflows indicating that overall market …