Why The IMF Thinks The Crypto Market Could See “Further Selloffs”
The crypto market is trading in the green with Bitcoin and Ethereum pushing beyond critical resistance levels. The first and second cryptocurrencies by market capitalization record a 10% and 15% profit in the last day and seem poised for more profits during today’s trading session. Related Reading | Bitcoin Makes Surprise Climb As Fed Discloses 0.75 Point Rate Bump In order to get more clarity in terms of direction, Bitcoin must close the daily candle above $23,000 and Ethereum above $1,700. Data from Material Indicators records a thing order book on the sell side if BTC’s price can....
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The crypto market is trending to the upside and recovering some of its last week’s gains with Polygon (MATIC), and other altcoins following the general trend. Digital assets seem to be positively reacting to the earnings reports from legacy companies. Related Reading | Why The IMF Thinks The Crypto Market Could See “Further Selloffs” At the time of writing, Amazon (AMZN) beat earnings expectations generating over $130 billion in net sales. Apple (AAPL) also beat expectations with $83 billion reported in earnings. Amazon +10% 👀 pic.twitter.com/T4twX73AKG — TradingView....
The price of bitcoin jumped well over the $25k handle touching a high of $25,890 on Saturday morning (EST). The crypto asset has an overall market valuation of $476 billion this weekend gaining over 6.8% during the last 24 hours. The overall cryptocurrency market capitalization of all the crypto assets in existence today is roughly $665 billion and up over 3.8% over the course of the day. Bitcoin (BTC) has surpassed the $25k mark and is currently trading for $25,700 per unit. At the time of publication, there is $11.6 billion in reported trade volume for BTC trading pairs. BTC is up over....
Jim Cramer, otherwise known as the ‘stock guru,’ has weighed in how the latest cryptocurrency market correction can affect the stock markets. Cramer thinks this contingency will benefit stock markets, with some investors taking profit and moving them to less volatile, less transient investments. But some volatile stocks also felt the correction in crypto, now that some tech shares are more correlated than ever. Jim Cramer Thinks Crypto Correction Will Benefit Stock Markets Jim Cramer, the host of CNBC’s Mad Money, and one of the most recognizable stock gurus stated the....
With the crypto market suffering massive losses this week, there has been more concern about the future of the space. This is not just limited to the price of the digital assets in the market, but rather the collapse of multiple big players in crypto such as Terra in May and now the FTX crypto […]
The total crypto market cap has grown by nearly 400% in the last three years, from $727B in October 2022 to a staggering $3.72T at the time of writing. That kind of growth is unheard of in traditional stock market indices. But wait until you hear what Ripple CEO Brad Garlinghouse thinks is next for […]