Bitcoin Soars: Unpacking the Drivers Behind the Recent Rally

Last week, Bitcoin’s price soared to around $69,000, marking a significant rebound in the cryptocurrency market. This impressive surge can be attributed to several interrelated factors that have collectively energized investor sentiment and market dynamics. BlackRock’s Bold Bitcoin Move BlackRock, the world’s largest asset management firm, made headlines recently with its significant investment in Bitcoin. … Read more

Weekly Crypto Roundup: Updated 16 October 2024

Over the past week, the cryptocurrency market has experienced significant upward momentum across various assets, likely fueled by increased investor confidence and favorable market sentiment. Bitcoin (BTC) surged by 12.95%, while Ethereum (ETH) rose by 5.85%. Litecoin (LTC) saw a 7.21% increase. XRP had a modest rise of 2.16%. Solana (SOL) experienced a substantial uptick, rising 11.47%. Bitcoin Cash (BCH) remained … Read more

Uptober or UptOVER: What happened to Bitcoin last week?

The cryptocurrency market is experiencing significant price volatility, with Bitcoin falling by approximately 2%. The recent decline in crypto prices can be attributed to two major developments: the planned sale of over $4 billion worth of Bitcoin by the U.S. government and the anticipated release of the U.S. Consumer Price Index (CPI) report on October … Read more

Weekly Crypto Roundup: Updated 2 October 2024

This week, the cryptocurrency market experienced varied performances across key assets, reflecting both regulatory and market-driven factors. Bitcoin (BTC) dropped by 3.57%, a decline attributed to growing concerns over the U.S. Federal Reserve’s hawkish stance on interest rates and the uncertain macroeconomic environment, as reported by CoinDesk. On the other hand, Ethereum (ETH) saw a … Read more

Weekly Crypto Roundup: Updated 25 September 2024

This week, cryptocurrency markets saw significant shifts across major coins. Bitcoin (BTC) rose 4.72%, largely due to the growing anticipation around the SEC’s potential approval of several Bitcoin spot ETFs, as reported by Bloomberg. Ethereum (ETH) surged 10% following the launch of Ethereum futures ETFs in the U.S., which has driven trading volumes to new … Read more

Weekly Crypto Roundup: Updated 18 September 2024

This week’s cryptocurrency market saw mixed trends across major assets. Bitcoin (BTC) rose by 0.75%, buoyed by renewed institutional interest and increasing adoption, as reported by CoinTelegraph. Ethereum (ETH), however, dropped by 3.76%, with market sentiment dampened by ongoing concerns around delays in Ethereum staking withdrawals, according to Decrypt. Litecoin (LTC) saw a significant decline … Read more

What to Expect from the US Fed Interest Rate Decision: 5 Impacts on the Crypto Market

The US Federal Reserve’s interest rate decisions are major events in global markets, including the cryptocurrency space. For Malaysian investors new to the world of digital assets, here’s a simple breakdown of what to expect from upcoming Fed decisions and how they could affect your crypto portfolio. 1. Impact on Market Sentiment When the Fed … Read more

Weekly Crypto Roundup: Updated 4 September 2024

This week, the cryptocurrency market saw mixed performances across major assets. Bitcoin (BTC) edged down by 0.96%, influenced by cautious market sentiment amid ongoing regulatory scrutiny, as reported by Bloomberg. According to CNBC, Bitcoin’s slight dip is due to concerns over potential U.S. regulatory crackdowns and a broader market pullback. Investors also took profits after … Read more