Last week, XRP’s price rose as investors grew more confident in Ripple winning its lawsuit against the SEC, while Bitcoin’s price dipped slightly but remained above $27,000. The market was also unsettled by US regulators’ litigation against Binance, the world’s largest crypto exchange, for allegedly violating trading rules.
Bitcoin and other major cryptocurrencies saw price increases as funds were seen turning to crypto trading amidst the ongoing banking crisis. This could reflect the changing attitudes of consumers towards traditional banking. The high Fear and Greed Index score also reflects growing confidence among investors in the growth potential of the crypto market.
The cryptocurrency market has experienced another uptrend this past week after several weeks of consolidation, as investors react to the fallout of the collapse of several regional banks in the U.S. earlier this month.
Following Silvergate’s liquidation and Silicon Valley Bank’s collapse last week, crypto prices have dipped. Half of US venture capital-backed startups were exposed, causing stablecoins turmoil and a significant blow to crypto prices. While the SVB collapse had hurt the tech/crypto sector, experts say it is not expected to threaten the financial health of the entire … Read more
The cryptocurrency market experienced a bearish trend last week after a classic rally at the beginning of the year. The SEC’s investigation into Binance and the financial crisis at Silvergate also contributed to the market decline, with Bitcoin and Ethereum both losing over 5% last Friday. Events lined up for the coming week like the … Read more
Cryptos have lost their momentum to keep the prices on the rise, and the Solana network experienced crashes in the protocol twice during the weekend, resulting in a drop in price. Important economic data such as the Consumer Confidence Index from the US and the Inflation Rate from China are set to be announced in … Read more
The price of Bitcoin broke a high of USD 25,000 last week for the first time since June 2022. The market has behaved surprisingly with a rally in both cryptocurrencies and the tech sector despite the continued rise in interest rates. However, investors should be cautious as this could be a sucker’s rally that is … Read more
The crypto market experienced a period of consolidation this week as prices levelled out. Traders took advantage of the stability to take profits, while others are holding onto their positions in anticipation of fresh CPI data set to be released tomorrow (14th Feb 9:30 PM GMT+8), which is a key indicator of changes in purchasing … Read more
The crypto market continues to see a rally, albeit at a relatively slower rate after the Federal Reserve raised interest rates by 25 basis points to 4.75% as expected. Bitcoin prices are showing steady increases, and the market is optimistic that inflation will cool down and the Fed will ease up on tightening in 2023.
The price of Bitcoin reached a high of USD23,000 in the first month of 2023. The Fear & Greed Index has also increased to 61 (Greed), compared to last month’s 25 (Extreme Fear), indicating that traders are buying. All eyes are also on the announcement of the Federal Reserve (FED) on February 1st regarding an … Read more