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
Crypto prices continued their uptrend into the Chinese New Year, even amidst recent bearish news in the industry as investors remained optimistic about a short-term rally. Earlier in the week, the Bitcoin Fear and Greed Index turned Neutral for the first time in 9 months. Happy Chinese New Year everyone! Gong Xi Fa Cai! 🐰
Solana’s value continues to soar this week and the overall crypto market is experiencing a bullish trend. Bitcoin has recently surpassed $20,000 for the first time since November 2022 and altcoins are also rallying. This likely stems from renewed investor confidence in the ability of the U.S. central bank to control inflation without negatively impacting … Read more
Solana leads the recovery of the crypto market this week, with a significant spike of over 25% in value. This recovery rally came after Solana experienced a free fall following the collapse of a once-top centralised exchange in November of last year. The surge in Solana’s value is reportedly due to the launch of BONK, … Read more
As we enter 2023, the cryptocurrency market is still under the effects of the negative chain reactions that occurred in the previous year due to the interconnectedness of various crypto bodies. Whilst many cryptocurrencies are facing volatility, Litecoin has remained robust and has attracted a significant number of whales accumulating it. Litecoin is expected to … Read more
Time flies, and we are already at our last weekly crypto roundup for 2022. While Bitcoin held steady throughout Christmas, it was a mixed week for other altcoins. After a tough year for the crypto market this year, investors are still adopting a wait-and-see strategy as they await the next major price movement in the … Read more
Investors are closely monitoring the economic data releases to assess the impact of the Federal Reserve’s interest rate hikes, plus the ongoing FUD surrounding the largest centralised crypto exchange that has since generated much disturbance and fluctuations in the crypto world. With this in mind for the shorter term, investors are becoming more risk-averse and … Read more
The crypto market remains stagnant as investors are eagerly awaiting the Federal Reserve’s decision tomorrow (14 December 2022, 2 AM GMT +8) on whether to moderate the pace of interest rate hikes. It is expected that the US central bank will continue to pursue a tightening of monetary policy, with the ongoing volatility and instability … Read more
Prices of most major cryptocurrencies have been consolidating as investors are still looking for support amidst this bearish market condition. Investors are cautiously optimistic as there have been indications of a smaller interest rate hike by the Fed for December 2022 due to recent inflation reports for November coming in lower than expected. What do … Read more
Bitcoin remains stagnant due to investors still being cautious following the recent concerns around centralised crypto exchanges. Alternatively, whales have been accumulating altcoins which offer cheaper entries with potentially much higher upside in the shorter term. Litecoin #LTC (often referred to as Silver to BTC’s Gold) has been a big winner here with its halving … Read more