Cryptocurrency prices declined on Thursday as markets awaited September US inflation data. The global cryptocurrency market cap fell by 1.94%, landing at approximately $2.13 trillion over the past 24 hours. As of 12:40 PM IST, Bitcoin was down 2.12%, trading at $61,042, while Ethereum slipped 1.4% to $2,398. “Bitcoin is facing selling pressure. The downturn … Read more
So far, 2024 has been an eventful year for the crypto market, with the launch of Bitcoin and Ethereum ETFs taking the front seat. While there is yet to be a major spike in prices as in the 2021 crypto bull run, analysts believe this could be a possibility before the end of this year. … Read more
Major crypto tokens traded mixed on Friday. Bitcoin, Ethereum, BNB, Solana, Tron, and Uniswap witnessed slight declines of up to 2%, while XRP, Toncoin, Cardano, Avalanche, Polkadot, and Litecoin saw gains, climbing as much as 5%. As of 1:07 pm IST, Bitcoin had slipped 2% to $57,939, while Ethereum dropped 0.8% to $2,342. Meanwhile, The … Read more
Blue-chip cryptocurrencies Bitcoin and Ethereum surged Thursday as Federal Reserve minutes suggested that U.S. interest rate cuts may commence within weeks. The minutes validated bets on a rate cut next month and said the “vast majority” of policymakers felt that if data came in as expected, a September cut was likely to be appropriate. As … Read more
Bitcoin and Ether prices surged on Tuesday, reflecting a recovery across global markets battered by recent sell-offs. This bounce-back was supported by reassuring statements from central bank officials and positive U.S. economic data. US economic data released on Monday suggested that a recession isn’t imminent. The July ISM Services PMI exceeded economists’ expectations, registering at … Read more
Major cryptocurrencies fell in Thursday’s trade following the Federal Reserve’s decision to keep the key interest rate unchanged. Overnight, the US Federal Reserve maintained its key interest rate at 5.25–5.5% for the eighth consecutive time, as expected, while signaling the possibility of a rate cut in its next meeting in September. The Federal Open Market … Read more
Ahead of tonight’s US Fed meeting, where Jerome Powell is expected to signal the timing and number of potential rate cuts, cryptocurrency markets traded lower on Wednesday, with Bitcoin and Ethereum leading the decline. At 1:48 pm IST, Bitcoin (BTC) was trading 1.3% lower at $66,088, while Ethereum fell nearly 1.11% to $3,313. Meanwhile, the … Read more
Bitcoin (BTC) was trading weak and was down 0.70% on Tuesday after recovering over the last few sessions. It was trading at $62,865 around noon. Other major altcoins that were trading in the red included Ethereum (ETH), Tether, BNB, Dogecoin (2.39%), Avalanche, and Shiba Inu were down by up to 4.5%. Altcoins that were trading … Read more
Major cryptocurrencies surged in Monday’s trading session after data last week showed U.S. inflation had stabilised in April, keeping the door open for the Federal Reserve to cut interest rates later in the year. At 1:18 pm, BTC was trading 1.7% higher at $68,870, while Ethereum rose marginally 0.5% to $3,813. Meanwhile, the global cryptocurrency … Read more
Cryptocurrencies like Bitcoin and Ether jumped on Tuesday after the US SEC asked exchanges that want to trade ether exchange-traded funds (ETFs) to update regulatory filing. Bitcoin jumped as high as $71,957 and ether hit $3,720.80, the high levels last seen on April 9. “Bitcoin on Monday jumped more than 6 per cent on international … Read more
