August 2022 / 84 posts found
Why is Bitcoin Up This Week?
Cryptocurrency Bitcoin’s price at one point on Thursday reached $24,748.43 up by 4.81% with 24-hour trading, according to Coinbase. Thursday’s increase is a continuation of the rally by the first cryptocurrency with its price rising by 7.69% in just one week. Bitcoin currently enjoys a market cap of $470.5 billion and has a current circulating supply of 19,118,581 BTC coins. Across the board prices of cryptocurrencies are seeing a surge this week after a softer-than-expected inflation report, with Ethereum, Bitcoin’s biggest rival leading the pack with its value rising by 18.63% in the past week. Currently, Ethereum’s price is being […]
Kraken Daily Market Report for August 11 2022
Overview Daily spot trading volume: $745.9 million, 30 day average spot: $597.1 million. Total futures notional: $132.7 million. The top five traded coins were, respectively, Ethereum (↑1.5%), Tether (↑0.03%), Bitcoin (↓0.02%), USD Coin (↑0.0%), Solana (↑0.7%). Strong returns from Ankr (↑48%), Energy Web Token (↑32%), and UNFI (↑31%). August 11, 2022 $745.9M traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD ETH $1880.91 ↑1.5% $224.4M USDT $1.00 ↑0.03% $201.9M BTC $23956.20 ↓0.02% $187.4M USDC $1.00 ↑0.0% $50.0M SOL $42.80 ↑0.7% $19.2M…
Kraken Daily Market Report for August 10 2022
Bitcoin Bitcoin Overview Daily spot trading volume: $846.0 million, 30 day average spot: $588.8 million. Total futures notional: $202.1 million. The top five traded coins were, respectively, Tether (↑0.0%), Bitcoin (↑3.4%), Ethereum (↑8.9%), USD Coin (↓0.01%), Solana (↑5.4%). Strong returns from iExec (↑43%), Injective Protocol (↑24%), and Lido DAO (↑19%). August 10, 2022 $846.0M traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD USDT $1.00 ↑0.0% $254.0M BTC $23958.80 ↑3.4% $212.2M ETH $1853.82 ↑8.9% $211.7M USDC $1.00 ↓0.01% $67.2M SOL $42.49 ↑5.4% $15.2M…
Brazil payment app PicPay launches new crypto exchange service with Paxos technology
Users will be able to trade BTC, ETH and USDP, the regulated stablecoin from Paxos… Related News Paxos, a regulated blockchain infrastructure and crypto exchange platform, has today announced the launch of financial advisor crypto trading within Paxos Crypto Brokerage. The new functionality allows broker-dealers to provide a comprehensive wealth management… Read more Paxos, a crypto services platform, announced today that MercadoPago, the financial services arm of LATAM market portal MercadoLibre, will offer its Brazilian customers the opportunity to buy, sell and hold Bitcoin, Ethereum, and the… Read more Paxos, a bitcoin & crypto exchange service company, announced today that […]
Bitcoin Soars Towards $24K as US Inflation Slows Down to 8.5%
Bitcoin The United States government just released the latest CPI data, indicating that inflation has finally begun to ease following several consecutive months with record-setting numbers. As with previous examples, the price of bitcoin reacted almost immediately with a surge towards $24,000. Ever since the start of the year, the inflation numbers from the US have impacted BTC’s price since the cryptocurrency is considered a widely riskier asset. For several consecutive months, the US had to announce record-breaking inflation percentages, with the latest in July being at 9.1% – the highest in over 40 years. However, due to the declining […]
Bitcoin Rallies as U.S. Inflation Cools to 8.5%
The latest Consumer Price Index print for July has fallen below expectations of an 8.7% print, hinting that U.S. inflation may have peaked. Key Takeaways The U.S. Consumer Price Index data for July has come at 8.5%, 20 basis points lower than economists’ expectations. The cooling suggests inflation may have peaked in June, meaning the Federal Reserve could turn dovish sooner than previously expected. Bitcoin and Ethereum both surged as the numbers dropped. The decline in inflation following the four-decade record print of 9.1% in June could bode well for risk-on assets like equities and cryptocurrencies. Bitcoin and Ethereum jumped […]
Here’s Why It’s a Crucial Week For Crypto Market, What Bitcoin (BTC) Traders Can Expect?
Cryptocurrency Bitcoin bulls are trying hard to set their foot above the $24,000, although on the other hand financial analyst Justin Bennett said that this week’s release of inflation data will be the biggest test of the year by far for the cryptocurrency markets. The trader said in a new video that statistics from the Consumer Price Index (CPI) and Producer Price Index (PPI) might shake the macro environment and have a big impact on cryptocurrency. Both CPI and PPI will be released back-to-back the next week, so the stock market, as well as the cryptocurrency market, will want to […]
Bitcoin (BTC) Price Still in Course To Hit $100k Says Bloomberg Strategist, Mike McGlone
Mike McGlone, the senior commodity strategist at bloomberg bloomberg MediaConglomerate company Followers : 0 View profile , believes that Bitcoin, the most popular cryptocurrency, is still on course to reach $100,000. In the second half of 2022, oil prices will continue to fall. The U.S. Federal Reserve is likely to stop raising interest rates as a result of declining petroleum prices, which will likely indicate worldwide deflationary trends. Inflation expectations have fallen in the United States across all time horizons, according to a recent survey by the Federal Reserve Bank of New York. Such macroeconomic factors could increase gold prices. […]