market / 15 posts found
Market Wrap: Cryptos Rise in an Eventful Week; Bitcoin Hovers Over $21K, Ether Soars
James Rubin is CoinDesk’s U.S. news editor based on the West Coast. Glenn C Williams Jr, CMT is a Crypto Markets Analyst with an initial background in traditional finance. His experience includes research and analysis of individual cryptocurrencies, defi protocols, and crypto-based funds. He owns BTC, ETH, UNI, DOT, MATIC, and AVAX Crypto investors liked the tone of the latest jobs report and other economic indicators this week, sending bitcoin to a seven-week high and other cryptos well into the green. The largest cryptocurrency by market value was recently still around $21,000, up about 4% for the last 24 hours […]
Market Wrap: Bitcoin Heads for Best Week in 3 Months
Cryptocurrency Bradley Keoun is the managing editor of CoinDesk’s Markets team. He owns less than $1,000 each of several cryptocurrencies. Glenn C Williams Jr, CMT is a Crypto Markets Analyst with an initial background in traditional finance. His experience includes research and analysis of individual cryptocurrencies, defi protocols, and crypto-based funds. He owns BTC, ETH, UNI, DOT, MATIC, and AVAX Bitcoin (BTC) rose Friday after a U.S. government report showed the Federal Reserve’s preferred inflation gauge rose slower than expected last month. The reason that matters is because it shows progress in the Fed’s campaign to tamp down the pace […]
Market Wrap: Bitcoin Marches Past $20K as Investors Regain Their Appetite for Riskier Assets
James Rubin is CoinDesk’s U.S. news editor based on the West Coast. Glenn C Williams Jr, CMT is a Crypto Markets Analyst with an initial background in traditional finance. His experience includes research and analysis of individual cryptocurrencies, defi protocols, and crypto-based funds. He owns BTC, ETH, UNI, DOT, MATIC, and AVAX Bitcoin (BTC) took a rare trip upward on Tuesday. The largest cryptocurrency by market capitalization was recently trading at about $20,300, up nearly 5% over the past 24 hours as chronically risk-averse investors drew encouragement from a number of big brands’ third-quarter earnings reports. BTC last topped $20,000 […]
Market Wrap: Bitcoin, Ether Continue Their Sideways Moves as the World Twists and Turns
Cryptocurrency James Rubin is CoinDesk’s U.S. news editor based on the West Coast. Glenn C Williams Jr, CMT is a Crypto Markets Analyst with an initial background in traditional finance. His experience includes research and analysis of individual cryptocurrencies, defi protocols, and crypto-based funds. He owns BTC, ETH, UNI, DOT, MATIC, and AVAX Bitcoin is certainly liking the air above $19,000. The largest cryptocurrency by market value remained above this threshold for the 14th consecutive day as investors continued to digest a range of issues that have been plaguing markets for weeks or longer. Bitcoin was recently trading at about […]
Market Wrap: Bitcoin Trades Flat Ahead of Inflation Report
Glenn C Williams Jr, CMT is a Crypto Markets Analyst with an initial background in traditional finance. His experience includes research and analysis of individual cryptocurrencies, defi protocols, and crypto-based funds. He owns BTC, ETH, UNI, DOT, MATIC, and AVAX Bitcoin and ether started the work week slightly lower as markets await U.S. inflation data due Thursday. Impactful economic data announcements will be light until that point, although investors will be scrutinizing September’s Federal Open Market Committee minutes, which the U.S. central bank will release Wednesday. The minutes will shape expectations for FOMC’s aggressiveness at its next meeting. FOMC is […]
Market Wrap: Bitcoin, Other Risk Assets Fall Again Following Disappointing Jobs Data
Cryptocurrency Glenn C Williams Jr, CMT is a Crypto Markets Analyst with an initial background in traditional finance. His experience includes research and analysis of individual cryptocurrencies, defi protocols, and crypto-based funds. He owns BTC, ETH, UNI, DOT, MATIC, and AVAX Bitcoin and ether traded down to close the week, decreasing in line with traditional risk assets, though not to the same extent. The CoinDesk Market Index (CMI), a broad-based market index that measures the performance of a basket of cryptocurrencies, decreased -0.80%. In traditional financial markets, the Dow Jones Industrial Average (DJIA), tech-heavy Nasdaq Composite and S&P 500, which […]
This Is When The Altcoin Market Will Enter Final Capitulation Period, Per Analyst
Bitcoin Along with Bitcoin, altcoins too have been the prey of extreme volatility since a while now. Just a couple of days before the market appeared to be recovering but that couldn’t hold on for long as the currencies dropped. While the currencies struggle for a bull run, one of the known analysts is predicting more losses for altcoins in the days to come. On the other hand, even altcoins market valuation has dropped from 2021’s $900 billion to $200 billion at present. In a new strategy video, the analyst who is known as Pizzino informs his 276,000 subscribers over […]
