Tag: economy

Several macroeconomic indicators suggest that bearish headwinds could strengthen during the remainder of 2023 and possibly negatively impact the crypto market. It’s been a whipsaw 2023 for investor sentiment, and even though equities markets have defied expectations, a recent report from ARK Invest highlights reasons why the remainder of 2023 could present several economic challenges. ARK manages…

Evergrande’s ongoing bankruptcy saga has significant macroeconomic implications — including for the global cryptocurrency market. As Evergrande Group, China’s heavily indebted property developer, files for bankruptcy in the United States, many are concerned about how this will impact the global economy and cryptocurrencies. The situation represents one of the largest debt faultings in the world and will have…

Traders are still tiptoeing around markets, as multiple risk events remain at the forefront, but BTC margin and futures markets are starting to favor a bullish breakout. Bitcoin has been trying to break above the $27,500 resistance for the past week but to no avail. One of the reasons limiting Bitcoin’s upside is the risk of an…

Expect to see tokenized securities proliferate in the years ahead — along with heavy investments in Ethereum staking pools. Ethereum is often depicted as traditional finance’s adversary in a Manichean struggle for decentralization. In reality, there isn’t any conflict at all. Rather than subverting the traditional financial sector, Ethereum is improving it. Soon, the two…

Cathie Wood thinks Bitcoin and Ether are acting as “risk-off” assets and as a “flight to safety” for investors amid macroeconomic uncertainty. Recent turmoil in the banking sector has shown that Bitcoin and Ether can withstand a shaky economy, outperform other asset classes and function like gold, says ARK Invest CEO Cathie Wood — butone long-time…

The report included 35 pages seemingly aimed at debunking the merits of crypto assets. Crypto executives have expressed irritation over the latest White House economic report — which notably features an entire chapter dedicated to casting doubts on the merit of digital assets. The Economic Report of the President, released March 20, marks the first time the…