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0 CommentsSeveral 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…
244 ViewsBTC price should see a serious shake-up in the coming days, but Bitcoin market participants are increasingly worried it will be to the downside. Bitcoin threatened fresh downside over the weekend as markets geared up for the July 23 candle close. $19,000–$23,000 “still on the cards” for Bitcoin Data from Cointelegraph Markets Pro and TradingView showed BTC acting below $30,000,…
295 ViewsEthereum Foundation’s previous big sale of ETH preceded a bear market, but there’s little evidence that such sales affect the general market trend. On May 6, Ethereum Foundation transferred nearly $30 million in Ether to the Kraken cryptocurrency exchange, causing jitters in the market about a potential selloff event. ETH price fell 4.8% to $1,900 on the…
296 ViewsThe chief investment officer of J.P. Morgan Asset Management said it would be “naive to say that this is just limited to First Republic.” An executive at J.P. Morgan Asset Management is unsure how United States regional banks are “going to operate” when the Federal Deposit Insurance Corporation (FDIC) and Federal Home Loan Banks (FHLB)…
255 ViewsBitcoin’s price might have held near $28,000 but the absence of shorts using margin and futures markers is a bullish indicator. Despite regulatory pressure and worsening macroeconomic conditions, Bitcoin demonstrated bullishness holding near $28,000 for the past week. Furthermore, professional traders have maintained leveraged long positions on margin and in futures markets, indicating strength. On…
289 ViewsHeads of all major U.S. financial regulatory agencies gathered by video to hear a presentation by New York Fed staff that concluded that the banking system “remains sound.” The United States’ most powerful financial regulators gathered on March 24 by video conference for an unscheduled, closed meeting of the Treasury Department’s Financial Stability Oversight Council…
