Bitcoin’s price followed global assets in a fall similar to the market’s crash on August 5. More market detours are on the horizon as the Fed anticipates a rate cut this month, analysts say. Over the past 24 hours, bitcoin has been weighed down by a broad swath of technology stocks and other assets, briefly … Read more
Ethereum price fell 22% in August. Lack of institutional demand at current prices is a problem, says Lecker Capital’s Quinn Thompson. Lackluster ETF demand and growing tech criticism hit Ethereum in August, leading to the asset’s biggest monthly drop in more than two years. “A new buyer may not see the value at current prices,” … Read more
Fears of a violent halt to the global yen-focused trading strategy led to market panic on August 5. Markets have calmed down since then, but the threat hasn’t disappeared. Estimating the size of a yen carry trade is not an easy task. The trade that sparked the global financial panic on August 5 is alive … Read more
Cresco is sunsetting its protocol. The founder of the protocol was “facing health challenges.” Some team members have forked the protocol. Cresco, a DeFi protocol for synthetic stocks, commodities and crypto trading, is shutting down the platform Announced On Thursday. Protocol, which has raised $4.15 million from investors between 2021 and 2023, cited founder Deepak … Read more
With some idiosyncratic crypto catalysts coming forward, macro events can have a big impact on prices in the short term. The macro situation in the US and the Middle East appears to be improving. Crypto traders will be keeping a close eye on Wednesday's timing. Inflation printing. Crypto investors should not shy away from buying … Read more
Japan's stock market rallied more than 10% on Tuesday. Bitcoin and crypto may have set a new floor after heavy losses in the last four days. All eyes turned to the US stock market open. Is the garbage out? On Tuesday, investors saw a 10.2% rebound in Japan's bellwether Nikkei stock index, hoping that the … Read more
The Bank of Japan cut another rate hike this year. After a major recession that began late last week, the decision has returned to the rest of the world. On Monday, Japan’s stock market posted its worst performance since 1987. Good news for cryptocurrencies from Tokyo. Responding to recent market volatility, the Bank of Japan … Read more
The volume of trading suggests that investors are warming to six Hong Kong crypto ETFs. The market is still small compared to the US.In July there were no flights. It may be small, but the Hong Kong cryptocurrency exchange is setting a record day for trading volume. As global markets rumbled on Monday, six Hong Kong digital asset ETFs traded $30.8 million in six Hong Kong digital currency ETFs. Their biggest day since launching the fund on April 30. Bitcoin ETFs registered just over $26.1 million, while three Ethereum coins traded $4.7 million. Despite the gains, trading volume fell on Tuesday, highlighting the challenges ahead for Hong Kong ETFs to sustain. … Read more