Inflation and war impact markets, but Paul Tudor Jones says, ‘I love Bitcoin and gold’ The global economy is facing a number of challenges, including high inflation and the ongoing war in Ukraine. These factors are having a significant impact on markets, with stocks, bonds, and other assets all experiencing volatility. However, some investors are…
Was Chainlink’s (LINK) 35% rally just a buy rumor, sell the news event? Chainlink (LINK) rallied over 35% in September 2023, outperforming most other cryptocurrencies. However, the rally has stalled in recent weeks, and the price has fallen back to around $8.00. Some analysts believe that the Chainlink rally was simply a “buy the rumor,…
Why is the crypto market down today? The cryptocurrency market is down today, October 12, 2023, for a number of reasons. These include: The US Federal Reserve’s aggressive interest rate hikes. The Fed has raised interest rates by 300 basis points this year in an effort to combat inflation. This has led to a sell-off…
Price analysis 10/11: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, DOT, MATIC The cryptocurrency market has been relatively subdued in recent weeks, with most major coins trading in a narrow range. However, there have been a few notable exceptions, with some altcoins showing signs of strength. In this article, we will take a look…
Bitcoin hits 2-week low on US inflation data — When will BTC price bounce? Bitcoin (BTC) hit a two-week low on October 11, 2023, after the release of US inflation data. The data showed that inflation rose to 8.2% in September, the highest level since 1981. The rise in inflation is a negative sign for…
Bitcoin ‘death cross’ sees BTC price dip $1K, erasing ‘Uptober’ gains Bitcoin (BTC) has seen a significant price drop in recent days, falling below $27,000 on October 11, 2023. This comes after the cryptocurrency formed a “death cross” on its daily chart, a technical indicator that many traders believe signals a bearish trend reversal. What…
Bitcoin dominance hits 3-month high as ‘hammered’ altcoins risk dive Bitcoin’s dominance of the cryptocurrency market has reached a three-month high, as investors flee riskier altcoins. Bitcoin’s market cap dominance, which is calculated by dividing its market cap by the total market cap of all cryptocurrencies, hit 51.35% on Oct. 9, 2023. This is the…
Bitcoin analysts look to November as price action looks to mirror past cycles Bitcoin (BTC) analysts are looking to November as a key month for the cryptocurrency, as price action looks to mirror past cycles. Historically, Bitcoin has seen strong performance in November. In 2013, Bitcoin’s price increased by over 500% in November. In 2017,…
BTC price rally in doubt? Bitcoin young supply echoes 2022 bear market Bitcoin (BTC) has been on a tear in recent months, rallying by over 100% since the beginning of 2023. However, some analysts are now warning that the rally may be in doubt, as on-chain data shows that the supply of young Bitcoin is…
Why is XRP price down today? XRP is a cryptocurrency that is designed to be used as a global payment system. It is the native cryptocurrency of the Ripple network, which is a distributed ledger technology (DLT) platform that is used to settle cross-border payments. XRP has been one of the most volatile cryptocurrencies in…