Altcoins INJ, MUBI, and PRIME are outperforming the market as the biggest crypto gainers on Uniswap. Image by Yury, Adobe Stock. As the cryptocurrency market tries to recover from the recent pullback, several coins are making big moves today. Bitcoin has faced downward pressure, stabilizing around $41,000 after the recent decline. Some altcoins like INJ,…
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Bitcoin and other major cryptocurrencies are seeing little price movement today, extending the phase of low volatility that the cryptocurrency market has been seeing over the past few days. The price of Bitcoin has been hovering around $25,600 for the majority of today, slightly below the $26,000 level at which it has been trading throughout…
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There’s been a noticeable divergence between Bitcoin and the stock market in recent months, which could presage an economic recession, according to Bloomberg strategist Mike McGlone. He pointed out that after months of outperforming the Nasdaq 100 index, Bitcoin dropped 15% in the third quarter, while the Nasdaq went up by 2%. In light of…
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Bitcoin has managed to remount its 200-day exponential moving average after a period of decline since reaching its year-to-date peak in July. According to some analysts, holding this support level will indicate the cryptocurrency may have bottomed out from its drop over the summer. While Bitcoin battles to sustain its long-term dynamic support, what are…
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Bitcoin’s price rose to nearly $28,143 on Tuesday following a positive legal ruling for digital asset manager Grayscale. However, analysts remain cautious about the sustainability of the rally amid low spot market volumes…. Read More: Biggest Crypto Gainers Today on DEXTools – BEPE, EMERSO, XPEPE Read more »Sign up for e-EUR – the progressive stablecoin
A U.S. appeals court overturned a previous SEC decision on Tuesday, ruling in favor of asset management firm Grayscale Investments in its effort to launch a spot bitcoin exchange-traded fund (ETF). The unanimous verdict by the U.S. Court of Appeals for the District of Columbia could pave the way for regulatory approval of the first…
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The United States Bureau of Labor Statistics recently disclosed favorable data on the nation’s employment landscape today, setting stocks and the crypto markets up for a minor rally throughout the day. The April figures revealed an addition of 185,000 jobs, accompanied by a 3.4% rise in unemployment. In light of this developing macroeconomic backdrop, what…
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