The leading trio of U.S. stock indices — Dow Jones Industrial Average, Nasdaq Composite, and the S&P 500 — experienced a downturn on Wednesday afternoon. This decline coincided with a rise in 10-year Treasury yields, which jumped 0.98% to 4.102%. Concurrently, gold’s value decreased by a percentage point and bitcoin also witnessed a decline, dropping…
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A surge in CME BTC volumes and open interest highlight institutional investors’ growing interest in Bitcoin. Will it be enough to keep the price in the current range? Bitcoin (BTC) price currently battles to hold the $34,000 level after a stellar rally and short squeeze saw its price push above $35,000 on Oct. 23. In…
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While the halving event is considered one of the main catalysts for Bitcoin bull markets, it may play out differently next year. The impact of the Bitcoin halving on crypto prices is often overestimated and the next halving, set for April 2024, may play out differently than previous ones, according to a leading analyst. The…
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This week, The Market Report discusses Bitcoin’s recent price action and the upcoming FOMC meeting, where some speculate interest rates might be paused. On this week’s episode of The Market Report, analyst Marcel Pechman discusses Bitcoin’s (BTC) strength ahead of the United States Federal Reserve’s Federal Open Market Committee (FOMC) meeting, with investors betting on an…
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The latest episode of The Market Report analyses the recent Bitcoin price correction to $26,000 and what it reveals about the current market structure. In the latest episode of Cointelegraph’s The Market Report, analyst Marcel Pechman delves into Bitcoin’s recent drop to $26,000. Derivatives market analysis shows Bitcoin (BTC) options and futures metrics lack signs…
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The months of August and September haven’t been the best for Bitcoin price historically, and with volatility at historic lows, traders may want to wait it out. Traders have been sitting on their hands lately with the Bitcoin (BTC) price being stuck between $29,000 and $30,000. This rangebound price action can’t continue forever, though. Bitcoin…
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This week’s episode of The Market Report explores allegations that SBF was behind the recent BALD token rug pull and dissects why Bitcoin is falling below $29,000. In the latest episode of “The Market Report,” analyst and writer Marcel Pechman discusses the BALD token rug pull and the allegations pointing toward FTX founder Sam “SBF’…
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On this week’s episode of “The Market Report,” Cointelegraph’s resident expert discusses the launch of the Worldcoin token by OpenAI creator Sam Altman and why it’s controversial. In the latest episode of The Market Report, analyst and writer Marcel Pechman discusses the Worldcoin token launch, why it is controversial, and the differences between it and…
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On Sunday, June 25, the cryptocurrency market experienced a modest increase in value, climbing from $1.21 trillion two days prior to its current value of $1.24 trillion. Bitcoin has surged 15% in the past week, while ethereum has risen over 10% against the U.S. dollar. Furthermore, numerous other crypto assets have made notable gains, with…
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While the crypto economy has reached a value of $1.2 trillion, meme coin markets have experienced substantial gains this week, with the top five meme tokens recording both 24-hour and seven-day gains. According to recent data, pepe is leading the pack with a 34% increase in the last 24 hours and a 66% increase over…
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