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New York Community Bancorp Grapples With 40% Share Drop Following Disappointing Earnings Report
31.1.2024
New York Community Bancorp (NYCB) faced significant challenges on Wednesday, with its shares plummeting by over 40%, prompting a halt in trading. Currently, NYCB shares have experienced a decline of just above 36%, trading at $6.61 per share. Last Year’s Banking Fears Resurface as NYCB Faces...
Markets Overly Confident Regarding Fed Rate Cuts, Risk Assets Could Decline: JPMorgan
31.1.2024
The U.S. Federal Reserve’s potential policy easing through interest rate cuts this year may not unfold as quickly and decisively as financial markets currently anticipate, according to JPMorgan Asset Management’s note published earlier this month. The asset manager remarked that essential...
CME Group Bitcoin Futures’ Open Interest Slides 24% as Spot ETFs Gain Traction
31.1.2024
The launch of Bitcoin (BTC) spot exchange-traded funds (ETFs) in the United States has impacted investor demand for Bitcoin futures, leading to a decline in open interest. Data compiled by Bloomberg reveals that open interest in CME Group Bitcoin futures contracts dropped by approximately...
Bitcoin Price Prediction: Dips to $43,000 as CBOE Pulls ETF Amid Economic Shift
31.1.2024
In the dynamic world of cryptocurrencies, Bitcoin’s price approaches the $43,000 threshold, marking a decline of over 1.25% on Wednesday. This adjustment in price occurs against the backdrop of significant market and regulatory news. The CBOE Exchange has retracted its application for...
Peckshield Report Reveals Decline in Crypto Losses Despite Persistent Threats in 2023
31.1.2024
Peckshield’s latest report reveals a mix of challenges and advancements in the crypto world. Despite a notable decrease in overall losses to hacks and scams, decentralized finance protocols remain heavily targeted, accounting for a significant portion of the cyber thefts. Peckshield Report...
Cardano Price Prediction as ADA Becomes 9th Biggest Crypto in the World – Adoption Rising?
31.1.2024
Cardano price prediction remains bearish as ADA is securing its position as the 9th largest cryptocurrency by market capitalization. As we embark on this analysis dated January 30, Cardano’s current market standing and price dynamics come into focus. Trading at approximately $0.523345,...
Best Crypto to Buy Today January 30 – Bittensor, Sui, Sei
30.1.2024
With cryptocurrencies in a bullish mood on Tuesday, investors are on the hunt for the best crypto to buy today. Bitcoin (BTC) continues to hold at two-week highs the mid-$43,000s, comfortably above its 21 and 50DMAs. Concerns about Grayscale sell pressure has faded this week as outflows from GBTC...
Digital Asset Funds Record $500 Million Outflows Amid Market Market Decline
29.1.2024
Digital asset investment products have recorded a massive $500 million in outflows in the last seven days following a week of sell-offs as the wider market struggled. A recent CoinShares Digital Asset Weekly Funds Flow Report shows huge outflows across Bitcoin (BTC) and multiple altcoins with...
Spectacular Swings — The Week’s Victorious Crypto Climbers and Fallen Token Challengers
29.1.2024
Bitcoin has seen a 2.9% rise against the U.S. dollar in the past week, while ethereum has experienced a 5.8% decline during the same period. Several cryptocurrencies have made notable gains over the past seven days. Leading the pack is manta network (MANTA), which surged by an impressive 47.2%...
Coinbase Grapples with Regulatory Challenges, Analysts Forecast Volatility Ahead
29.1.2024
Bitcoin’s recent decline of more than 10% following the approval of spot Bitcoin ETFs by the US Securities and Exchange Commission (SEC) has not only impacted the crypto market but also raised concerns for companies like Coinbase, according to an analyst. Coinbase stock pricing has shown...
Is ORDI Going to Crash? ORDI Price Drops 20% in a Week as New Bitcoin Protocol Goes Viral
29.1.2024
The ORDI token, a top BRC-20 ordinal, has faced a notable price drop of 20% following the Grayscale sell-off. However, it remains to be seen if this crash still has more room to go. Indeed, the ORDI token, a major BRC-20 Bitcoin beta play, has suffered a decline amidst a price correction across...
2024 Sees Steepest Weekly Plunge in NFT Sales, 5 Major Blockchains Register Double-Digit Losses
28.1.2024
In the span between Jan. 20 to Jan. 27, 2024, there was a notable decline in the sales volume stemming from non-fungible tokens (NFTs), plunging 21.25% from the week before. The leading blockchains in seven-day sales, Ethereum and Bitcoin, experienced substantial decreases, ranging from 28.78%...
Morgan Stanley on Decline of US Dollar, JPMorgan Warns of a BTC Selloff, BTC Mining Improved, and More — Week in Review
28.1.2024
Morgan Stanley has raised concerns about the potential decline of the U.S. dollar’s dominance due to the increasing interest in digital currencies. Meanwhile, JPMorgan has warned of a potential bitcoin selloff, anticipating a $3 billion outflow from Grayscale’s Bitcoin fund....
Bitcoin’s Hashrate Rebounds From January Dip as Miners Eye Upcoming Difficulty Adjustment
27.1.2024
Bitcoin’s cumulative hashrate witnessed notable swings starting in late December, with a pronounced decline occurring in mid-January. This decrease was primarily attributed to the severe cold in Texas, leading many miners to pause their operations temporarily. By Jan. 21, 2024,...
Bitcoin and Ethereum Price Prediction as BTC Traders Target $30,000 Level and ETH Bounces From Support
24.1.2024
In the ever-dynamic world of cryptocurrency, Bitcoin (BTC) and Ethereum (ETH) continue to navigate through turbulent waters. As of recent developments, Bitcoin, the pioneer and most valued cryptocurrency, experienced a significant downturn, breaching the $40,000 mark and stirring market...
Is ORDI Token Crashing? ORDI Price Drops 30% as New Bitcoin Protocol Raises $9.1 Million
24.1.2024
Leading BRC-20 ordinal, the ORDI token, experienced a significant -30% price drop due to the Grayscale sell-off. But, can ORDI price analysis determine if ORDI is truly crashing? The ORDI token, a major BRC-20 Bitcoin beta play, has suffered a decline amidst a sell-off of GBTC shares fueled by...
Indonesia Sees Sharp Decline in Crypto Tax Revenue, Falling 63% in 2023
24.1.2024
The Indonesian government has reported a significant decline in crypto tax revenue for 2023, amounting to $31.7 million (Indonesian Rupiah 467.27 billion), according to a report by local news outlet Kontant. The fall marks a sharp 63% drop compared to the partial collection period in 2022 when...
Bitcoin Price Prediction: Drops to $39,650 Amid Unconstitutional Canadian Law & GBTC Withdrawals
24.1.2024
In the In the realm of cryptocurrency, the latest Bitcoin price prediction becomes increasingly complex as the asset dips to $39,650, influenced by a blend of regulatory news and investment product dynamics. On Wednesday, Bitcoin registered a notable decline, trading at $39,653, marking a 1.03...
Bitcoin and Ethereum Price Prediction as BTC Dips Below $40,000 and ETH Struggles to Hold $2,200
23.1.2024
Bitcoin, the foremost digital currency, witnessed a notable dip below the critical $40,000 mark, briefly falling to around $39,500. This decline has been linked to substantial Bitcoin sales, notably influenced by the Grayscale GBTC Bitcoin ETF, fueling concerns about a possible further descent...
Solana Price Prediction as SOL Falls 8.9% in 24 Hours – Bigger Sell-Off Coming?
23.1.2024
Solana (SOL) price predictions remain bearish in wake of the cryptocurrency’s last 7% 24-hour decline. The Solana price was last around $82, having fended off a test of $78 earlier in the day. Traders are concerned that a bigger sell-off may be incoming, with the Solana price under its 21...