Robinhood saw transaction revenue fall in the fourth quarter from the previous period, including a 24% decline in cryptocurrencies, while a slew of other numbers also took a turn lower. The firm also ...
Tag: Macro
Bitcoin steady around $23,000 as ether moves higher; equites in the red
Bitcoin was hovering around $23,000 as ether gained. The Sandbox token jumped on news of metaverse partnership talks with Saudi Arabia. Equities slipped. The leading cryptocurrency by market cap...
Crypto markets tread water ahead of Fed speech
Cryptocurrency prices were little change alongside other risk assets ahead of Federal Reserve Chair Jerome Powell’s speech this afternoon at the Economic Club of Washington. Bitcoin was tr...
Robinhood expected to report record revenue despite sour markets: Preview
Robinhood will report its fourth quarter results on Wednesday, with the company expected to hit its highest quarterly revenue figure to date. The online brokerage, which gained popularity duri...
Bitcoin, ether slip with crypto stocks all lower; Silvergate drops 8%
Cryptocurrency prices slid at the beginning of the week, with equities also opening down. Bitcoin was trading at $22,776 at 10:20 a.m. EST, down 1.5% over the past day, according to TradingView...
Is the crypto bottom in? On-chain says yes, macro says pain occurs after the fed pause
Introduction The collapse of Terra (LUNA) in June 2022 was the spark that ignited a fire that kept devouring the crypto market. The chain reaction of prominent industry players bankrupting continued t...
Ray Dalio still doesn’t like Bitcoin but thinks inflation-beating coin could work
Ray Dalio, the billionaire hedge fund investor and founder of Bridgewater Associates, has long been critical of excess money printing and written detailed explainers on the value of money. He still do...
How Strong Is Macro Support For Crypto Rally
Bitcoin Dollar Correlation: The crypto market continued the bullish momentum that began with the Fed raising interest rate by 25 bps. In a clear sign of support for the decision that came on expected ...
Crypto market continues to rise, while Silvergate shares seesaw after probe report
Bitcoin settled around $23,570 at 5:20 p.m. EST after climbing as high as $24,100 earlier in the day, according to TradingView data. It’s up about 0.4% over the past day following the Federal Re...
Crypto market jumps following Fed rate decision
Crypto prices soared after the market opened on Thursday, as traders responded to the Federal Reserve’s interest rate decision yesterday with a bullish sentiment. Bitcoin rose 3.5% to $23,730 ar...
Bitcoin exhibits ‘macro bullish setup’ on monthly chart; Here’s what it means
Despite the fact that the rally recorded by the cryptocurrency market and Bitcoin (BTC) since the year’s turn is slowing down, the flagship decentralized finance (DeFi) asset is demonstrating a bullis...
Federal Reserve raises interest rates by 25 basis points, as expected
The U.S. Federal Reserve raised the target range for the federal funds rate by 25 basis points to 4.5-4.75 percent, bringing the interest rate to a 15-year high. Wednesday’s interest rate decisi...
Market trades flat ahead of Fed’s interest rate decision
Crypto prices remained mostly flat after the market opened on Wednesday, as traders await the Federal Reserve’s interest rate decision and comments from the subsequent press conference this afternoon....
Rally Shuts Down NFT Sidechain, Citing ‘Macro Headwinds’
The Rally social platform has shut down its Ethereum NFT sidechain. The team cited the tough market conditions as the reason for the decision. The Rally platform is drawing flak for its decision to te...
CME’s crypto derivatives reach new highs as traders seek safe port in storm
Derivatives trading giant CME Group has clocked a record high in volume and open interest for bitcoin options as traders flock to the venue in the wake of the FTX meltdown. Bitcoin options volum...
Crypto prices flat, while Dogecoin rallies
Crypto prices remained mostly flat after the market opened on Tuesday, with Dogecoin rising significantly by 8.1%, outperforming the top 10 coins. Bitcoin fell 0.3% to $23,117 around 9:50 a.m. E...
Macro Guru Raoul Pal Unveils 2023 Bitcoin and Ethereum Forecast, Says Positive Year Ahead
Real Vision CEO Raoul Pal says he believes that 2023 is going to be a positive year for risk assets and cryptocurrencies. In a new interview on the Overpriced JPEGs YouTube channel, the macro guru say...
Macro Guru Lyn Alden Predicts Bitcoin Rally Likely To Continue in Coming Months – But There’s a Big Catch
Macro expert Lyn Alden says that macroeconomic conditions hint at further Bitcoin (BTC) rallies over the next several months, but with a caveat. In a new interview with Natalie Brunell, Alden says tha...
Bitcoin clings to $23,000 as crypto stocks rally
After a rally above $23,800, bitcoin bounced back from a temporary drop below $22,600 earlier in the week, to level out just over $23,000 today for a small 1.6% weekly gain. Ethereum dropped nearly 5....
Ether below $1,600, Silvergate down on dividend deferral, Coinbase pops 10%
Crypto prices remain relatively steady, with most of the major coins flat or marginally higher. Silvergate sank after suspending a preferred dividend. Bitcoin was trading at $23,000 by 11:50 a....
Bitcoin steady as altcoins pop, aptos hits all-time high around $20
Bitcoin was treading water at around $23,000, while ether and altcoins traded higher. Equities were mixed, with Silvergate down and Coinbase higher. Bitcoin was trading at $23,037 by 10:40 a.m. ...
This Is How The Bitcoin Price Will Be Affected By Macro
In a new interview, Charles Edwards of Capriole Investments shared his Bitcoin theses for 2023. Looking back at the past few months, the renowned expert said those have put the market in a position wh...
US economic growth tops estimates, grew by 2.9% during the fourth quarter
The U.S. economy grew by 2.9% during the fourth quarter, narrowly topping estimates of 2.8%. Growth in the final three months of last year was primarily driven by consumer and federal government...
Bitcoin’s back in the green, Aptos reaches all-time high as major markets end little changed
Bitcoin jumped above $23,200 as Aptos’s APT soared 46% while traditional markets were muted. The largest cryptocurrency was up about 1.6% over the past day at 4:35 p.m. EST after trading l...
Bitcoin trading around $22,400 as crypto prices pullback with equities in the red
Cryptocurrency prices began to pullback overnight, with ether leading the drop. Equities were in the red during the early session, with Block and Silvergate declining. Bitcoin was trading at $2...
Investor Jeremy Grantham dismisses bitcoin’s latest rally as crypto prices tread water
Cryptocurrency prices meandered in early trading, with bitcoin unable to break past $23,000 on a consistent basis. Crypto stocks were marginally lower. Bitcoin gained 0.1% in the past day to $2...
Bitcoin, mining stocks rise while Silvergate shares soar
Crypto prices were in the green as the market continued to rally on Monday. Equities related to blockchain and cryptocurrencies were also higher. Bitcoin traded up about 0.5% during the day, fli...
Silvergate shoots up 11%, Coinbase dips and MicroStrategy trades flat
Silvergate shares soared after the open, and Coinbase traded down as the Nasdaq 100 was higher. Shares in the crypto-friendly bank were up 11% to $15.25 by 11:30 a.m. EST, according to Nasdaq d...
Bitcoin resistance at $25,000 will be key gauge of rally’s momentum, B2C2 says
Bitcoin was little changed Monday after reaching its highest point above $23,000 since August over the weekend. While the recent rally has outpaced traditional equities, some are wondering how long th...
On-Chain Metrics Flashing Crypto Market Bottom Signals, but the Macro Environment Is Still Wobbly: IntoTheBlock
Market intelligence platform IntoTheBlock says that even though on-chain data is hinting at a bear market bottom for crypto assets, the overall macro environment is still shaky. In a new article, the ...
Bitcoin, ether retrench after rising with traditional markets on Fed Chair comments
Cryptocurrencies rose alongside traditional markets in response to comments delivered by Federal Reserve Chair Jerome Powell at The Economic Club in Washington before turning lower. Bitcoin rose...