The macroeconomic landscape in 2023 is changing, and it will impact the crypto markets, here is why. The coronavirus pandemic has left a swath of turbulent macroeconomic conditions across the global f...
Tag: Macro
Bitcoin, ether in the red as altcoins experience sharp sell-off, crypto stocks open lower
Crypto prices were in the red, snapping a recent rally. Coinbase and MicroStrategy opened lower. Bitcoin dropped 3% in the past 24 hours to trade below $20,800 by 9:30 a.m. EST, although it was...
Binance, ether, bitcoin all lower as US economy slows
BNB, ether and bitcoin slid with traditional markets after U.S. economic data showed signs of an economy starting to take a breather. Retail sales fell more than expected, tripping up what had b...
Bitcoin, crypto prices bounce back following DOJ announcement
Bitcoin, ether and other crypto prices recovered as the U.S. Department of Justice announced an enforcement action against a little-known exchange called Bitzlato. Bitcoin was trading around $21...
Macro Guru Raoul Pal Says Risk Assets Very Bullish This Year With Crypto Markets Popping Out of the Water
Real Vision CEO Raoul Pal says a changing macroeconomic backdrop makes him very bullish on risk assets like crypto. In a new Real Vision Finance video, the former Goldman Sachs executive says that a d...
Shiba inu jumps 15% as ether trades around $1,600 following PPI release
Ether traded above $1,600 for the first time since early November as crypto prices were elevated by lower-than-expected PPI data. Ether was trading at $1,598 by 9:20 a.m. EST, up 1.2% in the pa...
Bitcoin stays above $21,000; Silvergate, Coinbase pare earlier gains
Silvergate and Coinbase popped at the open after the crypto-friendly bank reported earnings as traditional markets were mixed. Bitcoin was trading at $21,300 at 10 a.m. EST, up 2.3% over the pas...
Silvergate shares jump in pre-market trading despite loss as bank well-capitalized
Silvergate Capital shares rallied despite the firm’s $1 billion fourth-quarter loss as business is intact, KBW analysts said. Shares in the La Jolla-based bank were trading around $15.60 b...
Bloomberg Analyst Says Bitcoin Bottoming Out Like 2018 Amid ‘Unprecedented’ Macro Climate
Bloomberg Intelligence senior macro strategist Mike McGlone says Bitcoin (BTC) is forming a bottom similar to 2018 under but very different macroeconomic conditions. In a new interview with Scott Melk...
Shiba Inu rises after announcing Layer 2 launch as bone token pops; US markets closed
Shiba Inu and bone led gains after the announcement of a Layer 2 network for the ecosystem. U.S. markets are closed to observe Martin Luther King Jr. Day. Bitcoin was trading at $20,770 at 9 a....
London And Paris Edge Closer As Threats Loom
LONDON, UNITED KINGDON – NOVEMBER 10: Just the ticket – iconic London and Paris landmarks made from … [+] recycled train tickets have been created as Eurostar launches fares from £29...
Bitcoin continues flirt with $19,000 as crypto prices stay the course
Bitcoin and ether held onto two-month highs overnight as the global crypto market cap reached its highest point since the collapse of FTX. Bitcoin was trading at $18,877 at 8:30 a.m. EST, up 3....
Cathie Wood sees ‘wall of worry’ ignoring blockchain tech, digital wallets and ChatGPT
Ark Invest founder and CEO Cathie Wood said equity markets plagued by a “wall of worry” have “largely ignored” game-changing innovation last year that included blockchain techn...
Bitcoin blows past $19,000 for the first time since FTX collapse
Bitcoin surpassed $19,000 for the first time since Nov. 8, when FTX had a tentative deal to sell to Binance. The biggest cryptocurrency rose more than 8% over the past day. Traditional markets a...
Bitcoin approaches $19,000, rises 8% following inflation data
Cryptocurrency prices are surging following the U.S. inflation report and crypto-related stocks were mostly higher. Bitcoin was trading at $18,677 at 1:30 p.m. EST, up 8% over the past 24 hours...
Bitcoin above $18,000 as US inflation slows in December
Inflation in the U.S. increased by 6.5% year-on-year in December and decreased by 0.1% month-on-month. Cryptocurrencies and traditional stock markets were buoyed as CPI data met estimates. Bitc...
Bitcoin inches higher, GBTC discount narrows as share price perks up
Crypto prices remain in the green while related stocks were mixed in pre-market trading. GBTC’s continuing its positive start to the year. Bitcoin was trading at $17,400 at 8:45 a.m. EST, ...
Taiwan Semiconductor’s December Revenue Slumps Sequentially As China’s COVID Chaos & Macro Headwinds Weigh
Taiwan Semiconductor Manufacturing Company Ltd’s (NYSE: TSM) December revenue of NT$192.56 billion declined 13.5% month-over-month. The revenue grew by 23.9% Y/Y. Revenue for January through Dec...
Bitcoin futures activity fell off cliff in December
Bitcoin futures trading plummeted as 2022 came to a close. Bitcoin futures volumes were just $386.6 billion in December, according to The Block’s data. Volumes were down 39% month-on-mont...
Bitcoin, crypto prices inch higher as Silvergate woes worsen
Crypto prices rose over the past week as equities fell on a plethora of negative news. Bitcoin was changing hands for $16,910 at 7:30 a.m. EST, according to data via TradingView. The leading cry...
Bitcoin yo-yos on US macro data amid call for BTC price to retest $17K
Bitcoin (BTC) flashed volatility at the Jan. 6 Wall Street open after fresh United States economic data disappointed risk-asset bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analy...
Bitcoin, ether steady, as crypto stocks continue downtrend with Silvergate shedding 10%
Bitcoin and ether traded steady on Friday, while altcoins dipped and memecoins surrendered gains. Losses for crypto-related stocks continued as Silvergate plunged 10%. Bitcoin was trading arou...
Bitcoin and ether down; Silvergate plunges 40%
Crypto prices steadied while stocks tied to digital assets sank on ratings news and financial results. Bitcoin was trading at roughly $16,800 by 1 p.m. ET, down 0.3%, according to TradingView d...
Coinbase shares drop 10% as Cowen downgrades stock and slashes price target
Coinbase shares fell shortly after the open as Cowen analysts downgraded the stock and cut their price target, citing dwindling retail volumes, lower revenue expectations and a harsh regulatory enviro...
Coinbase shares jump over 12% following settlement with New York regulator
Coinbase shares soared following the exchange’s $100 million settlement with a New York state financial regulator. Coinbase shares rose 12.3% to $37.65 at 12:30 p.m. EST, according to Nasd...
Crypto asset funds saw inflows plummet 95% last year to just $433 million
Crypto asset funds clocked the worst year since 2018, with inflows plummeting 95%. Funds tracked by CoinShares netted a total of just $433 million in 2022 compared to a massive $9.1 billion in t...
Ether, altcoins higher as solana soars 14%, Coinbase gains pre-market after Tuesday’s drop
Crypto prices rose, with solana experiencing the most significant gains. Coinbase rose in pre-market trading after slumping 5% yesterday. Bitcoin was trading at $16,803 at 8 a.m. EST, up 0.6% f...
Here Are Key Macro Event Dates to Watch Out for in 2023
Bitcoin and digital asset markets typical respond strongly to announcements of rate hikes by the Federal Reserve, making Federal Reserve (Fed) meetings closely followed events. Market watchers note th...
Macro Expert Lyn Alden Makes 2023 Bitcoin (BTC) Forecast, Says Privacy Should Be Key Area of Development
Macro strategist Lyn Alden says she expects Bitcoin (BTC) to be worth more at the end of this year than it is now. In a new interview with the What Bitcoin Did Podcast, Alden predicts where she thinks...