Altcoins led a rally across crypto asset prices, with some adding double-digit gains. Binance’s BNB rose 13%, and Litecoin’s LTC was up over 15%. Bitcoin rose 3.2% over the past 24...
Tag: Macro
The Block: Bitcoin Mining Stock Report: Tuesday, November 22
More than half of the bitcoin mining stocks tracked by The Block increased, while others declined by double digits. TeraWulf’s stock declined by 16% and Core Scientific’s stock fell...
Coinbase, Silvergate rise in pre-market trading, GBTC lifts off fresh lows
Most major cryptocurrencies were lower on Tuesday morning, but some altcoins bucked the downward trend. Bitcoin was down 0.9% over the past 24 hours, trading at $16,003. Meanwhile, ether droppe...
Exchanges rushed to show proof of reserves. It’s not enough.
Centralized exchanges still standing after the fall of FTX rushed to show proof of reserves. It’s a nice show, but it’s not enough, experts say. Proof of reserves — or showing exactl...
Coinbase, Silvergate and crypto stocks tick lower, Grayscale trusts hit new lows
Crypto prices traded up marginally on Friday, while shares in Coinbase and Silvergate continued to trade lower. Bitcoin was up 0.1% over the past 24 hours, trading at $16,693. Meanwhile, ether ...
Macro Guru Raoul Pal Examines Current Bear Market, Predicts When Bitcoin (BTC) Will Explode Exponentially
Former Goldman Sachs executive Raoul Pal says that a Bitcoin (BTC) bull run will occur when the macroeconomic conditions improve enough to produce a wave of liquidity. The macro guru tells his 990,400...
The Block: Nouriel Roubini outlines the 10 forces that can cripple the economy: part 2
Episode 114 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro and Roubini Macro Associates Chairman and CEO, Nouriel Roubini. Listen below, and subscribe to The Sc...
Crypto stocks sink lower as cryptocurrencies tread water
Crypto prices were treading water on Thursday while stocks led equity market losses. Bitcoin gained 0.2% to $16,501 over the past day, while ether shed 0.3% to trade at $1197, according to data via C...
Gemini, OKX, Crypto.com experienced ‘severe’ outflows as stablecoins see exodus: JPMorgan
Gemini, OKX and Crypto.com experienced “severe” outflows over the past week while a declining stablecoin market shows an investor exodus, according to analysts at JPMorgan Chase. Exc...
Macro Guru Raoul Pal Says One of Ethereum’s Top Rivals Reminds Him of When ETH Was Down 97% in 2018
Former Goldman Sachs executive Raoul Pal says one of Ethereum’s (ETH) top rivals offers a big opportunity to investors after a price fall. In a new strategy session video, the macro guru tells his 52,...
Crypto firms rush to allay Genesis contagion fears as stocks crater
Crypto-related stocks plunged as Genesis became the latest victim of the FTX fallout. Bitcoin was trading at $16,593, up 0.7% from $16,479 earlier in the day. Ether gained a modest 0.5% to trad...
Bitcoin, ether decline, stocks sink and Ark is warm on GBTC
Crypto markets slid on Wednesday as altcoins surrendered gains made at the top of the week. Bitcoin was down 2.6% at $16,479 over the past day, while ether lost 4.5% to trade at $1,207, accordi...
The Block: Nouriel Roubini outlines the 10 forces that can cripple the economy: Part 1
Episode 113 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro and Roubini Macro Associates Chairman and CEO, Nouriel Roubini. Listen below, and subscribe to The Sc...
Silvergate stock sinks 12% on FTX links
Crypto bank Silvergate shares tanked 12% as the ripple effects of FTX’s collapse continue. Last week, the La Jolla-based crypto bank said its exposure to FTX was limited to deposits, but ...
Stablecoins are … stable again
The stablecoin market has stabilized since the collapse of TerraUSD as confidence is returning to larger coins, Fitch Ratings said. Tether and Circle, the issuers of USDT and USDC stablecoins, ...
Uniswap token gains as trading volumes jump; bitcoin, ether slip
Mainstream cryptocurrencies traded marginally lower on Tuesday morning on the U.S. East Coast, while some altcoins bucked the trend. Bitcoin was down 1.7% at $16,883 over the past day, while et...
Ark Invest picks up $2.8 million worth of Grayscale Bitcoin Trust shares
Cathie Wood’s Ark Invest bought shares in Grayscale’s Bitcoin Trust (GBTC) on Monday, days after the trust’s discount reached a new low. Ark purchased 315,259 shares of GBTC o...
The Block: Bitcoin mining stock report: Monday, November 14
Bitcoin stocks broadly traded down on Monday, Nov. 14. Bit Digital clocked the biggest gains on Monday, adding 3.64%. Elsewhere, TerraWulf and Mawson Infrastructure Group also added modest gain...
Ethereum (ETH) Bottom Likely Already In With Next Bull Cycle Approaching, According to Macro Guru Raoul Pal
Former Goldman Sachs executive Raoul Pal says that the bottom for Ethereum (ETH) is likely already in and a crypto bull run is now around the corner. The macro guru says those skeptical of the industr...
Buterin may have sold nearly $4 million in ether after FTX bankruptcy filing
A wallet known to be associated with Ethereum founder Vitalik Buterin sold 3,000 ether early Saturday, less than 24 hours after crypto exchange FTX filed for bankruptcy protection, according to Ethers...
Bitcoin, ether move higher as Goldman Sachs see negative outlook for Coinbase
Crypto prices increased even as Wall Street banks predicted more gloom for the industry amid the FTX debacle. Bitcoin was trading at $17,060, up 3% over the past day, while ether added 4% to tr...
FTX crisis likely to spark a domino effect, macro analyst explains
The repercussions of the cataclysmic FTX downfall are going to be broader than the crypto markets, as they will accelerate downward moves in stocks and commodity markets, according to Mike McGlone, se...
Bitcoin, ether drop as FTX’s bankruptcy filing spooks crypto markets
Crypto prices sank on the news that FTX and more than 100 corporate entities affiliated with the firm are filing for bankruptcy. Bitcoin dropped 5.2% at $16,551, while ether crashed 6.5% to $1,...
Wall Street sees tightening of regulatory screws after FTX crypto catastrophe
Wall Street may not have seen the FTX debacle coming, but veterans of traditional finance recognize that once the dust settles there will be a new crypto paradigm. “Wall Street is clearly spook...
Bitcoin and ether up as U.S. inflation data below estimates at 7.7% in October
U.S. inflation is showing signs of cooling down as crypto markets remain tumultuous. Inflation in the U.S. came in at 7.7% in October. Based on FactSet data, analysts had predicted an 8% increa...
Grayscale Bitcoin Trust trading at discount of more than 40% amid market tumult
The Grayscale Bitcoin Trust (GBTC), which has been trading at a discount since the beginning of 2021, hit a record low on Wednesday. GBTC is currently trading at a discount of -40.7%, its lowes...
Binance CEO says he didn’t ‘master plan’ FTX’s collapse
One day after news broke that Binance might acquire the non-U.S. assets of FTX amid a liquidity crunch, CEO Changpeng Zhao told staff that the near collapse wasn’t planned and would likely trigg...
Macro Guru Raoul Pal Says This Ethereum (ETH) Rival Has One of the Most Interesting Altcoin Discounts in Market Crash
Former Goldman Sachs executive Raoul Pal says one Ethereum (ETH) competitor is presenting one of the most golden opportunities for discounts during the current crypto market crash. Pal tells his 986,0...
The Block: Bitcoin mining stock report: Tuesday November 8
Most bitcoin mining stocks tracked by The Block declined on Tuesday after news that crypto exchange Binance will acquire FTX rocked the markets. According to data from TradingView, Bitcoin was t...
Amid Macro Uncertainty, Bitcoin Stabilizes. Incredible October Stats Inside
The world is upside down. Is bitcoin stable now? Or is everything else extremely volatile all of a sudden? As the planet descends into chaos, bitcoin remains in a weird limbo that’s uncharacteristic o...
Macro Guru Raoul Pal Says Ethereum (ETH) Forming Massive and ‘Very Bullish’ Technical Pattern
Former Goldman Sachs executive Raoul Pal says that after breaking a downtrend Ethereum (ETH) is forming a strong bullish technical pattern. In the Global Macro Investor newsletter, Pal says the world’...
Historically Accurate Signal Suggests Macro Bitcoin Shift Has Arrived, According to Trader Who Called May 2021 BTC Collapse
A popular crypto analyst who called the May 2021 Bitcoin (BTC) collapse says a historically reliable indicator is flashing bullish for the digital asset. Pseudonymous analyst Dave the Wave tells his 1...