Bitcoin follows fresh US stocks dive as analysis ‘expects’ BTC price to take $37.5K liquidity

Bitcoin (BTC) faced selling pressure at the Wall Street open on April 22 as markets began a rerun of Thursday’s losses. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView No let-up for stocks or crypto as losses mount Data from Cointelegraph Markets Pro and TradingView showed BTC/USD following a grimly familiar course on Friday, hitting lows of […]

Bitcoin retests $40K after stocks sell-off meets Fed balance sheet bust

Bitcoin (BTC) headed toward $40,000 on April 22 after a major retracement in equities speared bulls’ latest advance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin sheds $3,000 on U.S. stocks plunge Data from Cointelegraph Markets Pro and TradingView showed BTC/USD being kept firmly under $41,000 Friday after volatility during the latest Wall Street trading session. […]

Bitcoin Bounces Around $40K as Stocks Waver; Crypto Security Concerns Intensify

●Bitcoin (BTC): $40755, +0.66% ●Ether (ETH): $3010, −1.67% ●S&P 500 daily close: $4392, −0.02% ●Gold: $1982 per troy ounce, +0.57% ●Ten-year Treasury yield daily close: 2.86% Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); […]

Multi-chain, stocks and stablecoin-focused DeFi protocols are showing signs of strength

The cryptocurrency market has far faced an uphill battle for the larger part of 2022 due to global economic headwinds on multiple fronts, along with supply chain constraints, blistering inflation and the ongoing war in Ukraine.  Despite the weakness seen in a majority of crypto assets, several decentralized finance (DeFi) protocols have managed strengthen their […]

Bitcoin spikes with stocks as US inflation hits highest since 1981

Bitcoin (BTC) saw a brief boost on April 12 after the United States saw its highest Consumer Price Index (CPI) data since 1981. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: Inflation echoes “mythical stories” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking $400 instantly as the data was released. U.S. CPI was up […]

Bitcoin Sell-Off Deepens as Correlation with Stocks Rise

In a Monday newsletter, FundStrat, a global advisory firm, wrote that macro uncertainty could outweigh LFG’s reserve purchases. “Following previous LFG purchases, we witnessed a rise in realized market cap as other [traders] followed LFG’s lead,” the firm wrote. “However, realized market cap has remained flat since this latest purchase, indicating marginally less appetite for […]

BTC stocks correlation ‘not what we want’ — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts the second week of April with a whimper as bulls struggle to retain support above $40,000. After a refreshingly low-volatility weekend, the latest weekly close saw market nerves return, and in classic style, BTC/USD fell in the final hours of Sunday. There is a feeling of being caught between two stools for […]

First Mover Asia: Bitcoin Set to Close Week Underperforming Major Japan, China Stocks

Investors in the region were more risk-averse this week amid fresh evidence of the U.S. central bank’s commitment to hawkish monetary policy and an unsettled macroeconomic environment; cryptos were mixed. Source link

Alibaba and JD.com Stocks Jumped as Retailers Handled $136.51B in Sales at 618 Shopping Event

After good sales during the 618 Shopping Festival, JD.com and Alibaba stocks closed up yesterday but declined at the opening today. On June 18, the Chinese largest shopping event took place. Known as the 618 Shopping Festival, it was started by retail e-commerce site JD.com to celebrate its founding and has since then become popular […]

Will Today’s “Quadruple Witching” Trigger a Bear Trend For Stocks and Bitcoin?

Turbulence in the stock market is expected to pick up starting today, due to something called “Quadruple Witching.” Will the same sudden spike in volatility put Bitcoin under the same spell? What Is A Quadruple Witching in the Stock Market, and Why Does It Matter? Today in the stock market is known as a Quadruple […]