The Bank of New York Mellon has provided insights into why the growth of the BRICS economic alliance is unlikely to impact the U.S. dollar’s dominance as the global reserve currency. “We think the most important factor for dollar use into the next decade revolves around technology instead,” said the investment bank’s analyst. BNY Mellon […]
Bitcoin, Ethereum Technical Analysis: BTC Largely Unchanged, Despite Fed Chair Powell’s Inflation Warning
Bitcoin remained largely unchanged on Saturday, as markets were mostly unmoved by comments from the Federal Reserve’s chair, Jerome Powell. Speaking at the annual Jackson Hole symposium, Powell hinted that more hikes were in the cards. Ethereum moved back towards a recent support point. Bitcoin Bitcoin continued to trade near the $ 26,000 region …
Biggest Movers: LTC, ETC Rebound on Monday, Despite Bearish Sentiment
Litecoin was back in the green to start the week, despite the crypto market continuing to trend mostly lower. At the time of writing, the global market cap is down 0.59%, following a recent red wave. Ethereum classic also climbed higher on Monday, hitting a four-day high in the process. Litecoin (LTC) Litecoin (LTC) rose […]
Weekly NFT Sales Dip by 1.18% Despite Rising Buyers and Transactions
Based on the most recent week-long data, non-fungible token (NFT) sales experienced a slight decline of 1.18% from the previous week. Despite a recorded $ 107.05 million in NFT sales, there was a noteworthy rise of 86.71% in the number of buyers. Additionally, NFT transactions increased by a significant 34.66%. Weekly Digital Collectible Sales …
Bitcoin, Ethereum Technical Analysis: BTC Bulls Continue to Target $30,000, Despite Slow Start to the Week
Bitcoin started the week hovering slightly above the $ 29,300 region, however bulls continue to target a resistance level of $ 30,000. The cryptocurrency mostly consolidated this past weekend, with this sentiment still present on Monday. Ethereum fell marginally below its Sunday peak. Bitcoin Bitcoin (BTC) started yet another week in consolidation, as …