This week, during a recent interview, the renowned geo-macro economist and acclaimed author Dr. Nomi Prins shared insights on the Federal Reserve’s future actions, particularly regarding whether the central bank will reduce the federal funds rate come March. Prins mentioned that we might see a form of quantitative easing (QE), though it might not manifest […]
Cryptocurrency exchange Coinbase says many technical factors pressuring bitcoin, and crypto more broadly, are starting to be exhausted. “We expect macro factors to become more relevant for the digital asset class in the weeks ahead, which could be supportive for performance,” Coinbase’s analysts detailed. Coinbase’s Crypto Outlook Cryptocurrency exchange Coinbase (Nasdaq: COIN) published its “Weekly: […]
In the most recent update, Grayscale’s Bitcoin Trust (GBTC) experienced a decrease of 4,461.36 bitcoin, valued at approximately $ 190.53 million, over the past day. Since Jan. 12, 2024, GBTC has observed a cumulative reduction of about 124,967.54 bitcoin, equivalent to an estimated $ 5.33 billion. Meanwhile, the nine recently launched spot bitcoin …
In the span between Jan. 20 to Jan. 27, 2024, there was a notable decline in the sales volume stemming from non-fungible tokens (NFTs), plunging 21.25% from the week before. The leading blockchains in seven-day sales, Ethereum and Bitcoin, experienced substantial decreases, ranging from 28.78% to 12.62%, respectively. NFT Market Faces Sharp Decline At the […]
Global investment bank JPMorgan says that profit-taking from Grayscale’s bitcoin trust (GBTC) has largely happened already. “This would imply that most of the downward pressure on bitcoin from that channel should be largely behind us,” the bank’s analyst explained. JPMorgan’s Bitcoin Price Outlook Global investment bank JPMorgan weighed in on the crypto market again this […]