On April 1, the overall cryptocurrency market witnessed a decrease, with a 2.2% drop over the last day, as bitcoin and ethereum fell by 2.4% and 3.2% respectively against the U.S. dollar. Despite this downturn, the past week saw 14 digital assets experience notable increases, with the crypto token CORE soaring by 174% and WIF […]
US Banking Sector Volatility — Distressed Commercial Real Estate Sector Raises Default Concerns
Following the U.S. central bank’s decision to keep the federal funds rate unchanged, the turbulence in the commercial real estate market has sent shockwaves through the country’s banking sector and internationally as well. On Thursday, New York Community Bancorp witnessed a further 13% decline, while Japan’s Aozora Bank plunged to its lowest point in eight […]
Turmoil in Crypto Market — Misleading SEC Post Triggers Significant Bitcoin Volatility
Bitcoin’s value experienced a turbulent Tuesday, largely due to a rogue post from the U.S. Securities and Exchange Commission’s hijacked X account, mistakenly proclaiming the green light for all spot bitcoin exchange-traded funds (ETFs). False Spot ETF Approval Post Causes Chaos in Bitcoin Markets This erroneous message from the official Twitter of the U.S. Securities […]
Ethereum Technical Analysis: Ether Echoes Bitcoin’s Volatility Amid Growing ETF Anticipation
Ethereum Technical Analysis: ETH Faces Downward Pressure; Bearish Trends Emerge Amidst Market Volatility
As of Dec. 15, 2023, ethereum’s price exhibits intricate dynamics, standing at $ 2,259. Oscillators and moving averages paint a mixed picture, while the 4-hour and daily charts reveal patterns of consolidation and a short-term downtrend. Ethereum Ethereum’s (ETH) market capitalization stands at $ 271 billion, accompanied by a 24-hour trade volume of …