Real Vision’s chief digital assets analyst Jamie Coutts says that a bottom may be forming in the crypto market after declining for weeks. Coutts tells his 33,800 followers on the social media platform X that based on a metric tracking the performance of crypto assets over 365 days the market is gearing up for a […]
The post Crypto Market Flashing Signal That Suggests Bottom Is Forming, Says Real Vision Analyst – Here’s His Outlook appeared first on The Daily Hodl.
On Wednesday, the price of bitcoin plummeted below the $100,000 mark, hitting an intraday low of $99,997 per coin. The whole crypto market has taken a hit, dropping 5.74% in the past 24 hours, with numerous coins feeling the sting of heavy losses. Bitcoin’s Rollercoaster Week: From Record High to Sub-$100K Slide It feels like […]
Historically, markets outperform after presidential elections and then stall once the President-elect takes office, data shows.
The cryptocurrency market’s bullish momentum may slow after United States President-elect Donald Trump’s inauguration on Jan. 20, 2025, according to data on historical market performance during US election years.
In the US, stocks — and cryptocurrencies such as Bitcoin (BTC) — perform well in the weeks after a presidential election and then cool off once the President-elect takes office, according to data from Bloomberg and researcher Macrobond Financial.
This is especially pronounced when the incumbent president is a Republican, according to data from TS Lombard, a research group. The Republican party is typically seen as more business-friendly, sparking greater post-election market euphoria.
Some top LSTs have previously seen price deviations of up to 77% from Ether’s price due to mass sell-offs paired with liquidations on leveraged lending protocols.
The $45 billion liquid staking sector is raising concerns among investors over the long-term price stability of cryptocurrencies tied to these protocols.
Liquid staking creates more capital efficiency for investors by offering an equivalent of the initial staked token that can be deployed in other decentralized finance (DeFi) applications.
However, liquid staking tokens (LSTs) could temporarily lose their price peg to Ether (ETH), according to Carlos Mercado, a data scientist at Flipside Crypto research firm.
As of Oct. 14, 2024, ethereum’s price is $2,541, with a total market cap reaching $305 billion. In the last 24 hours, ETH has swung between $2,436 and $2,555, supported by a trading volume of $14.31 billion. Despite this activity, technical indicators hint at continued bearish momentum, with key support levels under pressure. Ethereum On […]
On Friday, the 12 U.S. s pot bitcoin exchange-traded funds (ETFs) experienced positive inflows, totaling $25.59 million. Concurrently, the nine spot ether ETFs garnered a combined $7.39 million in inflows during the day’s trading session. Bitcoin ETFs Rebound With $25.59M Inflows, Ether Funds Add $7.39M Both bitcoin and ethereum ETFs showed positive growth on Friday, […]
A researcher from 21shares has offered an analysis of how bitcoin’s price could respond to the U.S. jobs report. The analyst indicates that BTC prices could increase if the Federal Reserve reduces interest rates. These rate cuts, which are likely tied to labor market trends, could lower borrowing costs, potentially boosting the cryptocurrency market. Bitcoin’s […]
On Friday, the global crypto market saw a boost in value, with bitcoin (BTC) climbing 2.29%, approaching the $62,000 mark at 9:30 a.m. EDT. Ethereum (ETH) joined the upward trend, gaining a more modest 1.6%, pushing toward the $2,400 level. Bitcoin and Ethereum Climb Following U.S. Jobs Report This rebound came on Oct. 4 after […]
Bitcoin’s price briefly dipped to an intraday low of $59,860 shortly after 9 a.m. EDT on Oct. 3, 2024. As of 1 p.m., the cryptocurrency is trading above the $60,000 mark, though it continues to face challenges in maintaining this key psychological level. Crypto Market Sell-Off Drives Traders to Stablecoins At 1 p.m. EDT on […]
As October 2024 kicked off, the crypto market has remained steady despite a widespread dip on Tuesday. Since January, there’s been an interesting uptick in specific crypto themes, with artificial intelligence (AI) tokens, bridge cryptocurrencies, and meme coins outshining sectors like exchange tokens and store of value coins. The following editorial explores the top five […]