Everything web3, crypto, defi, degen
In brief Bitcoin briefly swelled to a 19-day high, driven by cooler U.S. inflation data that has increased expectations of a Federal Reserve rate cut. The crypto market’s bullish sentiment is also fueled by significant ETF inflows and a decline in selling pressure. Experts are optimistic about Bitcoin’s future, with expectations of a “big surge”…
In brief Gold hit an inflation-adjusted record high of $3,683/oz, surpassing a 45-year-old record. Bitcoin climbs 6% to $114,286 but analysts watch gold-to-Bitcoin ratio for breakout signals. Prediction markets now favor gold over Bitcoin through year-end, with 63% betting on precious metal. If Bitcoin can keep pace with gold as it soars to an inflation-adjusted…
In brief Bitcoin holds steady near $114,000 despite August inflation rising to 2.9%, outpacing July’s 0.2% increase. Odds of a 50 basis point Fed rate cut next week dropped from 12% to 9% following the hotter CPI data. Crypto analysts expect any market volatility from the inflation print to be short-lived ahead of next week’s…
In brief Bitcoin hit a two-week high above $114,000 Thursday morning. Its price rise comes after U.S. spot Bitcoin ETF saw inflows of $757.1 million Wednesday, an eight-week high. Experts suggest that the August inflation report and the subsequent rate cut decision by the Federal Reserve are key catalysts driving ETF inflows. Bitcoin bounced back…
In brief Chainlink is expanding partnerships with U.S. agencies to bring more government functions on-chain beyond their current Department of Commerce collaboration. The company is starting with feeding public economic data into crypto markets, but has longer-term goals of bringing U.S. elections onto blockchain systems. Nazarov says blockchain election verification technology is ready, but implementation…
In brief Bitcoin up 0.5% to $114,000+ after producer price index fell 0.1% in August. 88% of investors expect 25 basis point Fed rate cut at next week’s FOMC meeting. Tomorrow’s consumer price index could drive additional crypto market volatility. Bitcoin ticked higher after the Bureau of Labor Statistics reported the producer price index dropped…
In brief U.S. spot Bitcoin ETFs saw significant inflows of $368.25 million, the highest in a month, reversing recent outflows and signaling renewed institutional conviction. Institutional buying is linked to investor positioning ahead of key macroeconomic reports this week and the Federal Reserve’s upcoming rate decision. Simultaneously, a capital rotation pattern from Ethereum to Bitcoin…
In brief Investors are bracing for revisions to U.S. payrolls, inflation updates, and the Fed’s September 17 rate call. Analysts warn overlapping events, including VIX futures expiry, could set off sharp swings in risk assets. Ethereum shows stronger trading momentum than Bitcoin, with rising open interest and sustained spot demand. Monday’s lull in trading for…
In brief Fundstrat Global Advisors Managing Partner Tom Lee told CNBC that Bitcoin can hit $200,000 this year. He claimed during the interview that the digital coin would benefit if the Federal Reserve cuts interest rates. Bitcoin and other digital coins and tokens have largely done well in a low interest rate environment. Bitcoin can…
In brief Cantor Fitzgerald has debuted a new Bitcoin fund. The fund also gives investors exposure to gold—for downside protection. Gold rose to a record high near $3,680 on Monday, while BTC is trading about 9% off its all-time best, set last month. Wall Street giant Cantor Fitzgerald debuted a new fund Monday that aims…
