How does the Fed impact crypto? | Find out on The Market Report
How do the decisions of the United States Federal Reserve affect Bitcoin and the broader crypto markets? “The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss how the United States Federal Reserve and its chair, Jerome Powell, influence the crypto market.But first, the Cointelegraph experts analyze the latest news in the market. Will Bitcoin’s uphill battle continue? And will LUNA 2 be able to recover the losses of its predecessor?Next, market analyst Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH)....
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A study by Etoro and The Tie find listing and partnership announcements as significant developments (Sigdev) that have an immediate, large, and positive influence on token price. This influence, which peaks within the first 24 hours, usually wears off after a week, according to the study report. The Impact of a New Token Listing Yet, on the other hand, funding, as well as Merger and Acquisitions announcements, tend to have positive effects on the token price that extend beyond one week. The study, which lists and ranks a total of 15 Sigdevs, finds token burning and 51% attacks as factors....
As the US presidential election approaches, less than two months before what could be a turning point for the crypto industry, experts are expressing skepticism about its potential impact on the crypto market, according to a CNBC report. Crypto Leaders At TOKEN2049 Downplay US Election Impact Speaking at TOKEN2049 in Singapore, prominent figures in the […]
This is the inaugural monthly market insights report by Bitcoin.com Exchange. In this and subsequent reports, expect to find a summary of crypto market performance, a macro recap, market structure analysis, and more. Crypto market performance In late March, BTC tested $48,000, a key resistance level which had not been reached since September last year. After failing to push through, the marquee crypto saw a reversal to the $40-42,000 level. This had been acting as new support, notably higher than the previous support of $36-38,000 seen in the first quarter of 2022. However, at the time of....
This is the May 2022 monthly market insights report by Bitcoin.com Exchange. In this and subsequent reports, expect to find a summary of crypto market performance, a macro recap, market structure analysis, and more.
Crypto Market Performance
May got off to a rough start as the Federal Reserve confirmed a hawkish bias on the back of lingering inflation. Markets reacted by going risk-off.
The collapse of LUNA and UST added fuel to the fire, with the result that crypto markets saw historically large drawdowns.
BTC reached a low of $25.4k USD, which is 60% off....
This is the June 2022 monthly market insights report by Bitcoin.com Exchange. In this and subsequent reports, expect to find a summary of crypto market performance, a macro recap, market structure analysis, and more.
Crypto Market Performance
Crypto markets continued on a downtrend as BTC and ETH were down 30% and 44% respectively over the last 30 days.
The macroeconomic outlook continues to be unfavorable for risk assets as high inflation combines with elevated commodity prices and tight U.S. labor market conditions. Adding to that, crypto has experienced....