Bitcoin and altcoins pop to the upside, but upcoming macro events could cap t...
The FOMC's decision on Sept. 21 could cause traders to reduce their risk exposure, limiting the recent gains seen across the crypto market. The 13% gains in the six days leading to Sept. 12 brought the total crypto market capitalization closer to $1.1 trillion, but this was not enough to break the descending trend. As a result, the overall trend for the past 55 days has been bearish, with the latest support test on Sept. 7 at a $950 billion total market cap.Total crypto market cap, USD. Source: TradingViewAn improvement in traditional markets has accompanied the recent 13% crypto market....
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Bitcoin and altcoins are entering a pivotal week of trading as they face several macro catalysts this week, with inflation data, Federal Reserve testimony, trade policy announcements by US President Donald Trump. #1 Bitcoin And Altcoins Await The CPI Release (Wednesday) The first key factor arrives on Wednesday, February 12, 2025, at 8:30 AM EST […]
The Bitcoin correlation with the macro markets reached new highs in 2022. This saw the price of the digital asset, and the entire crypto market by extension, follow the movement of the stock and equities market very closely. There were forecasts that the cryptocurrency would begin to decouple from the macro market as time went on but data shows that the correlation still remains very high even now. Following The Macro Market One of the most prominent ways that the macro market and the bitcoin correlation have shone through has been during important events like the CPI data releases. The....
Organizers of two fantastic Bitcoin conferences coming to El Salvador this quarter described their upcoming events.
Hovering at a range between $18,800 and $19,500, the Bitcoin price is chopping out short and long positions. The current dynamics in the market have been determined by macro forces leading BTC to extreme as it approaches a major economic event. Related Reading: Bitcoin Boredom Causes Trading Volume To Dive 38% From September Highs The Consumer Price Index (CPI) for September is poised to operate as one of these events. In the past months, these reports, used by the U.S. Federal Reserve (Fed) to benchmark inflation, have been followed by spikes in volatility. At the time of writing, the....
The Cambridge Bitcoin Meetup group is hosting four Bitcoin education events in November. The events will feature presentations from prominent Bitcoin personalities such as Nic Cary, Jon Lee, and Vlad Zamfir and are designed to give students a crash course in cryptocurrency and entrepreneurship opportunities for Bitcoin enthusiasts. Also Read: MIT Bitcoin Project is Live - Undergraduates Receive $100 in Bitcoin. Upcoming Cambridge Bitcoin Events. On November 11, Blockchain CEO Nic Cary will speak at the Cambridge Centre for Mathematical Sciences. His presentation, titled "The Bitcoin....