As 2024 comes to an end, Bitcoin (BTC) is showing disappointing performance compared to its usual year-end gains. Historically, Bitcoin tends to increase around 2.8% in the 51st week, but this year it is expected to drop by 11%. While it usually gains about 3% in the last week of the year, it has actually ...
Cryptocurrency prices took a hit on Thursday, following a selloff on Wednesday triggered by Federal Reserve Chair Jerome Powell’s cautious comments regarding interest rate cuts for the next year. Bitcoin briefly tried to climb back above $100,000 but fell to the low $97,000s before settling around $98,000. Other altcoins faced even steeper declines, with Ethereum ...
On December 18, 2024, the Federal Reserve’s unexpected announcement to limit interest rate cuts sent shockwaves through Wall Street, causing the CBOE Volatility Index, or VIX, to spike by 74%—marking one of the largest percentage increases in its history. This surge reflected heightened investor fear, with the VIX closing at 27.62, up from around 15. ...
On December 18, a sudden Market panic ensued following a 25 basis point interest rate cut by the Federal Reserve and a hawkish statement from Chair Jerome Powell. Bitcoin experienced a sharp decline, dipping below $100,000, while U.S. equities fell by about 3%. This turmoil also pushed the dollar index to a two-year high. Notably, ...
Bitcoin has bounced back over the $100,000 mark, rising to a peak of $101,700 after dipping below $100,000. This rebound followed a drop caused by the Federal Reserve’s announcement about interest rate cuts, which were revised down to only two planned cuts for 2025 instead of the expected four. Despite the Fed’s recent quarter-point rate ...
Bitcoin is on a strong upward trend, recently reaching a new all-time high and hinting at further price increases. Despite this bullish momentum, skepticism remains among some investors about the sustainability of Bitcoin’s rally. Expert Axel Adler Jr. from CryptoQuant highlighted that even as Bitcoin climbs to impressive levels, doubts persist about its solid foundation. ...
The crypto Market is showing caution as investors await the Federal Reserve’s rate decision. There are whispers of a possible rate cut that could encourage more risk-taking in the economy, but analysts predict a slight revision in future rate cut projections for 2025. Consequently, major cryptocurrencies like Bitcoin and Ether have dipped by nearly 2%. ...
Crypto analyst Elalemiami has indicated that Dogecoin (DOGE) is preparing to test the Gaussian channel on the price chart. He predicts that this could lead to a price target of $2.5, with potential highs reaching $3. Historical patterns suggest that when Dogecoin approached this channel in the past, it resulted in significant price rebounds. Despite ...
Riot Platforms, a cryptocurrency miner listed on NASDAQ, saw its stock rise nearly 5% after news broke that Starboard Value, a well-known investor, had acquired a significant stake in the company. This increase stood out compared to the S&P 500’s decline of 0.5% on the same day. Reports indicated that Starboard plans to push for ...
Today, cryptocurrencies experienced a dip as Bitcoin dropped from $100,000 to about $97,500, amidst rising Treasury yields and upcoming inflation data. Other major cryptocurrencies like XRP fell significantly, while meme tokens like Dogecoin and Shiba Inu also dropped. Interestingly, MicroStrategy announced a substantial Bitcoin purchase, holding a total of $25.6 billion in the cryptocurrency. Meanwhile, ...
