“If the stock market rally is able to overcome hard landing fears, that should provide a nice backdrop for cryptos,” Edward Moya, senior market analyst at OANDA, wrote in a Wednesday note. “This broad risk-on rally doesn’t seem like it has legs to stand on, but this bounce could last a little longer.” Source link

LONDON, Sept 28 (Reuters) – Trading volumes between the British pound and the cryptocurrency bitcoin spiked to a record high after sterling dropped on Monday, according to market data firm Kaiko Research, in what analysts said was likely a rush by investors to dump their sterling for the digital asset or profit from arbitrage. The pound fell to a record low against the dollar on Monday, having plunged the previous Friday after the UK government announced unfunded tax cuts . read more The… Source link

Bitcoin (BTC) staged a welcome comeback after the Sept. 28 Wall Street open as bulls faced off with whale-sized sellers. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Whales lie in wait at $20,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining over $1,000 on the day to see highs of $19,656 on Bitstamp. The move characteristically copied an uptick for United States equities, with the S&P 500 and Nasdaq Composite Index up 1.5% and 2.2%, respectively. Now,… Source link

Picture this: You are an Ethereum miner, and for almost ten years your nine-to-five has been the same: wake to the sound of industrial wheezing in your backyard, scarf down a quick breakfast of heavily contaminated Cinnamon Crunch, take an asthmatic jog ‘round the polluted freshwater lake, then head back to the garage where the machines are kept, and where you tend to their inscrutable whims—lest they decline to compensate you with precious ETH. Having carried on like this for years, you… Source link

South Korean authorities are seeking the arrest of Do Kwon, co-founder and chief executive officer of Terraform Labs. His company is behind the now-collapsed terraUSD and luna cryptocurrencies. South Korean prosecutors are now seeking to freeze bitcoin linked to Kwon. Woohae Cho | Bloomberg | Getty Images South Korean authorities sought Kwon’s arrest this month and claimed he is on the run. The prosecutors said that Interpol, the global policing organization, has issued a “Red Notice” for… Source link

Litecoin price continued sliding on Wednesday as investors remained extremely fearful about the market. LTC crashed to a low of $51.8, which is about 23% below the highest level this month. Its market cap has fallen to about $2.7 billion, making it the 22nd biggest cryptocurrency in the world. It has crashed by more than 87% from the highest level this year. Fear and greed slips Investors are getting more fearful about the state of the financial market. This explains why key gauges in the… Source link

“Flows into digital asset investment products remained tepid last week ($8.3 million), but with some notable regional differences,” Ilan Solot, a partner at Tagus Multi-Strategy Fund, said in a daily market update. “North America saw $9.4 million of OUTflows, while Europe saw $15 million of INflows. Could this be the first clue to the recent resilience in crypto markets? Too soon to say.” Source link

“Flows into digital asset investment products remained tepid last week ($8.3 million), but with some notable regional differences,” Ilan Solot, a partner at Tagus Multi-Strategy Fund, said in a daily market update. “North America saw $9.4 million of OUTflows, while Europe saw $15 million of INflows. Could this be the first clue to the recent resilience in crypto markets? Too soon to say.” Source link

New home sales in the U.S. jumped by 29% in August, reaching a five- month high of 685,000, and exceeding the consensus estimate of 500,000. Home prices, however, rose by 13.9%, down from 16% the prior month, and the lowest increase since February 2021. Source link

Monero (XMR) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the Digital Money has increased 1.39% to $146.55. InvestorsObserver is giving Monero a 23 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero! Low Volatility InvestorsObserver gives Monero a low volatility rank of 23, placing it in the bottom 23% of cryptos on the market. The Volatility… Source link