“It was simple to understand, it was black and white,” said David Wessel, senior fellow in economic studies at the Brookings Institution and former Wall Street Journal economics editor. “The NBER definition is kind of mushy, for good reason, because there are lots of factors.” Source link

Bitcoin (BTC) price rallied toward $24,200 on July 28 after a near-10.5% surge that began a day earlier. The gains appeared after Federal Reserve Chairman Jerome Powell signaled intentions to slow down the Fed’s prevailing tightening spree. This prompted some Bitcoin analysts to predict short-term upside continuation, with pseudonymous analyst CryptoHamster seeing BTC at $26,000 next. It seems that the downside breakout was a false one, and the bullish flag has been validated. Let’s see how… Source link

Monero (XMR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Digital Money has added 6.29% to $162.65. InvestorsObserver is giving Monero a 28 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero! Moderately Volatile InvestorsObserver gives Monero a moderate volatility rank of 28, placing it in the bottom 28% of cryptos on the… Source link

Ether’s (ETH) 53% rally between July 13 and 18 gave bulls an edge in July’s $1.26 billion monthly options expiry. The move happened as Ethereum developers set a tentative date for the “Merge,” a transition out of the burdensome proof-of-work (PoW) mining mechanism. Ether USD price index, 12-hour chart. Source: TradingView According to some analysts, by removing the additional ETH issuing used to finance the energy cost required on traditional mining consensus, Ether could finally achieve the… Source link

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Bitcoin’s (BTC) price has been stuck in a descending channel since July 20 and it is currently heading toward the $20,000 support by the end of July. Adding to this bearish price action, BTC is down 50% year-to-date, while U.S. listed tech stocks, as measured by the Nasdaq-100 index, accumulated a 24% loss. Bitcoin USD price index, 4-hour. Source: TradingView As the U.S. Federal Reserve tightens its economic policies by raising interest rates and scaling back debt asset purchases, risk assets… Source link

Litecoin (LTC) gets a very bullish rating from InvestorsObserver Thursday. The crypto is up 11.48% to $60.27 while the broader crypto market is up 7.47%. Litecoin has a Very Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Litecoin! Very Bullish Over the last five days, Litecoin has earned a Very Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the… Source link

Transactions in the crypto market have swollen up over the past 24 hours. The cumulative trading volume surpassed $93 billion, making it the highest this week. Per data from CMC, Bitcoin was one of the most significant contributors, for it fostered a total of $35.2 billion in volume over the past day. The rising price, on its part, has enabled Bitcoin to climb 9% higher on its price charts to $23k. FUN FACT: The total #cryptocurrency market volume in the last 24 hours was… Source link

Open interest, or the number of options contracts traded but not squared off with an offsetting position, stood at a new lifetime peak of nearly 4 million, according to data from major exchanges, including Deribit, tracked by Swiss-based derivatives analytics firm Laevitas. The previous peak of around 3.5 million was registered in the second quarter. Source link

Text size Crypto prices jumped alongside etch stocks after the Federal Reserve announced it would raise interest rates by 75 basis points. Dreamstime … Source link