“I suspect growth projections for 2022 around the world will need to be sharply revised lower, and it will be interesting to see what the central banks of the world will do. I believe Europe and Asia will halt thoughts of monetary policy normalization, and with Europe on the front lines, I can’t blame them,” Jeffrey Halley, senior market analyst, Asia Pacific, Oanda, said in an email. Source link

Bitcoin (BTC) plunged to below $38,000 on March , giving up all the gains it had made last week, which saw BTC/USD rally over $45,000. BTC back below $40K as oil soars The losses appeared due, primarily, to selloffs across the risk-on markets, led by the 18% rise in international oil benchmark Brent crude to almost $139 per barrel early March 7, its highest level since 2008. Nonetheless, Bitcoin’s inability to offer a hedge against the ongoing market volatility also raised doubts over its… Source link

Which cryptocurrency do Ethereum ( ETH 3.25% ) whales (individuals with a lot of money invested) like the most? The answer, of course, is Ethereum itself. However, Ethereum whales also are betting on other cryptocurrencies. Shiba Inu ( SHIB 0.93% ) ranks high on the list. In late February, Ethereum whales owned more than $1.3 billion of the digital token, according to whale-tracking website WhaleStats. Today, the figure tops $1.5 billion. But Shiba Inu isn’t at… Source link

At CoinGeek, we’ve been trying to expose the attack on Bitcoin by financial incumbents for many years. Our Chief Bitcoin Historian Kurt Wuckert Jr. has done excellent work exposing Mastercard’s virtual takeover of BTC (links below), and it seems that the message is finally starting to get through. On social media and in various forums, digital currency users have begun to notice and express concerns about connections between some prominent projects and financial organizations they view… Source link

Bitcoin (BTC) starts a new week in the shadow of a deepening geopolitical nightmare unfolding in Ukraine. As retaliation for the Ukraine invasion and the macroeconomic consequences grow, crypto by and large is struggling to keep up. A curious paradox has presented itself this month. Despite investors and those directly impacted by the war assumedly looking for a safe haven, that has broadly not been Bitcoin or even stablecoins. Instead, stocks, which have taken a hit thanks to sanctions and… Source link

Cryptocurrency’s breakthrough from the financial fringes to the mainstream has been characterized by major investors like Paul Tudor Jones — and some companies like Microstrategy (MSTR) and Tesla (TSLA) — dipping their toes into Bitcoin (BTC-USD). Even Apple (AAPL) CEO Tim Cook is getting in on the action. Yet some financial advisors and wealth managers appear to be struggling over how to adapt to the new era, in a sector defined by head-spinning price action, still-evolving regulation,… Source link

ETH had seen a difficult weekend so far, unable to move away from the critical support at $2.5K. The overall crypto market sentiment is slightly bearish after Bitcoin got sharply rejected below $40K. Key Support levels: $2,560, $2,330 Key Resistance levels: $2,800, $3,000 Since ETH got rejected at the $3,000 resistance level, the price quickly dropped towards the key support at $2.5K. The latter was the daily low in the past three days – Friday, Saturday, and Sunday. So… Source link

Bitcoin remained under the $40,000 level on Sunday, as bears continued to pressure cryptocurrency markets. This pressure also kept ethereum lower, with the world’s second-largest crypto hovering around its long-term support level. Bitcoin Sunday saw the price of bitcoin (BTC) trade lower for a fifth consecutive session, as it was unable to shake off recent bearish pressure. BTC/USD fell to an intraday low of $38,211.65 on Sunday, which was around $500 lower than its bottom to start… Source link

Arman Shirinyan Monero suddenly gets first place in altcoin rally with an impressive price increase Private cryptocurrency Monero is leading the altcoin rally on the market with an approximately 9% price increase in the last 24 hours as more people return to the “old classic” tier of cryptocurrencies. XRP also follows the trend with a 4% price increase, according to CoinMarketCap. As the coin tracker suggests, Monero’s capitalization has faced a 5.5% increase in the last few hours in… Source link

Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) Terra, the fast-growing DeFi tool kit built on Cosmos, is now officially the second-largest ecosystem in decentralized finance.  According to data pulled from DeFi Llama, Terra currently boasts total value locked (TVL) of just over $23 billion, marking an all-time high in U.S. dollar terms.  This is roughly twice as much as runners-up BNB Chain (formerly Binance Smart Chain) and Fantom. The king chain, Ethereum,… Source link