Markets

Bitcoin's recent weakness is more tied to global markets. (Coinbase)
Bitcoin’s Recent Weakness Is More Tied to Global Markets Than to Anything Crypto Specific, Coinbase Says
Both equities and gold have been trading lower since reaching highs in mid-April, the report noted.
Bitcoin's recent weakness is more tied to global markets. (Coinbase)

BTC's price chart (CoinDesk)
Bitcoin's Price Recovery Faces Nonfarm Payrolls Test
Bitcoin held steady as the dollar index nursed losses ahead of a U.S. jobs report that is expected to show the unemployment rate remained below 4% for the 27th straight month.
BTC's price chart (CoinDesk)

JPMorgan maintains its cautious stance on crypto markets. (Shutterstock)
Crypto Market Sell-Off Was Driven by Retail Investors, JPMorgan Says
Crypto markets have seen significant profit taking in recent weeks with retail investors playing a bigger role than institutions, the report said.
JPMorgan maintains its cautious stance on crypto markets. (Shutterstock)

Calculator, scientific. (kaboompics/Pixabay)
Bitcoin 'Call Writing' Back in Vogue as Cash And Carry Strategy Loses Shine
Recently, traders have sold $80,000 BTC call options expiring at the end of May to generate additional yield, one observer said.
Calculator, scientific. (kaboompics/Pixabay)

Net inflows into U.S.-based spot BTC ETFs. (CoinGlass)
BlackRock's Bitcoin ETF Posts First Day of Outflows, Leading Record $563M Exit From U.S. Spot Products
Fidelity's FBTC, not GBTC, led outflows on Wednesday in what may be an alarming development for the bulls.
Net inflows into U.S.-based spot BTC ETFs. (CoinGlass)

Bear vs Bull Market economy (Pixabay)
Bitcoin Could Drop Further to as Low as $50K, Standard Chartered Says
The cryptocurrency is now trading below the average spot ETF purchase price of about $58K, and this could trigger liquidations, the bank said in a report.
Bear vs Bull Market economy (Pixabay)

16:9 Market decline (Mediamodifier/Pixabay)
Bitcoin Trades Around $57K, Crypto Market Drops 6% in Run-Up to Fed Decision
BTC is down about 6.3% in the last 24 hours having dropped below the $60,000 support level late on Tuesday.
16:9 Market decline (Mediamodifier/Pixabay)

BTC's first monthly loss since August. (TradingView/CoinDesk)
Bitcoin Set to Become More Dominant Even as BTC Stares at First Monthly Loss Since August
Bitcoin's dominance rate has risen past key level, signaling further upside, according to Fairlead Strategies.
BTC's first monthly loss since August. (TradingView/CoinDesk)

Bitcoin price on April 29 (CoinDesk)
Bitcoin Wavers Around $63K, Awaiting Hong Kong Spot Crypto ETF Debut
Despite muted anticipation for the new products, an executive of one of the issuers reportedly expects that the first-day issuance of the Hong Kong offerings will exceed the U...
Bitcoin price on April 29 (CoinDesk)

Japan (Su San Lee/Unsplash)
Bitcoin Trades At Slight Premium in Yen Terms Amid Suspected BOJ Intervention
The Japanese yen swung wildly on Monday, recovering 500 pips from over three-decade lows on suspected BOJ intervention.
Japan (Su San Lee/Unsplash)