Market Wrap

Market Wrap

Market Wrap: Bitcoin Struggles Below $40K as Traders Digest Fed Statement

Damanick Dantes Frances YueJun 17, 2021

Bitcoin is under pressure as Fed taper concerns linger, although some expect crypto to remain resilient.

Federal Reserve

Market Wrap: Bitcoin Declines as Fed Projects Interest Rate Rise in 2023

Damanick Dantes Frances YueJun 16, 2021

The U.S. central bank also increased estimates of coming inflation to 3% from the 2.2% projection in March, largely due to transitory factors.

Market Wrap

Market Wrap: Bitcoin Drops Ahead of Looming ‘Death Cross’

Damanick Dantes Frances YueJun 18, 2021

Bitcoin’s ‘death cross’ could increase selling pressure into the weekend.

Bitcoin

Market Wrap: Attempts to Push Bitcoin Above $40K Stall

Damanick Dantes Frances YueJun 15, 2021

Some analysts are optimistic while others prefer to see stronger signs of upside momentum before calling a bottom.

Bitcoin

Market Wrap: Bitcoin Sustains ‘Musk Jump’ as Crypto Sentiment Improves

Damanick Dantes Frances YueJun 14, 2021

Bitcoin tests $40K following positive comments from Tesla's CEO Elon Musk and hedge fund manager Paul Tudor Jones.

Market Wrap

Bitcoin

Market Wrap: Bitcoin Flat at $37K as Investors Tangle With Bulls and Bears

Daniel Cawrey

Positive news from El Salvador couldn't completely overcome negative news out of China.

Bitcoin Volatility

Market Wrap: Bullish Basel News Causes BTC Jump to Week-High $38K Level; ETH Slips

Daniel Cawrey

Bitcoin busted out a quick 5% gain early Thursday on positive news from that continent before losing some steam.

Market Wrap

Market Wrap: Bitcoin Pops to $36.8K, Other Cryptos Higher Despite Worrying China Signals

Daniel Cawrey

Pessimistic news isn’t stopping the crypto spot markets from looking bullish Wednesday.

Bitcoin

Market Wrap: Possible Stimulus Tapering, China Continue Fueling Big Bitcoin, Crypto Dump

Daniel Cawrey

Ether is providing some with hope as its momentum, in the form of volume, continues to beat bitcoin for the 10th straight day.

Ether Dominance

Market Wrap: Bitcoin in Tight $35K-$36K Range; Ether Volumes Still Beating BTC

Daniel Cawrey

Ether’s dominance is at 19.78%, the highest it has been since May 16.

Elon Musk

Market Wrap: Musk-Induced Sell-Off Spurs Crypto Price Drop Before a Slight Recovery

Daniel Cawrey

Bitcoin dipped below $36K and ether fell under $2.6K on Tesla CEO’s bearish tweets, wiping out some leveraged players in the market.

Bitcoin

Market Wrap: Bitcoin Fails Test of $40K While Ether Loses Steam Near $2.9K

Daniel Cawrey

Meanwhile, the cost of gas fees on the Ethereum network is near a three-month low.