Recent analysis from QCP Capital highlights the intensifying macroeconomic volatility, driven by various factors including equity market sell-offs, unwinding currency trades, and fluctuating commodity prices. QCP Capital’s researchers foresee further turbulence ahead, particularly in light of upcoming Federal Reserve actions. QCP Capital Cites Heightened Volatility Ahead of Key Federal Reserve Decisions QCP Capital reports that…
The U.S. Federal Reserve has opted to maintain the federal funds rate target range at 5.25-5.5%, according to the latest report from the Federal Open Market Committee (FOMC). The committee noted that while inflation has eased over the past year, it remains somewhat elevated, with the overarching goal being to bring inflation down to the…
XRP climbed to $0.66 on Wednesday, surging by 8% over the past 24 hours from $0.60, a level last seen in the third week of March. The latest upward price action comes amidst important developments in the XRP ecosystem and renewed investor optimism in the market as the accumulation trend intensifies. XRP Accumulation There has…
Tether Holdings Limited reported a record-breaking net profit of $5.2 billion for the first half of 2024, according to its latest assurance opinion for the second quarter. The report, conducted by BDO, highlighted Tether’s increased exposure to U.S. Treasury bills and a significant rise in group equity. Tether Reveals Mid-Year Financials The largest stablecoin issuer…
Former U.S. President Donald Trump announced through a recent post on Truth Social that he is launching a line of Bitcoin-themed sneakers. “Just spoke at the Bitcoin Conference in Nashville, Tennessee on Saturday. It was GREAT! Get your Bitcoin Sneakers now. These are Limited Edition, they are each numbered, and you can now pay with…
While bitcoin briefly reached the $70,000 mark on July 29, the price has since declined. Over the past week, BTC has decreased by 0.6%. During the last 18 days, the Crypto Fear and Greed Index (CFGI) has transitioned from “extreme fear” back to “greed.” From ‘Extreme Fear’ to ‘Greed’ in 18 Days Approximately 18 days…
A new gamified onboarding platform is here to help onboard the next generation of Web3 users. Radix has launched RadQuest, a mobile-ready Web3 experience designed to make Blockchain accessible to anyone. Onboarding has been a challenge for Web3 since its inception, many newcomers feel intimidated and overwhelmed by the heavy use of technical jargon and…
The crypto investment management company has launched a new product called the Grayscale Bitcoin Mini Trust, which has the ticker $BTC. The new offering, endorsed as a spin-off of Grayscale’s Bitcoin exchange-traded fund (ETF) GBTC, has a competitive, “ultra-low” fee of 0.15%. Grayscale’s New Spin-Off Fund Months ago, Grayscale filed for the Mini Trust fund…
SHIB fell by 5% on the weekly chart after bulls failed to control the price. Key Support levels: $0.000014 Key Resistance levels: $0.000018 1. SHIB Remains Bearish Despite a short attempt at breaking the key resistance at $0.000018, SHIB was quick to turn back and resume its downtrend. The current price action is bearish, and…
On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced net outflows of approximately $18.3 million, contrasting with inflows observed in their ethereum counterparts. The most significant gain was recorded by Blackrock’s IBIT, while Grayscale’s GBTC suffered the largest losses. $18.3M Net Outflows in U.S. Bitcoin ETFs; GBTC Hit Hardest The total reduction across the 11…