2023-5-24 11:51 |
The bank expects digital asset trading volumes to remain subdued, with retail investors remaining on the sidelines.
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New data has revealed that Bitcoin (BTC) mining might no longer be as lucrative as it used to be. Bloomberg has reported that the profitability of Bitcoin mining is nearing a record low, not seen since the days following the collapse of FTX, posing significant challenges for those securing the network. The data indicates that […]
Recent trends in the crypto market have indicated a notable shift in trader behavior, particularly among those investing in Bitcoin. Using data from CryptoQuant, Bloomberg has revealed that the Bitcoin funding rate—the cost for traders to open long positions in Bitcoin’s perpetual futures—has turned negative for the first time since October 2023.
The crypto investment space has reached a notable mark, with trading volumes hitting a high of $30 billion in trading volume last week. This surge, as reported by CoinShares, signifies a pivotal moment in accepting and integrating cryptocurrencies into mainstream financial portfolios.
Total crypto market cap climbed to $2 trillion for the first time since April 2022.
The upcoming week's economic events, including US GDP figures and inflation data, are unlikely to trigger significant moves in crypto markets, despite bullish forecasts for markets and economic sentiment.
This week's economic events, including US retail sales data and Fed Chairman Jerome Powell's speech, are not expected to impact the flat crypto markets, despite escalating geopolitical tensions.
This week's economic events, including the release of core PPI inflation figures, Federal Reserve's meeting minutes, and Consumer Price Index, along with geopolitical tensions, may impact the crypto markets.