2022-9-23 14:05 |
Macroeconomic factors and centralization concerns are putting pressure on Ethereum's price post-Merge.
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The spike in Ethereum trading volume seen in February has all but disappeared amid the current economic and humanitarian crisis gripping the world. As macroeconomic trends take center stage, much of the cryptocurrency sector has been left in the shadows — a marginal player amid the worsening crisis, Ethereum is no exception.
2020-4-4 21:10 | |
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Coinspeaker Ethereum Outlook: What Can Alter Its Deficiency in GrowthDespite the rather poor performance of ETH this year, from a macroeconomic point of view, Ethereum validation among financial institutions has increased markedly.
2019-12-11 15:50 | |
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Bitcoin (BTC), a digital currency not bound by the traditional rules of fiat, may seem nebulous and useless, but geopolitical and macroeconomic events are quickly proving its viability. Over the past week, Hong Kong has.
2019-6-13 15:00 | |
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The cryptocurrencies are here to stay and that assertion seems to be felt in the market in the midst of a storm-plagued by negative macroeconomic data, global recession, oil conflicts and a relentless trade war that has generated the case in traditional markets.
2019-5-21 18:43 | |
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The use of blockchain technologies and cryptocurrencies has immense potential to revolutionize the industry and the whole economic system. From identity management to macroeconomic applications such as CBDCs, ever since the birth of DLTs, many have their eye on the evolution of this technological innovation.
2018-8-3 02:05 | |
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Last week, the Fed cut its federal funds target rate by 50 bps to 5.00% p.a. (upper limit) which could have strong implications for the crypto community, says Andre Dragosh, head of research Europe, CoinShares.
Traders betting on Fed fund contracts are pricing in a 65% implied probability of rates cut to a 4.5-5% range. PLUS: Circle announces partnership with Polymarket
"Rarely has the market gone into the Fed meeting with maximum uncertainty (halfway between 25bps and 50bps)," Marc Chandler, chief market strategist at Bannockburn Global Forex
Recent soft economic and inflation data combined with rate cuts this week in Europe and Canada have investors rethinking expectations about Fed policy.
Higher yields are taking a toll on traditional assets as well, with the Nasdaq sinking 1.2% to its lowest level since early June.
A brisk slowdown in GDP fails to offer any direction for crypto markets, with Bitcoin slowly clawing back lost ground below $30,000.
The latest price moves in bitcoin (BTC) and crypto markets in context for March 22, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.