Hedera, Fantom, XRP, Filecoin prices rise as US inflation dips

The headline consumer price index dropped to 4. 0% in May. The data came as the FOMC prepares to conduct its June meeting. Economists expect that the bank will leave interest rates unchanged. Altcoin prices jumped on Tuesday after the US published encouraging consumer inflation data.

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Markets anticipate rate hike ‘skip’ at FOMC meeting

Quick Take The U. S. Consumer Price Index (CPI) report is due at 08:30 ET today and will influence the outcome of the FOMC meeting tomorrow. April’s year-over-year CPI came in at 4. 9%. May’s is forecasted to come in at 4.

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Bitcoin price slips under $27K, but data shows BTC whales counter trading DXY strength

The U.S. Dollar Index is encroaching on new year-to-date highs, but Bitcoin whale activity suggests this may be a dead cat bounce.

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Bitcoin Price Blasts Above $28,000 Following 4.9% April CPI Report

Bitcoin price may have resumed its bullish momentum, following a cooler than expected April 2023 CPI report. The Consumer Price Index, a key measure of inflation, fell to 4. 9% – lower than the expected 5.

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Kazakhstan’s Bitcoin mining industry has several challenges ahead

In May 2023, Kazakhstan’s share of the global Bitcoin mining hashrate stood at 4%, down from its peak of 18% in October 2021. Kazakhstan’s mining industry boomed between 2020 and 2021, driven by cheap electricity, hosting demand, access to cheap Chinese machines, relaxed regulations, and tax benefits, according to a Hashrate Index report.

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Regional banks extend losses and some paused due to volatility; Bitcoin up 2%

Quick Take Several regional bank stocks were halted due to volatility on May 2 after dropping more than 25%. KBW Nasdaq Regional Banking Index is down a further 4% today; it is down -26% for the year PacWest $PACW: -29% and halted Metropolitan Bank $MCB: -27% and halted Western Alliance $WAL: -25% and halted HomeStreet […] The post Regional banks extend losses and some paused due to volatility; Bitcoin up 2% appeared first on CryptoSlate.

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Bitcoin Futures Index to Debut in Argentina in May

Coinspeaker Bitcoin Futures Index to Debut in Argentina in May A Bitcoin futures index in Argentina is a huge relief as the country is currently struggling with high inflation. Bitcoin Futures Index to Debut in Argentina in May

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Bitcoin [BTC]: What the king coin's FOMO and FUD indicators suggest

Bitcoin's volume in profit and loss ratio dropped to the negative zone. Investors doubted a further price increase even though the fear and greed index rose. Bitcoin [BTC] may have disappoinThe post Bitcoin [BTC]: What the king coin's FOMO and FUD indicators suggest appeared first on AMBCrypto.

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Bitcoin Coinbase Premium Continues To Decline, Buying Pressure Ending?

Data shows the Bitcoin Coinbase Premium has declined recently, suggesting that the buying pressure may be slowing down from the US investors. Bitcoin Coinbase Premium Index Has Gone Down In Recent Days An analyst in a CryptoQuant post pointed out that the market may be shifting towards a more balanced sentiment now.

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Bitcoin Coinbase Premium Surges, What Does It Mean?

Data shows the Bitcoin Coinbase premium index has shot up recently. Here’s what this may mean for the price of the cryptocurrency. Bitcoin 30-Day SMA Coinbase Premium Index Shows Rapid Surge As pointed out by an analyst in a CryptoQuant post, the volatility could increase for the coin in the near future. The “Coinbase premium […]

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Bitcoin Activity Hits Highest Since May 2021 As NFTs Gain Steam

On-chain data shows that Bitcoin network activity is now at its highest level since May 2021 as Ordinals NFTs have been rapidly gaining popularity. CryptoQuant’s Bitcoin Network Activity Index Has Shot Up Recently As per data from the on-chain analytics firm CryptoQuant, the BTC network has seen a significant uptick in activity. The relevant indicator […]

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Nasdaq Crypto Index rose 37.2% in January – amid bullish market sentiment

In a sign of the changing market sentiments, the Nasdaq Crypto Index (NCI) booked monthly returns of 37. 2% in January — the third-highest monthly return since NCI’s inception in May 2020. The post Nasdaq Crypto Index rose 37.

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Solana (SOL): Important Index Shows Altcoin Is One of Most Overvalued

Solana may be overvalued right now, but that is not problem for altcoin

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Emerging markets dominate Chainalysis 2022 Geography of Cryptocurrency Report

The 2022 Global Crypto Adoption Index has released its third report indicating where the market may be heading in 2023. The post Emerging markets dominate Chainalysis 2022 Geography of Cryptocurrency Report appeared first on CryptoSlate.

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Bitcoin Price May Receive Needed Trigger If This Analyst's Observation Comes True

Bitcoin's Relative Strength Index is hovering below 90, very rare bull trigger

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Bitcoin Miners Show Signs Of Dumping, Bad For Rally?

On-chain data shows Bitcoin miners could be dumping right now, a sign that could provide an impedance to the rally. Bitcoin Miners’ Position Index Has Shot Up Recently As pointed out by an analyst in a CryptoQuant post, miners may be putting selling pressure on the market currently.

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Bitcoin Nears $21,000 Level, Rallies 24% In Last Seven Days Post-FTX Mess

Bitcoin is showing some renewed energy. As of writing, the top cryptocurrency is trading at $20,883, leading the crypto market to rally as optimistic investors enter the market. This may seem as a surprise, but with the Consumer Price Index (CPI) data showing an improving economic trend, a further upwards break is possible for BTC.  […]

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Bullish Or Bearish For Bitcoin? CPI Comes In At 6.5%

For the Bitcoin price, the course for the rest of January may have been set today. The question was: Will Bitcoin continue its mini-bull run or will there be a correction? This was decided by today’s Consumer Price Index (CPI) release in the US at 8:30 am EST.

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Crypto Fear and Greed Index Might Be Hinting at Another Plunge

Popular index draws grim picture that may be hinting at yet another BTC plunge

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Bitcoin Bearish Signal: MPI Records Highest Value Since April 2022

On-chain data shows the Bitcoin MPI has surged to its highest value since the April of this year, a sign that may prove to be bearish for the crypto’s price. Bitcoin Miners’ Position Index Has Spiked Up During Past Day As pointed out by an analyst in a CryptoQuant post, this instance is the fifth time that the metric has sent a warning signal.

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Bitcoin Index Shows “Extreme Fear,” Here’s Why It May Be Good Sign

Bitcoin Fear and Greed index has hit the 22 mark, showing “extreme fear”

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DOGE, BNB, MASK Just Might Be Used on Twitter, Analyst Suggests, Here's Why

Here’s how new Binance Bluebird index may be linked to much-anticipated crypto adoption on Twitter

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Bitcoin's Bullish Seasonality Muddled by Continued Slide in 'USD Liquidity Index'

Bitcoin has put in a positive performance in October in eight out of the past 12 years. However, the bullish seasonality may not play out this year, thanks to the declining USD liquidity.

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Has Inflation Peaked In The United States?

Shelter is the highest part of the consumer price index and it is a lagging indicator, meaning prices may have already reached their highest.

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Vietnam Tops The Global Crypto Adoption Index For The Second Year In A Row

Overall adoption hit by bear market but still above pre-bull market levels. Emerging markets dominate 2022 global crypto adoption index. Bear market may not drive away those who put money during the bull phase.

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Has the U.S. Dollar Index (DXY) Completed Its Uptrend?

After months of upward movement, the U. S. dollar index (DXY) may have peaked and initiated a downtrend. In early August, the DXY broke down from its long-term, exponential upward curve, while yesterday it lost another support line that extends to March 2022.

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U.S. Inflation Hits Four-Decade High of 8.6%

The consumer price index data shows that the U.S. annual inflation rate has hit a fresh four-decade record of 8.6%. May CPI Prints at Four-Decade High of 8.6% U.S. inflation...

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When Greed? Bitcoin Market Crushed Under One Full Month Of Fear

Data shows the Bitcoin market has been stuck in a state of extreme fear since the 5th of May, meaning this run of bottom sentiment has gone on for more than a full month now. Bitcoin Fear And Greed Index Continues To Point At An Extremely Fearful Market According to the latest weekly report from Arcane Research, the crypto market is currently going through its longest run of extreme fear since the COVID crash back in 2020.

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Polkadot, NEAR, and Algorand Price Analysis: 16 May

The crypto market abstained from flashing high volatility over the last 24 hours. But with the crypto fear and greed index still hovering in the 'extreme fear' zone, the near-term technicals of PolkadThe post Polkadot, NEAR, and Algorand Price Analysis: 16 May appeared first on AMBCrypto.

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Extreme Fear Back In Focus: Is It Time To Buy Bitcoin?

Data shows the Bitcoin market has again fallen back into a state of extreme fear as the price has plummeted down over the past week. Bitcoin Fear And Greed Index Says Market Is Extremely Fearful As per the latest weekly report from Arcane Research, extreme fear has returned to the BTC market, suggesting now may be the time to buy.

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Bitcoin Price Prediction – BTC in Recovery After Bloodbath

One of the most common questions about Bitcoin’s price is whether or not this is the bottom for cryptocurrency and if this is a good time to buy the dip. According to Wall Street analysts, the Cboe Volatility Index (VIX) fear gauge signals that the bottom may not be so near.

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Sentiment sinks to 4-month low, is it time to accept crypto winter is here?

The Fear and Greed Index fell to 11 on May 9 after the latest crypto market sell-off, representing a 7-point drop from May 8 and placing sentiment firmly within ‘extreme fear’ territory.

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Bitcoin MPI Spikes Up Suggesting Miners May Be Dumping

On-chain data shows the Bitcoin MPI has spiked up recently, suggesting that miners may have started to dump the crypto. Bitcoin Miners’ Position Index (MPI) Has Sharply Risen Recently As pointed out by an analyst in a CryptoQuant post, some data suggests BTC miners may have began to dump the coin following recent rally. The […]

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Analysts Expect Bitcoin to Rise Higher This Week, Here's Why

Santiment data shows that Bitcoin may continue to rise today based on the rise of this important market index

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This Bitcoin Volatility Index Pattern Suggests A Short Squeeze May Be Near

The current Bitcoin volatility Index values suggest that a short squeeze may be near, if past pattern continues to hold. Past Bitcoin Volatility Index Pattern Suggests A Short Squeeze May Happen Here As explained by an analyst in a CryptoQuant post, the BTC volatility index has now reached values where a short squeeze has happened in the past.

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Crypto Fear Reaches Six-Month Peak: Time To Buy Bitcoin?

Fear in the crypto market is now the highest it has been in the last six months, suggesting that now may be the time to buy Bitcoin. Crypto Fear And Greed Index Shows Lowest Value In Six Months As per the latest weekly report from Arcane Research, the fear and greed index reached the lowest values this week since July.

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Despite crackdown, blockchain, metaverse going strong in China

While the Cambridge Bitcoin Electricity Index indicated that China held 0% of the average monthly hashrate share in August 2021, this may not be strictly accurate. According to an investigation by The post Despite crackdown, blockchain, metaverse going strong in China appeared first on AMBCrypto.

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The Dollar Strength Index Rises to a Yearly High

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Rising Inflation Could “Destabilize” Stablecoins And Bring Crypto Industry Down — Coinbase CEO In Search Of Solution

In the US, inflation has been on the rise throughout the entire year. Just last month, the consumer price index (CPI) rose by 0. 3%. While this has been quite a decline compared to April and May when prices rose by 0.

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BTC Hodler Net Position Change Hits 1-Month High, Here’s Why It May Be Good for BTC

According to the data from Glassnode, the value of index that describes change in LT investor holdings has hit a one-month high, this maybe a positive sign

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This Metric Suggests Bitcoin Miners Rarely Catch The Cycle Top

A look at the history of the Miner’s Position Index (MPI) would suggest Bitcoin miners usually sell before the bull run cycle top. The Bitcoin Miner’s Position Index Vs The Price For Various Cycles As pointed out by a crypto analyst on CryptoQuant, the BTC Miner’s Position Index may suggest that miners aren’t good at […]

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Bitcoin May Go Below $30,000 Now That Novogratz’s GLXY Crypto-Related Stock Plunges 63%: Peter Schiff

As the Galaxy Digital Holdings' crypto-related index has dropped 63 percent since April high, Peter Schiff assumes this may be bad for Bitcoin

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Bitcoin may have played a role in Tesla’s decorrelation from Big Tech

The 20-day correlation between Tesla stocks and the Nasdaq 100 index has sharply dropped from 0.83 in mid-June to 0.14 as of this week.

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For the first time this year, Bitcoin's correlation with this index flipped negative

Bitcoin price tried to move away from the support at $32,954, but the price consistently corrected to this price level. This trend has been evident since the fall in May and despite price breaching suThe post For the first time this year, Bitcoin's correlation with this index flipped negative appeared first on AMBCrypto.

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DeFi Bounces to Outperform Shitcoin Index; Compound Kickstarting Round 2 of DeFi Summer?

Decentralized finance (DeFi) space is enjoying some greens again. The total market cap of DeFi is now recording a bounce at over $74. 4 billion, up from just under $61 billion in late June. However, it has a long way to go as on May 12; the peak was at almost $143.

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Macro Market Impact: Bitcoin, Stocks, Gold, and USD Reacts Ahead of FOMC Meeting

While PPI, just like the consumer price index, had its historical increase, retail sales figures actually fell in May, indicating the economy isn’t that hot. Markets are eagerly awaiting Fed chair Jerome Powell’s post-meeting news conference to decide where to next.

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Bitcoin, The New Economic Freedom Index

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May Is Headed to be One of Bitcoin’s Worst Months, Bulls and Bears Fighting for Dominance

There is still very heightened fear in the market, but Bitcoin’s Relative Strength Index (RSI) shows some oversold condition. The crypto industry needs to see “heavy investor inflows” to break out higher and enter the bull mode.

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Fidelity’s Wise Origin Bitcoin Index Fund Surpasses $100m Mark

Fidelity Investments has revealed via a filing with the United States Securities and Exchange Commission (SEC) on May 26, 2021, that its Wise Origin Bitcoin Index Fund I, LP, has raised over $100 million from investors since going live in August 2020.

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