By Jordan Lyanchev Bitcoin experienced its most impressive weekly rally in three years last week when it surged from under $65,000 to almost $80,000 in the span of less than 48 hours. Such explosive moves are typically followed by a sharp retracement as investors tend to secure profits, especially following weeks and months of sideways […]
Tag: BTC
By Jordan Lyanchev After one bitcoin’s most volatile and impressive weeks, the cryptocurrency market has turned its attention to important US macro news to be announced in the next five days. The analysts at the Kobeissi Letter highlighted several such events scheduled next, but three stand out for the crypto industry: the July PCE inflation […]
By Jordan Lyanchev The winds have changed in the cryptocurrency markets, and this is particularly evident in the exchange-traded funds tracking several assets, such as Ripple’s native token. Although they were mostly in the green, the spot XRP ETFs struggled for months with little to no actual demand, especially in August. However, this changed for […]