By Emir Abyazov The US Federal Reserve has attracted a lot of attention from cryptocurrency investors awaiting decisions that could significantly affect the Bitcoin price. Amid the consolidation of the main cryptocurrency’s price around $94,000, upcoming economic events may set a new trend, especially given the increasing dependence of crypto assets on macroeconomic indicators in […]
Tag: ISM
By Emir Abyazov A recent report by the New York Digital Investment Group (NYDIG) revealed a significant shift in Bitcoin’s market behavior. The research shows that the leading cryptocurrency is forming a new pattern of movement that is not in line with risk assets. At a time when the S&P 500 index was showing declines […]
By Emir Abyazov A fresh analytical report from trading firm QCP Capital contains a troubling statistic: the Bitcoin, Ethereum, and S&P 500 index markets ended the quarter with their worst performance in three years. Since Friday, the cryptocurrency market has lost more than $160 billion in capitalization, indicating a challenging start to the second quarter […]