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Market realignment for a single U.S. Federal Reserve rate cut this year has dragged bitcoin and equities lower.However, after a recent rate cut by the Bank of Canada and the European Central Bank, the market expects the Federal Reserve and the Bank of England to follow suit in coming months, analysts said.
Share link:In this post: KuCoin Research reported that the crypto market saw over $1 billion in investments in May, a 10.61% increase from May 2023 but a 6.4% decrease from April. The SEC’s approval of a Spot Ethereum ETF and strong U.S. stock market performance boosted crypto market confidence and capital inflows. Stablecoin market activity varied, with USDe reaching new highs while USDC and FDUSD issuance declined.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liab
Bernstein analysts have raised their price target for bitcoin to $200,000 from $150,000 by the end of 2025.The analysts also initiated coverage on MicroStrategy stock with an outperform rating, targeting a price of $2,890.
Bitget launched BRETTUSDT futures on June 14 , 2024 (UTC) with a maximum leverage of 25x. Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. BRETTUSDT-M perpetual futures: Parameters Details Listing time June 14, 2024 08:00 (UTC) Underlying asset BRETT Settlemen
Zapper introduced a new protocol aims to make on-chain data more accessible to users. It has also planned a ZAP token for the fourth quarter of this year.
The altcoin crypto market may present “some opportunities” for investors after “taking it on the chin” the last four months.
- 08:39Matrixport: The crypto market is waiting for bigger positive catalysts, retail investors' interest remains sluggishChainCatcher news, Matrixport's latest report analysis believes that the White House crypto summit and the confirmation of US strategic Bitcoin reserves failed to ignite market sentiment. The crypto market did not show a significant increase, and the perpetual contract funding rate still hovered at single-digit levels. This indicates that retail investors' enthusiasm remains low, in stark contrast to April and December 2024 when the funding rate had soared to double-digit highs. Even the market momentum brought about by Trump's official inauguration was relatively flat, clearly indicating that for Bitcoin to welcome a new round of increases, it still needs a more influential catalyst.
- 07:37Blockstream Co-founder: The impact of the US Bitcoin strategic reserve is underestimatedGolden Finance reports that Adam Back, co-founder of Bitcoin infrastructure development company Blockstream, posted on X saying: "The impact of the US Bitcoin strategic reserve statement has been underestimated. It has profound significance for the social acceptance of Bitcoin. This statement marks the actual promotion of Bitcoin development by the US government and provides a new authoritative reference for sovereign wealth funds, pension funds and mutual funds to allocate Bitcoin."
- 07:30Data: In the past 90 days, only BERA, BGB and other 17 tokens in the top 100 market value have outperformed BTCNews on March 10, CoinMarketCap market data shows that among the top 100 tokens by market value, only 17 tokens have increased more than BTC in the past 90 days, including BERA (+499%), IP (+81%), BGB (+78%) and so on. Meanwhile, BTC's performance during the same period was -15%. It is understood that the Altcoin Season Index is a new feature launched by CoinMarketCap to measure the popularity of altcoins. It counts how many tokens in the top 100 assets by market value have outperformed BTC. If this number is around 75, then it's likely an Altcoin Season; if it's below 25, then it's probably a Bitcoin Season. Since February 27th, this index has been below 25 for twelve consecutive days.