‘We Live for This Moment,’ Crypto Exec Says of Harsh Market Contraction
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Digital assets and stocks trended slightly higher Thursday after the Fed’s latest hawkish, public stance Fed officials agreed in June interest rates may need to increase at a faster pace to beat back inflation — likely resulting in a 75 basis point hike in July, or higher, in the estimation of a analysts speculate Coming off of the latest US Federal Reserve minutes Wednesday, both cryptocurrencies and equities saw a slight bounce during trading hours on Thursday, but the bear market is far from over, analysts say. James Butterfill, head of research at digital asset-focused investment firm CoinShares, wrote in
Amid the recent market pullback, Solana (SOL) is attempting to reclaim a crucial area to continue with its bullish rally. Some analysts have suggested that the cryptocurrency will likely break out to new highs if a key support level is held. Solana Back Below $200 Earlier this week, the market…
Bitcoin has experienced its second-deepest correction in the current bull cycle, shedding 30% from its all-time high of $109,590 recorded on January 20. The cryptocurrency plunged to $77,041 during the week of March 9–15 before rebounding slightly. According to Bitfinex analysts, the sharp decline was driven by selling pressure from…
According to a report by Kaiko Research, Bitcoin’s market dominance has increased to 54.9% of the total cryptocurrency market cap, reaching its highest level since April 2021. This increase reflects the growing influence of Bitcoin, particularly on the top 50 altcoins, as it continues to outperform other digital assets during…