Last week, the cryptocurrency market showed moderate growth. Bitcoin surged 3.2% to $65,602, while Ethereum advanced 2.9% to $2,657. The key driver was the Fed’s decision to cut interest rates by 50 bps on September 18. This caused the dollar to weaken in the global FX market and increased investors’ interest in risk-sensitive assets. The […]...
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Bitcoin is the key driver for the entire crypto market, with a market share of 53.8%. Since March 11 (196 days), the price action has been trending sideways in a broad range of $49-74k. On September 27, the upper end of the range crosses through $69,400. As soon as buyers break above this mark, we […]...
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The listing of the new HMSTR token, associated with the game Hamster Kombat, on cryptocurrency exchanges has attracted considerable attention of market participants, leading to a number of notable consequences. Out of 300 mln players, 131 mln have received Hamster Kombat tokens. Distribution was carried out based on user activity in the game, which should […]...
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I can suggest several potential headwinds that the TON network might face over the next few days due to the Hamster Kombat airdrop. First of all, there is a risk of a significant slowdown in the speed of transactions and an increase in the time required for confirmation. This could result in strong dissatisfaction and […]...
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Concerns about Mt. Gox withdrawals from four wallets are understandable given the history of the exchange and its impact on the market in the past. That said, I do not view this as a major negative for the current state of the bitcoin market. First, it should be noted that the amount of funds withdrawn […]...
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It is still too soon to talk about a full-fledged revival of interest in altcoins or the beginning of a new alt season. The upside in ETH against BTC that we have been seeing is most likely a technical rebound after a protracted period of weakness in the ETH/BTC pair. The 5-fold increase in transaction […]...
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The past week was quite eventful and favorable for the entire cryptocurrency market. All top 10 coins by capitalization showed an upward trend. Ethereum was especially well bid, up more than 11%. As a result, the main altcoin even outperformed bitcoin, which spiked 7.5%. The main upside driver was the outcome of the FOMC’s September […]...
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BlackRock calls bitcoin a unique global risk hedge. How can BTC act as such if it’s a risk-sensitive asset? Bitcoin is known to be a volatile and risk-on asset. However, its uniqueness as a hedge lies in the fact that its long-term upside and risk drivers differ fundamentally from traditional assets. Here are the key […]...
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The crypto industry we once knew “is in crisis because it fails to provide any dopamine to either builders or traders”. This is the conclusion reached by CryptoQuant CEO Ki Young Ju. Ju’s analysis of the crypto industry does point to certain problems and changes in the industry. He notes a decrease in the dopamine […]...
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Crypto growth requires a strong push and shove. The point is that there is nothing on the horizon for crypto that could push up prices substantially. The Fed does not count, since the regulator’s rate action is priced in and changes in it will likely be minimal. So, what then could cause crypto to “go […]...
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