Ratings agency Fitch downgraded the United States’ long-term credit rating from AAA to AA+ on Aug. 1, and this move dented the risk-on sentiment. The U.S. equities markets witnessed profit-booking on Aug. 2, and the cryptocurrency market’s recovery stalled in its tracks.However, after the knee-jerk reaction, the markets may settle down. The cryptocurrency markets are
Bitcoin
Bitcoin (BTC) faces a “breakdown” and distribution despite a new macroeconomic paradigm being around the corner.That was one of the conclusions of quantitative Bitcoin and digital asset fund Capriole Investments, which, in its latest update, warned that Bitcoin was “not yet” ready to flip bullish.Capriole: Bitcoin fundamentals say “not yet”United States equities are booming, and
Chinese police is on the hunt for Web3 cofounders — and their money. Gov’t lead blockchain efforts continue in the Mainland. Meanwhile, South Korea mandates insurance protection for crypto exchanges. by Zhiyuan Sun 5 min August 1, 2023 Share Tweet Share Share According to one insider, Chinese police are after Web3 co-founders, not to serve
The price of Bitcoin (BTC) is fluctuating inside a narrow trading range for several days, and Aug. 2 is no different. Why is Bitcoin price stuck?Bitcoinprice fell nearly 1% to around $29,500 on the day. Still, the move downside was part of a flat market trend that started a week ago, wherein the price has traded
The effectiveness of security measures employed by a crypto exchange are useless if the operations are under the control of a dubious CEO. by Ciaran Lyons 14 min August 2, 2023 Share Tweet Share Share So, you’ve deposited some cryptocurrency onto an exchange. You expect that these funds will be held in your name as
The ETF analyst predicted that recent developments in the Ripple vs. SEC case and the upcoming Grayscale lawsuit would be crucial to the first spot Bitcoin ETF approval. 2366 Total views 10 Total shares The chances of approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States have now increased to 65%
A handful of United States asset managers have filed fresh applications to launch ETH futures ETFs. 1696 Total views 12 Total shares Six major asset managers, including Grayscale and VanEck, have filed fresh applications in a bid to launch Ether (ETH) futures exchange-traded funds (ETF) to United States customers.Separate filings submitted to the U.S. Securities and Exchange