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Ethereum (ETH) experienced a massive price surge earlier this month. The asset’s price took off after the commencement of the Pectra upgrade. ETH’s rally has since slowed down. Despite the cool off, ETH is still trading in the green zone. The asset is up 2.7% in the daily charts, 4.1% in the weekly charts, 6.1% in the 14-day charts, and 45.5% over the previous month. Despite the incredible breakout, ETH’s price is still down by 32.4% since May 2024. Source: CoinCodex Cryptocurrencies Consolidate As Investments Slow Down Source: BitCoinist ETH’s recent rally was further supported by a spike in institutional investments in the crypto market. Bitcoin (BTC) saw a new peak of $111,814 on May 22. The rally was likely due to a surge in institutional investments. The rally has since slowed down. BTC’s price has fallen to the $109,000 level amid a dip in institutional inflows. ETH’s Pectra was incredibly well-received by the community. The upgrade will likely ...

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Ripple’s XRP had quite a few bullish weeks earlier this month. The asset breached the $3 mark for the first time in seven years. XRP has struggled to gain momentum since its all-time high in January 2018. Also Read: SEC Approves Bitcoin-Ethereum ETF—Crypto Jumps 12% with $100M Inflows! XRP Glows Red Source: CoinPedia Despite the recent upswing, Ripple’s XRP token has faced a significant correction over the last few days. The asset’s price is down 0.9% in the daily charts, 2.1% in the weekly charts, and 7.4% in the 14-day charts. The asset has maintained some gains in the monthly and yearly charts, rallying 44.6% and 505%, respectively. Source: CoinGecko Also Read: Shiba Inu Holders Demand a Solana Bridge: A Collaboration Underway? XRP’s dip could be due to macroeconomic factors. The US dollar is gaining strength and investors are flocking to safer assets. The Federal Reserve has paused interest rate hikes but has not announced a rate cut yet. The Fed also plans o...

The cryptocurrency market seems to be recovering from its recent dip. Bitcoin (BTC), the leading crypto asset, has reclaimed the $99,000 mark after its recent descent to sub-$92,000 levels. The global crypto market cap has also climbed 1.5% in the last 24 hours to $3.64 trillion. Also Read: AMD Stock Target Falls, Is AMD Out of the AI Race in 2025? Bitcoin’s Price Movements Source: Watcher Guru BTC has risen 2.4% in the daily charts, 5.3% in the weekly charts, 4.1% in the 14-day charts, and 132.5% since January 2024. Despite the rally, the asset is down 6.7% over the previous month. Source: CoinGecko Why Is The Asset Rallying? Source: Watcher Guru BTC’s latest rally could be due to rising investor sentiment. Investors may be betting on a market-wide rally after US President-elect Donald Trump assumes office. Trump will be inaugurated into office on Jan. 20, 2025. Also Read: Stellar (XLM) Cryptocurrency Breaks Out: 30% Surge Incoming? Bitcoin (BTC) fell below $92,000 earlier ...

The wider cryptocurrency market entered a strong bull run on November 5, the day that the United States presidential election was held.  In the following weeks, Bitcoin (BTC) struggled to breach the $100,000 price point — and as the deadlock extended, altcoin season came — a period when other cryptocurrencies outperformed the world’s largest digital asset. However, things took a dramatic turn for the worse on December 18, when the Federal Reserve (FED) Federal Open Market Committee (FOMC) meeting was made public. While the bodies did end up going with an expected 25 basis point rate cut, they also announced that only two rate cuts will come in 2025 — whereas investors were expecting to see four. Picks for you Here are XRP key support and resistance levels to watch this weekend 1 hour ago ...

Dollar strength sent the US currency to a new 13-month high on Friday. The Federal Reserve policy stance and forex market trends pushed the US dollar index up 0.08% to 107.15, its highest since October 2023. The global economic outlook remains uncertain amid tensions and volatility. Source: investing.com Also Read: Russia Legalizes Crypto Mining: How It Helps Evade Sanctions How Dollar Strength Affects Forex Markets, Fed Policy, and Global Trends Fed Policy Expectations Drive Dollar Movement Source: FederalReserve.gov CME’s FedWatch Tool shows a 57.8% chance of a December 25-basis-point rate cut, down from 72.2% last week. The Federal Reserve policy has grown more hawkish as inflation persists. Next Friday’s U.S. PCE data will be key for monetary decisions. Source: FederalReserve.gov Global Currency Impacts and Trading Patterns Latest forex market trends show pressure on major currencies. The euro fell 0.05% to $1.0469, hitting a 13-month low. Sterling dropped to $1.25705, i...

After months of easing, the US Consumer Price Index (CPI) has shown that inflation rose to 2.6% in October 2024. Indeed, the figure is up from September’s 2.4% and shows a rising inflation figure for the United States for the first time in seven months. The Federal Reserve had issued its second consecutive interest rate cut in response to the falling inflation. Although it had yet to reach the 2% target, the progress was optimistic, with the figure cooling steadily for more than two years. Now, all eyes are on how the Fed will respond and what the markets can expect for the next several months. https://twitter.com/WatcherGuru/status/1856691010392203358 Also Read: US Inflation Falls to 2.4% in September 2024 US Inflation Reverses, Rises to 2.6% After 7 Months of Cooling For the United States, the ongoing inflation fight has been among its most important battles. Since consumer inflation reached a 40-year high of 9.1% in 2022, the fragility of the country’s economy has been un...

BitMEX founder Arthur Hayes expects Bitcoin to be $750,000 by 2026. Here’s how and why. Love him or hate him, when Arthur Hayes speaks, people listen.  Last week, as a guest on Impact Theory with Tom Bilyeu, Hayes made the case for why he believes Bitcoin (BTC) price will hit $750,000 to $1 million by 2026. Hayes said, “I absolutely agree that there is going to be a major financial crisis, probably as bad or worse than the great depression, sometime near the end of the decade, before we get there we’re gonna have, I think, the largest bull market in stocks, real estate, crypto, art, you name it, that we’ve ever seen since WW2.” Hayes cites the nearly-predictable response of the United States government rushing in to intervene in every economic crisis with a bail out as a key catalyst behind the structural problems in the US economy. He explained that this essentially creates an endless cycle of central bank printing, which leads to inflation and prevents the economy from going throug...

"Highly elevated" CPI numbers due in hours as one theory suggests that there is already no more room for Fed rate hikes. Bitcoin (BTC) rebounded from overnight lows on July 13 as Markets nervously waited for United States Inflation data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Countdown to “highly elevated” inflation reveal Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing from $19,250 to $19,900 at the time of writing, up 3.3% on the day. With three hours to go until the release of Consumer Price Index (CPI) data for June, crypto markets showed little sign of advance volatility. Previously, the U.S. government had warned that the CPI figures were expected to be “highly elevated,” with unofficial projections from other sources indicating a year-on-year inflation increase of nearly 9%. NEW #inflation record high on the year! At least that's what I'm now forecasting for June CPI, released in 5 days I forecast 8.8% year over...