Bitcoin, Stock Markets Await Fed’s Policy Meeting

Key Takeaways The U.S. Federal Reserve will publish its economic forecast today, addressing the bond-purchase program and interest rates. The market expects the central bank to maintain its liberal stance to support inflation and economic growth. Bitcoin, gold and stock markets could experience negative price movements if the Fed changes its outlook. Share this article The U.S. Federal Reserve will conclude its policy meeting today and release an economic forecast report pinning down expected growth and interest rates. Markets in Anticipation  Markets globally are eagerly waiting for the Fed’s announcement…

Crypto markets tumble after miners unload 5,000 BTC in one week

The crypto markets are against dropping, with Bitcoin crashing below $33,000 for the first time since May 23 as Ethereum similarly broke below support at $2,500. The downward momentum comes as bearish indicators continue to stack up for Bitcoin, with popular analyst William Clemente III identifying that miners sold more than 5,000 BTC over the past week — worth roughly $164 million at current prices. Miners have sold over 5,000 BTC in the last week pic.twitter.com/5pEvLgIls2 — William Clemente III (@WClementeIII) June 7, 2021 Crypto author Timothy Peterson also highlighted…

Analyst says DeFi and stablecoins held up well as crypto markets imploded

The decentralized finance (DeFi) sector faced its first real challenge during last week’s market sell-off that saw more than $1 trillion wiped from the global cryptocurrency market cap as traders feverishly ran for the safety of stablecoins amid tumbling prices.  Despite rapidly declining token prices, the nascent DeFi sector held its own as decentralized exchanges experienced a record $11.7 billion in trading volume on May 19. Uniswap (UNI) led with $5.7 billion in volume, followed by SushiSwap (SUSHI) which saw $2.8 billion in 24-hour trading volume. Daily DEX volume. Source:…

US FDIC seeks insight on banks’ role in cryptocurrency markets

The United States Federal Deposit Insurance Corporation is looking for information and public comments on banks’ cryptocurrency-related activities. The FDIC is the major provider of deposit insurance to U.S. commercial and savings banks, originally created to address bank runs during the Great Depression.  On Monday, the FDIC officially announced a request for public input to get more information on the industry and consumers’ interests in the market as well as the role of banks in the digital asset ecosystem. “Banks are increasingly exploring several roles in the emerging digital asset ecosystem,…

5 crypto stories that didn’t need Musk’s Twitter antics to move markets

There’s more to crypto than Elon Musk’s frequent (and frequently misguided) tweets on the subjects of Bitcoin and Dogecoin. And although the brilliantly visionary CEO / SEC-baiting memeking may have positioned himself as a news cycle unto himself, crypto news has the power to influence major price action across the altcoin markets — particularly if you can be the first to react to it. Rumors and news are the true tectonic forces behind the cryptocurrency market’s dynamics. Extensive research by the Cointelegraph Markets Pro data team suggests that three types…

Bitcoin markets record deepest retracement since Black Thursday: Raoul Pal

Investment strategist Raoul Pal has identified that Bitcoin’s fortnightly relative-strength indicator, or RSI, recently fell to levels not seen since the “Black Thursday” crash of March 2020.  The Global Macro Investor and Real Vision Group CEO also noted Bitcoin’s weekly RSI has crashed to levels comparable to that of the corrections produced during “the first part of the 2017 bull run, before Bitcoin hit hyperspace.” The observation was made after Bitcoin crashed roughly 15% over the weekend, with BTC dropping from $55,000 to find support near $47,250 on Sunday, according…

Markets Pro sounds the alert as RUNE, DOGE and XRP skyrocket

It’s been a spectacular week for the Cointelegraph Markets Pro VORTECS™ Score, which alerted subscribers to several of the top crypto asset price movers hours before the price began to climb. DOGE analysis Dogecoin (DOGE) has been the standout performer of the week, confounding analysts who look for fundamental strengths in an asset — the meme coin may not have much of a team, or a genuine use-case, but it has Elon Musk, Mark Cuban… and the support of their millions of fans. Dogecoin crossed the 80 VORTECS™ line on…

Coinbase NewsQuake drives Markets Pro gains as Enjin soars

The so-called “Coinbase Effect” has been analyzed multiple times by data firms like The TIE and Messari, and the verdict remains clear: Crypto traders who pounce on new Coinbase listings within seconds of their announcement often see substantial gains. Which is why this week’s VORTECS™ Report focuses primarily on a couple of big wins for subscribers to Cointelegraph Markets Pro through the NewsQuake™ service, which delivers market-moving news directly to a dedicated Discord channel and via in-browser alerts at breakneck speed. NewsQuakes™ are sourced from a real-time aggregation engine, collated…

DeFi’s money markets are finally luring in institutional investors

Bitcoin’s bull run from last year has caused even some of its biggest skeptics to soften their stance. From economists to hedge fund managers, the world is opening itself up to technology, and at the center of this movement is decentralized finance, or DeFi. While the market capitalization of all cryptocurrencies has hit $2 trillion, worth as much as Apple, it’s the promise of DeFi — a small corner of the blockchain industry today — that’s grabbing the attention of institutional investors. As Bitcoin’s (BTC) bullish trend persists, interest-bearing crypto…

Storage coins rev up gains as Markets Pro rides the green wave

It’s been another great week for altcoins as the total market capitalization of all cryptocurrencies moves within spitting distance of the $2 trillion mark. And it’s been equally positive for the Cointelegraph Markets Pro platform, which tracks crypto market conditions and real-time headline news in the blockchain industry to deliver market intelligence for every investor. Markets Pro offers two unique features: The VORTECS™ Score, an algorithmically-derived weighted score that compares current market conditions to historically-similar marketscapes, and NewsQuakes™ — the industry’s most rapid aggregator of market-moving news, analyzed and collated…