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Economics
Bitcoin Breaks Below Key Technical Indicator, but Appears Poised to Continue Its Flat Trajectory
Wednesday’s Federal Reserve likely decision to raise the interest rate 25 basis points appears to be priced into crypto markets
Bitcoin, Ether Headed Toward Losing Months in Usually Upbeat July
BTC could suffer its second monthly downturn of 2023, while ether seems headed for its first losing month.
Initial Jobless Claims Suggest Continued Fed Tightening, but Investors Appear Unfazed
Bitcoin investors have been unmoved by recent macroeconomic data. Muted reactions suggest that they’ve already priced in much of what has occurred
Can Bitcoin Break Out of Its Funk? The Answer Appears to Be No
While overall bitcoin and ether price performance have been strong in 2023, it’s largely been a first quarter story
Are Bitcoin Miner Sales Preventing Breakout to Higher Prices?
Today’s downside breach below the current low point of Bollinger Band bears watching for even weaker prices in the near future.
XRP Moves Into the Weekly Spotlight, Dwarfing Other Crypto Assets
Along with XRP’s strong week, 172 of 186 CoinDesk Indices assets finished in positive territory
Bitcoin, Ether Maintain Their 2023 Decoupling from Traditional Finance
As bitcoin and ether assert themselves as uncorrelated assets, the impact of macroeconomic catalysts has waned
Bitcoin Shrugs Off Solid Inflation Report, Holds Steady Over $30K
While hourly data showed increased volatility, bitcoin’s daily price movement was relatively calm
Bitcoin Quiets Down in July After a Tumultuous First Half of 2023
While July has historically been one of Bitcoin’s strongest months, the largest crypto by market value’s price has remained range-bound so far this month.
FOMC Minutes Show Uncertainty, Cautious Optimism. Large Bitcoin Investors Are Taking Divergent Paths
The largest and smallest bitcoin whales have added to their holdings, but the group in between has jettisoned some of their tokens.
