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Stablecoin Market Shrinks for 14th Straight Month, Posing Potential Headwinds for Crypto Prices
The contraction of the stablecoin market suggests that the crypto market is still in its bear phase, macro analyst Tom Dunleavy said.
Bitcoin’s Declining Correlation With Stocks Revives Its Appeal for Investors: K33 Research
The correlation of BTC’s price with the NASDAQ index has fallen to 17-month lows, making the asset attractive again for portfolio diversification, crypto research firm K33 noted.
Bitcoin, Ether Slip as UK Core CPI Reaches Highest Since 1992
The annualized 3-month trend in UK core CPI is running at a whopping 13.6%, per the UK Office of National Statistics.
'Chinese Ethereum’ Conflux Draws Spotlight as Hong Kong Welcomes Retail Traders
CFX tokens initially spiked in price after Hong Kong’s decision on retail investors, which some say could lure capital from Chinese investors.
Bitcoin Jumps to Key Price Resistance as Hong Kong Opens Crypto Trading for Retail Investors
The crypto's short-term outlook also may depend on the ongoing U.S. debt ceiling drama.
Justin Sun Moves $4.3M of MakerDAO's Tokens to Binance: Blockchain Data
Tron founder Justin Sun’s potential sale of MakerDAO’s token – movements of tokens to an exchange often come before sales – coincide with the DeFi protocol’s controversial restructuring.
Crossover Markets Teams With Credit Network Hidden Road to Enable Crypto Trading
The aim of the collaboration is to avoid conflicts of interest by decoupling trade execution from custody and brokerage.
Tether Trading Volume Falls to Multi-Year Lows, Market Cap Rise Is ‘Questionable:’ Kaiko
Trading with Tether’s USDT stablecoin has fallen to its lowest level in four years, while its market capitalization nears an all-time high of $83 billion.
Bitcoin Hovers Below $27K as Fed Chair Powell Makes Modestly Dovish Comments
Nearly 4 out of 5 traders now expect the U.S. central bank to pause its series of rate hikes at its upcoming June meeting.
XRP Bucks Bitcoin-Led Slide in Majors as SEC Case Tilts in Ripple’s Favor
Ripple has historically maintained a distance from XRP, the token that powers some of its products and the XRP Ledger network.
