Category: Cryptocurrency News

The new bill will also compel cryptocurrency exchanges to hand over information that could assist police in criminal investigations.

I decided to create this post after seeing the number of people getting scammed increase. The statement in the title is something you should generally live by, and it is especially true when you are dealing with the stock or crypto markets. There is no free or easy money in this world. You would have…
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What do you all recommend as to current defi staking with minimal risk? After cefi screwed so many people and many defi platforms are fighting off hacks, I want to stake (less than 32 eth) to support the protocol and also generate some yield. I don't want to put my coins in lido or defi…
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Welcome to the Daily General Discussion thread. Please read the disclaimer and rules before participating.   Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading,…
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Microstrategy (MSTR) has “outperformed every asset class and big tech stock” since the company adopted a bitcoin strategy and started accumulating the cryptocurrency in its corporate treasury, says CEO Michael Saylor. The pro-bitcoin executive will be stepping down as the CEO of Microstrategy and take the role of the company’s executive chairman to focus on […]

It can no longer be denied that the price of bitcoin is being heavily influenced by the macro environment. The stock market correlation had hit a new all-time high earlier in the year, and the crypto market is yet to decouple from it. Given this, bitcoin investors would do well to react accordingly and pay attention to the stock market for a possible forecast of where the bitcoin price may be headed, and here are some reasons why. Institutional Investors Are Here The call for institutional adoption had been loud throughout the last few years, and these big players had actually begun to move into the market. While this had come with a lot of positives for bitcoin, such as increased demand, it had also inadvertently tied bitcoin’s price to the stock market, which these big players are very visible. The result of this had been a stronger correlation of bitcoin to the trends happening in the stock market. This means that whatever affected the institutional investors in the stock market due to the financial situations had also flowed over into bitcoin. Hence, if the stock market was going down, bitcoin is now more likely to follow it. And what’s more is that bitcoin actually does this with more volatility, causing a larger swing in price compared to the stocks. Correlation with stock market remains high | Source: Arcane Research So if institutional investors are forced to sell their stocks, as was recently seen, it also flows into bitcoin. Hence, when there is forced selling in the stock market, there is also forced selling in crypto. So a decline in the stock market means a decline in bitcoin price. Rising Interest Rates Affect Bitcoin 2022 has put the financial markets through a lot of hurt, and it has gotten worse with the level of inflation being recorded. The Fed has had to come up with new ways to combat this, which has led to a dramatic rise in interest rates. BTC trading at $23,516 | Source: BTCUSD on TradingView.com These rising interest rates have been one of the major reasons behind bitcoin’s decline. Recall that the decline in the crypto market had actually started when some big players in the space had failed, but it was further pushed forward when the Fed announced the March interest rate hike that moved the fund’s rate from 0% to 2.25%-2.5%. This is why paying attention to the macro environment is important to try to predict the future of bitcoin. Given its present correlation with the stock market and how the price had reacted to the hike in interest rates, staying abreast of the movements in the stock market as well as how the Fed is handling interest rates puts an investor in a position to make the best-informed decision. Featured image from GOBankingRates, charts from Arcane Reseach and TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

Please any body knows hot to make a call tp the eth network to genrate an address without any app or intermidiary app? submitted by /u/VividLeave6195 [link] [comments]

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