Fed Keeps Interest Rates at Zero
submitted by /u/Yoshie5 [link] [comments]
submitted by /u/Yoshie5 [link] [comments]
Ahead of Wednesday’s FOMC meeting, cryptocurrency markets were once again trading higher, with polygon (MATIC) being one of today’s biggest gainers. Despite the top 20 mainly trending upward, some in this list were mainly lower during the course of the session. Biggest Gainers Polygon (MATIC), which was one of the biggest gainers within the top […]
COVID. All the predictions of OMICRON disaster were wildly overstated. Here in the UK, ALL restrictions will be permanently abolished from this Saturday. The same in several other European countries. Ukraine. Despite the chest thumping, there will be no major conflagration in Ukraine. Russia cannot afford to lose face and will back down – whilst…
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edit: Things have turned a little sour in the meeting. The follow up press conference didn't sound that bullish. While the minutes indicated that there is no increased rates from what's already planned, JPow had some hawkish undertones in his answers. Nothing sounded too dovish. And he is even now saying there could be increases.…
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submitted by /u/samdane7777 [link] [comments]
During the January crypto derisking carnage, it seems small cap altcoins have come out as the losers as they look to end the month 35% in the red. Small Cap Altcoins Suffer The Largest Losses In January Bloodbath As per the latest weekly report from Arcane Research, it looks like the smaller the coins, the greater have been their losses during the January carnage. Based on the market cap of each crypto, all the coins can be put into different groups. These “market cap weighted indexes” include mainly three divisions, the “large cap index,” the “mid cap index,” and the “small cap index.” The below chart shows how all these major altcoin indexes performed over the month of January as compared to Bitcoin: Bitcoin seems to have been the crypto that has lost the least this month | Source: The Arcane Research Weekly Update – Week 3 As you can see in the above graph, all the altcoin indexes have observed double digit losses in the month of January so far. While the other indexes have registered returns in the negative 20s, the small cap index has been even deeper in the red, observing losses of around 35%, making the index the clear loser for the month. Related Reading | Bitcoin Whales Take Advantage Of Market Crash To Gobble Up Millions In BTC Trailing the small cap index are the mid cap and large cap cryptos, both approaching the end of the month with 28% losses. Bitcoin has been the “winner” this month as its value has fallen slightly less over the month, currently sitting at -26%. BTC’s dominance has also seen a sharp increase over the past week, rising above 40% for the first time since November of last year. The below table shows how the share of the market cap of the top cryptos has changed over the last seven days. BTC’s dominance has risen more than 2% in the last week | Source: The Arcane Research Weekly Update – Week 3 The report suggests that with altcoins losing some of their share of the total crypto market to Bitcoin, it seems the altcoin season may have finally come to an end. Related Reading | Market May Be Suffering But Bitcoin And Ethereum Will Pull Back Stronger, Bloomberg Analyst BTC Price At the time of writing, Bitcoin’s price floats around $37.9k, down 10% in the last seven days. Over the past month, the crypto has lost 25% in value. The below chart shows the trend in the price of BTC over the last five days. BTC’s price seems to have recovered some over the last couple of days | Source: BTCUSD on TradingView Following the crash down to $33k, Bitcoin’s price has rebounded back with sharp uptrend to $38k in the last two days. Featured image from Unsplash.com, charts from TradingView.com, Arcane Research
submitted by /u/neiman30 [link] [comments]
DIA’s listing news generated major attention on the oracle platform as the DIA token’s trading volume skyrocketed by 1000%, with +$120M DIA traded in 24 hours. DIA is now in full-trade mode in Coinbase Exchange and Coinbase Pro, allowing users to buy and sell the token. Launched in 2018, DIA is a cross-chain, end-to-end, open-source oracle platform for Web3, enabling the crowd-sourcing, validation and sharing of transparent and verified data for dApps. DIA’s governance token empowers the community to govern the DIA platform and validate DIA’s crowdsourced data feeds. This Monday, January 24, DIA was listed on Coinbase allowing inbound transfers of the DIA token in the regions where trading is supported. The listing news caught the attention of the web3 community as the volume of DIA skyrocketed by 1000%, with more than $120M DIA being traded within 24 hours. Together with Kraken and Binance, Coinbase is one of the leading web3 platforms for buying, selling, transferring, and storing digital assets. According to Coinbase, approximately 73 million verified users, 10,000 institutions, and 185,000 ecosystem partners are operating on the platform. Currently, DIA is available on Coinbase Exchange and Coinbase Pro with pairs DIA-USD, DIA-USDT, DIA-EUR.
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On January 26, the crypto asset exchange FTX US revealed it raised $400 million in a Series A financing round stemming from investors like Softbank, Paradigm, and Multicoin Capital. The Series A investment in FTX US brings the U.S.-based trading platform’s post valuation to $8 billion. FTX US Reveals $400 Million Capital Raise, Firm Aims […]