Markets

Bitcoin (BTC)’s price spiked on Wednesday following the latest Federal Open Markets Committee (FOMC) meeting, at which the Federal Reserve announced no changes to interest rates. The decision keeps the central bank’s benchmark rate between 5.25% and 5.50%, and pushes back investors’ hopes of a more dovish pivot for markets in the near term. Bitcoin traded for $62,000 one hour before the announcement, before shooting to $64,600 as the updated benchmark rate was revealed. In a...

Bitcoin’s recent dip to $60.8K mounted concerns about the sustainability of the rally. It was the biggest single-day decline in a fortnight as a result of a decline in inflows of spot Bitcoin ETFs on the same day. The downturn was widespread, with several altcoins following Bitcoin’s suit. Despite this price correction, the bullish sentiment is still prevalent and is backed by Santiment’s MVRV Opportunity & Danger Zone Model, which signals a shift in altcoins’...

In a groundbreaking move that signals a significant shift in the music industry’s future, TunedCoin, managed by the Music Blockchain Research Foundation, is now capturing the attention of savvy investors with its recent launch on the Azbit crypto exchange. Since its debut on March 15, with an initial TUC/BTC pairing at 0.0000025 BTC, the token has seen an impressive ascent to 0.00000268 BTC by 3 PM EDT on March 18. This performance not only highlights the market’s...

NFTFN, a frontrunner in web3 fintech, has launched the presale for its native token, NFTFN. This has generated considerable interest among crypto enthusiasts, who are actively participating in the presale. While future performance is uncertain, the project’s growing popularity suggests potential for growth. NFTFN positions itself as a bridge between decentralized finance (DeFi) and the non-fungible token (NFT) market. Their flagship product, SuperNova (SNV),...

Solana price started a downside correction from the $210 zone against the US Dollar. The price is now trading below $180 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support at $170 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $170 and $160 support levels to start another increase. Solana price is correcting gains below $180 against the US Dollar, like Bitcoin. SOL is...

Bitcoin price started a downside correction from the new all-time high at $73,835 against the US Dollar. The price is now trading below $65,000 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $71,000 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $60,000 support zone. Bitcoin price is correcting lower below $65,000 against...

Binance disclosed in its 16th proof-of-reserves (PoR) snapshot that its assets exceeded $100 billion as of March 18. The exchange views this milestone not merely as an “arbitrary number” but as evidence of continued trust in Binance and a strong indication of the crypto markets’ solid performance. Binance’s User Asset Holdings Surge In a blog post, the company revealed that its user assets under custody have surged, more than doubling from $40 billion as the year began to...

Analysts at the Bitfinex crypto exchange say that alternative cryptocurrencies (altcoins) have remained resilient amid Bitcoin’s (BTC) approximately 12.5% correction in the past week. According to the latest Bitfinex Alpha report, the altcoin market’s resilience is demonstrated in the Total3 index, which reached a new cycle-high market capitalization of $788 billion on March 14. Although the index has fallen by 14% due to the broader market correction, its plunge is less than...

Grayscale CEO Michael Sonnhenshein has promised to lower the management fee of the company’s spot Bitcoin ETF, whose above-average cost has led to overwhelming outflows in recent months. In an interview with CNBC on Monday, the executive promised that the fee will drop over time as the crypto ETF market matures. “I’ll happily confirm that, over time, as this market matures, the fees on GBTC will come down,” he said. Upon converting into an ETF on January 11, the fund dropped...

TL;DR Coinbase added Arkham (ARKM) to its observation list, leading to a brief price spike, and announced the delisting of another cryptocurrency amid a market decline. Binance updated its platform with new trading pairs and contracts, temporarily halted Solana (SOL) withdrawals due to network congestion, and expanded its trading bot pairs. The leading cryptocurrency exchange – Coinbase – continues implementing amendments to its platform to enhance user experience. Most...