Cointelegraph By Marcel Pechman
On Oct. 2, the price of Bitcoin (BTC) saw a 5.5% intraday increase to $28,600 but the largest cryptocurrency by market cap lost momentum as the highly anticipated launch of Ether futures exchange-traded funds (ETFs) failed to generate significant trading volumes. While the recent rally into the upper end...
XRP (XRP) price is up today following news that Federal District Judge Analisa Torres of the Southern District of New York ruled against the United States Securities and Exchange Commission’s (SEC) contention that XRP is a security. XRP immediately reached $0.55, but subsequently gave away part of the gains...
Bitcoin (BTC) price gained 6% from Oct. 1 to Oct. 2 but after failing to break the $28,500 resistance, the price dropped by 4.5% on the same day. This decline happened because of the disappointing performance of Ether (ETH) futures exchange-traded funds (ETFs) that were launched on Oct....
Costco has made headlines this week after it rapidly sold out of gold bars. In times of economic uncertainty and rising inflation, it's no surprise that investors are turning to traditional safe-haven assets like gold. The question is whether gold’s performance will eventually catapult its price above $2,050,...
The United States economy has been facing turbulent times lately, with the U.S. Personal Consumption Expenditure (PCE) inflation index rising by a significant 3.5% over the past 12 months. Even when excluding the volatile food and energy sectors, it’s evident that the efforts made by the U.S. Federal...
Ether (ETH) has seen a 36% year-to-date increase in its price in 2023 in U.S. dollar terms. This recovery, however, is modest given that ETH is currently trading 66% below its November 2021 peak of $4,870. Ethereum vs. Bitcoin: 14-month downtrend and counting Moreover, on Sept. 20, Ether reached its...
On this week’s episode of The Market Report, analyst Marcel Pechman discusses Bitcoin’s (BTC) strength ahead of the United States Federal Reserve’s Federal Open Market Committee (FOMC) meeting, with investors betting on an interest rate freeze.Pechman expresses skepticism about the claim that recent inflation data indicated the Federal Reserve’s...
Cryptocurrency users frequently fall prey to online hacks with Mark Cuban being just the latest high-profile example how nearly a million dollars can leave your digital wallet. It is possible to substantially bolster the security of your funds by heeding three simple guidelines that will be outlined in this...
In the latest episode of The Market Report, Cointelegraph analyst Marcel Pechman delves into Bitcoin’s (BTC) latest bounce at $25,000, which some analysts and influencers argue represents a short-term buying opportunity. Pechman explains that Bitcoin’s inverse correlation with the U.S. Dollar Index has only held for 40% of...
Cryptocurrency markets experienced a relatively calm month in February as the total market capitalization gained 4% in the period. However, the fear of regulatory pressure appears to be having an impact on volatility in March.Bulls will undoubtedly miss the technical pattern that has been guiding the total crypto...
