Market Analysis

As of March 22, the Fed’s balance sheet surged by nearly $94.5 billion — a $297 billion increase from the last week when the banking crisis started. New QE hopes boost Bitcoin price Overall, the U.S. central bank’s liabilities increased by $393 billion in the last two weeks to $8.734 trillion. That is closer to the all-time high

Bitcoin NFT inscription activity has remained strong with consistency in the daily number of NFTs inscribed on Bitcoin. At the same time, the infrastructure to foster Bitcoin trading is finally coming together with the development of wallets and marketplaces supporting Ordinals. NFT marketplaces, Gamma and Magic Eden, added support for Bitcoin NFTs this week. While

On March 23, Bitcoin (BTC) price recovered the $28,000 support after a brief correction below $27,000. The movement closely tracked the traditional financial sector, particularly the tech-heavy Nasdaq Index, which gained 2.1% as Bitcoin surpassed the $28,000 threshold. On March 22, the Federal Reserve raised its benchmark interest rate by 0.25%, but hinted that it

Bitcoin (BTC) returned to near $29,000 on March 23 as bulls ignored news of a fresh United States regulatory crackdown. Bitcoin shrugs off Coinbase, Do Kwon arrest Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining almost 8% versus its overnight lows to challenge nine-month highs on Bitstamp. The pair kept the volatility coming as

Our weekly roundup of news from East Asia curates the industry’s most important developments. Chinese crypto billionaire sued by SEC On Mar. 22, the U.S. Securities and Exchange Commission, or SEC, announced charges against Chinese blockchain personality and billionaire Sun Yuchen — better known as Justin Sun — and three of his wholly-owned companies Tron Foundation

Arbitrum developers announced an airdrop of its governance token, ARB, to eligible users and DAOs on the Ethereum Layer-2 platform. An average user received around 625 ARB tokens, which corresponds to around $625 to $1,250, according to pre-launch trading prices and popular estimations. The prospect of earning free money has instilled excitement around users looking

Bitcoin (BTC) may “take out shorts” to crack $30,000 during the day’s key United States macroeconomic policy updates, analysis says. As bets pile up over how BTC price will react to the Federal Reserve’s decision on interest rates, $30,000 is in sight — but a drop to below $20,000 is not off the table. Trader

Bitcoin’s (BTC) price broke above the February 2023 highs of $25,200 after U.S. inflation data was in consensus with the market expectation. The potential fallout of the global banking system further promoted Bitcoin investment as a non-correlated global hedging instrument similar to gold in March. The correlation between gold and BTC has been rising since

Bitcoin (BTC) starts a new week in an unmistakably bullish position as it passes $28,000. Crypto markets continue to climb on the back of the banking crisis, which still rages in the United States and abroad — where will they go next? After a week of chaos for macro markets and solid gains as a

The price of Bitcoin (BTC) surpassed $28,000 on March 21, but according to two derivatives metrics, traders aren’t very ecstatic after a 36% gain in eight days. Looking beyond Bitcoin’s stellar performance, there are reasons why investors are not fully confident in further price upside The recent rescue of Credit Suisse, a 167-year-old leading Swiss

Bitcoin (BTC) hit new nine-month highs on March 17 as the latest events in the growing United States banking crisis boosted crypto markets. Banking crisis volatility sees $27,000 BTC price Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $27,025 on Bitstamp before consolidating. At the time of writing, the pair circled $26,500 with

The total crypto market capitalization increased by 26% in seven days, reaching $1.16 trillion on March 17. Bitcoin (BTC) was the biggest winner among the top 20 coins, up 31.5%, though some altcoins gained 50% or more during the period. The surge in cryptocurrency prices occurred as the United States Federal Reserve was forced to

In 2023, Bitcoin (BTC) and Cathie Wood’s Coinbase (COIN) investment are finally outperforming Warren Buffett’s popular “crypto bet” in Brazil’s fintech giant Nubank (NU).  Bitcoin vs. crypto-exposure stocks NU, COIN As of March 17, Bitcoin’s price is up nearly 55% year-to-date (YTD). In comparison, Nubank has risen by only 26%. Meanwhile, another crypto-exposure asset, namely Coinbase stock (COIN), has

The rejection that followed Bitcoin’s (BTC) rally to $26,500 may appear to be a victory for bears, but $24,750 on March 14 was the highest daily close in nine months. Furthermore, Bitcoin has gained 26.5% since March 10, when the California Department of Financial Protection and Innovation shut down Silicon Valley Bank (SVB). The recent

Bitcoin (BTC) kept bears sweating near $25,000 on March 15 as encouraging macroeconomic data combined with concerns over banking crisis contagion. PPI offers “great signs” on Fed pivot Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering from a 24-hour comedown to see highs of $25,273 on Bitstamp. The pair reacted positively to the

The previous six months should have been extremely beneficial to Ether’s (ETH) price, especially following the project’s most significant upgrade ever in September 2022. However, the reality was the opposite: Between Sept. 15, 2022 and March 15, 2023, Ether underperformed by 10% against Bitcoin (BTC). The ETH/BTC price ratio of 0.068 had been holding since

Bitcoin (BTC) received a substantial boost this week as United States inflation levels for February were in line with market expectations. On March 14, the BTC/USD pair surged to a 2023 peak at $26,550 after the news. But, while the macroeconomic conditions may currently favor risk-on buyers, certain on-chain and market indicators hint at a potential correction

The price of Bitcoin (BTC) increased by 28% between March 12 and 14, reaching $26,500, its highest level since June 2022. Some may attribute the gains to the Consumer Price Index’s (CPI) 6% year-over-year increase in February, even though the figure was in line with expectations. The inflation metric reached its lowest level since September

Bitcoin (BTC) begins a new week with a bullish surge above $22,000 as the United States Federal Reserve injects liquidity into the U.S. economy. In a move which can rival any classic Bitcoin comeback, BTC/USD is up a full 15% off the two-month lows seen on March 10. The volatility — and temporary relief for

Bitcoin (BTC) hit its highest since the start of the month on March 13 as U.S. bank stocks saw the largest mass halt in history. BTC price sees “phenomenal” rebound Data from Cointelegraph Markets Pro and TradingView tracked a thoroughly bullish hourly candle for BTC/USD, which reached $23,725 on Bitstamp. The move was eagerly anticipated by