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Markets
First Mover Americas: Bitcoin Falls to $26K; Is $24K Next?
The latest price moves in crypto markets in context for May 25, 2023.
Bitcoin's 'Ichimoku Cloud' Suggests Deeper Drop Toward $24K: Technical Analysis
Ichimoku Cloud, created by Japanese journalist Goichi Hosada in the 1960s, is widely used to gauge momentum and trend strength.
Stablecoin Market Shrinks for 14th Straight Month, Posing Potential Headwinds for Crypto Prices
The contraction of the stablecoin market suggests that the crypto market is still in its bear phase, macro analyst Tom Dunleavy said.
Crypto Markets Recoil From Latest Yellen Concerns About Debt Ceiling Impasse
Treasury Secretary Janet Yellen reiterated her comments from just three days ago about the U.S. running out of cash if lawmakers can’t reach an agreement. Crypto and other asset markets dropped.
Bitcoin’s Declining Correlation With Stocks Revives Its Appeal for Investors: K33 Research
The correlation of BTC’s price with the NASDAQ index has fallen to 17-month lows, making the asset attractive again for portfolio diversification, crypto research firm K33 noted.
First Mover Americas: Bitcoin Dips Below $27K After Hot UK Inflation Report
The latest price moves in crypto markets in context for May 24, 2023.
Bitcoin, Ether Slip as UK Core CPI Reaches Highest Since 1992
The annualized 3-month trend in UK core CPI is running at a whopping 13.6%, per the UK Office of National Statistics.
'Chinese Ethereum’ Conflux Draws Spotlight as Hong Kong Welcomes Retail Traders
CFX tokens initially spiked in price after Hong Kong’s decision on retail investors, which some say could lure capital from Chinese investors.
CoinDesk Indices Trend Indicator Hints at Continued Downturn for Bitcoin, Ether
Bitcoin and Ether’s streak of monthly gains is in danger of ending.
Bitcoin Jumps to Key Price Resistance as Hong Kong Opens Crypto Trading for Retail Investors
The crypto's short-term outlook also may depend on the ongoing U.S. debt ceiling drama.
