The XRP price continued its strong downward spiral this month, moving to a low of $2 as investors waited for the upcoming Federal Reserve interest rate decision, which will come out on Wednesday. Ripple token was trading at $2.05, down by over 40% from its highest point this year. So, will it rebound ahead of
PNC Bank, one of the largest financial services institutions in the United States, is teaming up with crypto exchange Coinbase to offer direct Bitcoin trading to the bank’s clients. The move to bring direct spot BTC trading to eligible clients of PNC Private Bank makes PNC the first major bank in the US to enable
Bitcoin climbed sharply on Tuesday, rising 4.79% to $94,284, even as strategists warned that the prospects for a sustained year-end crypto rally remain uncertain. The rebound reflects growing expectations of a Federal Reserve rate cut this week, tempered by concerns that policymakers may signal a pause in further easing. The gains extended across the broader
Twenty One Capital began trading on the New York Stock Exchange under the ticker XXI and fell 25% early in its first day, trading at about $10.50. The New York listing follows the completion of the company’s merger with Cantor Equity Partners. The Bitcoin-native firm enters public markets with 43,514 BTC and says it aims
China is tightening access to Nvidia’s most advanced AI chips even as the US approves exports. Microsoft is making a record $17.5B bet on India’s AI future, and Australia has imposed an unprecedented nationwide social media ban for teens. Meanwhile, Bitcoin is surging ahead of the Fed’s decision, setting the stage for a volatile week
The post Bitcoin at three week high, but Fed could throw a wrench in the rally, says Santiment appeared first on Invezz
Cryptocurrencies remained downbeat on Friday, December 5, with sentiment deteriorating across leading assets. Meanwhile, the latest ETF flow stats confirm this weakness, with Bitcoin and Ethereum exchange-traded products struggling as new products attracted fresh funds. BTC ETFs suffer broad-based outflows Bitcoin’s figures were particularly eye-catching. BTC spot exchange-traded funds have been crucial in determining institutional
The cryptocurrency market has opened the new weekly candle bullish, with Bitcoin and other major coins and tokens currently in the green. Bitcoin is up by more than 2% in the last 24 hours and is currently trading close to $92k. However, the recovery has failed to surpass the $93k resistance level, and Bitcoin could
The cryptocurrency sector was green on Monday, as the value of all digital tokens increased by 3% the previous 24 hours to $3.13 trillion. Bitcoin is testing $92,000 after a 3.20% uptick in the past day. The sentiment shift comes as markets anticipate a rate cut during the December 10 Federal Reserve meeting. Amidst the
US stocks edged higher on Monday, with the S&P 500 kicking off the week in the green, leaning on a tech-led rally to shake off pre-Fed jitters. At open, the S&P 500 was trading around 6,875.33, 0.20% up from the previous close, while the Nasdaq was 0.30% up at 23,664.14. The Dow Jones Industrial Average