Crypto rallies into weekend, bitcoin heads for its best week since January 2021
Many have suggested bitcoin is undergoing a narrative shift among the banking crisis. The cryptocurrency's price moves, however, are still heavily influenced by inflation and Federal Reserve rate hikes.
"I still don't see enough evidence to think the Fed will back off its higher-for-longer stance, even if it stops hiking rates," said Callie Cox, U.S. investment analyst at eToro. "High rates are tough for speculative crypto to survive in. I also think it's extra important to understand how your investments make money, and what the risks are. High rates can cull the herd, and the big could get bigger.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin retreats to $24,000, and NYDFS says Signature closure not tied to crypto: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Gilbert Verdian of Quant reacts to the closure of Signature and Silvergate and what it means for crypto businesses.
Read more »
Crypto Observers Believe U.S. Banking Crisis Could Strengthen Crypto Ecosystem in the Long TermMarket observers say the ongoing banking clampdown on crypto-focused companies has both benefits and drawbacks in the long term, brushing off bearish sentiment. By shauryamalwa.
Read more »
Crypto Long & Short: Finding Alpha in AI-Related CryptoThere are large differences between crypto and TradFi, but the process of researching investing opportunities may not be all that different. In this week's issue of Crypto Long & Short, GWilliamsJr_CMT shares 3 AI projects.
Read more »
Explaining the Signature Bank Collapse and Crypto Impact | CoinMarketCapThe past weekend saw the second most valuable stablecoin, $USDC, depeg as a result of banks failure, including Silvergate and Silicon Valley Bank. CMC discusses how and why Signature Bank collapsed, and the impact on the crypto industry.👇
Read more »
U.S. maternal-mortality rates spiked in 2021 and the racial gap increased, new data showsIn 2021, more than 1,200 U.S. women died of causes related to pregnancy or childbirth, according to the CDC.
Read more »