"Talk of the town this week is the latest jump in bond yields, most notably U.S. Treasurys, as investors continue to position for an accelerated tightening timeline. The market is now pricing in at least [four] rate hikes this year, with the probability of a [fifth] ticking up this week. While a lot of headlines have focused on nominal yields, it’s the recent spike in real … [Read more...] about Bitcoin Dips Below $40K During Broader Asia Market Sell-Off
Dips
Silvergate Bank's Quarterly Net Income Dips 9% to $21.4M
Crypto-focussed Silvergate Bank's Q4 net income dipped nearly 9% to $21.4 million from $23.5 million in Q3.The bank's digital currency customers grew to 1,381 at the end of December from 1,305 at the end of September, according to an announcement on Tuesday.Average digital currency customer deposits also increased to $13.3 billion from $11.2 billion.Meanwhile, the bank's … [Read more...] about Silvergate Bank's Quarterly Net Income Dips 9% to $21.4M
Bitcoin Trading Volume Dips; Dogecoin Rallies
Kuptsikevich is especially concerned about further declines in ether, the world's second-largest cryptocurrency by market capitalization after bitcoin. If momentum continues to deteriorate, he anticipates a worst-case scenario of $1,300-$1,700 ETH, which is roughly 50% below current price levels. Source link … [Read more...] about Bitcoin Trading Volume Dips; Dogecoin Rallies
Crypto Traders See $343M of Liquidations as Bitcoin Dips Below $40K
On Monday, bitcoin fell to a three-month low, hitting $39,692.03 after the largest cryptocurrency by market capitalization saw a steady decline, possibly caused by speculation that the Federal Reserve could move quickly to tighten monetary conditions in the face of fast-rising inflation. Source link … [Read more...] about Crypto Traders See $343M of Liquidations as Bitcoin Dips Below $40K
Market Wrap: Bitcoin Dips as Dominance Over Ethereum Shrinks
Bitcoin was down about 4% over the past 24 hours along with equities on Wednesday. The intraday sell-off occurred after the U.S. Federal Reserve pointed to a possible interest rate hike in March, which is sooner than many had expected.But despite the price dip, some analysts expect BTC will stabilize in a range of between $40,000 and $50,000, which could keep volatility … [Read more...] about Market Wrap: Bitcoin Dips as Dominance Over Ethereum Shrinks