Crypyo News

Labor market data also surprised to the upside. Weekly jobless claims fell to 220,000, below the expected 230,000, signaling continued strength. Continuing claims edged lower to 1.87 million. Fed’s Hawkish Tone Weighs on Sentiment The Federal Reserve’s revised forecast of only two rate cuts in 2024, down from four previously anticipated, fueled Wednesday’s selloff. Although … Read more

A British Court has authorized seizure of assets worth £2.7 M including cryptocurrencies from controversial influencer siblings Andrew Tate and Tristan Tate over unpaid taxes. The court had observed that Tate brothers failed to pay taxes on £21 million from the earnings generated in their online businesses between 2014 and 2022, that include their crypto … Read more

The rebound is modest as traders stay focused on recent changes in Fed economic projections.

Chainalysis announced today that it has acquired Hexagate, an Israeli Web3 security company. Hexagate uses machine learning to identify unusual transactions and patterns across blockchain networks. Hexagate’s products have helped prevent the loss of more than $1 billion in customer funds. Big companies like Coinbase and Consensys, among others, have patronised the firm. Hexagate is … Read more

The better-than-expected U.S. GDP Growth Rate report put pressure on precious metals markets.

Cryptocurrency exchange WhiteBIT has announced plans to enter the US market after experiencing substantial growth in recent years. The company has seen a fivefold increase since 2022, marked by new international offices, a team exceeding 1,100 employees, and partnerships with organizations such as FC Barcelona, Turkish FC Trabzonspor, the Ukrainian National Football Team, VISA, and … Read more

In the bond markets, 10-year US Treasury yields surged to 4.506%, the highest level since May 31, as the Fed signaled a pause on further rate cuts. Fed Delivers a ‘Hawkish’ Interest Rate Cut On Wednesday, the Fed lowered interest rates by 25 basis points to 4.25% – 4.50% as widely expected. However, the FOMC … Read more

Bitcoin dipped below $100,000 on Wednesday night, dropping 6% in 24 hours to trade at $99,0477, following comments from U.S. Federal Reserve Chair Jerome Powell.  Powell rejected the idea of the U.S. forming a national Bitcoin reserve, stating that the central bank is “not looking for a law change” and is not allowed to hold … Read more

LTC/USD weekly price chart. Source: TradingViewThe breakout target, calculated by measuring the triangle’s height, projects a move toward $230, aligning closely with the 0.5 Fibonacci retracement level. Key moving averages support the bullish outlook. The 20-week EMA at $90 and the 50-week EMA at $81.75 are trending upward, signaling renewed buyer interest. However, Litecoin’s recent … Read more