Cryptocurrencies remained subdued early on Thursday even as the Dollar retreated, and stock markets rallied. Market worries surrounding the debt deal waned amidst the debt deal Bill progressing to the Senate. Despite the rally in global stock markets that cheered the progress of the debt deal and the decline in inflation in the eurozone, cryptocurrencies are trading lackluster. Comments from […]

Shares of Carvana Co. (CVNA), an e-commerce platform for buying and selling used cars, are rising more than 12% Thursday morning at $14.56. The company today said it received “notable S&P Global Ratings upgrades and revisions of securitization loss assumptions due to capital structure de-leveraging and outperformance of S&P initial assumptions.” “We believe the ratings actions taken by S&P demonstrate […]

Renowned macro investor Luke Gromen has identified a crucial turning point that could potentially propel the value of both gold and Bitcoin. According to a report by The Daily Hodl, in a recent discussion on Blockworks Macro, Gromen expressed his belief that Bitcoin and gold are poised for success regardless of the outcome. Gromen suggests that the moment the market […]

Shares of gold mining company Centerra Gold Inc. (CGAU) are rising more than 10% Wednesday morning after the company said the Turkish Ministry of Environment, Urbanization and Climate Change has approved the the amended Environmental Impact Assessment (EIA) for the Öksüt mine in Türkiye. The company added that it plans to restart full operations at Öksüt in the coming weeks. […]

Tether, the company behind the well-known stablecoin, has announced its expansion into the renewable energy sector and sustainable Bitcoin mining in Uruguay. This move marks a significant diversification of Tether’s operations, extending beyond its traditional financial and communications activities. Tether is planning to invest in renewable energy sources to support Bitcoin mining operations in partnership with a licensed local company. […]

In the latest blog post by blockchain analytics firm Glassnode, the Bitcoin market is described as being in a state of equilibrium, with the potential for increased volatility on the horizon. The report, published on May 29, 2023, provides a comprehensive analysis of the current market conditions and offers a series of on-chain tools to help navigate the potentially turbulent […]

In a follow-up to their historic rally in 2021, Bitcoin, Ethereum, and other cryptocurrencies are presently mired in a lackluster performance, with speculators forecasting a resurgence of the bull run. The value of Bitcoin, despite a near doubling from its lows in late 2022, has found it challenging to rekindle its upward trajectory this year. The Ethereum price tag has […]

Introduction Prominent on-chain analyst William Clemente III, Co-Founder of Reflexivity Research, has shed light on the growing adoption of Bitcoin, revealing remarkable statistics about the number of addresses holding varying amounts of the digital currency. Utilizing data from the blockchain analytics platform Glassnode Studio, Clemente’s findings underscore the increasing participation of individuals in the Bitcoin ecosystem. This report examines the […]

The debt limit deadlock in the U.S. which continued with no resolution in sight dampened market sentiment across asset classes and regions. Monetary policy uncertainties were heightened amidst inflation in the U.K. falling less than expected and anxiety ahead of release of the FOMC Minutes. European benchmarks are trading lower. Wall Street Futures are trading in negative territory. Asian stocks […]