Tag: markets

Price of Gold Spikes Over $2,060 per Ounce While Risk Assets Continue to Capitulate – Markets and Prices Bitcoin News

[ad_1] On Tuesday, the price of gold soared to new heights as an ounce of the precious metal surpassed $2K per ounce during the early morning trading sessions (EST). Hours later, gold tapped a high of $2,064.27 per ounce as the Russia-Ukraine war and global commodities surge has fueled demand. Gold’s Value Surges Higher Amid Commodities Boom Gold is exchanging hands for prices not seen since August 2020, as the Russia-Ukraine war has caused a significant demand for barrels of oil, commodities, energy stocks, and precious metals. During the last…

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President of Central Bank of Peru Criticizes Crypto, Citing Lack of Intrinsic Value and Climate Change – Emerging Markets Bitcoin News

[ad_1] Julio Velarde, the president of the Central Bank of Peru, attacked the value of cryptocurrencies and referred to negative effects they are said to have on the environment. In a recent interview with local media, Velarde said the Bank did not consider bitcoin a payment method. Instead, Velarde referred to it as a “highly volatile financial asset,” that people purchase for this volatility risk. President of Bank of Peru Blasts Crypto Julio Velarde, the president of the Central Bank of Peru, recently shared his opinion and the…

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Cardano to Reach $58 by 2030 According to Finder’s Poll – Markets and Prices Bitcoin News

[ad_1] The case of Cardano and its price potential has been examined by Finder in its latest panel poll. According to the opinion of the analysts consulted, cardano’s price will reach $58 by 2030. The panel also predicted that the smart contracts-enabled, peer-reviewed currency will finish this year with a price of $2.72. Cardano to Jump 168% by the End of 2022 Cardano’s future is bright according to the latest analyst poll made by Finder, a comparison website and money app. In its latest Cardano-centric report, a panel…

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Bitcoin ‘whales’ and ‘fishes’ pause accumulation as markets weigh March 50bps hike odds

[ad_1] An uptick in Bitcoin (BTC) supply to whales’ addresses witnessed across January appears to be stalling midway as the price continues its intraday correction toward $42,000, the latest data from CoinMetrics shows. Whales, fishes take a break from Bitcoin The sum of Bitcoin being held in addresses whose balance was at least 1,000 BTC came to be 8.10 million BTC as of Feb. 16, almost 0.12% higher month-to-date. In comparison, the balance was 7.91 million BTC at the beginning of this year, up 2.4% year-to-date. Bitcoin supply in addresses with…

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Central Bank Governor Says Kenya’s Position on Cryptocurrencies Has Not Changed – Emerging Markets Bitcoin News

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[ad_1] Kenya’s position on cryptocurrencies is still unchanged the governor of the Central Bank of Kenya (CBK), Patrick Njoroge has said. Njoroge latest remarks come as Kenya continues to cement its position as one of the countries on the African continent that has the highest adoption of cryptocurrencies. CBK’s New Stance of Cryptocurrencies to Be Unveiled Soon The governor of the Central Bank of Kenya (CBK), Patrick Njoroge, has said Kenya’s stance on cryptocurrencies remains unchanged. Njoroge, who made the comments soon after the CBK’s monetary policy announcement, revealed however…

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Precious Metals, Cryptocurrencies, Stock Markets Falter Following Powell’s Rate Hike Statements – Economics Bitcoin News

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[ad_1] Equities, crypto markets, and precious metals did well during the early morning trading sessions on Wednesday, just before the U.S. central bank wrapped up its Federal Open Market Committee (FOMC) meeting. While the Fed said in a statement that the benchmark interest rate would rise soon, the central bank’s lead Jerome Powell said the committee “is of a mind to raise the federal funds rate at the March meeting.” Powell’s statements following the meeting, alongside discussions of reducing the balance sheet, were viewed as hawkish among investors and global…

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Bitcoin Dominance Sinks to Lowest Level in 3 Years as Ethereum, Numerous Competitors Gain on BTC – Markets and Prices Bitcoin News

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[ad_1] Bitcoin dominance has dropped to the lowest level in just over three and a half years since June 3, 2018, at 37%. Last year, at the end of March, bitcoin dominance hovered just above the 60% zone but since then, numerous digital asset market caps have swelled in value and gathered prominence in the market rankings along the way. Bitcoin Dominance Dips Below 38% The crypto economy currently has roughly 12,247 crypto assets traded across 542 exchanges worldwide. Crypto markets have shed more than 7% over the last 24…

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OKEx shared insights on trading, regulation, DeFi and more during recent Markets Pro AMA

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[ad_1] Founded in 2017, OKEx is a centralized cryptocurrency exchange based in Seychelles. According to CoinGecko, OKEx is the world’s third-largest cryptocurrency brokerage, with nearly $12 billion in trading volume within the past 24 hours. The exchange lists 312 coins and 518 cryptocurrency trading pairs. It’s often difficult for new cryptocurrency enthusiasts to navigate the complex world of trading and finance. OKEx seeks to bring such sophisticated trading methods to everyday users’ disposal by providing a simple interface. During an exclusive ask me anything (AMA) session with Cointelegraph Markets Pro…

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Zanzibar Government Keen to Get Stakeholders’ View on Cryptocurrencies – Emerging Markets Bitcoin News

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[ad_1] Zanzibar is keen on getting stakeholders’ views on the viability of adopting digital currencies before a final decision is made, a government minister has said. The Importance of Getting the Views of Stakeholders In his remarks during an interview with The Citizen, Mudrick Soraga, who is the Minister of State, revealed his government is planning to meet stakeholders in the third week of November. Soraga also explained why such a meeting is necessary. He said: We are seeking views on the matter before deciding whether it is viable or…

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Crypto markets tag $3T combined market cap for first time

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[ad_1] With Bitcoin trading within 2% of its all-time high while Ethereum, Solana, and Polkadot push into previously uncharted price ranges, CoinGecko estimates that the combined cryptocurrency market cap has broken above $3 trillion for the first time. According to CoinGecko, the total crypto capitalization broke into new highs above its previous record of $2.62 trillion on Oct. 20 and has increased by a further 14.5% in less than three weeks. The combined crypto market cap had previously topped out at a peak of nearly $2.62 trillion on May 12…

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