A survey of 835 institutional traders from 60 different global locations revealed that 72% have no plans for crypto trading in 2023, according to data released by JPMorgan. According to the survey, most traders had no interest in crypto trading because of market volatility. 46% of the traders said volatile markets’ would be their greatest…
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Bitcoin fell 4%, bottoming at $20,400 following news of the U.S. Producer Price Index (PPI) coming in better than expected. December 2022’s PPI came in at 6.2% year-over-year (YoY,) less than the expected 6.8% rate. The data signaled an easing of inflationary pressure, giving scope for the Fed to slow its current pace of interest…
Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events. None of the information you…
The cryptocurrency market is projected to grow at a 7.2% compound annual growth rate (CAGR) from 2022 to 2030, according to a report by Research and Markets. The report attributes the growth to a number of factors including increased acceptance of digital currencies, monetary regulation fluctuations and emerging opportunities in both developed and emerging markets….
Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events. None of the information you…
Investment manager VanEck’s head of Digital Assets Research Matthew Sigel predicts Bitcoin (BTC) will hit $10,000 to $12,000 in the first quarter, which will mark the bottom of the bear market. Sigel added that prices will fall to these levels “amid a wave of miner bankruptcies.” Energy crisis renders mining unprofitable In the company statement, Sigel…
On Dec. 13., a further decline of CPI to 7.1% was met by an expected rally in equities and a drop in the U.S. dollar and treasury yields. On Dec. 14., Powell increased interest rates by 50bps to a new federal funds rate target of 4.25%-4.5%. Encouraging CPI Headline inflation slowed from 7.7% to 7.1%,…
Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events. None of the information you…
The total crypto market cap recorded inflows of $27.2 billion in the last 24 hours to post a four-week high of $871.4 billion. This suggests investors’ confidence is returning following the FTX scandal and wider, ongoing macro factors. Total crypto market cap The previous market cap local top of $1,064.4 billion was achieved on Nov….