statis IN Watchlist

Nifty 50

Nifty Bank

Reliance Industries Ltd.

Zomato Ltd.

Tata Consultancy Services

Tata Motors Ltd.

HDFC Bank Ltd.

ITC Ltd.

Bitcoin

Adani Enterprises Ltd

Axis Bank Ltd

Bajaj Finance Ltd

statis US Watchlist

SPDR S&P 500 ETF

Invesco QQQ Trust Series 1

Apple Inc.

Tesla Inc

Microsoft Corporation

NVIDIA Corp

 Hey, I want to invite you to join Stocktwits. It’s the largest global community of active traders. You’ll get access to the real-time market insights, news, discussion and much more! You can sign up using my unique link below 
 


 has invited you to join Stocktwits

The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) index, came in hotter-than-expected in March, showing prices in the U.S. kept on rising. This reading, the latest sign that inflation is not cooling as quickly as desired, could lead the Fed to maintain higher interest rates for longer, a negative for risk on

Fed’s Inflation Gauge Heats Up, Rate Cuts on Hold as Bitcoin and Stocks Slide

Bitcoin ETF data begins, GBTC sees $82.4 million outflow. Investor sentiment weakens ahead of upcoming Fed meeting. Continue Reading: Crypto Market Trends and Predictions

Crypto Market Trends and Predictions

Excitement is mounting for the BlockDAG project following a teaser of an upcoming keynote video from the moon, signalling a groundbreaking development in crypto investments. This buzz draws attention to the presale success, where investors have already shown substantial interest by contributing $20.8 million as we explore the best 6 cryptos to invest in, including The post BlockDAG’s 30,000x ROI Outshines SHIB, FLOKI, VET, PEPE, and BOME in the Best Cryptos Arena appeared first on Live Bitcoin News .

BlockDAG’s 30,000x ROI Outshines SHIB, FLOKI, VET, PEPE, and BOME in the Best Cryptos Arena

Uncertainty still dominates the cryptocurrency markets. Bitcoin struggles below $67,000 as analysts watch whale movements. Continue Reading: Insights on Cryptocurrency Market Trends and Predictions

Insights on Cryptocurrency Market Trends and Predictions

Billionaire investor Anthony Scaramucci, the founder of SkyBridge Capital, recently discussed the viability of financial assets. He took to X, a social media platform previously known as Twitter and owned by Elon Musk, to highlight the decreasing purchasing power of the United States dollar in comparison to the potential of Bitcoin (BTC). US Dollar Vs. Bitcoin Value Performance In the post on X, the SkyBridge Capital founder pointed out that a dollar from 2020 is now only worth about 75 cents, underscoring a significant devaluation due to inflation. Related Reading: Is A $72K Bitcoin Surge On The Horizon? Glassnode’s Latest Analysis Points To An Answer According to Scaramucci, this scenario illustrates why investors should reconsider traditional fiat currencies as a reliable store of value, advocating instead for the inherent benefits of digital assets like Bitcoin. Dollar from 2020 is now worth 75 cents. Buy Bitcoin credit @balajis pic.twitter.com/WzIosKfJv2 — Anthony Scaramucci (@Scaramucci) April 26, 2024 Scaramucci’s critique comes at a time when the global economy grapples with heightened inflation rates, which have eroded the real value of fiat money. He specifically cited a “25.14% compounded inflation rate” as a critical indicator of why the dollar is losing ground. In contrast, Bitcoin has not only maintained a strong profile but has also appreciated in value, further cementing its position as a viable hedge against inflation and a potential safe haven for investors. So far, Bitcoin’s market performance has been quite appealing. Particularly, despite the significant downturn experienced in the past few years, the asset has managed to come out of the bloodbath and recently soared to an all-time high above $73,000 in March. This peak performance labels Bitcoin as not just a digital asset but a major player in the global financial landscape. However, despite Scaramucci’s bullish outlook, it’s worth noting that Bitcoin has seen its share of volatility. It has been struggling to maintain its appeal recently, with a modest 0.9% increase in the last 24 hours – a slight recovery from a 2% drop over the past week. BTC Shifting Market Sentiments Further insights into the market’s behavior towards Bitcoin reveal changing dynamics. Data from CryptoQuant highlighted a negative turn in the Bitcoin funding rate for the first time since October 2023, indicating a cooling interest in speculative trading on the asset. This shift suggests that while the long-term outlook might still be strong, short-term investor sentiment has become cautious, possibly awaiting clearer signals before making further commitments. The current market sentiment is also reflected in the technical analysis of a prominent crypto analyst, Ali. In Ali’s recent post on X, a notable mention was made of a “death cross” seen in Bitcoin’s 12-hour chart, where the short-term moving average dips below a long-term counterpart, traditionally a bearish signal. Additionally, the Tom Demark (TD) Sequential indicator points to potential price reversals after a consistent trend, adding another layer of complexity to Bitcoin’s trading strategy. Related Reading: Is Bitcoin’s Rally Over? Leverage Drops As Halving Highs Fade: Report Despite these potentially bearish indicators, on-chain data from Santiment shows an interesting trend: Bitcoin whales have increased their holdings significantly, now owning 25.16% of the total supply. This accumulation suggests that while retail sentiment may be bearish, large-scale investors are seeing the dips as buying opportunities, potentially prepping for a future bullish run. Featured image from Unsplash, Chart from TradingView

Expert Makes Bold Call: It’s Time To Swap Your Dollars For Bitcoin

With the price of Bitcoin down by more than 8% over the last 30-day period and as enthusiasm surrounding the launch of spot Bitcoin exchange-traded funds (ETFs) in the United States starts fading, one popular analyst has recently revealed Bitcoin’s 12-hour chart formed a ‘death cross’, a chart pattern reflecting weakness. Bitcoin is at the

Bitcoin Bloodbath: Crypto Analyst Spots ‘Death Cross’ After 8% Price Drop

The purchasers of the “Mugshot Edition” NFTs, from the collection that uses former President Donald Trump’s image, were provided with a bonus of an extra product. NFT INT LLC (the NFT management company) verified the deliverables under the contract, which stated that Bitcoin Ordinals would be part of the deal. These Bitcoin Ordinals are original The post Trump’s Mugshot NFT Buyers Granted Unique Bitcoin Ordinals appeared first on CoinGape .

Trump’s Mugshot NFT Buyers Granted Unique Bitcoin Ordinals

The chairman of the Swiss National Bank has expressed reservations about incorporating bitcoin into the central bank’s currency reserves. He stated that no decision has been made yet to invest in bitcoin, underscoring the necessity for currency reserves to be liquid, sustainable, and easily tradable, given their use in international payments. Swiss National Bank on

Swiss National Bank Chief Raises Concerns About Adding Bitcoin to Currency Reserves

The crypto market is gearing up for the bull run in 2024 attributed to Bitcoin halving. Despite the ongoing uncertainty due to internal and external forces such as the geopolitical tensions in the Middle East and Europe, the market’s long-term outlook is significantly bullish. However, portfolios may not perform well and, therefore, investors should consider The post 3 Crypto To Sell To Avoid Losses In The Bull Run appeared first on CoinGape .

3 Crypto To Sell To Avoid Losses In The Bull Run

Numerous assets on market are defending key support levels

BTC.X Bitcoin

About

Feed

News

Sentiment

Fundamentals