Market Overview July 10

Due to strong short-covering, Bitcoin increased 2.5% on Tuesday, moving away from its five-month lows for the second session.

Economic News
10 ก.ค. 2567

Due to strong short-covering, Bitcoin increased 2.5% on Tuesday, moving away from its five-month lows for the second session.

The Mt. Gox platform's repayment process and selling pressure from German government-affiliated wallets are still hurting prices and limiting their increases.

Prices are supported, meanwhile, by a favorable long-term view because traders continue to anticipate a worldwide wave of monetary easing this year.

Prices

At Bitstamp, bitcoin increased 2.5%, or $1405, to $58,102, after hitting a session low of $56,300.

On Monday, Bitcoin increased 1.6%, moving away from its five-month low of $53,550.

Value of the Crypto Market

With the recovery of both bitcoin and ethereum, the market value of cryptocurrencies increased by more than $50 billion to $2.230 trillion.

German Government Coin

Official sources claim that the German Federal Police Agency sent more than $75 million to cryptocurrency exchanges from a government wallet.

Analysts claim that such a transfer was a factor in the prices' continuous declines.

The information demonstrated that the German authorities moved $175 million in bitcoin to several wallets, including $75 million that was routed to Coinbase and other websites.

Robert Thompson

Economic News

Market Overview June 26

The Japanese yen (JPY) fell 0.56% on Friday, while the US Dollar Index (DXY) climbed after Purchasing Managers' Index (PMI) data came in higher than predicted.

Robert Thompson
26 มิ.ย. 2567

Economic News

Market Overview June 19

Following the release of official data showing US consumer prices rose 3.3% y/y in May, down from 3.4% in April, and core inflation rose 3.4%, slowing down from 3.6%, US stock indices rose on Wednesday.

Robert Thompson
19 มิ.ย. 2567

Economic News

Market Overview June 12

US stock indexes dropped on Tuesday as investors awaited crucial data and the Federal Reserve's policy meeting.

Robert Thompson
12 มิ.ย. 2567