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Dogecoin price hits a two-month high amid speculations that Twitter’s rebrand to X would add a DOGE payment option.
Bitcoin is down to one-month lows, and BTC price predictions are tending to assume worse is to come — how much lower can bears manage?
PLUS: BTC's positive vibes may be waning as outflows from BTC investment products rose for the first time in weeks. But mining is in a better state than it was a year ago.
The U.S. central bank has been telegraphing its intent to renew rate hikes for weeks. ThePersonal Consumption Expenditures report arrives Friday, but cryptos and other risk-on assets have been largely immune to macro events.
Bitcoin-related funds saw outflows of $13 million over the past week, reversing five weeks of bullish inflows, according to Coinshares analyst James Butterfill.
Digital asset investment products recorded outflows last week for the first time since mid-June, CoinShares reported.
Regulatory uncertainty surrounding Binance, the largest crypto exchange, tends to weigh on crypto prices.
Worldcoin price soared to $3.58 shortly after launching but traders and crypto advocates have many concerns.
MKR looks primed to continue the rally given its recent buyback mechanism and two other key metrics that impact Maker’s price.
Bitcoin price is down today as investors expect the Federal Reserve to raise rates and crypto whales send record amounts of BTC to exchanges.
- 19:48US Bitcoin ETFs Net Inflows 789 BTC, Ether ETFs Net Inflows 13 ETH on 28 NovemberUpdated data on the X platform shows a net inflow of 789 BTC ($75.14 million) into the U.S. Bitcoin ETF and a net inflow of 13 ETH ($47.5 million) into the Ether ETF on 28 November.
- 19:47Capitol Macro: German, Spanish inflation data provide room for ECB to accelerate rate cutsInflation data from Germany and Spain mean the European Central Bank could accelerate the pace of rate cuts in December, said Andrew Kenningham, an economist at Capital Macro, in a report. German inflation held steady at 2.4 per cent in November, while Spanish inflation climbed to 2.4 per cent from 1.8 per cent in October.Kenningham said the data so far suggests that Capitol Macro's expectations that eurozone inflation would rise to 2.2 per cent in November, from 2.0 per cent in October, were too high. He added that given that the risk of inflation picking up again is diminishing and the risk of a prolonged period of stagnant growth is increasing, this provides a strong case for the ECB to accelerate the pace of interest rate cuts in December, raising its rate cut estimate to 50 basis points from 25 basis points.
- 19:46Dollar could rise if Trump implements tariffs: economistThe dollar could rise further if US President-elect Donald Trump proposes new trade tariffs, Vasileios Gkionakis, an economist at Aviva Investors, said in a report.
