Week Financial News

It has been a volatile yet positive week for cryptocurrencies, as traders ignored the warnings from crypto winter veterans that there was more downside in store and jumped back into the market at the first sign of rising prices. 

Bitcoin (BTC) took a step back as Wall Street trading began on July 22 after recovering most of its previous losses.

Price action across the cryptocurrency market was largely subdued on Thursday, as traders took a day to digest gains over the past week and book profits following the biggest relief rally since early June.

Mortgage rates climbed for the second consecutive week.

Bitcoin (BTC) staged its first test of critical support on July 21 as news that Tesla had liquidated most of its Bitcoin holdings subsided. 

Bitcoin (BTC) touched $24,000 at the July 20 Wall Street open as the good times kept rolling for crypto markets.

Bitcoin (BTC) took aim at $24,000 on July 20 after a night of solid gains put bulls in the driving seat.

Stock futures were flat after the Dow Jones Industrial Average slumped more than 200 points during Monday's session, reversing an earlier rally as earnings season continued in earnest.

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.

Bitcoin (BTC) hovered at $22,000 at the July 18 Wall Street open as analysts warned that bulls would not break resistance  in one go.

Bitcoin (BTC) starts a new week nearing key resistance as the shock of the latest United States inflation data passes — can the strength continue?

Bitcoin (BTC) kept crypto traders, investors, and enthusiasts guessing as a July 15 relief rally registered a high of $21,140. Bitcoin continues to trade in the $20,000-22,000 range. The US CPI data that pegged its quarterly inflation at 9.1%, the highest in 40 years, seems to not have affected the markets as yet. BTC and other crypto assets are following the global stock indices which have been in the green in the second half of the week. On a weekly basis, however, BTC is down by 4.7% and by more than 50% compared to a year back. Celsius Network’s bankruptcy plea dampened the spirits at the start of the week though there have been some positive developments along the way. The story of the week could well be that South Africa is all set to regulate crypto as a financial asset. We discuss this and other stories of the week below. South Africa’s crypto cue for India

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The United States equities markets recovered from their intra-week lows last week, suggesting demand exists at lower levels. On similar lines, Bitcoin (BTC) also recovered from $18,910 last week, indicating that traders may be getting back into risky assets. 

Economists surveyed by The Wall Street Journal expect to see the National Association of Home Builders report that confidence among home builders in the U.S. decreased in July for the seventh consecutive month in the midst of rising mortgage rates.

Polkadot’s native cryptocurrency DOT established a support line near the $6.40 price level after bottoming out in June. It also retested this support level multiple times in the last few weeks. Another retest occurred this week but this time the same support line showed signs of weakness.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.

A new free-to-mint NFT project called The Saudis has become the second most traded collection on major marketplace OpenSea over the past seven days.

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.

Bitcoin, Ethereum, and most cryptocurrencies have continued to gain, strengthening the market. BTC was seen changing hands at US$19,000 on Monday and managed to reclaim the US$22,000 level on Thursday for the first time since mid-June. Bitcoin has been trying to move upwards since June 18th and finally managed to break out from an inverse on July 7th. The bounce back in the price has increased after creating a high low on July 3rd. This bullish trend can often lead to price reversals and can take the price of BTC to US$25,000 in the coming weeks if the consistency is maintained.

Bitcoin (BTC) starts another week in a precarious position near $20,000 ahead of fresh macro upheaval.