Week Financial News

Bitcoin (BTC) saw a welcome break from downside at the Wall Street open on April 13 as United States equities opened in the green.

In the last 24 hours alone, the global market cap has tumbled more than 5 per cent to $1.85 trillion. It was over $2.05 trillion a week ago. That said, the volumes have remained strong in the digital token market.Crypto tokens fell ahead of Tuesday’s US Consumer Price Index report, said OKX research team.

Paris Blockchain Week Summit (PBWS), a flagship European blockchain conference hosted at Palais Brongniart in Paris, started on Wednesday with an all-star cast. Fresh after announcing its French version, Cointelegraph has set up a team for the event to present the latest updates for the event in a real-time fashion. 

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) starts the second week of April with a whimper as bulls struggle to retain support above $40,000.

Bitcoin price failed to clear the USD 43,500 resistance zone and dropped below the USD 42,000 level before recovering. It is currently (04:18 UTC) showing bearish signs near USD 42,170 and remains at a risk of a move towards USD 40,500. BTC is now down almost 2% in a day.

Bitcoin (BTC) dropped from a high of $47,200 on April 5 to a low of $42,107 on April 8, indicating possible selling by short-term traders who may have preferred to lock in their profits. However, the price action is still stuck in a tight range during the weekend, indicating that supply and demand are in balance.

Incredible as it may seem, digital fashion has developed so much that it already needs its own fashion week with all that implies: from the shows and presentations of new collections to public talks and parties with true DJs. The first-ever digital fashion week took place March 23-27 in Decentraland, a decentralized virtual social platform on the Ethereum blockchain.

Waves (WAVES) lost around half its value in April so far and risks further correction due to weakening technical and fundamental factors.

Since its ATH in may last year, Maker (MKR) has been on a persistent decline. On its daily chart, the alt witnessed an 11-month trendline resistance that served as a strong selling point to date.

Bitcoin price has been consolidating above $44,500 for quite some time. Even the 1 April downtick failed to move below this support level, further strengthening the bullish outlook.

The top 100 alts have seen some high-flying coins and tokens in recent weeks. So naturally, an investor such as yourself might be wondering if it’s time to expand your portfolio. While scanning CoinMarketCap, you might have met STEPN [GMT], a BEP-20 token and the #79 biggest crypto by market cap.

Bitcoin, the largest cryptocurrency, has impressed investors with its bullish metrics of March. In one of the most interesting metrics, the outflow of Bitcoin from exchanges in the past 30 days reached the 100K mark.

Another day, anotherDeFi hack as this popular Ethereum based lending protocol suffered a multi-million dollar exploit. Inverse Finance, a lending-focused decentralized finance protocol, lost more than a $15 million loss.

In spite of being a controversial asset whose backing has often been questioned, Tether [USDT] was the third biggest crypto by market cap at press time, with more than $82 billion to its name. Adding to that, USDT is the lifeblood of not just the crypto industry but also the booming DeFi sector.

Inflows into digital asset investment products reached USD 180m last week. The figure marks a decline from a revised number of USD 244m the week before, when inflows reached their highest level since 2021, according to the crypto investment firm CoinShares.

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.

By WazirX The new cryptocurrency tax policy is now active and has led to a significant drop in trading volumes on major Indian crypto exchanges. Given that the overall market is moving towards the upside, it is likely that the activity has moved towards the grey market to avoid taxation.Pressure on SEC increasesMichael Sonnenshein, the CEO of the world’s largest digital asset management firm Grayscale, mentioned in an interview that it might sue the SEC if its application to convert its Bitcoin trust into a Bitcoin ETF is rejected. This comment might stem out of frustration as Grayscale’s GBTC, which has over 30.6 billion dollars in AUM, has been trading at a discount of approximately 25 per cent from its NAV (net asset value).

Bitcoin (BTC) starts a new week and a new quarter as if it were starting the new year — at just over $46,000.

U.S. stock index futures were flat during overnight trading Sunday, after the S&P 500 posted a third straight week of gains.

Minutes from the Federal Reserve’s March meeting and remarks from Fed officials highlight a relatively light week for economic data.