BITCOIN

Bitcoin’s volatility has fallen below that of the Nasdaq and the S&P 500, according to crypto data provider Kaiko. Compared to equity markets, cryptocurrency markets have become less reactive to volatile macro events, including high inflation, an appreciating dollar, rising interest rates, ongoing war, and the energy crisis, the firm explained. ‘Bitcoin Volatility Is at Multi-Year Lows’ Bitcoin has become less volatile than both the Nasdaq and the S&P 500, according to cryptocurrency data provider Kaiko, CNBC reported. The crypto data firm explained Friday that BTC ’s 20-day rolling volatility has dropped below that of the two stock indexes for the first time since 2020. Clara Medalie, Kaiko’s head of research, told the news outlet: Bitcoin volatility is at multi-year lows while equity volatility is only at its lowest level since July. “Equity markets have certainly been volatile over the past few months due to high inflation, an appreciating dollar, rising interest rat...

Tesla and Spacex CEO Elon Musk expects a global recession to last until the spring of 2024. Musk added that his two companies are in good positions but many others are not. “Recessions do have a silver lining in that companies that shouldn’t exist stop existing,” the Tesla boss said. Elon Musk on Global Recession Tesla CEO Elon Musk shared his thoughts about a global recession in a Twitter thread Friday. The thread was started by Dogecoin co-creator Billy Markus who tweeted: “Coronavirus numbers are actually pretty low. I guess all we have to worry about now is the impending global recession and nuclear apocalypse.” Musk commented: “It sure would be nice to have one year without a horrible global event.” Another Twitter user chimed in, asking Musk: “How long do you think the recession will last?” The Tesla boss replied: “Just guessing, but probably until spring of ’24.” The same Twitter user followed up with the question: “How much worse do you think it will get? Like a little wo...

Quant moved higher for a second straight session on Saturday, as prices rose by as much as 10%. The move sees the token break out of a key resistance level, with many now expecting a move towards $200. Xrp was also higher, extending recent gains in the process. Quant (QNT) Quant (QNT) was up for a second straight day, as prices rose by as much as 10% to start the weekend. Less than 24 hours after hitting a peak of $179.15, the token surged to an intraday high of $193.75 earlier today. Today’s move sees QNT/USD break out of its recent resistance point of $185.00, with many now expecting prices to move back to $200. However, earlier gains have somewhat eased, and as of writing, the token is currently trading at $182.97 Looking at the chart, the 14-day relative strength index (RSI) is now tracking at 60.88, after failing to move past a ceiling of 65.00. Should bulls eventually overcome this obstacle, it is likely that we will see the price move back above $200.00. XRP Another no...

Ethereum was once again trading above $1,300, as cryptocurrency prices rose to start the weekend. Markets were back in the green on Saturday following a volatile week, which came as the U.S. dollar continued to strengthen. Bitcoin also surged higher, moving back above $19,000. Bitcoin Bitcoin ( BTC ) rose back above $19,000 on Saturday, as cryptocurrency markets climbed higher to start the weekend. Earlier in today’s session BTC /USD rallied to an intraday high of $19,237.39, which comes less than a day after hitting a low of $18,770.97. Today’s peak sees the token move away from its recent support point of $18,900, following a false breakout in yesterday’s session. Looking at the chart, the rebound in price has also pushed the 14-day relative strength index (RSI) higher, and it’s now moving towards a resistance point of its own. As of writing, the index is tracking at the 46.35 point, which is marginally below a resistance level of 48.00. Should we see this ceiling broken, the...

Cryptocurrency exchange Binance will be able to offer services for digital assets in Cyprus as the platform is now registered with the country’s securities regulator. The news comes after the company obtained similar approvals in several other European jurisdictions. Global Exchange Binance to Comply With Cyprus Crypto Regulations Binance, the world’s leading crypto exchange in terms of daily trading volume, has received regulatory authorization in Cyprus. Its local entity, Binance Cyprus Limited, was granted Class 3 registration as a Crypto Asset Services Provider (CASP), the trading platform announced Thursday. The regulatory approval issued by the Cyprus Securities and Exchange Commission ( CYSEC ) will allow Binance to offer spot, custodian, staking, and card services, in compliance with the CYSEC’s anti-money laundering and counter-terrorist financing (AML/CTF) requirements. In a press release, the exchange noted that this is another milestone in its regulatory efforts in Eur...