Author: Ethan Carter
Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.
Main Highlights:Bitcoin’s inability to climb past $118,000 likely triggered profit-taking from short-term traders, leading to a decline towards $107,000.Many significant altcoins have faced resistance at their upper limits, indicating that sellers remain active during price rallies.Bitcoin (BTC) bulls are striving to keep the price above $111,000, although selling pressure from bears persists. Glassnode’s latest Weekly Market Impulse report noted that the recent BTC recovery lacks increased participation, suggesting a potential “consolidation phase.”A cautious perspective was shared by crypto market intelligence firm 10x Research, which indicated that BTC’s current bull cycle might not extend beyond the usual four-year timeline, as BTC…
Avalanche is emerging as a favored blockchain for governments and institutional investors, despite its native token still being significantly below its all-time high.In the last quarter, Wyoming’s Stable Token Commission launched the first government-backed stablecoin, the Frontier Stable Token (FRNT), on Avalanche along with six other public blockchains, illustrating a rising adoption of blockchain technologies by government entities.FRNT debuted as a fully collateralized stablecoin, secured by US dollars and short-term US Treasury bills with a mandated 102% reserve requirement, as reported by Cointelegraph in August.Avalanche has also drawn interest from traditional finance sectors. SkyBridge Capital, led by Anthony Scaramucci, committed…
Welcome to the latest edition of the institutional newsletter, Crypto Long & Short. This week, we bring you:Andy Baehr from CoinDesk Indices shares a “Vibe Check,” discussing the dynamics of two markets — fast money and slow money.Sam Ewen from CoinDesk explains why internet-native communities desire internet-native currencies and how stablecoins serve as the natural bridge.In our “Chart of the Week,” we take a closer look at the decline of Ethena’s USDe and the factors behind it.As always, feel free to connect with me on LinkedIn for any topics you’d like to see in future newsletters. Thank you for being…
Main Highlights:Bitcoin’s decline intensified following the Federal Reserve’s 25 basis point interest rate cut.The downturn in crypto indicates that traders are considering macroeconomic challenges such as a weakening job market and inflation, even as they expect interest rate cuts to persist into 2026.Bitcoin (BTC) price dropped to $109,200 just before the US Federal Reserve announced a 25 basis point interest rate cut on Wednesday. While traders might have anticipated a level of caution before Fed Chair Jerome Powell’s announcement, BTC’s decline of 6% from its Monday peak of $116,400 may have been sharper than expected, especially given that analysts anticipated…
A significant downturn in crypto has escalated into a steep decline following unexpected hawkish comments from Federal Reserve Chairman during his post-policy meeting press conference.”A rate cut in December is not guaranteed,” Powell stated in his opening remarks, which surprised the markets that had anticipated a 90% chance of another rate cut at the Fed’s final gathering of the year.The response was swift, with bitcoin BTC$113,421.04 dropping around $2K to the current $109,600, now down 5% in the last 24 hours and mostly giving back its significant gains from earlier this week.Stocks also declined in response to Powell’s statement, shifting…
The cryptocurrency market is experiencing a significant downturn today, with Bitcoin’s price dropping to $111,000 from a weekly peak of $116,500, causing the total valuation of all tokens to decrease to $3.76 trillion. Summary The cryptocurrency market faced a crash following the Federal Reserve’s rate cut. Most cryptocurrencies saw significant declines as liquidations surged by 75%, totaling $557 million. The downturn coincided with a $164 million drop in open interest. The majority of cryptocurrencies are seeing losses, with tokens such as Aster, Story, Cronos, and Conflux being among the worst performers, each dropping over 5%. Crypto declines after Fed announcement…
The Japanese investment bank Mizuho has referred to Visa (V) as the “stablecoin of stablecoins,” suggesting that the payments company has become an essential component of the global stablecoin framework.According to a recent report, Visa’s growing network of over 130 stablecoin-linked card programs across more than 40 countries, with spending increasing fourfold year-over-year, positions it centrally in blockchain-based payments.Stablecoins are cryptocurrencies whose value is pegged to other assets such as the U.S. dollar or gold. They are vital in cryptocurrency markets, facilitating payment infrastructure and international money transfers. Tether’s USDT leads as the largest stablecoin, followed by Circle’s (CRCL) USDC.Mizuho…
Coinbase (COIN) will announce its third-quarter earnings on Thursday after the market closes, with Wall Street anticipating a revenue beat.According to FactSet, analysts predict the crypto exchange will report earnings per share (EPS) of $1.14—up from $0.28 in Q3 last year—and revenue of $1.8 billion, an increase from $1.2 billion for the same period in 2024.However, this optimism is not consistent. Analysts from JP Morgan, Barclays, and Compass Point agree on the strength of blockchain rewards, USDC yields, and trading activity but differ significantly on the implications for profitability and the potential value Coinbase could generate from its Layer-2 blockchain,…
Stellar Lumens (XLM) has seen a 1.53% increase in the last 24 hours, moving from $0.3168 to $0.3177, driven by a trading volume surge of 134% over its 30-day average. This controlled price movement amid high volume suggests that institutional investors are accumulating rather than retail traders pushing the price.XLM slightly exceeded the overall cryptocurrency market performance by 1.23%, stabilizing between $0.315 and $0.325 after bouncing back from a low of $0.3162. The reduction in short-term volume indicates a decline in distribution, with solid support forming above $0.32 in anticipation of the upcoming Protocol 24 upgrade.The increase in volume without…
As expected, the U.S. Federal Reserve has reduced its benchmark interest rate range by 25 basis points, setting it at 3.75% to 4.0%. Also anticipated, the Fed is set to finalize the reduction of securities on its balance sheet by December 1, thus concluding the “quantitative tightening” phase.”Job growth has slowed this year, and while the unemployment rate has slightly increased, it has remained low through August,” according to the bank’s policy statement. “Inflation has risen since earlier this year and is still somewhat elevated.”Notably, there was some dissent regarding the rate cut, with Kansas City Fed President Jeffrey Schmid…