Marcus Sotiriou - Benzinga

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Articles by Marcus Sotiriou

JP Morgan makes a historical move with new crypto wallet

JP Morgan makes a historical move with new crypto wallet

Bitcoin (CRYPTO: BTC) and crypto markets bounced back today following the continuation of a relief rally in the S&P 500. 137,000 Bitcoin has been removed from exchanges in the past 30 days, as investors lose trust in exchanges and trading platforms which are not transparent.

Bitcoin Miners Capitulate – Is Renewable Energy Mining Inevitable?

Bitcoin Miners Capitulate – Is Renewable Energy Mining Inevitable?

After the total crypto market value reached a high of $999 billion on the weekend, the crypto market has started the week in the red, as Bitcoin has dropped below $20,500. There is increased fear around the Bitcoin mining sector, as some miners are simultaneously going bust.

GDP Grows By 2.6% – What Does This Mean For Crypto?

GDP Grows By 2.6% – What Does This Mean For Crypto?

Bitcoin (CRYPTO: BTC) remains above $20k, as U.S. GDP for Q3 is recorded as 2.6%, beating the expected 2.4% and coming in significantly higher than the previous decline of 0.6%.

Rishi Sunak U.K New Prime Minister – Friend Or Foe For The Crypto Industry

Rishi Sunak U.K New Prime Minister – Friend Or Foe For The Crypto Industry

Rishi Sunak has been chosen to be the U.K.’s next Prime Minister after Liz Truss resigned last week and could be the catalyst the UK needs to attract crypto and blockchain related talent.

Investment Giant Fidelity Plans Crypto Expansion

Investment Giant Fidelity Plans Crypto Expansion

As Bitcoin (CRYPTO: BTC) continues to crab sideways, Fidelity Digital Assets prove their optimism about the long-term prospects of the crypto industry.

$19,000 Holds Firm For Bitcoin – Are We Bottoming Out?

$19,000 Holds Firm For Bitcoin – Are We Bottoming Out?

Bitcoin (CRYPTO: BTC) remains above $19,000, as it could be establishing a floor from $17,600 to around $19,000, before a significant relief rally to the upside. Sell pressure continues to be absorbed, despite the negative macroeconomic news.

Can The New UK Chancellor Provide Relief For Crypto And Stocks?

Can The New UK Chancellor Provide Relief For Crypto And Stocks?

Bitcoin (CRYPTO: BTC) closed last week above $19,000, as it has held up relatively well during economic turmoil.

Many Crypto Platforms Default Whilst Well-Managed Businesses Capitalize

Many Crypto Platforms Default Whilst Well-Managed Businesses Capitalize

Uncertainty defines the current situation around global markets, as concerns of war escalation heightens.

Can Increased Odds Of A Recession Cause Crypto To Rise?

Can Increased Odds Of A Recession Cause Crypto To Rise?

After a painful week for the stock market in the U.S., the S&P 500 had its best day since July, growing by 2.59%. S&P 500 futures are also up over 1.8%. This has led Bitcoin to rise over 4% overnight. This rise in the stock market resulted from weak manufacturing data that came in yesterday. The U.S.

Total Volume Of Crypto Brokers And Decentralised Exchanges Increase Over September

Total Volume Of Crypto Brokers And Decentralised Exchanges Increase Over September

Optimism in global markets has decreased further, as there are concerns around the solvency of banking giant Credit Suisse. Their stock price has dropped by over 60% this year alone. Most of the recent fears have arisen after a report released from ABC Australia, which said, "A major international investment bank is on the brink".

Can The Fed's Decision Lead To A Short-Term Rally?

Can The Fed's Decision Lead To A Short-Term Rally?

Volatility is scarce in the crypto market, with Bitcoin (CRYPTO: BTC) hovering around $19,000, but extreme volatility is due today. Many investors are currently sidelined, as they eagerly anticipate the news of the Federal Reserve (U.S.

Investors Remain Cautious Before The Fed Make Their Move

Investors Remain Cautious Before The Fed Make Their Move

Bitcoin (CRYPTO: BTC) and the crypto market saw a significant bounce yesterday, before finding resistance at $19,666 – the 2017 bull market top, a key resistance.

Bitcoin Bull Cathie Wood says Deflation Is In The Pipeline Ahead Of Today's U.S. CPI data

Bitcoin Bull Cathie Wood says Deflation Is In The Pipeline Ahead Of Today's U.S. CPI data

Bitcoin (CRYPTO: BTC) is leaning bullish heading into today’s critical U.S. CPI data from August, as it attempts to print a higher low on the weekly time frame. Headline inflation is expected to be 8.1% year-over-year, which would be a decrease from last month’s 8.5%.

ETH Merge – Underrated Or Priced In?

ETH Merge – Underrated Or Priced In?

Bitcoin (CRYPTO: BTC) started trading above $22,000 this morning, ahead of the critical U.S.

Bitcoin Fundamentals Grow Despite Market Downturn

Bitcoin Fundamentals Grow Despite Market Downturn

Bitcoin (CRYPTO: BTC) reclaimed $19,000 last night, as a key technical indicator suggests we may have some upside in the coming days.

Bitcoin Seasonality Provides Hope For Bitcoin Bulls

Bitcoin Seasonality Provides Hope For Bitcoin Bulls

The crypto market has dropped below $1 trillion again, as Bitcoin (CRYPTO: BTC) nears towards the local bottom of $17,600. On chain analytics also demonstrate bearish sentiment among market participants.

Could Supply Chain Renovation Become Bitcoin's Saviour?

Could Supply Chain Renovation Become Bitcoin's Saviour?

Amongst the uncertainty surrounding the current macro-economic environment (hence impacting the crypto market) we received some positive macro news last week - supply chain issues might finally be resolved!

Russians Plan To Enter The Crypto Market And Evade Restrictions

Russians Plan To Enter The Crypto Market And Evade Restrictions

Bitcoin (CRYPTO: BTC) is being sold off ahead of today’s Jackson Hole symposium, as mentioned in yesterday’s market commentary.

Could Jackson Hole Be A Bullish Catalyst?

Could Jackson Hole Be A Bullish Catalyst?

Volatility remains low in the crypto market, as investors are bracing for tomorrow’s critical Jackson Hole speech. This is an annual symposium, held in Jackson Hole, Wyoming, and attended by central bankers, finance ministers, academics, and financial market participants from around the world.

MasterCard Aims To Unlock Full Potential Of Blockchain Technology

MasterCard Aims To Unlock Full Potential Of Blockchain Technology

Whilst Bitcoin (CRYPTO: BTC) lacks volatility so far this week, remaining around $21,300, institutional interest is ‘massive’ according to BitStamp.