Analysts brace for Bitcoin slide on gloomy US manufacturing data

Analysts brace for Bitcoin slide on gloomy US manufacturing data

The Federal Reserve’s monthly manufacturing survey showed the sharpest decline in activity since 2020. Bitcoin’s spot price could take a hit after the US Federal Reserve reported some of the worst manufacturing data in recent history, according to several cryptocurrency analysts. On April 17, the Philadelphia Federal Reserve Manufacturing Index — a monthly survey of…

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Crypto ‘uninvestable’ if exchanges ignore manipulation: DeFiance CEO

Crypto ‘uninvestable’ if exchanges ignore manipulation: DeFiance CEO

Defiance Capital founder Arthur Cheong claimed that centralized exchanges are turning a blind eye to market makers creating artificial crypto prices. A crypto investment executive said the biggest problem with digital asset markets is price manipulation, claiming that collusion between market makers and exchanges distorts token prices.  Arthur Cheong, founder of crypto investment firm DeFiance…

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Kraken rolls out ETF and stock access for US crypto traders

Kraken rolls out ETF and stock access for US crypto traders

Kraken launches stock and ETF trading for US users, expanding beyond crypto as it pushes for a borderless, all-in-one trading platform. Kraken is expanding beyond cryptocurrencies by offering US-listed stocks and exchange-traded funds (ETFs) in a move aimed at appealing to more traditional investors. Kraken, the world’s 13th largest centralized cryptocurrency exchange (CEX) by volume,…

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