
Here’s why NEXO went up over 60% following Binance listing
NEXO was listed on Binance today and soared to a peak of $3.5.
Track crypto price watch updates, sharp market moves, key levels, and fast reactions to breaking developments across digital assets.
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Bitcoin, ether and other major cryptocurrencies have dropped sharply over the weekend, sending BTC below $39,000 and ether well below $3,000. Crypto is tightly correlated with general markets fearing the coming week.

Inflation in the U.S. has hit a 40 year high at 8.5% and Bitcoin reacts positively moving up on the news

Bitcoin may be pricing in high inflation numbers expected to be released April 12. The top cryptocurrency dropped 6% on the day as fears inflation will surpass 10%

Despite acquiring over 26,000 BTC over the last 30 days, Terra’s strategy to back UST with bitcoin couldn’t counterweight market sentiments over the U.S. Fed’s hawkish policy of hiking interest rates by 50 basis points.

Former Goldman Sachs Chief Economist thinks the Fed is going to have to shock the market into shedding some of its gains in order to get the markets under control and reduce inflation.

Ex-Goldman Sachs investor and founder of SkyBridge Capital Anthony Scaramucci believes Bitcoin is on course to hit $500,000 in the foreseeable future.



