Elon Musk’s SpaceX in Spotlight: Real News vs. Fake News. The OG cryptocurrency – Bitcoin – took a nosedive Thursday, causing $1 billion of losses for leveraged traders. BTC/USD dropped to a 2-month low and most of the long positions were liquidated in what is the worst sell-off of the year thus far. Bitcoin dropped […]
EUR/USD’s Path amid FOMC Minutes, Retail Sales, and Confidence Indicators. Last week’s U.S. Consumer Price Index (CPI) came in at 0.2%, the same as the previous reading and in line with analysts’ expectations. The yearly reading dropped to 3.2% lower than the forecast of 3.3%. However, July’s PPI reading showed prices rising slightly faster than […]
Major Level Comes into Play Once Again: $30K in the Spotlight. The world of finance is buzzing about Bitcoin ETFs, and some big names are right at the forefront! Companies like BlackRock, Bitwise, Van Eck, and Wisdomtree are all in the mix, each vying for that much-coveted approval. But one company, ARK 21Shares, might just […]
Dollar Gains Erased: 1.1000 in Play Again. The latest job statistics from the United States, unveiled this past Friday, suggest a restrained potential for the US dollar to gain value. And considering the critical inflation figures expected to be announced this coming Wednesday, we might be in for a volatile week. On Friday, the US […]
Accumulation Underway: Whales Dominate 59.2% of BTC’s Supply. President Joe Biden appears to have unintentionally turned into a Bitcoin enthusiast favorite. This happened when a coffee mug he was seen holding in a video promoting his re-election campaign grabbed the crypto community’s attention due to its distinct design – Biden’s face with glowing red “laser […]
EUR/USD at Crossroad. Economic Data Will Decide What’s Next. Last week, the US Dollar did pretty well against most of its major rivals, even though the Federal Reserve hiked the interest rate and didn’t provide much assurance about future tightening. At this time, it looks like the future course is largely dependent on economic data. […]
Exchange Inflows Grow. BTC/USD Hits Major Support Zone. Bitcoin underwent a flash crash on July 24, with its value taking a dive to $29,000. This downturn is believed to be due to Bitcoin whales possibly offloading their stakes. Glassnode, a blockchain analytics company, disclosed a peak in whales’ deposits to exchanges, marking a three-year high […]
Powell and Lagarde: Rate Projections Awaited. Every investor has been eagerly marking their calendars for this week: It’s when two of the world’s most powerful central banks are set to announce their newest policy directions. It’s anticipated that both the Federal Reserve and the European Central Bank will commit to a 25-bps hike (Wednesday and […]
Bitcoin Trapped in a Narrow Range – Breakout Incoming? The cryptocurrency market saw a general decline on Thursday, but Chainlink’s native token, LINK, bucked the trend. While other major cryptocurrencies experienced a downturn, LINK stood out as the only one with significant gains among the top 30 tokens by market capitalization. LINK surged more than […]
EUR/USD Takes Flight: Major Resistance Shattered. This past week was quite the roller coaster for the EUR/USD, which skyrocketed nearly 2.5% to reach its highest point since February 2022. In fact, it marked the pair’s most impressive weekly performance in about eight months. Why this robust rally, you ask? Well, the mighty Euro was flexing […]