Ripple Soars as SEC Admits Defeat. The predominance of Bitcoin in the cryptocurrency market faced a slight setback following Ripple’s partial triumph against the United States Securities and Exchange Commission, resulting in a plunge of Bitcoin dominance below 50%, fueled by a boom in altcoin values. But while this may sound “bad” for Bitcoin, let […]
EUR/USD: Momentum Building as the Pair Approaches Key Resistance Level. As the U.S. Non-Farm Employment report fell short of expectations Friday, the dollar index (DXY) declined by -0.86%, reaching a two-week low. In June, non-farm payrolls in the United States increased by 209K, which was lower than the anticipated 224K and marked the smallest growth […]
BTC/USD Consolidation, Potential Reversal Ahead. The recent jobs and services data released throughout the week sent Bitcoin briefly below its $30,000 threshold but a swift recovery soon followed. At the time of writing the Digital Gold is trading just above this support, at $30,250, after reaching a low of $29,720. ADP’s No-Farm Employment Change report […]
EUR/USD: Bulls Fail at Resistance Once More. Downward Pressure Increases. Get ready for an exciting week as investors await the release of the minutes from the U.S. Federal Reserve’s June meeting, as well as the always-important Non-Farm Payrolls (NFP) data. At the last meeting, the central bank decided to maintain interest rates at their current […]
Bitcoin Bulls Struggle After Breaking $30K. Where to Next? CME Group, a major figure on the global derivatives scene, recently announced the upcoming launch of Ether/Bitcoin Ratio futures. The scheduled date is July 31, pending regulatory approval. This groundbreaking contract offers individuals the opportunity to invest in both BTC and ETH at the same time, […]
1.1000 – An Insurmountable Barrier? The euro is currently changing hands around $1.0890, staying below its recent peak at $1.1000 reached on June 22. An important role in this is played by concerns about higher interest rates in the Eurozone and their effects on the economy. According to the PMI data released on Friday, there […]
$30K Under Attack: Do We Have Lift Off? The past 48 hours have unfolded as a massacre for bearish traders in the world of cryptocurrencies. Many considered the move up from $25,000 support a mere “dead cat bounce” and took short positions but faced a harsh reality as liquidations of more than $200 million ensued. […]
EUR/USD Approaches Stiff Resistance. ECB Still Wants More. Last week was eventful in terms of central bank decisions. The Federal Reserve decided to keep interest rates unchanged on Wednesday but provided hints that further rate hikes could be implemented to address inflation concerns. One day later, the European Central Bank raised interest rates by 25 […]
Bitcoin Tests $25K. BlackRock ETF Could Spark Rallies. During Wednesday’s Fed Meeting, the FOMC decided to pause the rate hikes. Although the US Dollar weakened against its major counterparts as a result, Bitcoin failed to capitalize. The apex cryptocurrency briefly dropped below $25,000 but has since recovered and is currently trading at $25,520. During Wednesday’s […]
Fed Expected to Pause, ECB Still Going Strong. The much anticipated FOMC Meeting is drawing closer and the US Dollar is gearing up for some wild swings. The European Central Bank will also convene this week, but unlike its U.S. counterpart, the central bank is expected to continue to tighten its policy. The ECB is […]