Black Friday Discounts Across the Board As Bitcoin declined below $60,000, many investors considered this an opportunity to buy at a discounted price, while others rushed to sell in fear that price may drop further. Currently, Bitcoin is trading around $56,700, after reaching a 6-week low at $55,128 on Tuesday. The flagship cryptocurrency is still […]
Dollar at 16-Month High, by Bogdan Giulvezan, Growing anxiety in Europe over the effect of rising COVID-19 infections pushed EUR/USD to a 16-month low. The safe-haven status of the US Dollar but also retail sales numbers that exceeded expectations last week in the United States played an integral part in the massive drop. Further strengthening […]
Bitcoin Drops below MA Support. Sell, Buy, Wait? The flagship cryptocurrency has slipped below the 50 days Moving Average for the first time since the 1st of October and is currently trading at $56,300, totaling a 13.0% loss over the last 7 days. Most of the top coins are trading in the red, with Ethereum […]
Red Hot U.S. Inflation Spurs Massive Dollar Gains The US Dollar has been on a tear since last Wednesday when Consumer Price Indexes showed that inflation in the U.S. climbed to its highest level in 30 years. The CPI surged 6.2% from a yearly perspective (0.9% month over month), bringing inflation to levels last seen […]
Bitcoin’s Much Anticipated Taproot Upgrade Is Here by Bogdan Giulvezan The crypto market just reminded us how volatile it is and how much it can move in a single day: Wednesday, November 10, Bitcoin charted a fresh All-Time High at $69,000, and the same day it dropped to a low of $62,856. It is currently […]
Dollar Back On Track, U.S. Inflation Data Up Next by Bogdan Giulvezan Last week the US Dollar Index (DXY) hit fresh yearly highs in the aftermath of the latest Fed meeting that marked the beginning of the much-anticipated reduction of asset purchases. The Fed decided to taper the quantitative easing programme by $15 billion each […]
Ethereum Hits New Landmark amid Deflationary Pressure by Bogdan Giulvezan Wednesday, November 3, Ethereum printed a fresh All-Time High at $4,668, successfully surpassing previous tops and establishing support at the key level of $4,500. The second-largest cryptocurrency by market cap has been on a bull run since late September, due in part to the network […]
NFP May Spark Major Moves by Bogdan Giulvezan The greenback made massive advances on Friday after the Fed’s favorite inflation measure showed that inflation is accelerating, thus making the case for earlier interest rate hikes. The Personal Consumption Expenditures (PCE) price index increased by 0.3% on a month-over-month basis, bringing the yearly inflation to 4.4% […]
ATH Broken. It’s Ethereum’s Time to Shine! by Bogdan Giulvezan On October 29, the second-largest cryptocurrency by market cap broke its previous All-Time High and set a new one at $4,405. The previous top is located at $4,373 and was reached on May 12 this year. If we compare the two, we can see that […]
ECB Policy Makers Likely To Keep Monetary Settings Unchanged By Bogdan Giulvezan The Euro edged higher against the US Dollar, although last week the pair traded mostly sideways, above resistance turned support. The dollar was affected by news that China’s Evergrande avoided a default, which boosted the appetite for riskier assets. However, some of the […]