Too many times, the price of bitcoin has tested the critical support zone, which is between $60,364 and $62,412. Due to increased market risk brought on by geopolitical concerns, FOMO and the buzz around the BTC halving are still low. The Bernstein research states that following the halving of Bitcoin, ETF inflows will resume and … Read more
Amidst ongoing geopolitical concerns and a strong belief in an ECB rate cut this summer, the Greenback’s recent gain ran out of steam, leading to a correction in the USD Index (DXY) and some rebound in the risk-linked sectors. Here is what you need to know on Thursday, April 18: The USD Index (DXY) had … Read more
New altcoin crash and burn,but this altcoin shows strenth The altcoins that made their debut in late 2023 or early 2024 climbed higher and showed outstanding performance. However, in the last three to five weeks, some of these tokens have seen significant drops of 20%, 30%, 40%, and even more as of this writing. On … Read more
Despite demand for safe haven assets being undercut by the Fed’s “higher for longer” interest rate policy, the price of gold is still rising. Fed Powell is in favor of maintaining high interest rates until it is certain that inflation will decline to 2%. In reaction to Iran’s attack on Israel, the US issues a … Read more
After failing to close above the $0.50 barrier mark every day since Monday, XRP is now stuck below it. Spiral CLO Since the SEC withdrew its claims against executives, Stuart Alderoty announced late on Tuesday that there will not be a pretrial conference. According to Alderoty, Ripple will submit a response by April 22 in … Read more
An growth in the Ethereum validator queue suggests that additional investors may be drawn to the restaking boom. Ethereum’s burn rate is higher than emissions, indicating deflationary trends. Given that bearish appear to be running out of steam, Ethereum may continue trading sideways. Wednesday saw Ethereum (ETH) remain in a sideways trend as investors appeared … Read more
The yield on US Treasury bonds is falling but is still at a multi-month high. Investor attention is centered on Fed Chair Powell’s aggressive approach. In the US session, the US Dollar Index (DXY) fell below 106.00. But there’s good news for the Greenback because hawkish wagers on the Federal Reserve (Fed) could serve as … Read more
The EUR/USD pair holds onto slight daily gains throughout Wednesday’s American session, trading at about 1.0650. Despite a little uptick in risk sentiment, the US dollar struggles to gain traction and supports the pair’s stability. EUR/USD Technical Overview The EUR/USD pair’s daily chart indicates a limited bullish potential. The 20 Simple Moving Average (SMA) is … Read more
The GBP/USD pair maintains its daily gains close to 1.2450 after initially stabilizing near 1.2500 in response to the UK’s unexpectedly high inflation report. The pair continues to hold thanks in part to the continuing weakening of the US Dollar. GBP/USD Technical Overview For the first time in a week, the GBP/USD pair crossed above … Read more
In the financial industry, cryptocurrencies have been the talk of the town, with several projects trying to transform different facets of the economy. Pi Network stands out above the others thanks to its distinct strategy and bright future. This piece delves into the market value of Pi Network, examining its development, estimation, juxtaposition with conventional … Read more
