Bitcoin Breaks Resistance and Sets Sights on $70K Bitcoin (BTC) has been on quite a ride this week, thanks to some positive U.S. CPI data suggesting inflation might be cooling off. The surge has been helped by major financial institutions, including Morgan Stanley, revealing significant holdings in US spot Bitcoin ETFs. Currently, Bitcoin is trading […]
EUR/USD Faces Triple Resistance Barrier. Last week’s lack of major economic releases translated into choppy price action, with the US Dollar Index (DXY) gaining moderately but the dollar itself losing the weekly battle against the Euro. The European STOXX 600 index showed the largest weekly gain since January but EUR/USD ended the week almost where […]
From Bitcoin dips to MEMECOINs: Whale movements suggest a new market direction. The traditional markets are going through a wave of uncertainty, which has led some experts to suggest a growing “love” of riskier investments, including a wide array of altcoins beyond Bitcoin. This drift comes from disappointment with legacy money systems, pushing individuals towards […]
Low Liquidity Warning: Expect Jerky Movement Friday’s U.S. job data missed the mark by a landslide, with the Non-Farm Payrolls report leading the charge: forecast 238K VS actual 175K. This is actually the first time the NFP numbers came out below expectations since November 2023. The Average Hourly Earnings ticked lower at 0.2% (previous 0.3%) […]
Block Pledges 10% of Profits to DCA Bitcoin Strategy. After the top at $73,794, Bitcoin started to fade and constantly printed lower highs and lower lows, a clear sign that the market was exhausted. But after all, this is normal behavior after the furious rise that started around $25,000, and the slow grind south does […]
Non-Farm Payrolls in the Spotlight: A Week of Critical Economic Updates. The Core PCE (personal consumption expenditures) Price Index surpassed analysts’ expectations, rising 3.7% in the first quarter, while the forecast was 3.4%. Some have even suggested that further tightening might be in order but there’s probably a very slim chance of that happening. What […]
Is The ETF Craze Drying Out? It looks like the whales are waking up and feeling hungry again. Is it time to prepare for another Bitcoin surge, or maybe we are looking too much into this stuff? In a massive move, whale accounts, dropped $1.3 billion in USD Coin to Coinbase last Thursday. This eye-catching […]
Exploring the technical dynamics as EUR/USD tests key support. Last week’s price action was sluggish, to say the least, with EUR/USD opening at 1.0635 and closing the week only 15 pips higher, at 1.0650. The high was 1.0690, so the entire week was slow, mostly due to the economic scene being lacklustre. The Fed will […]
Bitcoin Struggles at Resistance. How Will the Halving Affect it? This week marks a significant event for Bitcoin—the upcoming halving, which will slash the mining reward from 6.25 BTC to 3.125 BTC per block. This adjustment is expected to shake up the mining world, with some predicting that less profitable miners may leave the network. […]
Dollar Strength Tests Key Euro Support Zones The U.S. Dollar Index (DXY) is on the rise, showcasing its strongest performance since early November, with a significant 4.6% increase since the start of 2024. This surge comes as persistent inflation concerns fuelled speculation that the Fed might hold on to the current rates longer than anticipated. […]