Breaking $45,000: Just a Tall Order or Impossible Ask? Argentina has made a ground-breaking move by officially approving the use of Bitcoin in contractual agreements. This marks a major step in the crypto-adoption worldwide and puts Argentina among the ranks of El Salvador and others that go all-in when it comes to embracing Bitcoin President […]
EUR/USD’s Bearish Signal: The Double Top. The greenback took a heavy hit last week, following the last Fed meeting of 2023, which brought new dovish insights into the Fed’s plans for rate cuts in 2024. Throughout last week, the US Dollar Index (DXY) dropped from a high of 104.262 to a low of 101.770 and […]
Bitcoin’s Price Dynamics Post-Fed Shift. Bitcoin’s flash crash seen on Monday was almost completely erased as soon as the Fed announced the end of the rate hike cycle and the upcoming rate cuts. The Federal Reserve’s more accommodating stance positively influenced Bitcoin’s value, helping its recovery from the mentioned drop, where it lost over 5% […]
EUR/USD Technical Analysis: Key Levels and RSI Dynamics. It looks like the United States economy cannot be stopped by the Fed’s tight monetary policy, as evidenced by Friday’s jobs data which exceeded expectations yet again. The Non-Farm Payrolls (NFP) showed that 199K new jobs were created during the previous month (higher than the forecast 184K […]
BTC/USD Bulls Cautious Ahead of Critical Non-Farm Payrolls Report. After a massive surge that saw Bitcoin rise as high as $44,490, the market started to cool off, in part due to profit-taking but also due to increased caution generated by the upcoming US jobs report. Bitcoin whales have been an active driver of the […]
EUR/USD in Pullback Mode Ahead of Non-Farm Payrolls. The dollar had a rocky Friday as market participants tried to digest Fed Chair Powell’s remarks made in a speech where he touched on the ever-sensitive topic of the rate. Although the Chair noted that the economy is slowing down due to the restrictive monetary policy, he […]
RSI Warning Signs: Long Time Bearish Divergence at Play. On Wednesday, Bitcoin reached its new yearly high, changing hands at $38,457. We could say that $40K is within reach but… not quite. Since 24 November, Bitcoin had several days in which it came very close to $39,000, and yet, the bears pushed back every time, […]
Technical Analysis: EUR/USD’s Trend Line and RSI Dynamics. Last week, members of the Federal Reserve indicated a reluctance to reduce interest rates soon, especially with inflation exceeding their target. The minutes from their latest meeting revealed inflation concerns, suggesting that further actions might be necessary. They emphasized maintaining a “restrictive” policy until there’s clear evidence […]
CZ Steps Down Amidst Record Penalty. BNB Retreats from Lows. Binance has reached a settlement of $4.3 billion for breaching sanctions and laws related to money transmission, marking this as one of the highest corporate fines on record. The company’s founder, Changpeng “CZ” Zhao, admitted guilt and resigned as CEO. Documents recently made public reveal […]
EUR/USD Bulls Are Getting Ready to Take a Break. But When? The US Dollar has started to decline against most of its major counterparts following recent U.S. economic data that has been weaker than expected. Last week’s highlight was the inflation report that missed expectations by a hefty margin. This has led markets to largely […]