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 […]
BNB Suffers the Consequences, Sheds 15% In a major development for the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Binance, the world’s leading crypto exchange, and its co-founder and CEO, Changpeng Zhao (CZ). The SEC has levied 13 charges against Binance and CZ, accusing them of various violations […]
NFP Data Defies Expectations, Keeping the Dollar Resilient and Interest Rates Unchanged. The Non-Farm Payrolls report created some ruckus once again, blowing the consensus figure out of the water: 339K new jobs created in May versus 193K expected. This shows that the economy is still strong and other recent data, like consumer spending and new […]
Bearish Trend Line Stops Bitcoin’s Advancement Google search data has revealed that global interest in the term “AI” has reached an unprecedented level, although it still falls short of the peak excitement surrounding Bitcoin in 2017. In recent months, artificial intelligence has been all the rage, with some considering it the latest trend after the […]
U.S. Inflation Still Resilient. NFP Report Ahead. The greenback is on the offensive, fuelled by growing optimism about the U.S. Federal Reserve implementing further rate hikes. It seems that a deal regarding the debt ceiling has been reached between U.S. President Joe Biden and House Speaker Kevin. The $31.4 trillion debt ceiling will be suspended […]