Coinbase IP Sparks Fresh Highs For Bitcoin It seems like every new week, the crypto market is making a new All-Time High, with Bitcoin leading the charge and defying gravity at $61,500. It is currently correcting lower after reaching highs just shy of $65K and some of the downside seems to be triggered by Turkey’s […]
Fueled By Hopes of Elevated Inflation and Retail Sales Data The US Dollar retreated off 93.43 highs last week, with the DXY sliding to a low of 92.02 on Friday and trading near 92.30 at the time of writing. Federal Reserve Chair Jerome Powell appeared on CBS’s “60 Minutes” over the weekend and said that […]
Crypto Dominance: XRP Regains $1 As Bitcoin stabilizes above $57,500, the altcoins are gaining traction and showing positive signs. The front runners are Ripple’s XRP, Ethereum, and one of the best performers of the year: Binance Coin (BNB). Ripple’s XRP is making an explosive comeback after suffering the heavy blow from the SEC trial. The […]
EUR/USD Tests Support The U.S. economy is showing signs of recovery, as evidenced by rising Treasury yields and a Non-Farm Payrolls report that exceeded expectations last Friday: forecast 652K, actual 916K. The increase in jobs is likely to translate into a stronger greenback, although the dollar bulls are still eyeballing the services sector data due […]
BNB Prone to “Rocket” Breakout At the time of this writing, Bitcoin is hovering just below $60K, trading at $59,820, with a 12.80% increase over the last 7 days. According to TradingView charts, the high for the day was $60,103, and the digital “king” is correcting lower but has a bullish bias overall. The fuel […]
The Greenback Holds Firm Ahead of U.S. Non-Farm Employment Report On Monday, the European single currency dipped below 1.1800 as tougher COVID-19 numbers hit the economy and hampered the prospects of economic recovery. The Euro is now headed for its biggest descent since the middle of 2019 and a big part is being played by […]
Massive Amounts of Options Contracts Due for Expiration. Watch BTC React! At the time of writing, Bitcoin is changing hands at $53,820, which translates into a +1.35% change for the last 24 hours, which is rather “tame” for the crypto-king. However, things may be about to change because almost $6 billion in options contracts are […]
Where To Put Your Money In Forex This Week The Pound remains in a strong uptrend against the US Dollar since late September last year, however, the rising channel that contained the pair for several months is now being tested once again. The UK vaccination campaign has been fast-paced thus far, as more than 26 […]
The Crypto King Breaks Through. Is the Rocket Fueling Up Again? Bitcoin made history again! On March 13, it hit another milestone by posting a new All-Time High (ATH) at $61,618 according to CoinMarketCap data. The previous ATH was located just above $58,300 and was made on February 21, 2021. However, the last time that […]
Volatility In The GBP/USD Is On The Rise The Pound/Dollar is currently trading at 1.3940 and is still stuck inside an ascending channel, despite an apparent break posted in late February. The week has started with a slow pace thus far, with the Pound making small advances against the greenback, but the week’s narrative revolves […]