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$25K in Sight. Can BTC Get There Before the Retracement?

Feb. 03, 2023

One Last Volatility Cocktail for the Week: NFP, Hourly Earnings, and Unemployment Rate. The Fed added 25 bps to the interest rate, which was in line with the market’s expectation but the FOMC Statement contained interesting clues which sent the dollar higher. As a consequence of this newfound US Dollar strength, BTC/USD dropped from a […]

Get Ready for the Busiest Week of the Year Thus Far

Jan. 30, 2023

Central Banks, Interest Rates, Jobs, and More. As the first trading month of 2023 comes to an end, the markets are getting ready for a week that’s overflowing with important events and releases. From inflation data to press conferences, interest rates and jobs, this week has it all, so it’s fairly safe to assume that […]

El Salvador’s President Lashes Out at Media Critics

Jan. 27, 2023

Bitcoin Hangs on to Gains but the Bulls Are Running Out of Steam El Salvador’s ‘love affair’ with Bitcoin has been a polarizing issue, with some praising President Bukele’s bold vision and others condemning him for making BTC legal tender. In a recent series of tweets, El Salvador’s President made harsh remarks towards large media […]

The Fed Undermines the US Dollar, Dials Back on Rates

Jan. 23, 2023

EUR/USD Challenges 9-Month High. The Euro hawks are spreading their wings and it looks like lately, it’s more ECB vs. Fed rather than EUR vs. USD as the two central banks’ policies diverge. The Fed is getting ready to slow the pace of the rate hikes considerably, while the ECB officials have announced plans to […]

Bitcoin Starts to Swell: Pre-FTX Levels Reached!

Jan. 20, 2023

Resistance Ahead, Divergence in Play. After spending a long time trapped in a tight range near $17,000, the apex cryptocurrency looks to be going back to the volatility we’re used to. At the time of writing, Bitcoin is changing hands at $20,950, which is almost the exact price it was trading at before the FTX […]

U.S. Inflation Cools Off – Dollar at 7-Month Low

Jan. 16, 2023

Thin Trading on Monday as U.S. Markets Take a Holiday Break Inflation data released last week showed that the Fed’s aggressive policy is having the wanted effect and that the U.S. economy is starting to simmer down. The Consumer Price Index (year over year) dropped to 6.5% from the previous 7.1%, while the Core version […]

Bitcoin: The War Against the Downtrend Has Begun

Jan. 13, 2023

FOMO Is Real! Don’t Buy Into It…Yet. Bitcoin is experiencing a resurgence and is dragging the whole crypto market with it, climbing more than 12% over the last 7 days. At the time of writing, the apex cryptocurrency is trading at $18,850 after peaking just above $19,000. After the long lull that saw BTC trapped […]

U.S. Inflation Steals the Spotlight After Mixed Jobs Data

Jan. 09, 2023

EUR/USD Moves Above Resistance, Dollar Slips on Rate Speculation. Friday’s jobs data was an interesting blend of higher-than-expected NFP with lower-than-expected Hourly Earnings, topped off with a disappointing Services PMI. As a result, the Dollar Index (DXY), which measures the greenback’s performance against 6 major currencies, weakened and rate hike expectations dropped. There is now […]

BTC Starts 2023 at a Snail’s Pace. NFP Eyed for Breakouts

Jan. 06, 2023

Crypto Winter Takes Its Toll: Behemoth Genesis Slashes Its Workforce. Since the FTX debacle back in November 2022, Bitcoin and a large part of the crypto market have been floating sideways like a ship without a helm in a windless sea. After printing a double bottom around $15,600, the apex cryptocurrency made a futile attempt […]

Kicking Off 2023 With a Bang: U.S. Jobs, EU Inflation

Jan. 02, 2023

Euro Touches 7-Month High. Overextended Rally Prone to Pullbacks. Markets are still feeling the effects of the parties that marked the closing of 2022 and the grand opening of 2023 but volatility is right around the corner. The first trading week of the New Year has some very interesting events in store, which will likely […]