Bitcoin Cash Completes its Halving. Bitcoin’s Countdown Has Started! Welcome to the whirlwind that is Bitcoin in 2024! The price of Bitcoin dropped below $65,000 this week; to put things in perspective, on Monday it was trading above $71,000. Between mid-February and mid-March, Bitcoin saw its biggest climb, thanks to spot ETFs (Exchange-Traded Funds) aggressively […]
EUR/USD Bangs on Support Ahead of German Inflation, U.S. Jobs Data. Despite discussion about aggressive rate cuts in early 2024, the US Dollar is displaying superiority against its counterparts in the US Dollar Index (DXY) and making hefty advances against its European rival, the Euro. EUR/USD finished last week right on the 1.0775 support, as […]
Previous ATH Broken: Will the Bulls Take Notice? This month we experienced the freshest All Time High at $73,794, which is a great feat considering that we are just three months into 2024 and Bitcoin’s low was below $40,000. In three months, the digital king appreciated by more than $33K and we are yet to […]
EUR/USD – Dollar Bulls Challenge Support As expected, the Fed kept the interest rate locked in place at 5.50% last week, but Fed Chair Powell’s relaxed attitude bolstered hopes of a June cut. At the time of writing, The CME FedWatch tool shows there is a 67% probability that the U.S. interest rate will be […]
Bitcoin’s Ebbs and Flows: Are We About to Enter a Ranging Market? Bitcoin Exchange Traded Funds carried the heavy load of the last massive rally that took Bitcoin (BTC) to the All-Time High of $73,794 but some might say their appeal is starting to wear off. Bitcoin’s price, a barometer of market sentiment, has retreated […]
Dollar Bulls vs Euro Bulls: The Battle for 50 MA Last week the U.S. Consumer Price Index flew past expectations, swelling to 0.4% from the expected 0.3% (Core CPI) and to 3.2% from the previous 3.1% (yearly headline CPI). The greenback flexed its muscles against all of its 6 counterparts included in the US Dollar […]
Bitcoin’s Temporary Dip: A Discount for a Highly Sought-After Asset? Bitcoin’s journey through the financial stratosphere has been anything but linear. Recently, the digital currency experienced a downturn from its peak, a reminder of its inherent volatility and its “I can turn on a dime” attitude. But then again, maybe the drop was not that […]
Euro Bulls Eye 1.1000. Can the Bears Do Anything About It? It’s almost becoming a trend for the Non-Farm Payrolls to extend way beyond the expectations in 2024. Thus far, all three NFP reports of the year came out better than expected. In January, the actual number was 216K (expectations: 168K); in February we had […]
The $10,000 Pullback – Is It Enough? On the 5th of March, the apex cryptocurrency reached its newest All-Time High of $69,210, surpassing the previous ATH by just $210. Of course, depending on what chart you are looking at, this can differ because some exchanges list the previous ATH at $68,900 and the new ATH […]
EUR/USD Stuck in a Tight Range: What Will Trigger the Breakout? Last week’s focus was mainly on inflation but overall we didn’t see any major directional developments. The Dollar Index (DXY) and EUR/USD traded mostly sideways, with the Core PCE Price Index showing the forecasted reading of 0.4% and the Eurozone Core CPI coming out […]