News - BinaryOptions.net - Page 20

BTC/USD Breakout – The Battle for $30K Is Still On

Jun. 03, 2022

Bitcoin: The Beast Awakens… or Does It? After spending more than two weeks inside a descending bearish triangle, Bitcoin managed to escape the pattern by breaking its upper barrier. This also marked the break of the key level at $30,000, which was a very bullish sign; however, the break was short-lived and the majority of […]

EUR/USD Rebounds as ECB Hints Towards July Rate Hike

May. 30, 2022

Non-Farm Payrolls in the Spotlight as the US Dollar Slows Its Ascent The ECB and the Fed seem to have switched positions in their approach toward interest rates. There is speculation about a pause in Fed rate hikes in September and on the other hand, the European Central Bank is likely to start increasing in […]

Crypto Winter? $520 Million Liquidated Across the Crypto Market

May. 27, 2022

Ethereum Suffers Heavy Losses, Bitcoin Falls Deeper Below $30K According to data posted by Coinglass, more than 138,000 traders were liquidated over the last 24 hours and the total value exceeds $520 million. Ethereum traders were the most affected, as their losses amount to over $236 million, while Bitcoin losses are over $125 million. The […]

Euro Extends Gains as the US Dollar Continues to Soften

May. 23, 2022

Divergence Signal Proves Useful: EUR/USD Jumps More than 200 Pips In our previous post, we warned that the EUR/USD pair is showing clear signs of bullish divergence, which more often than not, results in a move to the upside. This pattern, along with other factors (RSI’s oversold position and the presence of a support level), […]

Stablecoin Drama Dwindles. Tether Reveals $82 Billion in Reserves

May. 20, 2022

Bitcoin Regains $30K. Early Signs of Recovery or Range-Bound Trading? Major coins such as Bitcoin and Ethereum started a fresh rally Thursday, on the back of a weaker US Dollar and a renewed interest in the crypto market. Thursday’s push broke through the key psychological level at $30,000 and took Bitcoin above the 50-period Moving […]

U.S. Inflation Subsides. Greenback Prone to Mild Pullbacks

May. 16, 2022

EUR/USD Touches 5-Year Low. Bullish Divergence in Play. Inflation in the U.S. is starting to decline, according to last week’s CPI that showed the yearly core inflation rate dropped to 6.2% from the previous 6.5%. The monthly CPI showed a 0.3% change, which is a big deal considering that the previous reading was 1.2%. Inflation […]

Blockchain Bloodshed: Luna Sends Shockwaves Across the Crypto Market

May. 13, 2022

Domino Effect Sends Bitcoin Tumbling. On Thursday, May 12, Bitcoin reached a low of $25,401 after TerraUSD (UST) un-pegged from the US Dollar, dragging almost all cryptocurrencies lower. More than $200 billion was erased from the crypto market and panic became the status quo of the blockchain. The losses spilled over to the biggest stablecoin […]

Dollar Resumes Uptrend as U.S. Inflation Takes Center Stage

May. 09, 2022

EUR/USD Returns Lower After Timid Attempts to Break Resistance Last week the Fed added 50 bps to the interest rate but Fed Chair Jerome Powell mentioned during the press conference that “The FOMC is not actively considering 75 bps hikes”. Data released by the U.S. Bureau of Labor Statistics showed that 428K new jobs were […]

Bitcoin Takes a Nosedive. Key Support Broken

May. 06, 2022

Triple Bottom Shattered. Where Is BTC Headed Next? After a period of sluggish and sideways movement, the apex cryptocurrency is showing signs of increased bearish momentum. The decline started after a touch of $40,000 resistance and now the pair has breached the key support at $37,500, which is the place where the triple bottom formed. […]