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Bitcoin’s Surge Amidst Coinbase and Valkyrie Moves

Sep. 29, 2023

BTC/USD at Confluence Zone Again. Will the Story Be Different This Time?   The world of crypto is starting to pulse rapidly, with a Bitcoin push above $27,000 and a few developments from major players. Coinbase, one of the biggest crypto exchanges in the world, recently introduced a derivatives platform for its global clients. It’s […]

Inflation Domination: Upcoming Key Data & Currency Analysis

Sep. 25, 2023

Downward Path for EUR/USD: A Bounce-or-Break Moment. The week ahead will be dominated by inflation data, which is always important but more so this time because both the Fed and the European Central Bank warned about additional hikes if inflation stays high. The US Dollar Index (DXY) has reached a six-month peak, helped by the […]

The Inside Story of Bitcoin’s Dramatic Flash Crash to $8,200

Sep. 22, 2023

Navigating BTC/USD’s Strong Confluence Zone: Chart Insights For almost two years, Bitcoin’s mystery flash crash to $8,200 remained just that: a mystery. This week, the veil has been lifted and the mystery is finally solved. And now for some backstory: on 21 October 2021, Bitcoin plummeted to around $8,000. This 87% drop was only seen […]

Tug of War: ECB’s Efforts, Fed’s Pause & the Dollar’s Climb

Sep. 18, 2023

EUR/USD’s Technical Landscape: Divergence in Play The Euro hit a 3-month low against the US Dollar, despite the European Central Bank’s efforts to combat inflation. The ECB announced the 10th consecutive rate hike last week, bringing it to 4.50%. The central bank also toned down growth expectations for 2024. Last week’s upbeat U.S. data boosted […]

Crypto News Round-Up: Deutsche Bank, Genesis, and Binance

Sep. 15, 2023

BTC/USD: Do We Have Lift Off or It’s Just a “Dead Cat Bounce”? Deutsche Bank and Taurus are working together to launch crypto assets custody and tokenization services. This is a major step towards mainstream adoption because Deutsche Bank is Germany’s largest bank and also a name recognized across the world. Taurus is a Swiss […]

Inflation Concerns: US CPI Meets ECB’s Rate Decision

Sep. 11, 2023

EUR/USD Outlook: Divergence, Trend Lines, and Key Levels. The greenback is coming off three-month highs against the Euro and the Pound, and the talk of the town is U.S. inflation data due later this week. Inflation has been at the forefront of the Forex market for a long time now, with central banks scrambling to […]

Crypto Lull: A Look at Bitcoin’s Momentum Crisis

Sep. 08, 2023

BTC/USD at a Standstill. When Will It Erupt? Bitcoin is trading at almost the same level as it was on August 18th. Apart from two days of high volatility, the Digital Gold has been uncharacteristically flat and totally lacking momentum. But it’s not only Bitcoin that suffers from this laziness. Spot trading for cryptocurrencies in […]

U.S. Jobs Report: Impact on Dollar & Fed Rates

Sep. 04, 2023

EUR/USD at Major Hurdle. Bounce-or-Break Scenario at Play The U.S. labor market appears to be slowing down, as shown by last Friday’s jobs report. However, the data was mixed, with the Non-Farm Payrolls exceeding expectations, while the Average Hourly Earnings and Unemployment Rate missed the forecast. According to the U.S. Bureau of Labor Statistics (BLS), […]

Grayscale vs. SEC: The Battle Over Bitcoin ETFs

Sep. 01, 2023

Bitcoin’s $2K Plunge: Another Ride on the Crypto Rollercoaster Grayscale’s proposed Bitcoin ETF has the crypto world buzzing with interest. Why? Because the U.S. District of Columbia Court of Appeals decided the SEC was wrong to reject Grayscale’s application. So, what’s the drama? Grayscale wants to launch a spot Bitcoin ETF that follows the movements […]

Hawkish Powell: US Dollar’s Bullish Surge

Aug. 28, 2023

Anticipating Key Economic Reports & Fed’s Response. NFP Takes Center Stage. The US Dollar is still flexing its muscles in front of other currencies, after an injection of bullish remarks from US Federal Reserve Head Jerome Powell, made last week. At the Jackson Hole Symposium, Chair Powell mentioned potential measures to achieve the 2% inflation […]