News
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Dollar Struggles for Power
Amid Increased Volatility and Unclear Direction Throughout the past week, there was a burst of volatility yet the direction remained uncertain as the US Dollar struggled against the…
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Is Elon Musk Manipulating The Cryptocurrency Market?
The Tesla Snowball Keeps On Rolling Since Elon Musk’s tweet “We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions […] cryptocurrency is…
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The Dollar Dabbles in Uncertainty
U.S. Inflation Up, Retail Sales Down, The greenback bounced higher last Wednesday as both the Consumer Price Index and Core CPI posted higher than expected values: a 0.8%…
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Bitcoin’s $50K Tug-of-War and the Double Bottom Springboard
Bitcoin’s $50K Tug-of-War and the Double Bottom Springboard Since Wednesday’s big drop, Bitcoin has been hugging the $50,000 level in what looks like a tug of war between…
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The Greenback Takes a Heavy Blow From Weak NFP
Focus Shifts towards Inflation Numbers The Non-Farm Payrolls report released Friday not only disappointed but also shocked the US Dollar bulls by showing that only 266K jobs were…
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Citigoup, Inc Wants a Piece of the Bitcoin Pie
Citi Considers Adding Crypto Services According to a report from the Financial Times, the banking giant Citigroup Inc. is currently weighing the possibility of offering cryptocurrency services to…
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The Greenback Rebounds Sharply Ahead Of NFP Data
NFP Data Could Green Light Additional Gains April was a rough month for the US Dollar, as the DXY finished the month with a 2% decline; the index…
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Central Bank-Backed Cryptos Return To Center Stage
CBDCs Are a Thing Again, Mastercard Wants a Piece of the Crypto Pie A while back, some central banks, including the European Central Bank appeared to be very…
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US Dollar Collapses to 2-Month Low
Fed Stance on Tapering May Affect the Trend The US Dollar lost ground against many of its major counterparts on Monday, taking a nose-dive and retreating to almost…
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Bitcoin Tumbles Below the Psychological $50K Level
Fears of “Major Correction” in Play “What goes up, must come down” – it’s about the only thing that physics and financial charts have in common. Bitcoin’s massive…
