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ETF Talks Drive Bitcoin Above Key Level – Bears Pay the Price

Jun. 23, 2023

$30K Under Attack: Do We Have Lift Off? The past 48 hours have unfolded as a massacre for bearish traders in the world of cryptocurrencies. Many considered the move up from $25,000 support a mere “dead cat bounce” and took short positions but faced a harsh reality as liquidations of more than $200 million ensued. […]

Dollar on the Ropes as the Fed Decides to Pause Rate Hikes

Jun. 19, 2023

EUR/USD Approaches Stiff Resistance. ECB Still Wants More. Last week was eventful in terms of central bank decisions. The Federal Reserve decided to keep interest rates unchanged on Wednesday but provided hints that further rate hikes could be implemented to address inflation concerns. One day later, the European Central Bank raised interest rates by 25 […]

The Fed Takes a Break. How Will Bitcoin Respond?

Jun. 16, 2023

Bitcoin Tests $25K. BlackRock ETF Could Spark Rallies. During Wednesday’s Fed Meeting, the FOMC decided to pause the rate hikes. Although the US Dollar weakened against its major counterparts as a result, Bitcoin failed to capitalize. The apex cryptocurrency briefly dropped below $25,000 but has since recovered and is currently trading at $25,520. During Wednesday’s […]

Dollar Drifts Lower Ahead of Central Bank Bonanza

Jun. 12, 2023

Fed Expected to Pause, ECB Still Going Strong. The much anticipated FOMC Meeting is drawing closer and the US Dollar is gearing up for some wild swings. The European Central Bank will also convene this week, but unlike its U.S. counterpart, the central bank is expected to continue to tighten its policy. The ECB is […]

Binance Faces SEC Lawsuit: Latest Trouble Explained

Jun. 09, 2023

BNB Suffers the Consequences, Sheds 15% In a major development for the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Binance, the world’s leading crypto exchange, and its co-founder and CEO, Changpeng Zhao (CZ). The SEC has levied 13 charges against Binance and CZ, accusing them of various violations […]

Economic Strength Challenges Dollar’s Current Trend

Jun. 05, 2023

NFP Data Defies Expectations, Keeping the Dollar Resilient and Interest Rates Unchanged. The Non-Farm Payrolls report created some ruckus once again, blowing the consensus figure out of the water: 339K new jobs created in May versus 193K expected. This shows that the economy is still strong and other recent data, like consumer spending and new […]

Hype Wars: Artificial Intelligence Vs. Bitcoin

Jun. 02, 2023

Bearish Trend Line Stops Bitcoin’s Advancement Google search data has revealed that global interest in the term “AI” has reached an unprecedented level, although it still falls short of the peak excitement surrounding Bitcoin in 2017. In recent months, artificial intelligence has been all the rage, with some considering it the latest trend after the […]

Optimism Lifts Dollar Amid Fed Hike Speculations & Debt Deal

May. 29, 2023

U.S. Inflation Still Resilient. NFP Report Ahead. The greenback is on the offensive, fuelled by growing optimism about the U.S. Federal Reserve implementing further rate hikes. It seems that a deal regarding the debt ceiling has been reached between U.S. President Joe Biden and House Speaker Kevin. The $31.4 trillion debt ceiling will be suspended […]

Buckle Up: Glassnode Expects Bitcoin’s Volatility to Soar

May. 26, 2023

Weekly Crypto Roundup: ETH, XRP, BNB Price Updates. Bitcoin has managed to remain fairly stable amidst various financial ups and downs such as the debt ceiling crisis, the banking crisis, and sky-high inflation. However, according to Glassnode, a reliable on-chain analytics firm, this period of stability may not last long, and we can expect a […]

Dollar Weakens on Debt Ceiling Talks and Powell’s Comments

May. 22, 2023

EUR/USD at Support. Will the Bulls Step In? The dollar started to slide against the yen and euro on Friday and the weakness continued Monday. The decline was triggered by unexpected complications in the U.S. debt ceiling negotiations and by comments made by Fed Chair Jerome Powell, who suggested a slower pace of interest rate […]