|
|||||
 |
Iran’s challenge with the ever-increasing electricity consumption has reached new heights, leading the country to halt electricity exports. Abuzer Salihi, general manager of Iran’s electricity distribution company Tevanir, announced on state television that it has reduced electricity exports to zero “so that there is no problem in electricity supply in the country.” He . . . → Read More: Iran pauses electricity exports due to crypto mining and hot summer Goldman Sachs said in a note to clients on Tuesday that the blockchain with the highest “real use potential” is Ethereum, suggesting its Ether (ETH) could become the dominant digital store of value. As such, Goldman predicts the total market capitalization of Ether could overtake the total market cap for Bitcoin (BTC) in the . . . → Read More: Goldman Sachs: Ethereum’s popularity could see ETH become dominant store of value Crypto-focused Swiss bank Sygnum Bank has announced that it has become the first bank in the world to allow its clients to stake Ether (ETH). According to Tuesday’s blog post, the firm’s clients can now stake ETH through Sygnum’s institutional banking platform to earn yields of up to 7% annually. Sygnum describes itself as . . . → Read More: Sygnum becomes the first bank in the world to offer Ethereum 2.0 staking Brothers Shakil and Ehsan Ahmad of Wild Sun Collective join DKleine to discuss their unique efforts to disrupt the literary publishing industry via NFT technology. Along with a new novella, a collection of creative works including 1/1 art pieces based on the Wild Sun franchise will be published as NFTs on OpenSea on . . . → Read More: Wild Sun Collective Australian Dollar, AUD/USD, Covid, RBA Governor Lowe, Technical Outlook – Talking Points Asia Pacific markets may see weakness after Wall Street snaps win streak Delta variant of Covid weighs on sentiment, particularly in Australia AUD/USD weakness may extend further on negative technical signal Wednesday’s Asia-Pacific Outlook Asia Pacific markets may see a weak . . . → Read More: Australian Dollar Forecast: Dovish RBA Adds to Delta Variant Woes for AUD/USD Bitcoin (BTC) price continues to trade in a predictable range which has given traders confidence in trading altcoins and DeFi tokens. This translated to a 110% rally in the price of Alpha Finance Lab (ALPHA) over the past four days. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of . . . → Read More: Alpha Finance Lab (ALPHA) rallies 50% as project fundamentals improve GOLD PRICE OUTLOOK – EYES ON FOMC MINUTES, US DOLLAR, YIELDS Gold price action climbed on Tuesday to challenge the psychological $1,800/oz level Gold likely benefited from a sharp move lower in ten-year Treasury yields to 1.35% XAU/USD volatility might accelerate with the release of Fed meeting minutes on tap Gold gained ground . . . → Read More: Gold Price Looks to FOMC Minutes as Catalyst for Volatility The weekend rally in cryptocurrencies was led by Bitcoin (BTC) but this move was not supported by huge trading volumes. According to on-chain analysts at CryptoQuant, the low trading volume suggests that “whales are staying low without much action.” However, Bitcoin has successfully held the $30,000 support for two weeks, which suggests that accumulation . . . → Read More: Price analysis 7/6: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC Canadian Dollar Price Forecast: Canadian Dollar Price Forecast: USD/CAD Rallies to Resistance as Crude Falls USD/CAD is on pace for a stellar weekly performance after the pair surged to resistance and its highest level since late April in Tuesday trade. A quick reversal in crude oil prices alongside broader USD strength are just . . . → Read More: Canadian Dollar Price Forecast: USD/CAD Rallies to Resistance as Crude Falls Bitcoin (BTC) might have tested the $40,000 support in mid-July, but according to various derivatives metrics, there has not been a significant change in investor optimism. This situation either means that price is not what they are looking to mark the end of the current bear market, or that most traders are still underwater . . . → Read More: Backwardation in Bitcoin futures contracts shows pro investors lack confidence Decentralized finance (DeFi) has shined a spotlight on a fairer internet since early 2020, and we’re on the brink of something world-changing. DeFi technology would not be possible without the web infrastructure that is widely used today, demonstrating the tremendous strides we have made with next-level innovation. The third era of the internet . . . → Read More: Striking a chord: DeFi’s domino effect on NFTs and Web 3.0 adoption Cointelegraph Magazine is a new publication that goes beyond the daily news and delves much more deeply into the stories, trends, and personalities that inspire cryptocurrency and blockchain conversations around the world. We are people-centric, delving into *why* the true believers of blockchain feel they can change the world (and why they . . . → Read More: Cat Russell Following their longest streak of selling since February 2018, institutional managers became net buyers of digital asset funds last week, offering cautious optimism that the worst of the market selloff has passed. Inflows into digital asset funds devoted to Bitcoin (BTC), Ether (ETH) and others totaled $63 million in the week ended July 2, . . . → Read More: Turning bullish? Institutions are net buyers of crypto for the first time in 5 weeks In this article, I intend to discuss the importance of market data, decentralized finance (DeFi) econometrics and applied DeFi research on crypto (and digital) assets as a corollary to financial econometrics and applied research. I will also attempt to draw upon the perspective and findings from Eugene Fama’s seminal papers based on his . . . → Read More: The rise of oracles: Institutional investors need trusted crypto market data Marshall Wace, a London-based hedge fund giant managing about $55 billion in assets, is reportedly planning a major move into cryptocurrency and blockchain investment. The hedge fund firm is preparing to launch a dedicated portfolio, targeting investments in the digital asset industry, the Financial Times reported on Tuesday. Citing anonymous people familiar with the . . . → Read More: Hedge fund giant Marshall Wace to reportedly dive into crypto Gold Talking Points: Gold just closed June as its worst month since November of 2016. Already in July Gold prices have put in a stern bounce – but does this change the big picture? The next major drivers in the rates theme are expected later this summer, keeping the door open to mean reversion . . . → Read More: Gold Price Forecast: Gold Bulls Make a Push from Neckline Support KEY POINTS ISM SERVICES: June ISM services drops to 60.1 from a record high of 64, but manages to grow for the 13th consecutive month Despite the deceleration, the data remains strong and suggests economic recovery is on course, although at a slower pace U.S. dollar ticks lower after the ISM report, although the . . . → Read More: June ISM Services Slows but Stays Healthy, Dollar Fails to Stage a Large Move MicroStrategy CEO and Bitcoin evangelist Michael Saylor recently featured in an interview to share his insights into the global macro environment alongside Bitcoin (BTC) and crypto in general. Speaking about the risks related to volatility, Saylor said, “The people that invest in Bitcoin as traders — and they don’t, they don’t have a . . . → Read More: Bitcoin volatility will always disappoint some investors: Michael Saylor Bitcoin (BTC), the largest cryptocurrency by market capitalization, has already started losing its market dominance to Ether (ETH), according to Celsius Network CEO Alex Mashinsky. In a Monday interview with Kitco News, Mashinsky argued that the Ether “flippening,” or the hypothetical scenario in which Ether overtakes Bitcoin as the world’s most valued cryptocurrency, is . . . → Read More: Ether already ‘flippening’ Bitcoin, says Celsius CEO Short USD/BRL on BCB’s Aggressive Tightening Cycle, Attractive Brazilian Real Carry The Brazilian real has been one of the best performing emerging market currencies during the second quarter of 2021, gaining more than 14% against the US dollar. BRL’s remarkable recovery may still have legs going into the third quarter, supported by improving . . . → Read More: Short USD/BRL on BCB’s Aggressive Tightening: Q3 Top Trading Opportunities Decentralized finance (DeFi) has emerged as one of the most promising real-world applications of blockchain technology, capable of reshaping the face of the global financial markets and transforming the way the average person manages their money. One DeFi focused project that has been gaining attention over the past week as the mainstream world slowly . . . → Read More: 3 reasons why Enzyme Finance (MLN) is up 92% in a week Equities Q3 Fundamental Forecast: Stocks to Enjoy Continued Economic Recovery, Seasonality a ConcernDow Jones, S&P 500, Nasdaq 100 Talking Points: Seasonality may drag on price action as the summer doldrums weigh on market activity Tight trading ranges are not inherently bearish, however, and the broader fundamental landscape remains encouraging The Dow Jones, S&P 500 and Nasdaq 100 entered the third quarter on the back of . . . → Read More: Equities Q3 Fundamental Forecast: Stocks to Enjoy Continued Economic Recovery, Seasonality a Concern Ernest & Young’s (EY’s) attempts to promote secure and private transactions over public blockchains at cheaper costs has culminated in the release of Nightfall 3. The company announced the news via a release on July 1, stating that Nightfall 3 combines zero-knowledge proofs with optimistic rollups — zk-Optimistic Rollups — to improve transaction . . . → Read More: EY publishes an Ethereum scaling solution to the public domain Long EUR/HUF, USD/HUF, Rising Interest Rates in Hungary Priced In Back at the end of June, the National Bank of Hungary became the first of the European Union’s central banks to start increasing interest rates to ward off the possibility of inflation taking off as Hungary’s economy recovers from the global downturn caused . . . → Read More: Long EUR/HUF, USD/HUF: Q3 Top Trading Opportunities The amount of Bitcoin (BTC) held on exchanges has been declining steadily since mid-May, offering reassurance that the worst of the market selloff has passed. At current levels, Bitcoin’s exchange supply is at its lowest level since early January, according to crypto analytics firm Santiment. “The 6-month low is a promising sign, as . . . → Read More: Bitcoin exchange supply hits a 6-month low as accumulation continues Ether (ETH) could rise by almost 40% against Bitcoin in the coming trading sessions, according to one analyst. So believes Michaël van de Poppe, an Amsterdam-based market analyst who predicts that the ETH/BTC exchange rate would climb from its current 0.05-0.06 sats range to as high as 0.07 sats soon. The technical chartist . . . → Read More: Ethereum price can gain 40% on Bitcoin, argues analyst as London fork nears Bitcoin (BTC) traded at crucial support near $33,000 on Monday after a weekend of gains disappeared in hours. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin futures mark fresh price targets Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing bullish performance at $35,900 to drop just over 5% on the day. The . . . → Read More: BTC price drops to fill Bitcoin futures gap as focus turns to $46.5K bull target As the Ukrainian government progresses with cryptocurrency-related legislation, a major local e-bank is preparing to launch a debit card featuring Bitcoin (BTC) trading. Ukrainian online banking application Monobank has completed a pilot integration with a cryptocurrency trading platform, Monobank co-founder Oleg Gorokhovsky announced Monday. According to the executive, the new integration will enable . . . → Read More: Ukrainian e-bank plans to offer Bitcoin trading in July Iron Ore, Global Economic Recovery, US Infrastructure Deal – Talking Points Iron ore demand driving prices higher as global recovery ramps up Pending US Infrastructure deal an additional tailwind for metals See the favorite trades from each DailyFX Analyst for the third quarter. Download our new 3Q top trading opportunities guide from the . . . → Read More: Iron Ore to Rise Further as US Infrastructure Deal Aids Recovery Outlook: Q3 Top Trading Opportunities Gold Price Forecast: Gold regains confidence despite bullish NFP report Inflation and unemployment to remain at the forefront of risk-sentiment, at least for now FOMC Minutes will likely be next major event risk for Gold traders Advertisement Gold prices continue to serve as a primary indication of current economic conditions, edging slightly higher . . . → Read More: Gold (XAU/USD) Forecast: Gold Holds Firm Despite Positive NFP Report China’s regulatory crackdown on cryptocurrencies continues to alienate major miners. Dubai-based investment company IBC Group reportedly plans to end Bitcoin (BTC) and Ether (ETH) mining operations in China following ban announcements from the different provinces across the country. The group has major mining operations in China and plans to distribute its operations to . . . → Read More: China crypto ban a ‘huge opportunity for Canada,’ mining group head says Bitcoin (BTC) starts a new week in familiar territory after a weekend of solid gains ended in a drawdown — what’s in store? With another rally to near $36,000 under its belt, the largest cryptocurrency is showing signs of strength, but old resistance levels remain in place. The conditions are complex — the ongoing . . . → Read More: An even bigger mining difficulty drop? 5 things to watch in Bitcoin this week Advertisement Q3 Gold Forecast Overview: Shifts in the US Treasury yield curve, on balance, suggesting a period with stronger short- and intermediate-term rates, has been consistent with a stronger US Dollar and weaker gold prices. The expectation that the combination of loose monetary policy and expansionary fiscal policy will soon end has started . . . → Read More: Gold Q3 Fundamental Forecast: Outlook Deteriorates for Gold Prices Key Talking Points: Central banks to be in the spotlight in the coming months BOC expected to act before ECB to curb price pressures Ever since economies started recovering from the Covid-19 pandemic shock, the talk of the town has been inflation and monetary policy. There is no doubt that central banks are . . . → Read More: Short EUR/CAD on Central Bank Differences: Q3 Top Trading Opportunities Ether’s (ETH) $230-million options expiry on Friday appears to have shifted market sentiment in favor of the bulls, at least momentarily, as investors remain cautiously optimistic about the upcoming London hard fork and the prospect that Bitcoin (BTC) has established a firm bottom. ETH price update ETH rose more than 6.5% to $2,370 on . . . → Read More: Ether price hits 2-week high as London hard fork momentum builds USDCAD and Gold Talking Points: The Dollar ended the first half of 2021 with a strong rally, but the fundamental backdrop will make for a difficult environment to foster this recovery Should the Fed’s efforts prove successful in keeping the Greenback in check, there is some high-timeframe anti-USD potential in pairs like USDCAD The . . . → Read More: Short USD/CAD on 1.2000 Break, Short Gold as Monetary Policy Shifts: Q3 Top Trading Opportunities Rand Fundamental Backdrop The rand has displayed robust defiance throughout Q2 despite persistent local economic and political woes. This is no surprise as throughout the COVID-19 pandemic, the ZAR has predominantly been driven by external global factors. Risk sentiment has played a continual role in dictating rand trends along with its Emerging Market . . . → Read More: Long USD/ZAR: South African Rand May be Losing Steam: Q3 Top Trading Opportunities GBP/JPY, BRITISH POUND, JAPANESE YEN – TOP TRADE IDEA, Q3 2021: Japanese Yen supported as the Fed moves up rate hike timeline Bets on structural disinflation give Japan a real yield advantage Pound may suffer outsized losses vs. JPY, topping pattern eyed The Japanese Yen rose in the wake of June’s momentous FOMC . . . → Read More: GBP/JPY May Fall as the Fed Feeds Yen Real Yield Advantage: Q3 Top Trading Opportunities Bitcoin (BTC) faces the prospects of reaching $47,500-$50,000 based on its current trend’s eerie similarity with the one in June through December 2019. 2019 Bitcoin fractal In detail, Bitcoin topped out around $14,000 on June 26, 2019, before turning lower for the remainder of the year on profit-taking sentiment, and as well as FUD . . . → Read More: Bitcoin fractal setup from 2019 hints BTC price can rebound back to $50K About 2,000 years ago during its Han dynasty, China made peace with some of the nomadic people of Central Asia who continuously ransacked Silk Road traders for an easy payday. It did so in order to fully establish the Silk Road trade route, which stretched from China to Europe, and to secure a . . . → Read More: Are cryptocurrency ransom payments tax-deductible? Cointelegraph Magazine is a new publication that goes beyond the daily news and delves much more deeply into the stories, trends, and personalities that inspire cryptocurrency and blockchain conversations around the world. We are people-centric, delving into *why* the true believers of blockchain feel they can change the world (and why they . . . → Read More: Sabet Short: AUD/USD Pending Short: AUD/JPY AUD/USD Weekly Chart Source: Trading View AUD/USD trades to a fresh 2021 low (0.7477) in June as Federal Reserve officials project two rate hikes for 2023, and the exchange rate may continue to give back the V-shape recovery from 2020 as the Reserve Bank . . . → Read More: Australian Dollar Correction Brewing: Q3 Top Trading Opportunities Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin mining difficulty just fell by a record 28% . . . → Read More: ‘Make or break’ for Bitcoin, Binance under pressure, Strike attacks Coinbase: Hodler’s Digest, June 27–July 3 Japanese Yen, USD/JPY, Fed, Inflation, Inelastic Travel Demand – Third Quarter Fundamental Forecast Japanese Yen weakness slowed in the second quarter, road ahead not easy A key upside factor for USD/JPY remains a less-dovish Federal Reserve Inelastic travel demand, vaccination rates may keep US inflation elevated To read the full Japanese Yen forecast, . . . → Read More: Yen Q3 Fundamental Forecast: Road Ahead Remains Tough Whales can be bashful and clever creatures, but when you manage to catch one in action it’s a sight to behold — consider, for instance, the single entity responsible for depositing 100k ETH into the Eth 2.0 deposit contract from 133 different addresses last week. Deposits into the ETH 2.0 staking contract have been . . . → Read More: Finance Redefined: The $500 million bet on ETH 2.0 making waves! June 24-July 1 US Dollar Index holds yearly opening-range into Q3 – breakout pending DXY testing critical resistance confluence into July open Constructive above 90.82– breach / close above 93 needed to validate DXYWeekly Price Chart Into the start of Q2 our DXY outlook concluded that, “Bottom line: looking for topside exhaustion early in . . . → Read More: US Dollar Recovery Back at Make-or-Break Resistance – Q3 Top Trading Opportunities In the whirl of excitement and debate over where cryptocurrencies are going and whether they are legitimate, sustainable and prudent investments, there is an overshadowed conversation of interest to those in marketing: Are Bitcoin (BTC), Ether (ETH), Cardano’s ADA, Litecoin (LTC), XRP, Dogecoin (DOGE), etc., crypto brands? And, if so, how are those . . . → Read More: Cryptocurrency and the rise of the user-generated brand Long GBP/JPY – Multi-Year Trendline Under Pressure GBP/JPY long-tern downtrend under threat A confirmed break above 156.00 opens the way higher. GBP/JPY is up around 30 big figures from the spike low made in mid-March 2020 with the daily chart showing a series of higher highs and higher lows printed along the way. . . . → Read More: Long GBP/JPY: Q3 Top Trading Opportunities Advertisement Q3 Top Opportunities Overview: Despite some twists and turns, the first half of the year was indeed about the growth story, and heading into 3Q’21, it appears that the tune will remain the same. The long US equities story is set to continue into the second half of the year. As long . . . → Read More: Crude Oil Gains to Persist; Stocks to Stay on Their Rocket: Q3 Top Trading Opportunities Whether a potential sell-off of shares tied to a multi-billion dollar Bitcoin (BTC) investment fund could crash the cryptocurrency’s spot prices has turned into a hotly debated topic among the analysts in the space. Grayscale’s premium remains negative for months The argument concerns Grayscale Bitcoin Trust, the world’s largest digital assets manager that allows . . . → Read More: Is Bitcoin in danger of losing $30K with Grayscale’s big GBTC unlocking in two weeks? Crypto and blockchain enthusiasts take pride in belonging to a community that is working on the future of financial systems. Yet, the community is innately fragmented thanks to multiple blockchains working independently of each other. The dream of mass adoption of blockchain and decentralized finance faces a major hurdle: a lack of interoperability. . . . → Read More: Trustless bridges may be the key to blockchain interoperability Bitcoin (BTC) has recorded its biggest mining difficulty drop of nearly 28% on July 3, but one model suggests that the BTC price will not bottom until October. In a series of tweets on July 2, investment manager Timothy Peterson flagged the relationship between Bitcoin price and hash rate as arguable evidence that the . . . → Read More: Bitcoin mining difficulty just fell by a record 28% — But will this help BTC price recover? Choppy markets have defined the crypto space since Bitcoin (BTC) sold off on April 19, and indecisive markets like these can test the patience and fortitude of even the most dedicated traders and analysts, especially when the incessant calls for a bottom are met with lower lows. While the periods of low trading volume . . . → Read More: Altcoin Roundup: Smart investors don’t just buy dips, they dollar-cost average According to publicly available data from the University of Cambridge Centre for Alternative Finance and the International Energy Agency, or IEA, bitcoin (BTC) carbon emission intensity may have already peaked. The environmental impact of bitcoin’s electricity usage is a favorite talking point of its critics and journalists on the crypto beat. But taking . . . → Read More: Cambridge and IEA data shows bitcoin carbon intensity peaked last year Bitcoin (BTC) price remains relatively unchanged on the 24-hour chart, down 0.56% and trading around $33,200 at the time of writing. The overall cryptocurrency market traded flat on July 2 with the approach of the Fourth of July holiday weekend in the United States. The lackluster trading volume coincided with a slight decline in . . . → Read More: Axie Infinity (AXS) and Waves make gains as Bitcoin flatlines below $34K GOLD & SILVER PRICE FORECAST – RALLY TO RESUME IN Q3 IF FED TABLES TAPER TALKS I’ve been racking my brain for the final two weeks of Q2 trying to come up with a top trade idea for the upcoming quarter. This is largely predicated on my lack of conviction for the general . . . → Read More: Gold, Silver Price Pullback Could Provide Attractive Opportunities in Q3 US Dollar Fundamental Talking Points: US Growth Is Still Leading the Developed World The Fed’s Timetable and the Market’s Patience Always the Possibility of a Crisis The US Dollar had everything aligned to its favor through the first half of 2021 and yet the currency struggled to gain serious traction. Some may say . . . → Read More: Dollar 3Q Forecast: Fed's Efforts to Temper Volatility Could Trip Up Greenback CAD/JPY Talking Points: This is part of the DailyFX Q3 Top Trades. See the favorite trades from each DailyFX Analyst for the third quarter. Download our new 3Q top trading opportunities guide from the DailyFX Free Trading Guides. Yen weakness returned in Q2 as the risk-on trade ran with a full head of . . . → Read More: CAD/JPY Bullish Breakout Potential Near Five-Year-Highs: Q3 Top Trading Opportunities Robinhood (HOOD) Registration statement filed for Initial Public Offering Robinhood has made headline news as it pushes forward with its announcement in March to go public which could take place in late Q2. According to analysts, the company could be worth as much as $40 billion. Robinhood Markets, Inc. is a financial services . . . → Read More: Robinhood IPO, Non-Farm Payrolls & OPEC+ – FinTwit Trends to Watch A recent run-down in the Bitcoin (BTC) market faces the prospects of exhaustion before confirming a full-fledged bearish breakdown, so reflects a classic momentum-based oscillator. RSI forming higher lows Dubbed as Relative Strength Index, or RSI, the indicator measures the speed as well as change of directional price movements. It operates within a set . . . → Read More: Bitcoin’s key momentum metric hints at bullish divergence as BTC clings to $33K Throughout Bitcoin’s historic price surges and falls, investors have tried and failed to employ traditional markers to make sense out of the volatile trends. CNBC recently conducted a survey on a group of portfolio managers and equity strategists to understand the inner sentiment of the fintech community toward Bitcoin. Answering the survey for . . . → Read More: 44% of investors expect Bitcoin to drop below $30K in 2021: CNBC survey Analysis: NFP mixed data halting the dollar’s recent run of strength Rapid rise in Delta variant infections continues to burden SA economy Key descending trendlines in focus – could we see the emergence of higher highs? Advertisement ZAR Gains Shortly After NFP Data Release The ZAR gained against the USD, Sterling and Euro . . . → Read More: Post NFP Rand Price Setups: USD/ZAR, GBP/ZAR and EUR/ZAR The Portland Trail Blazers, an American professional basketball team competing in the National Basketball Association (NBA), is moving into the cryptocurrency industry with a new partnership. The NBA announced Thursday that the Trail Blazers has landed the league’s first jersey patch sponsorship program with StormX, a blockchain company allowing users to earn crypto . . . → Read More: NBA’s Portland Trail Blazers to wear crypto logo for next five years It is no longer possible to download the Bitcoin Core software from Bitcoin.org if you visit the website with a United Kingdom internet protocol (IP) address. A notice on the website reads: “This software is presently not available for download in the UK, and download links will not work if you are located . . . → Read More: Bitcoin.org blocks access to Bitcoin software download in the UK At 13, it is hard to believe that anyone can understand the potential — and responsibility and danger — of holding private keys to half a million dollars while living life as a normal seventh-grader in India. What makes the case of Gajesh Naik, the 13-year-old decentralized finance (DeFi) wunderkind from Goa, so unique . . . → Read More: Child’s play: Gajesh Naik, 13, manages a fortune in DeFi The number of addresses active on the Bitcoin network has crashed roughly 60% in the past six weeks from 1.3 million to roughly 500,000. The collapse in activity has seen Ethereum overtake Bitcoin by the number of active addresses, with the Ethereum network hosting roughly 200,000 more active wallets than Bitcoin on Friday. It . . . → Read More: Bitcoin’s active addresses fall below Ethereum’s after 60% drop in six weeks Ether’s (ETH) $1.5-billion monthly expiry on June 25 was slightly favorable for bears, and at the time, Cointelegraph reported that the $2,200 price was critical to eliminate 73% of the neutral-to-bearish put options. However, bulls were unable to sustain their advantage because the expiry price was near $1,950. In the end, the protective put . . . → Read More: Ethereum bulls chase $2,200 ahead of Friday’s $230M ETH options expiry The launch of the energy efficient Ethereum 2.0 network will popularize the proof-of-stake consensus mechanism and make staking yields a more attractive source of income for both institutional and retail investors according to a new JPMorgan report. The authors estimate that holders of staked coins on PoS blockchains are currently generating some $9 . . . → Read More: JPMorgan report: Eth2 could kick-start $40B staking industry by 2025 US DOLLAR PRICE OUTLOOK: ALL EYES ON NONFARM PAYROLLS REPORT Broad-based US Dollar strength is propelling the DXY Index to 12-week highs ahead of NFPs US Dollar bulls are flexing their muscles due to the threat that FOMC officials may taper QE Nonfarm payrolls might need to top 845K to catalyze a sustained breakout . . . → Read More: US Dollar Forecast: NFP Preview with Fed Policy & Market Impact Brazilian real and Mexican Peso Outlook: Latin American currencies weaken on coronavirus risk in the first day of July The Brazilian real leads losses and tumbles against the U.S. dollar, Mexican peso also falls, but its decline is more moderate On Friday, investors’ attention will shift to the U.S. employment report Advertisement Most . . . → Read More: Covid Virus Risks Weigh on Latam FX; USD/BRL and USD/MXN Spike Higher Choppy markets after a major pullback offer ample time to take a survey of the cryptocurrency landscape and find solid projects with improving fundamentals that have caught the attention of analysts and tokenholders. One project that has piqued the interest of many, including researchers at Delphi Digital, is Curve Finance, a decentralized exchange for . . . → Read More: 3 reasons why analysts are turning bullish on Curve Finance (CRV) Advertisement Euro Outlook: Euro Not Struggling Everywhere Much of the talk around the Euro these days is negative because of the USD-centric bias among market participants. As attention focuses on the gains in the DXY Index, EUR/USD rates have come under scrutiny as it appears a significant technical breakdown may be gathering . . . → Read More: Euro Technical Analysis: EUR/GBP, EUR/JPY, EUR/USD Rates Outlook Bitcoin (BTC) needs to stay above $29,000 to preserve the bullish case in the short term, famous trader Peter Brandt has warned. In a tweet on July 1, Brandt, well known for his shrewd BTC price calls in recent years, warned that the onus was on bulls to show Bitcoin’s strength. Brandt: Bitcoin daily . . . → Read More: ‘Negative’ Bitcoin daily chart means bulls must defend $29K — Peter Brandt Gold Price Forecast Gold just finished its worst month since November of 2016. After November 2016, the Fed hiked eight times over the next two years. When the Fed began to shift back into a cutting cycle in 2019, Gold prices began to rally and continued to do so through the pandemic, hitting a . . . → Read More: Gold Price Forecast: Is the Bullish Trend Dead and Done? The United States’ Financial Crimes Enforcement Network will continue to closely follow the cryptocurrency industry as one of its top priorities for combating crimes like money laundering. FinCEN officially announced Thursday that “virtual currency considerations,” or operations involving cryptocurrencies like Bitcoin (BTC), will be among its top national priorities for countering terrorism financing . . . → Read More: FinCEN lists cryptocurrencies as top AML and CFT priorities Canadian Dollar Talking Points The recent rebound in USD/CAD appears to be stalling as it struggles to extend the series of higher highs and lows from earlier this week, but the update to the US Non-Farm Payrolls (NFP) report may keep the exchange rate afloat as employment is expected to increase for the . . . → Read More: USD/CAD Rebound Unravels Ahead of US Non-Farm Payrolls (NFP) Report Bitcoin (BTC) closed its third red monthly candle in a row this week as a popular analyst likened BTC price action to January 2019. In a tweet on Thursday, PlanB said that BTC/USD is now the furthest away from his stock-to-flow model’s estimates in over two years. Stock-to-flow “make or break” After May’s huge . . . → Read More: Bitcoin posts third monthly red candle with stock-to-flow price model echoing early 2019 As Kazakhstan becomes increasingly popular for cryptocurrency mining, the country’s president has signed a new law introducing an extra levy for crypto miners. President of the Republic of Kazakhstan Kassym-Jomart Tokayev recently signed last a new law that imposes an additional tax fee for energy utilized by crypto miners operating in the country. The new . . . → Read More: Kazakhstan to introduce new energy fees for crypto miners in 2022 Twitter CEO Jack Dorsey has again rejected the idea of him buying into Ether (ETH) despite the social media platform’s activities with Ethereum-based nonfungible tokens (NFT). On Wednesday, the social media platform announced a giveaway through Rarible, a major NFT platform utilizing the Ethereum blockchain network for minting digital collectible tokens. But despite . . . → Read More: Twitter CEO Jack Dorsey keeps saying ‘no’ to Ethereum USDC has grown much faster than Tether (USDT) in 2021 and it is emerging as the dominant stablecoin on Ethereum thanks to its popularity in DeFi according to Messari. Research by the analytics firm revealed that the demand for USD Coin has grown so much that it has consumed a large chunk of . . . → Read More: Messari: USDC set to become ‘dominant’ stablecoin on Ethereum The inventor of the World Wide Web, Sir Tim Berners-Lee, has sold an NFT of the web’s source code for $5.4 million at fine art auction house Sotheby’s. The piece titled ‘This Changed Everything’ includes a time-stamped file of the source code’s 9,555 lines, a high-fidelity image, a 30-minute animation of the code . . . → Read More: Bargain? World Wide Web’s source code NFT sells for $5.4M at Sotheby’s US DOLLAR PRICE OUTLOOK: DXY INDEX CLIMBS TO FRESH POST-FOMC HIGHS US Dollar bulls made a strong push to close out the first half of the year 2.7% higher DXY Index might challenge trend resistance as economic data weighs on Fed taper bets Bookmark and revisit our Real Time News page for timely market . . . → Read More: US Dollar Outlook: DXY Index Extends Rally Ahead of PMIs, NFPs Derivatives data shows that Ether (ETH) traders are feeling less bullish when compared to Bitcoin (BTC). Even though the altcoin captured a nearly 200% gain in the first half of 2021 versus Bitcoin’s modest 22% price increase, traders seem to be more affected by Ether’s recent underperformance. Institutional flow also backs the decreased optimism . . . → Read More: Here’s why pro traders expect further downside from Ethereum price Cointelegraph Magazine is a new publication that goes beyond the daily news and delves much more deeply into the stories, trends, and personalities that inspire cryptocurrency and blockchain conversations around the world. We are people-centric, delving into *why* the true believers of blockchain feel they can change the world (and why they . . . → Read More: It’s Digi MEXICAN PESO KEY POINTS: USD/MXN price action has remained subdued in the last few days ahead of a key holiday in the United States U.S. NFP data on Friday, however, could spark volatility in the FX market In this article we analyze the main technical levels to watch in the USD/MXN for the rest . . . → Read More: Mexican Peso Short-Term Outlook Hinges on NFP Data, Levels to Watch in USD/MXN [embedded content] S&P 500 Price Forecast: The S&P 500 has seen some of its tightest daily trading ranges in the last three years this week History suggests the trend of low volume and volatility may persist as summer progresses Holiday trading conditions may distort upcoming price action – Stock Market 2021 Holiday . . . → Read More: S&P 500 Forecast for the Week Ahead: The Summer Doldrums Drag On Oil Price Talking Points The price of oil holds near the yearly high ($74.45) as US inventories contract for seven consecutive weeks, and signs of stronger demand may keep the Organization of the Petroleum Exporting Countries (OPEC) on track to gradually restore production as the group sticks to the production adjustment table from . . . → Read More: Oil Price Resilience Pushes RSI Towards Overbought Territory Again Ethereum 2.0 is approaching what some are calling a major milestone in its short history — 6 million staked Ether (ETH). The Ethereum Launchpad, Ethereum 2.0’s portal for validators to stake their coins, shows some 5.9 million staked Ether and almost 180,000 validators powering the blockchain Wednesday. That averages out to just slightly . . . → Read More: Ethereum 2.0 approaches 6 million staked ETH milestone Bitcoin price staged a mild resurgence at the start of this week but data from Glassnode suggests that its new BTC investors who came late to the party and are dumping their positions in a panic. This transfer of crypto assets from speculators or momentum chasers to long-term investors is a positive sign. This lays . . . → Read More: Price analysis 6/30: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC CANADIAN DOLLAR TECHNICAL PRICE OUTLOOK: USD/CAD WEEKLY TRADE LEVELS USD/CAD has started to show consolidation after the bullish bounce driven by the June FOMC rate decision. After a prolonged sell-off, bears were thwarted in early-June with a swing-low just above the 1.2000 handle. But after that failed breakdown, buyers have become progressively more bullish . . . → Read More: Canadian Dollar Forecast: USD/CAD Bounce from Key Zone – Loonie Levels Bitcoin (BTC) is printing a new price indicator this month — and it may not involve anything more than the day of the week. In its latest Telegram market update on June 30, crypto trading firm QCP Capital revealed its “Turnaround Tuesdays” indicator had caught all of the past month’s BTC price extremes. Bitcoin . . . → Read More: Coincidence? Bitcoin saw its highs and lows on ‘Turnaround Tuesdays’ in June The realm of metaverses is growing, with gaming, nonfungible tokens and contemporary performance art all contributing to create interactive and immersive digital-only ecosystems. “Welcome to Lobsteropolis District of Lobster Land” is the welcome notice that greets netizens upon entering Lobsteropolis city. Existing within the blockchain-based virtual world Decentraland, Lobsteropolis is a digital-only city based . . . → Read More: Bringing contemporary pop art to an NFT metaverse Over the years, Bitcoin has been able to overcome naysayers by frequently reinventing its narrative. Because Bitcoin (BTC) is multifaceted, it is able to quickly change to confront new criticism. We have seen this over the years. For example, Bitcoin used to be frequently assailed by the media for its volatility — many . . . → Read More: Bitcoin’s evolving narratives make it antifragile Bitcoin (BTC) kept traders guessing with rangebound action on June 30 after a push beyond the $37,000 resistance ended in rejection. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Wyckoff stresses $32,300 support Data from Cointelegraph Markets Pro and TradingView showed a day of reversal for BTC/USD on Wednesday, with the pair down 4.5% to hit . . . → Read More: Bitcoin sees 4.5% dip amid warning BTC price indicator bottom may still come India’s reserve bank has long since condemned the use of cryptocurrencies, but other than the Supreme Court striking down its 2018 bill last year, the Indian government’s stance on cryptocurrencies has been largely uncertain. On one hand, top sources tracking the government’s stance say it has shifted away from the idea of a . . . → Read More: Slow, but not steady: India’s stance on Bitcoin and crypto is evolving The Australia Securities and Investments Commission (ASIC) is seeking public feedback on on crypto-asset exchange-traded products (ETPs), stating that it is aware of rising interest and demand in their launch on regulated Australian markets. In a consultation paper released June 30, the regulator said its top priority was to assess whether the “unique and . . . → Read More: Australian regulators seek public input on crypto ETPs ISM MANUFACTURING KEY POINTS: The Institute for Supply Management will publish on Thursday its June Manufacturing PMI report The market expects manufacturing activity to pull back slightly to 61, down from 61.2 in May. This rate of expansion would still represent above-trend growth A red-hot print, although good over the medium term, may trigger . . . → Read More: S&P 500 Looks to ISM Manufacturing for Next Price Action Driver – a Preview On May 19, the total cryptocurrency market capitalization nosedived by 19% and has since failed to recover to the $1.8 trillion mark. More than 40 days have passed, and investors have begun to question what could happen to altcoins if the current bear market takes longer than expected to recover. Before digging into that, . . . → Read More: Bulls are back, but regulatory fears hamper the DeFi and altcoin recovery US Dollar Price Forecast: US Dollar Price Forecast: DXY Breakout on Hold, Awaiting Catalyst The US Dollar has been in the driver’s seat following the June FOMC meeting but seasonal market conditions have worked to stall price action. As a result, the Dollar’s breakout has been put on hold and topside progress has . . . → Read More: US Dollar Price Forecast: DXY Breakout on Hold, Awaiting Catalyst Bitcoin, Ethereum Talking Points: Cryptocurrency markets were falling dramatically last week, but after support set on Saturday for Bitcoin and Ethereum, buyers have been pushing the trend higher. Both Bitcoin and Ethereum have recent tests of longer-term support coupled with short-term higher-highs and higher-lows. But there’s a subtle but important difference between the two . . . → Read More: Bitcoin (BTC/USD), Ethereum (ETH/USD) Take on Tone of Recovery |
|
|||
|
Copyright © 2024 bitcoin, btc, cryptocurrency, investment, trading, ptc, gpt, online business opportunity - All Rights Reserved |
|||||
