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European Central Bank (ECB) president and prominent Bitcoin (BTC) critic Christine Lagarde has shared a family story about unsuccessful cryptocurrency investments, according to a report from Reuters. Lagarde told students at a town hall in Frankfurt on Nov. 24 that her son lost “almost all” of his investments in crypto assets despite persistent . . . → Read More: Bitcoin critic, ECB chief Lagarde says her son ‘ignored’ her, lost money on crypto: Report Gold (XAU/USD) Analysis, Prices, and Charts Gold looking to push higher despite quiet conditions. Gold ignoring higher US bond yields. Recommended by Nick Cawley Traits of Successful Traders Get My Guide DailyFX Economic Calendar Gold is edging higher in a quiet market and looks ready to . . . → Read More: Gold (XAU/USD) Price Setting Up for a Re-Test of Multi-Month Highs Japanese Yen News and Analysis Month on month Japanese inflation rose at its fastest pace in 10 years Extreme short yen positioning yes to be tested during thin, holiday affected trading USD/JPY on track for a flat two-day period ahead of Thanksgiving weekend The analysis in this article makes use of chart patterns and . . . → Read More: Japanese Inflation (MoM) Accelerates to 10-Year High, USD/JPY Holds Firm Bitcoin (BTC) bulls kept the pressure on 18-month highs on Nov. 24 as analysis eyed buyer interest spiking. BTC/USD 1-hour chart. Source: TradingView Bitcoin fights for new 18-month high Data from Cointelegraph Markets Pro and TradingView showed the BTC price trajectory heading upward into the Wall Street open. The largest cryptocurrency saw increasing momentum . . . → Read More: Bitcoin buyer pushes BTC price past $38K as traders demand key breakout Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, Nasdaq 100 – Analysis and Charts ???FTSE 100 continues to be side-lined ?The FTSE 100 continues to be range bound below the 55-day simple moving average (SMA) at 7,505. Despite UK consumer confidence rising in November a negative bias has been seen . . . → Read More: DAX 40, Nasdaq 100 on Track for Fourth Straight Week of Gains while FTSE 100 Lags The saga of Terraform Labs co-founder Do Kwon continues to unfold, with a court in Montenegro approving his extradition to either South Korea or the United States. The High Court of Podgorica has determined the legal requirements for Kwon’s extradition, according to an official statement posted on the court’s website on Nov. 24. As . . . → Read More: Do Kwon extradition approved by Montenegro court Cathie Wood’s investment firm, ARK Invest, has sold 700,000 shares of the Grayscale Bitcoin Trust (GBTC) over the past month, even as Bitcoin (BTC) hit 17-month highs over excitement for a possible spot Bitcoin exchange-traded fund (ETF). The ARK Next Generation Internet ETF (ARKW) sold 36,168 GBTC shares on Nov. 22, offloading a total . . . → Read More: Cathie Wood’s ARK dumps 700K GBTC shares in one month The Austrian subsidiary of European lender Raiffeisen Bank is preparing to allow its clients to trade cryptocurrencies like Bitcoin (BTC) in the coming months. After initially announcing its crypto plans in April 2023, Raiffeisen Bank’s Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien) is moving forward with a crypto rollout in collaboration with the Austrian crypto firm . . . → Read More: Raiffeisenlandesbank to launch Bitcoin trading in early 2024 EUR/USD ANALYSIS Mixed euro area inputs are providing no firm guidance as to the path forward. German Ifo business climate report and ECB officials under the spotlight. EUR/USD consolidating in anticipation of fundamental catalysts. Elevate your trading skills and gain a competitive edge. Get your hands on the Euro Q4 outlook today for . . . → Read More: Euro Price Forecast: EUR Weakens on German GDP Markets commentator Jim Cramer has tacitly admitted he was wrong about Bitcoin (BTC), saying he was premature in calling for investors to sell the cryptocurrency. In a Nov. 22 segment of his CNBC Mad Money show, Cramer responded to a caller who inquired about buying shares in Bitcoin miner CleanSpark, saying that anyone . . . → Read More: Jim Cramer admits he was wrong about Bitcoin — ‘I was premature’ The market has already entered the first phase of a major rally, with the number of people buying crypto trickling upward, which is expected to accelerate early next year, the heads of Australia’s largest crypto exchanges believe. Independent Reserve CEO Adrian Przelozny told Cointelegraph he expects market activity to see an uptick in . . . → Read More: ‘Strap yourselves in’ — Bull market coming early 2024, say crypto exchange heads Our weekly roundup of news from East Asia curates the industry’s most important developments. HTX exchange hacked… again In the fourth hack affecting the HTX (formerly Huobi Global) ecosystem in just two months, the exchange lost $30 million via a hot wallet hack that occurred on Nov. 22. In its Nov. 23 announcement, the . . . → Read More: HTX hacked again for $30M, 100K Koreans test CBDC, Binance 2.0: Asia Express DXY, EUR/USD, GBP/USD PRICE, CHARTS AND ANALYSIS: Most Read: Bitcoin Steady as Coinbase (Coin) Emerges as Winner from Binance Saga Recommended by Zain Vawda The Fundamentals of Trend Trading Get My Guide US DOLLAR FUNDAMENTAL BACKDROP The US Dollar Index (DXY) has struggled to maintain the upside . . . → Read More: US Dollar Price Action Setups: DXY, EUR/USD, GBP/USD Ether’s (ETH) price is trading slightly higher on Nov. 23, maintaining support above the $2,000 level after briefly retesting $1,930 on Nov. 21. Over the past week, Ether’s price has increased by 2.5%, while the total market capitalization has grown by 0.5%. This uptrend can be attributed to improved decentralized applications (DApps) metrics, increased . . . → Read More: Ethereum (ETH) price reclaims $2K as data shows a surge in network activity BITCOIN, CRYPTO KEY POINTS: Bitcoin Remains Below the $38k Mark as Rangebound Trade Continues. Crypto Industry Relatively Calm Despite Record Breaking Binance Fine and New CEO for the World’s Largest Crypto Exchange. Coinbase Appears to be an Unlikely Winner as it Continues to Advance. To Learn More AboutPrice Action,Chart Patterns and Moving Averages,Check . . . → Read More: Bitcoin Steady as Coinbase (Coin) Emerges as Winner from Binance Saga Gold (XAU/USD) Analysis Gold expected to underwhelm this Thanksgiving weekend amid thin trading XAU/USD reveals an aversion to trading above $2000 as ceasefire tests safe haven appeal USD and Treasury yields remain a factor as markets lower expectations of rate cuts next year The analysis in this article makes use of chart patterns . . . → Read More: Gold Cautious Above $2000 on Thin, Holiday Affected Trading Bitcoin (BTC) may not reclaim $40,000, despite increasing excitement over a spot exchange-traded fund (ETF). In recent analyses, crypto market participants have started to reconsider just how bullish the ETF narrative really is for BTC price action. Trader: “Not sure” BTC price will reach $42,000 The dust continues to settle on the United States . . . → Read More: Bitcoin to $1M post-ETF approval? BTC price predictions diverge wildly Japanese Yen (JPY) Analysis and Charts • USDJPY retreat has slowed into the Thanksgiving Break • Latest Fed Minutes were seen as hawkish • Japanese inflation numbers come as BoJ policy is in focus Recommended by David Cottle Get Your Free JPY Forecast Get My Guide The . . . → Read More: Japanese Yen (JPY) Pares Some Losses As Key Inflation Data Near RAND TALKING POINTS & ANALYSIS SARB keeps rates at 8.25% since their last hike in May 2023. Low trading volumes today will likely extend throughout the remaining trading session. USD/ZAR hovers around key resistance. Macro-economic fundamentals underpin almost all markets in the global economy via growth, inflation and employment – Get you FREE . . . → Read More: ZAR Breaking News: Rand Unmoved by SARB Pause The conventional wisdom of the cryptoverse is that there is a boom-and-bust cycle to the blockchain and cryptocurrency industry. This cycle is led by the “King of Cryptos,” Bitcoin. Bitcoin (BTC) is programmatically set to have a halving cycle roughly every four years, which cuts the supply of new coins awarded to miners in . . . → Read More: Bitcoin supercycle 2024: Is this the cycle to end them all? A Bitcoin user paid 83.7 Bitcoin (BTC), worth $3.1 million, in transaction fees for transferring 139.42 BTC. The transaction fee of $3.1 million is the eight-highest in Bitcoin’s 14-year history. The BTC wallet address bc1qn3d…wekrnl tried transferring 139.42 BTC to bc1qyf…km36t4 on Nov. 23, only to pay more than half the actual value in . . . → Read More: Bitcoin user pays $3.1M transaction fee for 139 BTC transfer After a long and dramatic presidential race, libertarian candidate Javier Milei triumphed in Argentina’s presidential election on Nov. 19. Milei promises to abolish the country’s central bank, among a slew of other radical policy changes capturing the attention and imagination of the crypto community. With 99% of the vote counted on Sunday, Nov. . . . → Read More: Milei presidential victory fuels optimism in Argentina’s Bitcoin community GBP/USD Analysis and Charts Better than expected PMI data underpins Sterling’s recent rally. Cable (GBP/USD) prints a fresh 10-week high. For all market-moving economic data and events, see the DailyFX Calendar ?The latest UK S&P Global PMIs beat both last month’s prints and expectations earlier today, with the all-important services sector leading the . . . → Read More: British Pound Latest: GBP/USD Boosted by Positive PMI Data Tron founder Justin Sun’s crypto businesses have come under repeated attacks from hackers over the past two months, with at least four hacks on platforms related to the crypto entrepreneur. Sun’s HTX crypto exchange has been hacked at least twice since the platform rebranded from Huobi on Sept. 13, 2023. The first HTX hack . . . → Read More: Justin Sun-related crypto platforms hacked 4 times in 2 months Article by IG Senior Market Analyst Axel Rudolph FTSE 100, CAC 40, DAX40: Analysis and Charts ???FTSE 100 continues to be side-lined ?The FTSE 100 still range trades below its 55-day simple moving average (SMA) at 7,506 following the chancellor’s autumn statement which despite promising significant tax cuts leaves the UK tax burden at . . . → Read More: FTSE 100, CAC 40 and DAX 40 Quietly Advance in Low Volume Trading??? Bitcoin (BTC) took fresh aim at $38,000 into Nov. 23 as an “aggressive bid” dispelled cold feet over Binance’s $4.3 billion fine. BTC/USD 1-hour chart. Source: TradingView Bitcoin analysis: “Something is cooking” Data from Cointelegraph Markets Pro and TradingView showed BTC price strength making a striking comeback to top out at $37,870. A subsequent . . . → Read More: Bitcoin ETF hype returns as ‘aggressive bid’ sends BTC price near $38K Euro Analysis German manufacturing and services sectors register meagre surprise to the upside EUR/USD rises but pulls back to levels observed ahead of the release Few catalysts this week point to potentially lower volatility as markets speculate on 2024 rate cutting cycle The analysis in this article makes use of chart patterns and . . . → Read More: EUR/USD Price Update: German PMI Points Towards Shallow Downturn AUD/USD ANALYSIS & TALKING POINTS Australian PMI’s concerning but encouraging news from China and a weaker USD keep the AUD elevated. Thanksgiving Day sees no additional high impact data scheduled for today. AUD/USD faces key resistance at 200-day MA. Elevate your trading skills and gain a competitive edge. Get your hands on the . . . → Read More: AUD Price Forecast: Aussie Dollar Shakes Off Weak PMI’s Binance’s $4.3-billion settlement with the United States was the final hurdle before the country’s securities regulator approves spot Bitcoin (BTC) exchange-traded funds (ETFs), many industry watchers claim. The settlement involved Binance agreeing to Justice Department and Treasury compliance monitors for up to five years, allowing the agencies sweeping powers to keep the exchange . . . → Read More: Is Binance’s $4B settlement the green light for spot Bitcoin ETFs? AUD/USD, GBP/AUD PRICE, CHARTS AND ANALYSIS: Most Read: Gold Price Forecast: Rejection at $2000 Level Leaves the Door Open for a Move Lower Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team . . . → Read More: Australian Dollar Price Action Setups: AUD/USD, GBP/AUD As the year winds down, every gaming company and its dog are dropping year-in-review reports. A recent report from blockchain gaming accelerator Game7 suggests that many game developers had an enforced nap instead of pumping out new games. This year, just 223 Web3 games were launched, a 65% drop from the 640 games started . . . → Read More: 65% plunge in Web3 Games in ’23 but ‘real hits’ coming, $26M NFL Rivals NFT: Web3 Gamer GOLD (XAU/USD) PRICE FORECAST: MOST READ: USD/CAD Remains Rangebound as Canadian CPI Falls More Than Expected. Where to Next? Gold prices continue to find acceptance above the $2000/oz a step to far. Yesterday saw an aggressive push above the resistance level only foe the Daily Candle to close back below the psychological level. Another . . . → Read More: Gold Price Forecast: Rejection at $2000 Level Leaves the Door Open for a Move Lower Traders hate uncertainty; hence, the settlement between Binance, Changpeng “CZ” Zhao and the United States Department of Justice is likely to be viewed as a positive for the cryptocurrency space. Analysts largely remained positive on the deal, but a few sounded cautious due to the Securities and Exchange Commission’s pending lawsuit against Binance. Bitcoin . . . → Read More: Price analysis 11/22: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAX Oil (Brent, WTI) News and Analysis EIA storage figures reveal increasing stock levels – keeping prices suppressed Brent crude pullback has proven to be short lived after failing to surpass 200 SMA WTI revealing a bearish formation (evening star) at notable level of resistance The analysis in this article makes use of chart . . . → Read More: Oil Price Update: OPEC Delays Meeting and EIA Storage Data Rises Again Bitcoin (BTC) traded $1,000 off weekly lows after the Nov. 22 Wall Street open as a BTC price relief bounce held firm. BTC/USD 1-hour chart. Source: TradingView Bitcoin respects “very clear” key levels Data from Cointelegraph Markets Pro and TradingView followed crypto markets as they recovered from snap downside the day prior. As the . . . → Read More: BTC price bounces 3% post Binance amid call for Bitcoin bulls to ‘step in’ Although documented statistics about cryptocurrency trading and substance abuse are hard to come by, addiction experts are treating an increasing number of crypto traders. Abdullah Boulard, founder and CEO at The Balance Luxury Rehab, tells Magazine that a number of crypto traders struggle with substance abuse. “Our client base is diverse, but this is . . . → Read More: This is your brain on crypto: Substance abuse grows among crypto traders Main Takeaways from the 2023 UK Autumn Statement Main national insurance rate to be cut by 2%, from 12% to 10% for 27 million people Full expensing of capital investment for businesses made permanent. Business investment to improve by £20bn per year according to estimates State pensions to rise by 8.5% from April . . . → Read More: UK Autumn Statement: Tax Cuts, Business Investment and Debt Reduction Five years ago, you couldn’t trade with fiat currency on Binance, yet the exchange was already garnering international attention with the highest trading volumes among its competitors. That’s no mean feat in the cryptocurrency industry, even in 2018, with several well-established exchanges commanding established and loyal user bases. Critics questioned why the world . . . → Read More: Did Binance’s CZ predict his own downfall? USD/JPY ANALYSIS Grim outlook from Japanese assessment keep JPY upside limited this morning. Durable goods orders, consumer sentiment and jobless claims needed for overall US economic outlook. Can JPY bulls extend recent upside? Elevate your trading skills and gain a competitive edge. Get your hands on the JAPANESE YEN Q4 outlook today for . . . → Read More: JPY Price Forecast: BoJ Hopeful for Softer USD EUR/USD Forecast – Prices, Charts, and Analysis FOMC minutes give little away, leaving the US dollar rudderless. UK Autumn Statement may give Sterling a boost. Download our Complimentary Guide to Trading EUR/USD Recommended by Nick Cawley How to Trade EUR/USD Get My Guide The Federal Reserve . . . → Read More: Euro (EUR) Latest: EUR/USD and EUR/GBP Leaking Lower Ahead of Thanksgiving Break The crypto community on social media has greeted the news of the deal between Binance, Changpeng “CZ” Zhao and the United States Department of Justice (DOJ) mostly positively, hoping it removes one of the last remaining obstacles before the long-awaited approval of a spot Bitcoin exchange-traded fund (ETF). The $4.3 billion settlement between . . . → Read More: Binance, CZ settlement with US DOJ ‘bullish for Bitcoin ETF,’ crypto community says Article by IG Senior Market Analyst Axel Rudolph FTSE 100, S&P 500, Russell 2000 – Analysis and Charts ???FTSE 100 consolidates below last week’s high ?The FTSE 100’s recent attempts to reach last week’s high at 7,535 have so far failed with the index being capped by the 55-day simple moving average (SMA) at . . . → Read More: FTSE 100, S&P 500 and Russell 2000 Consolidate Ahead of Thanksgiving Creditors of Mt. Gox, a now-defunct Bitcoin (BTC) exchange that lost 850,000 BTC to a hack in 2014, have received a new email hinting at soon-to-come repayments. On Nov. 21, Nobuaki Kobayashi, the trustee overseeing the Mt. Gox Bitcoin exchange’s estate, started sending out emails to rehabilitation creditors regarding the commencement of repayments, . . . → Read More: Mt. Gox creditors offered fresh hope with new ‘commencement of repayment’ email Japanese Yen Analysis Japanese Yen backs away from supposed intervention trigger after renewed strength USD/JPY breaks beneath a dynamic level of prior support Japanese yen is most heavily shorted since at least 2020, posing risk of a short squeeze The analysis in this article makes use of chart patterns and key support and . . . → Read More: USD/JPY Latest: Yen Strengthens Ahead of Japanese CPI Report Circle has launched a new standard to streamline the process of launching its stablecoin, USDC, on new networks, according to a Nov. 21 blog post. The new “bridged USDC standard” allows developers to launch the token through a two-phase process. In the first phase, the third-party developer has control of the token contracts, . . . → Read More: Circle launches ‘bridged USDC standard’ for deploying to new networks Bitcoin (BTC) bought on exchanges every year since 2017 is now on average in profit, the latest data confirms. Compiled by on-chain analytics firm Glassnode, exchange withdrawal figures confirm that at $37,000, a user’s purchase is on aggregate “in the black.” Bitcoin exchange users claw back bear market losses Bitcoin returned multiple investor cohorts . . . → Read More: BTC price returns key profit mark to Bitcoin exchange users at $34.7K Dominic Frisby recalls meeting MicroStrategy’s Michael Saylor for the first time at a crypto event. What started off as an awe-struck moment became confusing after things took an unexpected turn. “I saw Michael Saylor there. I was like, ‘Wow, that’s him!’” he tells Magazine. But it was Saylor who quickly came over and introduced . . . → Read More: Michael Saylor’s a fan, but Frisby says bull run needs a new guru: X Hall of Flame RAND TALKING POINTS & ANALYSIS Rand remains buoyant on weaker USD and positive leading business cycle figures. FOMC minutes to come later today. Bullish divergence progressing off long-term support. USD/ZAR FUNDAMENTAL BACKDROP Macro-economic fundamentals underpin almost all markets in the global economy via growth, inflation and employment – Get you FREE guide now! . . . → Read More: USD/ZAR Price Forecast: Rand Susceptible to SA CPI & SARB Gold (XAU/USD) Analysis, Prices, and Charts US dollar weakness may be put on hold ahead of the Thanksgiving Holiday The technical set-up for gold looks positive. Learn how to trade gold with our complimentary guide Recommended by Nick Cawley How to Trade Gold Get My Guide . . . → Read More: Gold (XAU/USD) Price Latest: Setting Up for the Next Leg Higher? Aussie Dollar (AUD/USD, AUD/JPY) Analysis • RBA minutes: Anchor inflation expectations while the cash rate is comparatively low • AUD/USD retreats off intraday high and 200-day SMA – watch for further USD weakness • IG client positioning narrows but recent changes favor upside potential RBA minutes: Anchor inflation expectations while the cash rate . . . → Read More: RBA Minutes Reveal Motive Behind the November Hike Bitcoin (BTC) sought to rematch 18-month highs into Nov. 21 as order book activity gave one analyst a sense of deja vu. BTC/USD 4-hour chart. Source: TradingView Whale games conjure Bitcoin’s Q1 2023 Data from Cointelegraph Markets Pro and TradingView showed BTC price momentum building to top out at $37,770 the day prior. Now circling . . . → Read More: Bitcoin stalls below $38K as analysis hints ‘Notorious B.I.D.’ is back Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nikkei 225, CAC 40 – Analysis and Charts ???Dow above August and September highs ?The index has surged through the 35,000 level, reaching its highest level since the end of August.?The next target is the high from July around 35,680, and would mark . . . → Read More: Dow, Nikkei 225 and CAC40 Continue to Make Gains The Fantom Foundation, a nonprofit organization developing the Fantom blockchain platform, has eliminated a significant vulnerability after a $550,000 hack in October. On Oct. 17, the Fantom Foundation suffered a hot wallet hack, with an unknown attacker draining 1% of Fantom Foundation’s funds. The foundation subsequently stopped using some of the affected wallets, reassigning . . . → Read More: Fantom Foundation awards $1.7M bounty for preventing $170M drain Average daily transaction fees on Bitcoin (BTC) have flipped with Ethereum following a frenzy of Ordinals-related activity on the Bitcoin network. On Nov. 20, the average daily transaction fee for Bitcoin stood at $10.34, while Ethereum transaction fees came to an average of $8.43, according to BitInfoChart data. Bitcoin’s average daily trading fee . . . → Read More: Bitcoin transaction fees flip Ethereum’s as Ordinals hype returns Umami Labs CEO Alex O’Donnell grew up on the outskirts of Philadelphia before attending Temple University to study literature and economics. That path led him to devote seven years of his life as a financial journalist at Reuters, where he specialized in M&As IPOs. He said his academic focus created a “pretty natural synthesis” . . . → Read More: 6 Questions for Alex O’Donnell about financial journalism and the future of DeFi The S&P 500 Index (SPX) rose 2.24% last week, its third consecutive weekly gain. In comparison, Bitcoin (BTC) managed a minuscule gain of 0.8%, indicating consolidation below $38,000. The prospects for risky assets remain bullish as the U.S. Dollar Index has started to turn down. Cryptocurrency investors have not parted with their Bitcoin holdings, . . . → Read More: Price analysis 11/20: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK Gold, Silver Analysis Gold eases after last week’s advance – quieter week on the economic calendar FOMC minutes and reports of a new phase in the Israel-Hamas war present potential catalysts Silver encounters a challenge at channel resistance The analysis in this article makes use of chart patterns and key support and resistance . . . → Read More: Gold Price Outlook: XAU/USD Starts the Week Lower, FOMC Minutes Next ARK Investment Management, a cryptocurrency investment firm founded by Bitcoin (BTC) advocate Cathie Wood, isn’t giving up on its efforts to launch a spot Bitcoin exchange-traded fund (ETF) in the United States. On Nov. 20, ARK Invest filed another amended prospectus for its spot Bitcoin ETF product developed in collaboration with the European digital asset . . . → Read More: ARK, 21Shares update spot Bitcoin ETF application as next SEC deadline looms EUR/USD ANALYSIS Weak US dollar providing sustenance for EUR. ECB officials in focus today. EUR/USD hits overbought zone on RSI, is bullish momentum fading? Elevate your trading skills and gain a competitive edge. Get your hands on the Euro Q4 outlook today for exclusive insights into key market catalysts that should be on . . . → Read More: Euro Price Forecast: EUR Bid on USD Weakness as Vulnerabilities Remain The crypto community and many of its most high-profile players have started to shift focus toward the Bitcoin halving, an event that occurs every four years and cuts the market supply of new Bitcoin (BTC) in half. With the next halving event scheduled for April 2024, the Bitcoin mining reward will reduce from the current 6.25 . . . → Read More: Crypto community begins Bitcoin halving countdown as milestone date nears The international arm of Spanish lender Banco Santander has reportedly rolled out a new service, allowing clients with Swiss accounts to invest in and trade Bitcoin (BTC) and Ether (ETH). According to a report from Coindesk claiming access to a leaked internal communication, high-net-worth individuals of Santander Private Banking International will have access . . . → Read More: Santander offers Bitcoin, ETH trading for Swiss account holders: Report British Pound Latest: GBP/USD Analysis and Chart Cable gains on US dollar weakness. UK Autumn Statement is released on Wednesday. For all market-moving economic data and events, see the DailyFX Calendar Ahead of this week’s Autumn Statement, UK PM Rishi Sunak is promising to reduce debt and cut taxes in an effort to . . . → Read More: British Pound Latest: GBP/USD Testing 1.2500 on US Dollar Weakness Global cryptocurrency exchange-traded products (ETP) have seen a significant uptick in 2023, reportedly outpacing the growth of underlying assets, according to a report by the digital asset platform Fineqia, seen by Cointelegraph. Crypto-based ETPs issued by companies like 21Shares, Grayscale and CoinShares recorded a 91% increase in total assets under management (AUM) from Jan. . . . → Read More: Crypto ETP volumes surge 91%, outpacing underlying assets: Report Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, Nasdaq 100 Analysis and Charts ???FTSE 100 nears last week’s high ?Despite disappointing UK retail sales, which last week slid to their lowest level since the 2021 COVID-19 lockdown, the FTSE 100 remains on track to reach last week’s high at 7,535 . . . → Read More: ???FTSE 100, DAX 40 and Nasdaq 100 Pause after Three Weeks of Strong Gains??? Bitcoin (BTC) starts Thanksgiving week in the United States with a return to $37,000 as bulls stubbornly refuse to loosen their grip. BTC price action remains tantalizingly near 18-month highs as another weekly close provides a fresh taste of bull market momentum. The largest cryptocurrency continues to hold onto reclaimed ground, and while upside . . . → Read More: 70% of BTC dormant for a year — 5 things to know in Bitcoin this week AUD/USD ANALYSIS & TALKING POINTS Encouraging Chinese expectations keep AUD bid. All eyes on RBA and FOMC minutes tomorrow. AUD/USD bulls eye 200-day MA. Elevate your trading skills and gain a competitive edge. Get your hands on the Australian dollar Q4 outlook today for exclusive insights into key market catalysts that should be . . . → Read More: AUD/USD Price Forecast: Positive Start for Aussie Dollar A hacker walked away with $25 million from quantitative trading firm Kronos Research after accessing its compromised API keys. On Nov. 19, Kronos Research revealed that an unauthorized entity accessed some of its API keys. Subsequently, the firm stopped its trading services on the platform. However, no losses were reported at the time. . . . → Read More: Kronos Research halts trading amid $25M API key hack investigation MARKET WEEK AHEAD FORECAST: GOLD, US DOLLAR, EUR/USD, OIL U.S. Treasury yields retreated over the past few days, weighing on the broader U.S. dollar Meanwhile, gold prices, the Nasdaq 100 and EUR/USD rallied, breaching key technical levels during their move higher Few high-impact events are expected in the coming days, with a shorter trading . . . → Read More: Markets Week Ahead: Gold, EUR/USD, Nasdaq 100 Soar as US Yields Sink, Oil Tanks Bitcoin (BTC) is nearing a key Fibonacci retracement level which could mark the top of its “pre-halving rally.” That is according to popular social media trader Titan of Crypto, who on Nov. 19 reiterated a pre-halving BTC price target of up to $50,000. Trader: $39,000 is pre-halving BTC price target range floor Bitcoin faces . . . → Read More: Bitcoin nears pre-halving ‘target zone’ toward $50K BTC price Mike Belshe, CEO of cryptocurrency exchange BitGo, has suggested that all indications are leaning toward a favorable outcome for a spot Bitcoin (BTC) exchange-traded fund (ETF). However, he emphasized that the journey ahead won’t be without challenges. In an interview with Bloomberg on Nov. 16, Belshe explained that based on discussions between firms . . . → Read More: Bitcoin ETF approval nearing, but brace for more setbacks — BitGo CEO Top Stories This Week Sam Altman ousted from OpenAI, CTO Mira Murati named interim CEO ChatGPT developer OpenAI removed founder Sam Altman from his CEO position on Nov. 17. Chief technology officer Mira Murati is now serving as interim CEO. According to a blog post, the board of directors engaged in a “deliberative review . . . → Read More: OpenAI’s Sam Altman ousted, BlackRock and Fidelity seek Ether ETF, and more: Hodler’s Digest, Nov. 12-18 USD/JPY ANALYSIS Key Japanese officials reiterated cautious approach. Japan’s inflation report will be the focal point for the pair next week. 50-day MA break could spark USD/JPY decline. Elevate your trading skills and gain a competitive edge. Get your hands on the JAPANESE YEN Q4 outlook today for exclusive insights into key market . . . → Read More: JPY Weekly Forecast: Cautious Ueda Leaves Yen Exposed Fidelity, an asset management firm overseeing $4.5 trillion in assets, has become the latest firm to seek approval for a spot Ether (ETH) exchange-traded fund (ETF). In a filing with the United States Securities and Exchange Commission (SEC) on Nov. 17, Fidelity proposes to list and trade shares of the Fidelity Ethereum Fund on the . . . → Read More: Fidelity seeks green light for Ethereum ETF, following BlackRock’s filing The prospect of a spot Bitcoin (BTC) exchange-traded fund (ETF) being approved soon in the United States has increased demand for the major cryptocurrency, leading to a surge in transaction fees. The Bitcoin blockchain reached $11.6 million in fees paid on Nov. 16, according to statistics from CryptoFees. At the time of writing, YCharts . . . → Read More: Bitcoin fees skyrocket on spot BTC ETF hype Bitcoin (BTC) circled $36,000 after the Nov. 16 Wall Street open as analysis hoped for a deeper price comedown. BTC/USD 1-day chart. Source: TradingView Bitcoin traders map out likely bottoms Data from Cointelegraph Markets Pro and TradingView followed a retracement from intraday highs of $36,600. Having failed to establish a breakout beyond 18-month highs . . . → Read More: Bitcoin traders’ BTC price dip targets now include $30.9K bottom The founder and lead developer of Ethereum Name Service (ENS), Nick Johnson, is urging blockchain domains company Unstoppable Domains to drop a recently awarded patent or face a lawsuit, according to an open letter shared on X (formerly Twitter). In January, Unstoppable Domains was granted its first patent, US11558344, which claims that Braden River Pezeshki, . . . → Read More: ENS developers urge Unstoppable Domains to drop patents or face lawsuit EUR/USD, PRICE FORECAST: MOST READ: Oil Latest – US Crude Trying to Nudge Higher After Another Week of Heavy Losses The Euro continues to hold the high ground against the Greenback following Tuesday’s explosive move to the upside. EURUSD is currently trading between two key levels with support provided around the 1.0840 handle . . . → Read More: EUR/USD Price Forecast: Retracement Incoming? Catalyst Needed if Bulls are to Remain in Control Mark Wilson — the artist known as diewiththemostlikes — has a truly unique style to his art and a presence that could be described as grotesque, performative, thought-provoking and hilarious all in one packet of rolled-up ground beef. In a digital art market where supply can be infinite, the Indiana-based artist really stands out . . . → Read More: DMT and a Hellboy outfit — How diewiththemostlikes got on SuperRare: NFT Creator Oil Analysis and Charts Oil prices continue to slide on demand worries. The technical outlook remains biased to the downside. Recommended by Nick Cawley How to Trade Oil Get My Guide DailyFX Economic Calendar US oil is down nearly 16% in the last month and over . . . → Read More: Oil Latest – US Crude Trying to Nudge Higher After Another Week of Heavy Losses Bitcoin (BTC) bull market “FOMO” has yet to appear despite BTC price being up 120% this year. Data from the statistics platform Look Into Bitcoin shows that on-chain transactions are only starting to involve “younger” Bitcoin. Bitcoin bull market analysis: “We’re still early” Bitcoin remains near 18-month highs and well beyond its bear market . . . → Read More: Bitcoin bull market FOMO absent as BTC price nears key $39K profit zone USD/JPY News and Analysis Broad Japanese Yen strength observed late on Friday as BoJ and currency officials address FX intervention and monetary policy, respectively USD/JPY heads back below 150 but major currencies still on track for another weekly gain vs JPY Japanese government bond yields ease in sympathy with the US, global trend The . . . → Read More: Yen Update: What’s Behind the Recent Yen Strength? The global exchange-traded fund (ETF) provider WisdomTree filed an amended Form S-1 spot Bitcoin (BTC) ETF prospectus with the United States Securities and Exchange Commission (SEC) on Nov. 16. The update comes a few months after WisdomTree refiled its spot Bitcoin ETF application in June 2023, proposing a rule change to list and trade shares of . . . → Read More: WisdomTree amends S-1 form spot Bitcoin ETF filing as crypto awaits SEC decisions Artificial intelligence (AI) and machine learning (ML) are demanding huge amounts of computing resources as interest in the space grows, but conventional Bitcoin (BTC) miners are not jumping on the bandwagon just yet. Speaking to Cointelegraph journalist Joe Hall at Web Summit 2023 in Lisbon, Portugal, Heatbit founder Alex Busarov believes that mining farms, . . . → Read More: AI’s energy consumption concerns echo Bitcoin mining criticisms, says Heatbit founder Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, Nasdaq 100 Analysis and Charts FTSE 100 rallies on softer US and UK inflation ??A host of large-cap dividend payments on Thursday put the FTSE 100 on the back foot, together with disappointing results from Burberry’s with its share price dropping by . . . → Read More: FTSE 100, DAX 40 and Nasdaq Rallies are Taking a Breather??? DeFi platform Sushi has partnered with interoperability platform ZetaChain to explore the possibility of native Bitcoin (BTC) swaps for its users across 30 different blockchain networks. Sushi’s deployment of its decentralized exchange (DEX) on ZetaChain is touted to enable trading of BTC without wrapping across several blockchains in what the team describes as . . . → Read More: Sushi taps into ZetaChain to begin testing native Bitcoin DeFi swaps AUD/USD ANALYSIS & TALKING POINTS Australian jobs market stays strong but not enough to extend AUD upside. US building permits and Fed officials in focus later today. AUD/USD may be in for further downside. Elevate your trading skills and gain a competitive edge. Get your hands on the Australian dollar Q4 outlook today . . . → Read More: AUD/USD Price Forecast: Aussie Dollar Unable to Exploit Weaker US Data European digital asset manager CoinShares secured the exclusive option to acquire Valkyrie Funds, the exchange-traded fund (ETF) unit of its United States competitor, Valkyrie Investments, which includes the Valkyrie Bitcoin Fund awaiting U.S. approval. CoinShares said on Nov. 17 that the move helps it expand to the U.S., which could soon become the . . . → Read More: CoinShares gets buying rights to Valkyrie’s crypto ETF unit Gas fees on Ethereum layer-2 Polygon surged more than 1,000% to reach a peak of $0.10 as users inundated the network with the minting of Ordinals-inspired tokens dubbed POLS. In a Nov. 16 X (formerly Twitter) post, Polygon founder Sandeep Nailwal shared his surprise at the elevated transaction activity on the network, saying the spike . . . → Read More: Polygon gas fees spike 1,000% amid Ordinals-inspired token craze US DOLLAR FORECAST – EUR/USD, GBP/USD, AUD/USD The U.S. dollar could head lower in the near term The pullback in U.S. Treasury yields will act as a headwind for the greenback This article explores the technical outlook for EUR/USD, GBP/USD and AUD/USD, focusing on price action dynamics and key levels in play Most Read: . . . → Read More: US Dollar Outlook Shaky as Yields Tank, Setups on EUR/USD, GBP/USD, AUD/USD Our weekly roundup of news from East Asia curates the industry’s most important developments. Hot week for Hong Kong exchanges Hashkey Exchange — one of the first regulated crypto exchanges in Hong Kong — has announced insurance coverage for clients assets stored in its hot and cold wallets. accounts. The policy will cover 50% . . . → Read More: No civil protection for crypto in China, $300K to list coins in Hong Kong? Asia Express GOLD PRICES OUTLOOK Gold prices rally and break above technical resistance in the $1,975/$1,980 area Bullion’s gains are driven by a steep pullback in Treasury yields following disappointing economic data This article examines key XAU/USD’s levels worth watching in the coming trading sessions Most Read: EUR/USD Hits Snag After Breakout, Nasdaq 100 Stalls, Oil . . . → Read More: Gold Price Forecast: XAU/USD Breaks Out as Yields Sink, Fed Pivot Hopes Build Tether is planning a large-scale expansion into Bitcoin (BTC) mining, according to Paolo Ardoino, who is expected to take the helm at the company soon. The stablecoin firm may spend around $500 million in the next six months on the construction of mining facilities and investments in other miners, Ardoino told Bloomberg in . . . → Read More: Tether plans major expansion into BTC mining with $500M investment: Report Cryptocurrency may be “out of fashion,” but it still draws new users to Web3 daily — particularly in emerging markets such as Brazil — according to Bitcoin maximalist José Ribeiro, CEO of crypto exchange Coinext. During the Web Summit in Lisbon, Ribeiro discussed with Cointelegraph’s Joe Hall his perspective on Bitcoin (BTC), Brazil’s vibrant . . . → Read More: Brazil’s crypto regulatory environment is driving competitiveness — Coinext CEO Oil (Brent, WTI) Analysis (EIA) US storage data reveals massive inventory builds as many fear weaker demand Softer economic data continues to flow in for the US (NFP, CPI, retail sales) IG client sentiment offers few clues on potential price path despite net-long positioning The analysis in this article makes use of chart . . . → Read More: Oil Price Outlook: Brent and WTI Suffer Further Losses Decentralized finance (DeFi) group Aave Companies has been rebranded to Avara as it looks to broaden its user base across the Web3 ecosystem. Stani Kulechov, founder and CEO of Avara (formerly Aave Companies), tells Cointelegraph that the company’s growing number of offerings, including liquidity protocol Aave, the GHO stablecoin, Lens Protocol and Sonar, . . . → Read More: Aave Companies rebrands to Avara, acquires Ethereum self-custody ‘Family Wallet’ Bitcoin (BTC) saw a classic pullback after the Nov. 16 Wall Street open as deja vu BTC price action continued. BTC/USD 1-hour chart. Source: TradingView Analysis: Door open to deeper BTC price correction Data from Cointelegraph Markets Pro and TradingView followed Bitcoin as it descended to $36,470 — down over $1,000 on the day. . . . → Read More: BTC price dips 4% as Bitcoin analysis reveals low liquidity above $33K EUR/USD Analysis and Charts EUR/USD jumped this week as US inflation slowed down It has held most of those gains through Thursday’s session Key resistance still eludes the bulls, however Learn How to Trade EUR/USD With our Complimentary Guide Recommended by David Cottle How to Trade EUR/USD Get . . . → Read More: EUR/USD Holds Up But Pares US Inflation-Inspired Gains The European Union has been actively preparing for what it envisions as the future of money. In the past year, it finalized its landmark comprehensive crypto legislation, the Markets in Crypto-Assets Regulation (MiCA), which is due to take effect in 2024 after closing its second consultation in October. It has also made progress in . . . → Read More: German parliament member ’staunch opponent’ of digital euro, all in on Bitcoin RAND TALKING POINTS & ANALYSIS Rand unable to capitalize on US initial jobless claims data. Fed officials to relate recent US economic data. Bullish divergence at trendline support could see some SUD upside to come. USD/ZAR FUNDAMENTAL BACKDROP Macro-economic fundamentals underpin almost all markets in the global economy via growth, inflation and employment . . . → Read More: USD/ZAR Price Forecast: Rand Scans Critical Long-Term Support Bitcoin (BTC) Prices, Charts, and Analysis: Bitcoin and Ethereum pushing back to multi-month highs. Has the long-awaited altcoin season started? Recommended by Nick Cawley Get Your Free Introduction To Cryptocurrency Trading Get My Guide Bitcoin made a fresh 18-month high on Wednesday as buyers continue to . . . → Read More: Bitcoin (BTC), Ethereum (ETH) Rally Continues, Resistance Levels Come Under Pressure |
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