Recent posts
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Euro Latest – German GDP Seen at Just 0.1% in 2024, EUR/USD Under Pressure
March 27, 2024
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Crude Oil Prices Slip Again As US Inventories Increase, OPEC Meet Eyed
March 27, 2024
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FX Intervention Threat Steps up a Notch after USD/JPY Hits a Crucial Level
March 27, 2024
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US Dollar in Holding Pattern; Key Tech Setups on EUR/USD, USD/JPY, GBP/USD
March 27, 2024
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Gold, Silver Price Update: XAU/USD Rises on a Softer Dollar, Silver Withers
March 26, 2024
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Euro Gains Again Despite More Dovish ECB Commentary
March 26, 2024
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Pound Sterling Latest: GBP/USD Attempts Come Back Post-FOMC Sell-off
March 26, 2024
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Bitcoin (BTC) Eyes New All-Time High, Ethereum (ETH) Trails, Coinbase (COIN) Rallies
March 26, 2024
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Gold Price Steadies After Sharp Sell-Off, New All Time High Remains Possible
March 25, 2024
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British Pound Inches Back Up As Markets Increasingly Bet On June Fed Cuts
March 25, 2024
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By admin, on December 16th, 2022
Crude Oil, US Dollar, WTI, Brent, Fed, ECB, BoE, GBP/USD, Gold – Talking Points Crude oil held its ground after sliding on a strong US Dollar overnight The ECB reminded markets of their hawkishness as QT comes into view If the Us Dollar continues to rally, will it send WTO lower?
. . . → Read More: Crude Oil Caught in ECB Maelstrom After Rate Hikes and Hawkishness Prevails
By admin, on December 16th, 2022
Bitcoin (BTC) miner Core Scientific’s stock has soared nearly 200% in the past four days, following the positive reception for a Dec. 14 financing proposal from a current creditor that is hoping the firm can avoid bankruptcy.
Shares for the embattled miner were sitting just over 13 cents on Dec. 12, before climbing to . . . → Read More: Stock price for troubled Bitcoin miner Core Scientific surges 200%
By admin, on December 16th, 2022
Gold, XAU/USD, Dow Jones, ECB, Rising Wedge – Asia Pacific Market Open Gold and Dow Jones sink after slew of central banks in Europe Most notable was the ECB, which surprised on the hawkish side XAU/USD breaks under Rising Wedge, hinting at reversal risk
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. . . → Read More: Gold and Dow Jones Sink After ECB Spooked Markets, XAU/USD Reversal in Motion?
By admin, on December 16th, 2022
Indices, USD Talking Points: It was a game of alphabet soup over the past few days with CPI, FOMC, ECB, and the BoE pushing markets ahead of year-end. U.S. equities put in a strong reversal on Tuesday after failing to hold a breakout at the 2022 bearish trendline. USD was bearish through yesterday’s FOMC . . . → Read More: SPX, Nasdaq Slide; USD, EUR/USD Tendencies of Turn After CB Onslaught
By admin, on December 16th, 2022
As the coldest days of the crypto winter set in, investors’ speculative interest in the crypto market has fallen to pre-2021 levels, impairing the chance of a substantial directional price move. However, there’s a possibility of a bear market rally akin to the July through August 2022 uptrend.
The market enters a state of . . . → Read More: Bitcoin Santa Claus rally unlikely, according to on-chain and derivatives data
By admin, on December 16th, 2022
FOMC, RBNZ, Interest Rates, NZDUSD Talking Points: The Market Perspective: NZDUSD Bearish Below 0.6400 In the aftermath of the Fed’s, ECB’s, BOE’s and SNB’s 50 basis point rate hikes; there has been a notable increase in the general level of yield In the monetary policy spectrum, the RBNZ’s benchmark matches its highest counterparts; . . . → Read More: New Zealand Dollar Tops Yield Forecasts and Is Also Top Heavy…
By admin, on December 15th, 2022
On this week’s episode of Market Talks, Cointelegraph welcomes Drew Vosk, founder of VoskCoin, a cryptocurrency YouTube channel with over 607,000 subscribers.
This week, we take a deep dive into all things crypto from the unique perspective of a Bitcoin (BTC) miner. We get Vosk’s take on the things that are impacting his . . . → Read More: How hard has this bear market been for Bitcoin mining? Watch Market Talks on Cointelegraph
By admin, on December 15th, 2022
British Pound Talking Points:
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It’s been a strong Q4 for the British Pound, and if you could go back to the beginning of the quarter, that probably would’ve been a difficult fact to come to . . . → Read More: British Pound Price Action Setups: GBP/USD, GBP/JPY, EUR/GBP
By admin, on December 15th, 2022
S&P500, USD Talking Points
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FOMC Delivers an Unfavorable Message for Stocks – SPX Reacts
S&P 500 Futures have fallen back to the 4000 psychological level as Fed Chair Jerome Powell quashed hoped of rate cuts . . . → Read More: SPX (S&P 500) Humbled by Trendline Resistance After Hawkish FOMC
By admin, on December 15th, 2022
“A highly profitable trading strategy” was how hacker Avraham Eisenberg described his involvement in the Mango Markets exploit that occurred on Oct. 11.
By manipulating the price of the decentralized finance protocol’s underlying collateral, MNGO, Eisenberg and his team took out infinite loans that drained $117 million from the Mango Markets Treasury.
Desperate for . . . → Read More: Should crypto projects ever negotiate with hackers? Probably
By admin, on December 15th, 2022
ECB Rate Decision Key Points:
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The European Central Bank has raised interest rates as inflation remains sticky as 2023 approaches. The Central Bank expects to raise rates further based on a significant revision of . . . → Read More: EUR Breaking News: ECB Hike Rates by 50bps, EUR/USD Moves Higher
By admin, on December 15th, 2022
By admin, on December 15th, 2022
Financial services platform B. Riley has offered Bitcoin (BTC) miner Core Scientific $72 million in financing to avoid bankruptcy and preserve value for Core Scientific stakeholders.
B. Riley, a top lender to Core Scientific with $42 million in loans currently outstanding, outlined the terms of the financing agreement in a Dec. 14 letter noting . . . → Read More: Creditor offers Bitcoin miner Core Scientific $72M to avoid bankruptcy
By admin, on December 15th, 2022
Mike Belshe, the CEO of digital asset custodian BitGo has confirmed that Alameda Research attempted to redeem 3,000 Wrapped Bitcoin (wBTC) in the days before FTX’s bankruptcy filing on Nov. 11.
During a Dec. 14 Twitter Spaces hosted by decentralized finance (DeFi) researcher Chris Blec, Belshe confirmed the firm knocked back the redemption request . . . → Read More: Alameda tried to redeem 3,000 wBTC days before bankruptcy: BitGo CEO
By admin, on December 15th, 2022
Blockchain analytics firm Chainalysis has attempted to put the FTX collapse into perspective — comparing peak weekly-realized losses in the wake of the exchange’s collapse compared to previous major crypto collapses in 2022.
The Dec. 14 report found the depegging of Terra USD (UST) in May saw weekly-realized losses peak at $20.5 billion, while the subsequent . . . → Read More: Realized losses from FTX collapse peaked at $9B, far below earlier crises
By admin, on December 15th, 2022
Australian Dollar, AUD/USD, Chinese Data, Rising Wedge – Asia Pacific Market Open Australian Dollar falls on disappointing Chinese data Slowing China has downside consequences for Australia AUD/USD bearish reversal warnings continue growing
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The Australian Dollar . . . → Read More: Australian Dollar Reversal Warnings Grow as AUD/USD Falls on Disappointing Chinese Data
By admin, on December 15th, 2022
Japanese Yen, USD/JPY, Australian Dollar, AUD/USD, FOMC – Asia Pacific Market Open
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Asia-Pacific Market Briefing – Are Markets Setting up for Volatility After the Fed?
The Federal Reserve came and went, leaving financial markets to digest . . . → Read More: Japanese Yen Eyes Support After Fed Failed Convincing Markets About Rate Outlook
By admin, on December 15th, 2022
S&P 500, FOMC, Dollar and EURUSD Talking Points: The Market Perspective: USDJPY Bearish Below 137; GBPUSD Bullish Above 1.2300; S&P 500 Bearish Below 4,030 The Fed hiked its benchmark rate 50 bps as expected, but the SEP’s 2023 forecast of a 5.1 percent defied market expectations – and yet the market continues discount that . . . → Read More: EURUSD Outlook Has Technical Pressure and the ECB Rate Decision
By admin, on December 15th, 2022
On Dec. 14, Bitcoin (BTC) broke above $18,000 for the first time in 34 days, marking a 16.5% gain from the $15,500 low on Nov. 21. The move followed a 3% gain in the S&P 500 futures in three days, which reclaimed the critical 4,000 points support.
Bitcoin/USD index (orange, left) vs. S&P 500 . . . → Read More: Bitcoin retraces intraday gains as bears aim to pin BTC price under $18K
By admin, on December 15th, 2022
On Dec. 14, Bitcoin (BTC) price hit a one-month high and saw a brief resurgence in bullish momentum, but a hawkish report by the Federal Reserve’s Federal Open Market Committee (FOMC) and comments from Fed chair Jerome Powell sent BTC to an intraday low at $17,659.
Stocks and Bitcoin started the day slightly up but . . . → Read More: Here is why Bitcoin price gave back all its intraday gains
By admin, on December 15th, 2022
FOMC, Rate Decisions, Dollar, EURUSD and S&P 500 Talking Points: The Market Perspective: Wait for Volatility to Settle in Order to Assess Market View The FOMC announced a 50bp rate hike in line with expectations and have forecasted a terminal rate of 5.1 percent in 2023 In the immediate aftermath of the event, . . . → Read More: Dollar Surges and S&P 500 Drops After Fed Hikes 50bps Raises 2023 Forecast
By admin, on December 14th, 2022
On Dec. 2, independent market analyst Stockmoney Lizards said Bitcoin (BTC) had entered the process of bottoming out inside its current $15,500-$18,000 price range, citing Wyckoff Accumulation.
Wyckoff Accumulation is a classic technical analysis setup, named after Richard Wyckoff, a technical analysis pioneer in the first half of the twentieth century, who broke . . . → Read More: How to trade crypto using Wyckoff accumulation theory
By admin, on December 14th, 2022
UK CPI Key Points:
UK CPI Declined to 10.7% Annually, Down from 11.1% in October. The Largest Contribution to the Decrease Came from Cost of Transport (7.2% vs 8.9%), Particularly Motor Fuels (17.2% vs 22.2%) and Second-Hand Cars (-5.8% vs -2.7%). The Annual Core Rate Declined to 6.3% Vs 6.5% Expected.
. . . → Read More: GBP Breaking News: UK Inflation Declines Beating Estimates, GBP/USD Dips
By admin, on December 14th, 2022
United States crypto exchange Binance US has finally rolled out its Binance Pay service — some 22 months after the feature was launched by the global exchange to its customers outside the U.S. in 2021.
The service, which had a beta version rolled out globally in Feb. 2021 for peer-to-peer payments which was expanded . . . → Read More: Binance US finally rolls out mobile payments service to US customers
By admin, on December 14th, 2022
The US Dollar tanked after a soft CPI number gave the market hope of an end to hawkishness from the Federal Reserve when they meet later today Where to for the DXY (USD) index?
US Dollar, DXY Index, USD, US CPI, Fed, FOMC, ECB, BoE – Talking Points The US Dollar found safe . . . → Read More: US Dollar Languishes in the Aftermath of US CPI and Ahead of the Fed. New Lows for USD?
By admin, on December 14th, 2022
The Commodity Futures Trading Commission (CFTC) has again labeled Ether (ETH) as a commodity, this time in a Dec. 13 court filing — in contrast to statements from chief Rostin Behnam on Nov. 30 suggesting that Bitcoin was the sole cryptocurrency that should be viewed as a commodity.
According to the CFTC, . . . → Read More: CFTC declares Ether as a commodity again in court filing
By admin, on December 14th, 2022
Dow Jones, S&P 500, Nasdaq 100, US CPI, Yield Curve – Asia Pacific Market Open Dow Jones, S&P 500, Nasdaq 100 reverse CPI-induced rally Markets are seemingly looking beyond the Fed pivot already Shooting Star leaves Dow Jones vulnerable to a pullback next
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Forex for . . . → Read More: Dow Jones, S&P 500, Nasdaq 100 Reverse CPI Rally as Traders Look Beyond the Fed Pivot
By admin, on December 14th, 2022
S&P 500, VIX, FOMC, Dollar and EURUSD Talking Points: The Market Perspective: USDJPY Bearish Below 137; GBPUSD Bullish Above 1.2300; S&P 500 Bearish Below 4,030 Despite the presence of the FOMC rate decision Wednesday, the markets reacted to the sharper-than-expected slowdown in US CPI Volatility and trend are two separate matters when it comes . . . → Read More: EURUSD and VIX Exude Volatility But Not Conviction Heading into Fed Hike
By admin, on December 14th, 2022
Ether (ETH) rallied 6.3% to $1,350 on Dec. 13, mimicking a similar failed attempt that took place on Nov. 10. Despite reaching the highest level in 33 days, the gains were not enough to instill confidence in traders according to two key derivatives metrics.
Ether/USD price index, 12-hour. Source: TradingView
Bulls’ frustrations can partially . . . → Read More: Ethereum rallies to $1,350, but derivatives metrics remain neutral to bearish
By admin, on December 14th, 2022
Crude Oil Talking Points: Oil prices are holding on to a second consecutive day of gains after support showed at a Fibonacci level on Friday. There’s a short-term falling wedge here and resistance is confluent with another Fibonacci level, opening the door for bullish reversal potential if buyers can push the theme. The . . . → Read More: Crude Oil Technical Analysis: Oil Bounces from Fibonacci Support
By admin, on December 13th, 2022
“In a massive solar storm, which would be hugely damaging to a modern economy’s infrastructure, the blockchain parts might well be the only parts that survive.” — Jason Potts
What was the Carrington Event?
In a November 1859 meeting of the Royal Astronomical Society, British astronomer Richard Christopher Carrington reported to the esteemed scientific . . . → Read More: Can Bitcoin survive a Carrington Event knocking out the grid?
By admin, on December 13th, 2022
Since Cointelegraph Markets Pro launched — bringing professional crypto market intelligence to every investor — the platform has helped thousands of subscribers to better understand the opportunities and threats inherent in the world of crypto investing and trading.
In this brief, we want to draw attention to some highlights since the platform’s launch, including . . . → Read More: Markets Pro delivers up to 1,123% ROI with quant-style crypto analysis for investors
By admin, on December 13th, 2022
A golden cross pattern on the charts excites crypto traders for its promises of profitable opportunities ahead, largely due to its impressive success rate in traditional markets.
The golden cross tends to preceded sustained uptrends in contrast with the bearish death cross pattern. For instance, since 1970, the S&P 500 has been returning about 15% . . . → Read More: What is a golden cross pattern and how does it work?
By admin, on December 13th, 2022
KEY POINTS:
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Most Read: The CPI and Forex: How CPI Data Affects Currency Prices
GBP/USD FUNDAMENTAL BACKDROP
Cable edged higher against the greenback this morning flirting with the 1.23000 level following positive UK employment . . . → Read More: GBP/USD Flat Despite Positive UK Employment Data
By admin, on December 13th, 2022
The Lightning Network continues to shock the Bitcoin (BTC) community. A swiss IT Professional called F418 (not his real name) surgically implanted a Lightning-enabled chip into his right hand to make Lightning Network (LN) payments.
An X-Ray image of the chip implanted into F418’s hand. Source: Youtube
Speaking with Cointelegraph, F418 said he experimented . . . → Read More: Not medical advice: Bitcoiner implants Lightning chip to make BTC payments by hand
By admin, on December 13th, 2022
Crude Oil, Hong Kong, China, US, WTI, Brent, US CPI – Talking Points Crude oil procured higher ground on hopes of a China re-opening The US and China are squaring off on another geopolitical front US CPI lies in wait as currency and Treasuries pause. Will inflation lift WTI?
Recommended . . . → Read More: Crude Oil Gains on Upbeat Mood Ahead of US CPI. Will WTI Continue to Climb?
By admin, on December 13th, 2022
Gold, XAU/USD, US CPI, Fed, Rising Wedge, Technical Analysis – Briefing: Gold prices fell as the US Dollar and Treasury yields gained Will an upward inflation surprise bring down the yellow metal? XAU/USD is eyeing a bearish Riding Wedge before the CPI data
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How . . . → Read More: Gold Price Outlook Now Turns to CPI Data as XAU/USD Flirts With Wedge Breakout
By admin, on December 13th, 2022
Around 13% of the American population — or 43 million people — have held cryptocurrency at some point in their lives, new research from JPMorgan Chase has revealed.
According to a Dec. 13 report titled “The Dynamics and Demographics of U.S. Household Crypto-Asset Use,” this number has risen dramatically since before 2020, when the . . . → Read More: 13% of Americans have now held crypto: JPMorgan research
By admin, on December 13th, 2022
S&P 500, VIX, CPI Inflation, Dollar and USDJPY Talking Points: The Market Perspective: USDJPY Bearish Below 137; GBPUSD Bullish Above 1.2300; S&P 500 Bearish Below 4,030 Monday was the ‘quietest’ day of the week, yet the New York Fed’s consumer inflation expectations update may have charged the S&P 500’s 1.4 percent climb While ‘risk’ . . . → Read More: VIX Surges Higher as Equities Jump Ahead of Inflation, Rate Decision Distortion
By admin, on December 13th, 2022
It’s been a near-unprecedented year of extremes and black swan events for the crypto market, and now that 2022 is about to wrap up, analysts are reflecting on the lessons learned and attempting to identify the trends which may point to bullish price action in 2023.
The collapse of Terra Luna, Three Arrows Capital . . . → Read More: Bitcoin’s bear market is far from over, but data points to improving investor sentiment
By admin, on December 13th, 2022
S&P 500 Talking Points:
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Tomorrow brings the release of CPI data for the month of November and throughout this year, CPI has been a major driver for stocks. Earlier in the year as CPI was . . . → Read More: S&P 500 Technical Analysis: Falling Wedge into CPI, FOMC
By admin, on December 13th, 2022
The consumer price index (CPI) data on Dec. 13 and the outcome of the Federal Reserve meeting on Dec. 14 could influence the United States stock markets and the cryptocurrency markets in the near term.
Traders are likely to play it safe and not take large directional bets until the CPI print because any . . . → Read More: Price analysis 12/12: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT
By admin, on December 12th, 2022
Gold Price (XAU/USD), Chart, and Analysis Multi-month resistance remains in place. Short of higher highs/higher lows has stalled for now.
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The US dollar and US Treasury yields are little changed as we start the week with . . . → Read More: Gold Price Outlook – All Eyes on the Federal Reserve for Guidance
By admin, on December 12th, 2022
Bitcoin (BTC) starts one of the most important macro weeks of the year in a precarious position below $17,000.
After its latest weekly close, BTC/USD showed little upward momentum prior to the Dec. 12 Wall Street open.
With volatility yet to appear, the largest cryptocurrency continues to trade in a narrow range, and analysts . . . → Read More: ‘Biggest week of the year’ — 5 things to know in Bitcoin this week
By admin, on December 12th, 2022
The case for self-custody grows stronger as investors demand evidence of their assets over crypto exchanges. While some CEOs chose to double down on assuring the funds’ safety on their platforms, Ray Youssef, the CEO of crypto exchange Paxful, sided with the idea of self-custody as he took responsibility for over 11 million . . . → Read More: Paxful CEO preaches Bitcoin self-custody, advises against crypto exchange
By admin, on December 12th, 2022
POUND STERLING TALKING POINTS Services sector helps boost UK GDP numbers above pre-COVID levels. UK strikes limiting pound upside. Rising wedge break looming.
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GBP/USD FUNDAMENTAL BACKDROP
The British pound was muted in its reaction . . . → Read More: GBP Breaking News: Pound Undeterred by UK GDP Beat Due to Strike Action
By admin, on December 12th, 2022
Arthur Hayes, the former CEO of crypto derivatives platform BitMEX, thinks the worst might be over for Bitcoin (BTC) this cycle as the “largest most irresponsible entities” have run out of BTC to sell.
“Looking forward, pretty much everyone who could go bankrupt has gone bankrupt,” he said in the Dec. 11 interview . . . → Read More: Arthur Hayes: Bitcoin bottomed as ‘everyone who could go bankrupt has gone bankrupt’
By admin, on December 12th, 2022
Euro, EUR/USD, US Dollar, AUD/USD, China, Crude Oil, Gold – Talking Points
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The Euro is weaker today as the US Dollar gains ahead of a crucial week of central bank meetings and data.
The . . . → Read More: Euro Dips as the US Dollar Firms Post PPI and Ahead of CPI. Will EUR/USD Break Higher?
By admin, on December 12th, 2022
Elon Musk’s latest salvo in his war against crypto spam bots on Twitter appears to have made a real impact, with the crypto community reporting a vast reduction in the number of bots responding to their posts.
In a Dec. 11 post, the Twitter CEO hinted that “bots are in for a surprise . . . → Read More: Crypto spam bots go silent as Musk promises to prosecute scammers
By admin, on December 12th, 2022
The relief rally in the United States equities markets took a breather this week as all major averages closed in the red. Traders seem to have booked profits before the busy economic calendar next week.
The S&P 500 index dropped 3.37%, but a minor positive for the cryptocurrency markets is that Bitcoin (BTC) has . . . → Read More: Bitcoin’s boring price action allows XMR, TON, TWT and AXS to gather strength
By admin, on December 11th, 2022
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Market volatility came back to life this past week as the VIX ‘fear gauge’ soared almost 20 percent, the most since August. On Wall Street, the Dow Jones, S&P 500 and Nasdaq 100 . . . → Read More: Markets Week Ahead: Dow Jones, US Dollar, Gold, Euro, British Pound, Fed, ECB, BoE
By admin, on December 11th, 2022
FUNDAMENTAL FORECAST FOR GOLD PRICE: NEUTRAL
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GOLD WEEK IN REVIEW
Gold has spent the majority of the week trying to recover Monday’s steep decline as positive news from China and a weaker dollar helped the . . . → Read More: Gold (XAU/USD) Forecast: Recent Gains May Come Under Pressure as US Data Takes Center Stage
By admin, on December 11th, 2022
US Dollar Fundamental Forecast Talking Points: The Dollar has put in for a significant retreat these past few months, but recent bearish progress has come at a much more reserved tempo Event risk ahead is dense and may overlap in terms of market-moving potential, particularly between Tuesday’s CPI and Wednesday’s FOMC decision Market . . . → Read More: Dollar Forecast Loaded with Volatility Potential but Can It Find a Trend?
By admin, on December 11th, 2022
Top Stories This Week 7 class action lawsuits have been filed against SBF so far, records show
Former FTX CEO Sam Bankman-Fried has been named in seven class action lawsuits filed since the fall of his crypto empire. These lawsuits, however, are separate from the numerous probes and investigations examining the crypto exchange and . . . → Read More: Goldman Sachs buying crypto firms, FTX news, 3AC and Celsius updates: Hodler’s Digest Dec. 4-10
By admin, on December 11th, 2022
The economy is facing an outlook bleaker than a Welsh weather forecast, and few are rushing to buy risk assets. Here are a few tips for weathering unfavorable market conditions.
Option #1: Save cash
There’s no shame in sitting on the sidelines and saving cash or stablecoins.
When bullish momentum returns, you . . . → Read More: 5 tips for investing during a global recession
By admin, on December 11th, 2022
Bitcoin (BTC) price had a mixed reaction on Dec. 9 after the November report on United States producer prices showed a 7.4% increase versus 2021. The data suggested that wholesale costs continued to rise and inflation may last longer than investors had previously believed. Oil prices are also still a focus for investors, with . . . → Read More: Bitcoin price liquidation risk increases as BTC struggles to reclaim $18K
By admin, on December 10th, 2022
Since their inception, cryptocurrencies have seen rapid growth and widespread market adoption, as evidenced by the assets tied to crypto assets that have started to appear in the portfolios and trading methods of numerous asset managers. The process of purchasing and selling cryptocurrencies to profit is known as cryptocurrency trading.
Trading in cryptocurrencies can . . . → Read More: What is spot trading in crypto and how does it work?
By admin, on December 10th, 2022
Bitcoin (BTC) maintained $17,000 support into Dec. 10 ahead of a critical week of macro data.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView CPI print will make Fed “slow down”
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it traded sideways after the close of trading on Wall Street.
The pair looked . . . → Read More: Bitcoin bulls protect $17K as trader eyes key China BTC price catalyst
By admin, on December 10th, 2022
POUND STERLING ANALYSIS & TALKING POINTS Lackluster USD could be stimulated next week leaving GBP vulnerable. Stacked economic calendar for both UK and U.S.. Rising wedge break looms.
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GBP/USD FUNDAMENTAL FORECAST: BEARISH
The British . . . → Read More: GBP Weekly Outlook: Resilient Pound Prepares for Data Heavy Week
By admin, on December 10th, 2022
Australian Dollar Forecast: Bearish
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The Australian Dollar tumbled through the first few days of last week before steadying going into the weekend on a run up toward 68 cents.
The RBA rate decision had little impact . . . → Read More: Australian Dollar Outlook: US Dollar Remains in the Driver Seat for AUD/USD
By admin, on December 10th, 2022
Bitcoin (BTC) mining is the backbone of the BTC ecosystem and miners’ returns also provide insight into BTC’s price movements and the health of the wider crypto sector.
It is well-documented that Bitcoin miners are struggling in the current bear market. Blockstream, a leading Bitcoin miner recently raised funds at a 70% discount.
. . . → Read More: Data shows the Bitcoin mining bear market has a ways to go
By admin, on December 10th, 2022
S&P 500, VIX, FOMC, ECB, EURUSD and USDJPY Talking Points: The Market Perspective: USDJPY Bearish Below 137; GBPUSD Bullish Above 1.2300; S&P 500 Bearish Below 4,030 We are moving into a week that is loaded with event risk – in fact it may be overloaded in so much as events like CPI and the . . . → Read More: Last S&P 500 and Dollar Volatility Charge of 2023 with FOMC, CPI and Much More
By admin, on December 10th, 2022
Crypto price action has been rough over the past few months, but a few green shoots are finally beginning to emerge.
While Bitcoin (BTC) remains in a downtrend, its price has recently found support at the $17,000 level, and ping-pong price action in the $16,700–$17,300 range appears to be allowing traders to pursue some . . . → Read More: Ethereum and Litecoin make a move while Bitcoin price searches for firmer footing
By admin, on December 10th, 2022
Taproot support across the industry is still crawling one year after the Bitcoin soft fork, indicating a strong potential for innovation and broader adoption of Web3 solutions to be unlocked through the world’s largest cryptocurrency, sources told Cointelegraph.
“Since early on, Satoshi predicted that layers being built on top of the Bitcoin blockchain would . . . → Read More: A year after Taproot, Bitcoin community works to unlock its DeFi potential
By admin, on December 10th, 2022
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.
The United States regulators want to take a closer look at money laundering and terror financing laws by the Financial Crimes Enforcement Network (FinCEN), as it asked banking . . . → Read More: US regulator seeks feedback on DeFi’s impact on financial crime: Finance Redefined
By admin, on December 10th, 2022
The United States equities markets are headed for a down week as market participants remain cautious ahead of next week’s key consumer price index data for November.
The CPI report will be followed by the Federal Reserve’s Federal Open Market Committee meeting on Dec. 13-14 where the central bank is expected to hike rates by . . . → Read More: Price analysis 12/9: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI
By admin, on December 9th, 2022
S&P 500 and Nasdaq 100 Forecasts and Analysis S&P 500 – Stuck in the middle of this week’s range. Nasdaq 100 – Boxed in for Christmas?
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The US equity markets have drifted lower this . . . → Read More: S&P 500, Nasdaq 100 Outlook – Thumb Twiddling Ahead of The Fed
By admin, on December 9th, 2022
Bitcoin (BTC) fell on the Dec. 9 Wall Street open as United States economic data appeared to disappoint markets.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Attention turns to Bitcoin vs. CPI “big trigger”
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to come closer to $17,000 after passing the level overnight.
. . . → Read More: BTC price tests $17K on PPI as Bitcoin analysts eye CPI, FOMC catalysts
By admin, on December 9th, 2022
University of Michigan Consumer Sentiment Report: All Readings Rise Index of Consumer Sentiment 58.1 vs 56.8 (Nov) Index of Economic Conditions 60.2 vs 58.8 (Nov) Index of Consumer Expectations 58.4 vs 55.6 (Nov)
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Consumer sentiment made a stark improvement on last . . . → Read More: Michigan Consumer Sentiment Rises: Business Conditions Improve, Inflation Cools
By admin, on December 9th, 2022
US Dollar (DXY) Price and Chart Analysis Today’s data will set the tone for early next week. The US dollar is sitting on range support.
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The US dollar continues this week’s range trading, helped . . . → Read More: US Dollar (DXY) Outlook – One Last US Data Drop Before CPI and FOMC Next Week
By admin, on December 9th, 2022
BRENT CRUDE OIL (LCOc1) TALKING POINTS Drop in weekly crude stocks unable to deter crude oil bears. Closure of major U.S. pipeline gives Brent welcome support. U.S. PPI and consumer sentiment in focus for USD.
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. . . → Read More: Crude Oil Forecast: Brent Overcome by Recessionary Pressures Despite Several Fundamental Tailwinds
By admin, on December 9th, 2022
A survey sample of working Americans suggests that millennial and Generation Z workers are far more in favor of joining decentralized autonomous organizations (DAOs) and working remotely in the post-Covid-19 world.
Over 1,100 Americans took part in a survey conducted by MetisDAO Foundation which explores trends in remote working preferences and the emergence . . . → Read More: Remote work triggers move to DAOs in the post-pandemic world: Survey
By admin, on December 9th, 2022
KEY POINTS:
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EUR/USD FUNDAMENTAL BACKDROP
EUR/USD continues its grind higher in early European trade as key US data events lie ahead. It has been a rather mixed week for EUR/USD with two days of . . . → Read More: EUR/USD at Key Inflection Point Ahead of US PPI Data
By admin, on December 9th, 2022
Bitcoin (BTC) stayed higher after a $17,000 liquidity grab on Dec. 9 as traders targeted further upside.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin attempts new monthly high
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD cooling volatility once more after hitting $17,300 on Bitstamp.
The pair had begun by taking liquidity . . . → Read More: Bitcoin price targets stretch to $19K as BTC jumps 4% from daily lows
By admin, on December 9th, 2022
Ethereum core developers have opted to prioritize the enabling of staking withdrawals via the Shanghai upgrade first before implementing The Surge-related Ethereum Improvement Proposal (EIP)-4884.
As reported by Cointelegraph, the next key milestone on Ethereum’s roadmap is the Shanghai upgrade, which will enable withdrawals for ETH stakers/validators from the Beacon Chain — among . . . → Read More: What’s in and what’s out for Ethereum’s Shanghai upgrade
By admin, on December 9th, 2022
S&P 500, Sentiment, FOMC, Dollar, USDJPY and VIX Talking Points: The Market Perspective: USDJPY Bearish Below 137; GBPUSD Bullish Above 1.2300; S&P 500 Bearish Below 4,030 The S&P 500 continues to develop its remarkably tight (now 18 day) range with notable event risk ahead in the UofM survey, but a full break would be . . . → Read More: What’s the Probability of an End of Week S&P 500 or GBPUSD Break?
By admin, on December 9th, 2022
Gold, XAU/USD, US Dollar, PPI, Rising Wedge, Technical Analysis – Briefing: Gold prices marked time as US Dollar, Treasury yields diverged All eyes turn to US PPI and sentiment data due later on Friday XAU/USD eyes Rising Wedge as DXY Index eyes 200-day SMA
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. . . → Read More: Gold Prices and US Dollar Turn to PPI and Sentiment Data Before the Weekend
By admin, on December 9th, 2022
The crypto markets have been in decline since the start of the second quarter of 2022. Each time it seemed like the apparent crypto winter would experience a minor thaw, another notable collapse happened: Celsius, Three Arrows Capital, and more recently, FTX.
Approaching the end of 2022, it appears that the same negative sentiments . . . → Read More: Countries and institutions move into crypto despite market drop: Report
By admin, on December 9th, 2022
Web3 investment firm Paradigm has released a Rust implementation of Ethereum, according to a Dec. 7 announcement from the company’s chief technology officer, Georgios Konstantopoulos. The new software, called “Reth,” allows Ethereum validators to launch their nodes using Rust instead of Go, Java, or other programming languages.
A previous Rust implementation had been released . . . → Read More: Paradigm releases ‘Ethereum for Rust’ to help ensure network stability
By admin, on December 9th, 2022
The total cryptocurrency market capitalization has dropped 1.5% in the past seven days to rest at $840 billion. The slightly negative movement did not break the ascending channel initiated on Nov. 12, although the overall sentiment remains bearish and year-to-date losses amount to 64%.
Total crypto market cap in USD, 12-hour. Source: TradingView
Bitcoin . . . → Read More: Total crypto market cap falls to $840B, but derivatives data shows traders are neutral
By admin, on December 9th, 2022
Dow Jones Industrial Average, DAX 40 (DAX30), FTSE 100 and Rate Hike Talking Points: The Market Perspective: Dow Bearish Below 33, 150 and DAX Bearish Below 14,150 The FOMC is expected to announce a 50 bp rate hike next Wednesday at 19:00 GMT, while the Bank of England and European Central Bank are . . . → Read More: Dow, DAX 40 and FTSE 100 Show Similar Setups Before Similar Event Risk
By admin, on December 8th, 2022
According to a discussion at the 151st Ethereum Core Developers Meeting on Dec. 8, core programmers have set a tentative deadline of March 2023 for Ethereum’s Shanghai hard fork. In addition, developers will aim for May or June 2023 to launch the Ethereum Improvement Protocol (EIP) 4844 upgrade that will introduce proto-danksharding to . . . → Read More: Ethereum developers target March 2023 for Shanghai hard fork
By admin, on December 8th, 2022
Euro Talking Points:
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The week started with some potential for volatility in FX markets but as the days have worn on, that flare of USD strength from Monday has continued to fizzle out.
To open . . . → Read More: Euro Price Action Setups: EUR/USD, EUR/JPY, EUR/GBP
By admin, on December 8th, 2022
According to statistics sourced from data aggregator YCharts, seven digital currency funds issued by asset manager Grayscale Investments are currently at a discount of 34% to 69% to their net asset value, or NAV. Holdings tracked in the analysis include the Grayscale Bitcoin Trust, Ethereum Trust, Ethereum Classic Trust, Litecoin Trust, Zcash Trust, . . . → Read More: Major Grayscale digital currency funds are trading at 34% to 69% discount to NAV
By admin, on December 8th, 2022
GBP/USD Talking Points GBP/USD slides from major resistance as bullish momentum subsides. Pound Dollar faces technical headwinds in anticipation of next week’s event risk. FOMC and BoE (Bank of England) brace for further rate hikes with any surprises adding as a potential catalyst for price action.
Recommended by Tammy Da . . . → Read More: GBP/USD Outlook: Pound Dollar Lacks Conviction as Price Action Stalls
By admin, on December 8th, 2022
Bitcoin (BTC) ranged below $17,000 at the Dec. 8 Wall Street open as the United States dollar threatened further weakness.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar dips as stocks see modest upt
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD practically flat over the 24 hours to the time of writing. . . . → Read More: Bitcoin takes liquidity near $17K as US dollar shows weakness pre-CPI
By admin, on December 8th, 2022
“Many years ago, it was AI. Now, it’s metaverse,” he says. “From the government’s perspective, […] as long as you don’t have a coin itself, they’re willing to support a lot of these new technologies” — Doo Wan Nam from StableNode
South Korea: The land of the metaverse
If you had to pick the . . . → Read More: Inside South Korea’s wild plan to dominate the metaverse
By admin, on December 8th, 2022
For the uninitiated, the world of cryptocurrencies and blockchain technology can be daunting, confusing and difficult to comprehend. Three industry experts and a skeptical economist explore the past, present and future of the burgeoning technology in a new online learning series.
Masterclass is a web-based education platform that offers “classes” from subject matter . . . → Read More: Binance CEO, Coinbase exec feature in Masterclass crypto crash-course
By admin, on December 8th, 2022
S&P 500 and Nasdaq 100 – Technical Forecasts and Analysis S&P 500 continues to respect the longer-term downtrend. Nasdaq 100 looking to invalidate a month-old bull flag formation.
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Most Read: S&P 500, Nasdaq Technical . . . → Read More: S&P 500 and Nasdaq 100 Latest – Bearish Sentiment Prevails Ahead of the Fed
By admin, on December 8th, 2022
Bitcoin (BTC) investment vehicle, the Grayscale Bitcoin Trust (GBTC), is trading close to 50% below the BTC price on spot markets.
Data from on-chain analytics platform Coinglass confirms that on Dec. 8, GBTC shares hit a new record low of -47.2% against BTC/USD.
GBTC troubles pile up post-FTX
In the latest bout of nerves . . . → Read More: GBTC ‘elevator to hell’ sees Bitcoin spot price approach 100% premium
By admin, on December 8th, 2022
AUD/USD ANALYSIS & TALKING POINTS USD poised to strengthen as FOMC looms, leaving AUD vulnerable. Positivity around China has not borne fruit for AUD as COVID cases rise. Rising wedge formation could indicate a leg lower.
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Get My . . . → Read More: AUD/USD Forecast: Aussie Steady but Key 0.67 Level at Risk
By admin, on December 8th, 2022
Japanese Yen, USD/JPY, US Dollar, USD/CAD, AUD/USD, Crude Oil, Gold – Talking Points The Japanese Yen trickled lower after the US Dollar resumed strengthening Central banks continue to tighten despite agitation of a recession looming Equities are feeling the pain except for China. Will USD/JPY resume rallying?
Recommended by Daniel . . . → Read More: Japanese Yen Struggles Against a US Dollar Finding Firmer Footing. Higher USD/JPY?
By admin, on December 8th, 2022
The Euro has steadied against the US Dollar on Thursday as the market ponders the path of Fed rate hikes and technical resistance levels remain overhead for now. Will EUR/USD rally?
Euro, EUR/USD, EZ GDP, US Dollar, Federal Reserve, FOMC – Talking points The Euro has benefitted from US Dollar weakness ahead of FOMC . . . → Read More: Euro Bumped up by US Dollar Weakness and a GDP Beat. Where to for EUR/USD?
By admin, on December 8th, 2022
Crude Oil, WTI, Recession Woes, Falling Wedge – Talking Points: WTI crude oil is nearing a 10% loss this week, worst since March Such performance is not often, but is explained by recession woes Oil appears to be trading within a Falling Wedge chart formation
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. . . → Read More: Crude Oil Price Outlook: WTI Set for Worst Week Since March? Falling Wedge in Focus
By admin, on December 8th, 2022
S&P 500, VIX, Fed Rate Forecast, NZDCAD and USDJPY Talking Points: The Market Perspective: USDJPY Bearish Below 137; GBPUSD Bullish Above 1.2300; S&P 500 Bearish Below 4,030 The central banks of Canada, India and Brazil updated their policy this past session; but the volatility didn’t stretch much further beyond local markets and currencies The . . . → Read More: S&P 500 and USDJPY Abide Technical Ranges Even as Volatility and Recession Fears Grow
By admin, on December 8th, 2022
The FTX crisis kept Bitcoin’s (BTC) price under pressure in November, but data from Bitstamp exchange shows institutional investors may have viewed the dip as a buying opportunity. The exchange told Cointelegraph that compared to October, its revenue from institutions increased by 34% in November.
In another positive sign, Goldman Sachs executive Mathew McDermott . . . → Read More: Price analysis 12/7: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI
By admin, on December 8th, 2022
Bitcoin (BTC) price crashed to $15,500 on Nov. 21, driving the price to its lowest level in two years. The 2-day-long correction totaled an 8% downtrend and wiped out $230 million worth of leverage long (buy) futures contracts.
The price move gave the false impression to bears that a sub-$15,500 expiry on the Dec. . . . → Read More: Bitcoin options data shows bulls aiming for $17K BTC price by Friday’s expiry
By admin, on December 7th, 2022
Blockchains must balance between offering the best secure and scalable infrastructure while still staying reasonably decentralized. Is this a realistic future for Web3?
A fundamental building block for blockchains is decentralization, a functionality that enables people to transact without the requirement of a central authority. This formed the crux of the Bitcoin (BTC) . . . → Read More: The blockchain trilemma: Can it ever be tackled?
By admin, on December 7th, 2022
South African auditor Mazars confirmed on Dec. 7 that cryptocurrency exchange Binance possessed control over 575,742.42 Bitcoin (BTC) of its customers, worth $9.7 billion at the time of publication. Mazars stated that “Binance was 101% collateralized.”
The scope of the inquiry included customers’ spot, options, margin, futures, funding, loan and earn accounts for . . . → Read More: Mazars says users’ BTC reserves on Binance are fully collateralized
By admin, on December 7th, 2022
One-quarter of the global populace is going to be spending at least an hour a day in the metaverse by 2026, according to tech consulting firm Gartner, for shopping, gaming, education and more. But at some point, people are going to have to demonstrate that it’s really them behind the avatar.
That’s just one . . . → Read More: Decentralized identity: Proving it’s really you in the 21st Century
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