Bitcoin recovers from selling pressure as the German government runs out of BTC to sell. Spot Bitcoin ETFs recorded $310 million in inflows on July 12, led by BlackRock and Fidelity. BTC trades above $58,000 on Saturday, sustaining gains … [Continue reading]
Key insights from Ethereum’s performance in current bull cycle
Ethereum's price has followed a divergent pattern in the first 365 days after a Bitcoin halving event. Over 90% of ETH's supply has been in profit since January. Ethereum investors are slowly displaying confidence again with ETH ETFs on horizon. … [Continue reading]
ARB, OP, WLD, STRK set for $173 million token unlock next week
ARB, OP, WLD, and STRK are among tokens set for a combined $173.56 million unlock event next week. The unlocking of ARB, WLD and STRK tokens may spark further retracement in their prices, which are currently on a downtrend. ENA and 1INCH will … [Continue reading]
What’s next for Bitcoin as German government dries its holdings?
The German government may have sold all of its $2.9 billion worth of Bitcoin. Increased bearish pressure has seen the S&P 500 outperforming Bitcoin in the past five weeks. On-chain data suggests Bitcoin has potentially reached a bottom and may … [Continue reading]
Gold price secures third week of gains, holds above $2,400
Gold price sticks to key support level, set for third consecutive weekly gain on Fed rate cut expectations. US PPI rises above estimates; University of Michigan Consumer Sentiment drops, inflation expectations moderate. CME FedWatch Tool indicates … [Continue reading]
Mexican Peso appreciates, records strongest week since mid-June
Mexican Peso extends gains as USD/MXN reaches 17.68 after hitting five-week low of 17.62. Mexico’s Industrial Production rebounds in May, indicating resilience amid economic slowdown. Banxico minutes suggest potential rate adjustments, while US … [Continue reading]
Ripple extends gains as XRP traders hopeful of adoption in institutional crypto products
Ripple CEO appreciated the CME Group and CF Benchmarks for adding the XRP-Dollar reference rate and indices. Brad Garlinghouse says institutional crypto products have trusted benchmarks for reference rates, fuels positive sentiment among … [Continue reading]
India Manufacturing Output: 4.6% (May) vs 3.9%
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Pound Sterling exhibits strength as soft US inflation boosts Fed rate-cut prospects
The Pound Sterling holds strength against the US Dollar as Fed rate cuts become appropriate for this year. Softer-than-expected US inflation boosts hopes of Fed rate cuts in September. The UK economy grew at a faster pace of 0.4% in May, beating … [Continue reading]
China Trade Balance USD registered at $99.05B above expectations ($85B) in June
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]