Share: Shiba Inu Layer 2 chain Shibarium’s transactions inch closer to the 300 million milestone. Shiba Inu price yielded 8% monthly and nearly 3% weekly losses for holders. Shibarium noted a 5% spike in accounts on the chain in the … [Continue reading]
Bitcoin whales rise in numbers signaling strong confidence in BTC rally or positioning for profit taking
Share: Bitcoin whale addresses holding over 1,000 BTC noted an uptick, reaching its highest level since August 2022. The massive spike in large wallet addresses either signals whales’ confidence in BTC price or an upcoming shift in Bitcoin … [Continue reading]
Coinbase CEO defends JPMorgan CEO Dimon, who called Bitcoin a “pet rock”
Share: JPMorgan CEO Jamie Dimon took a dig at Bitcoin recently, calling it a tool for “sex trafficking and tax avoidance”. ARK Invest’s CEO Cathie Wood addressed this, voicing her disappointment towards Dimon and stating he needs to learn from … [Continue reading]
Ethereum Dencun upgrade could go live on mainnet as early as March 2024
Share: Ethereum developers discussed the Dencun upgrade’s activation on the Goerli testnet in their All Core Developers Execution Call. Developers confirmed the timeline for the Dencun upgrade’s rollout on Sepolia and Holesky testnets. … [Continue reading]
Grayscale outflows reach $2.8 billion even as GBTC discount contracts to less than 0.3%
Share: Grayscale Bitcoin Trust (GBTC) is now less than 0.3% away from noting premium for the first time in three years. Per Bitmex Research, the outflows in GBTC extended to $590 million on Day 6 of trading, bringing the total to $2.8 billion. At … [Continue reading]
AUD/USD Price Analysis: Hurdles 200-DMA and turns bullish, eyeing 0.6600
Share: AUD/USD gains 0.34% on positive sentiment, defying a negative housing market report impact. Neutral bias with an upside tilt; breach of 200-DMA at 0.6579 may target 0.6600 and 0.6639. Downside risks include 200-DMA at 0.6579 and the January … [Continue reading]
United States Total Net TIC Flows: $260.2B (November) vs $-83.8B
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]
Mexican Peso advances modestly on mixed Retail Sales following solid US Consumer Sentiment
Share: Mexican Peso appreciates more than 0.15%, overcoming weak Retail Sales data and sluggish economic growth projections. Former Banxico Deputy Governor Elizondo suggests a continued tight monetary policy stance in Mexico. Improved US Consumer … [Continue reading]
EUR/GBP: 0.8640 could be the next big resistance – ING
Share: The Pound Sterling (GBP) sustained its good form of 2023 in early 2024 following the upside surprise for the UK Consumer Price Index (CPI) in December. Economists at ING analyze EUR/GBP outlook. EUR/GBP may struggle to find sustainable … [Continue reading]
Forex Today: US Dollar consolidates weekly gains amid a cautious mood
Share: Here is what you need to know on Friday, January 19: The tech rally-led risk-on sentiment on Wall Street failed to extend in Asian trading on Friday, as the Middle East geopolitical tensions heated up alongside persistent Chinese economic … [Continue reading]