Share: Mina Protocol price has swept the December 28, 2023 lows and shows signs of recovery. If a few more conditions are met, MINA holders can expect a 23% rally to $1.36. A flip of the range low at $1.02 into a resistance level will invalidate … [Continue reading]
PEOPLE price set to undo 80% gains, hints at double-digit correction
Share: PEOPLE price shows signs of exhaustion after rallying 81% in under 48 hours. The bearish divergence can be clearly spotted on the RSI and AO indices, which hints at a trend reversal. Investors can expect an 18% correction into the low … [Continue reading]
Litecoin price has a long way to go before LTC attempts to tag $85
Share: Litecoin price is likely to slide 10% before holders can consider accumulating. A sweep of the range low at $56 will be the first sign that LTC is forming a bottom. A quick recovery above $56, coupled with the shift in market structure, will … [Continue reading]
XRP price falls to two-month lows despite Grayscale adding Ripple to its Digital Large Cap Fund
Share: XRP price has been witnessing bearish sentiment for the past four days following a near 20% crash. Grayscale announced that it would be removing Polygon (MATIC) from its Digital Large Cap Fund (GDLC). Ripple (XRP) and Avalanche (AVAX) were … [Continue reading]
Bitcoin spot ETF approval could come as soon as Tuesday, new filings hint
Share: Bitcoin spot ETF approval edges closer to reality as the 11 applicants submitted updated 19b-4 filings on January 5. For a successful ETF approval, the US SEC needs to approve amended 19b-4 filings and finish the S-1 filings’ review … [Continue reading]
BlackRock might be on track to create history with $2 billion inflows in spot Bitcoin ETF in a week
Share: VanEck's head of digital asset research stated BlackRock has over $2 billion lined up in incremental flows in the first week. This would create a new record as in the history of ETF launches, it would be the largest volume. VanEck itself … [Continue reading]
EUR/USD ends NFP Friday near where it started after rejection from 1.1000
Share: EUR/USD whipped in hectic Friday action following Eurozone inflation, US labor data. European inflation continues to hamper the ECB, while US jobs data beat the street. EUR/USD wraps up the week near 1.0940. The EUR/USD fell to a three-week … [Continue reading]
Bitcoin Weekly Forecast: Analyzing possible short term implication of possible spot ETF approval on BTC price
Share: Bitcoin price remains lull as it continues to consolidate within the weekly supply zone between $40,467 and $46,999. An approval, rejection, or delayed decision on spot BTC ETF applications could shove BTC out of the order block. With the … [Continue reading]
Bitcoin price hovers around $43,800 as US Nonfarm Payrolls defies expectations, rising by 216,000
Share: Bitcoin price has remained largely unchanged, merely falling to $42,500 during the intra-day lows. Nonfarm Payrolls in the United States rose by 216,000 in December against the expectations of 170,000. Some sell-off is generally the norm … [Continue reading]
Euro area HICP inflation rises to 2.9% in December vs. 3% expected
Share: Annual HICP inflation in the Euro area climbed to 2.9% in December. EUR/USD stays in negative territory slightly above 1.0900. Inflation in the Euro area, as measured by the change in the Harmonized Index of Consumer Prices, rose to 2.9% on … [Continue reading]