Share: Polkadot price rallied nearly 22% last week and set up a local top at $4.45. DOT is likely to retrace to the $3.98 support level and consolidate here before making its next move. The resulting bounce is likely going to push the altcoin … [Continue reading]
XRP price likely to crash by 12%, suggests Ripple Whales activity
Share: XRP price cleared $0.500 and $0.540 hurdles as it rallied 20% between October 19 and 24. The uptrend cleared buy-side liquidity, which is likely to result in a trend reversal. A spike in whale transactions at this local top formation … [Continue reading]
Floki staking program TVL hits $27 million in four hours but users complain of CEXes creating honeypots
Share: Floki network premiered TokenFi, a crypto and asset tokenization platform for its staking program. Barely four hours post launch, the TVL for the staking program hit $27.2 million, indicating total amount of staked FLOKI. Investors looking … [Continue reading]
Roundhill files for a Bitcoin Covered Call Strategy ETF as BlackRock drops new Russell 2000 filing
Share: Roundhill has filed for a Bitcoin Covered Call Strategy ETF, which will hold a Bitcoin futures ETF Dubbed the Fund, the product will also write call and put options for income Meanwhile, BlackRock has also dropped a new filing for a Russell … [Continue reading]
Ripple whales selling $55 million worth of XRP in a month could trigger a decline in XRP price
Share: XRP price has seen sideways action for the past three days, but indicators suggest the bullishness is waning. Ripple whales have been selling for the past month, dumping nearly $55.2 million worth of XRP. US SEC is seeking $770 million to … [Continue reading]
EUR/JPY dips on risk-aversion, and Tokyo CPI sparking speculations of BoJ normalization
Share: EUR/JPY trades at 158.06, down 0.48%, as BoJ normalization speculations gain traction. Escalating Middle East conflict bolsters safe-haven assets, including the Japanese Yen. ECB's decision to hold rates and scaled back positions for further … [Continue reading]
GBP/USD dips amidst escalating Middle East conflict, volatile market conditions
Share: GBP/USD sheds 0.12%, reversing from 1.2163 to 1.2112, as the Middle East conflict escalates. Gold prices surge past $2,000, reflecting heightened market volatility and risk-off sentiment. Upcoming UK and US economic releases, including PMIs … [Continue reading]
EUR/USD Weekly Forecast: Can the Federal Reserve dissipate the uncertainty?
Share: The European Central Bank put a halt to rate hikes, expressed concerns about growth. The US calendar will bring the Federal Reserve’s monetary policy decision and the Nonfarm Payrolls report. EUR/USD still unable to confirm an interim … [Continue reading]
EUR/GBP: Forecast profile lifted slightly higher to 0.89 over the coming 12 months – Danske Bank
Share: EUR/GBP has reached the highest level since May. Economists at Danske Bank analyze the pair’s outlook. GBP headwinds to persist We expect the UK economy to perform relatively worse than the Euro area and the conclusion of the Bank of England … [Continue reading]
Gold Futures: Correction in the offing?
Share: Open interest in gold futures markets dropped for the first time since October 16 on Thursday, this time by around 1.4K contracts according to preliminary readings from CME Group. Volume followed suit and shrank by around 24.7K contracts, … [Continue reading]