Share: Altcoins Cardano, Solana and Algorand noted a spike in their social dominance in the past 24 hours. ADA, SOL and OP social dominance marked one of the highest levels seen in 2023. Analysts at crypto intelligence tracker Santiment … [Continue reading]
Binance capitulation to DoJ may have harmed its case against the US SEC
Share: Binance’s $4.3 billion settlement agreement with the DoJ and others supported the SEC’s lawsuit against the exchange, financial regulator says. Per the commission, the court should refer to CZ’s admissions in the settlement following his … [Continue reading]
Polkadot Price Prediction: 80% recovery rally nabbed as DOT meets critical supply barrier
Share: Polkadot price is up 80% since October 18 when the crypto market turned bullish. DOT risks a 5% correction, or worse if it fails to overcome the supply barrier extending from $7.236 to $7.575. Invalidation of the bearish outlook will occur … [Continue reading]
XRP price rise triggers whale addresses to sell 60 million XRP in three days
Share: XRP price rose by more than 3.3% in the last 24 hours to breach the resistance of $0.667. Ripple whales have managed to sell over 60 million XRP worth $40 million in three days. The MVRV ratio shows that the altcoin still has room to rally … [Continue reading]
Mexican Peso wraps up Friday’s session with gains, though prints weekly losses against the US Dollar
Share: Mexican Peso recovers from around weekly lows and reclaims the 100-day SMA. Mexico’s Producer Price Index was softer than estimated, keeping Banxico’s hopes of easing policy next year alive. US Nonfarm Payrolls in November were better than … [Continue reading]
EUR/USD Weekly Forecast: US Dollar turns north as central banks’ decisions loom
Share: A strong US labor market fueled demand for safety by the end of the week. The US Federal Reserve and the European Central Bank take centre stage. EUR/USD is poised to extend its slump in the upcoming days towards 1.0640. The US Dollar … [Continue reading]
Gold prices keep moving sideways on Friday ahead of the US Nonfarm Payrolls data
Share: Gold treads water with the market on a wait-and-see stance ahead of the NFP report. The near-term trend remains intact, fuelled by heightened speculation that Fed hikes are over. The Dollar is drawing some support from a mild recovery in US … [Continue reading]
Japanese Yen retreats to the lower end of its daily range against USD, looks to US NFP
Share: The Japanese Yen surged to a four-month top against the USD after BoJ Governor Ueda’s comments on Thursday. Rebounding US bond yields push the USD higher and assist USD/JPY to find support near the mid-142.00s on Friday. The divergent … [Continue reading]
Japanese Yen remains on front foot amid hopes of a BoJ pivot, despite weaker GDP print
Share: The Japanese Yen surged to a four-month top against the USD after BoJ Governor Ueda’s comments on Thursday. The JPY bulls largely shrugged off data showing that Japan’s economy contracted more than initially estimated in Q3. Fed rate cut … [Continue reading]
EUR/GBP strung along the middle just above 0.8550, Eurozone GDP miss keeps Euro pinned
Share: The EUR/GBP has drawn tight as both currencies mix on Thursday. The Euro remains steeply off of recent highs against the Pound Sterling. EUR lacking momentum after a miss on Eurozone GDP. The EUR/GBP has been trading in a tight range … [Continue reading]