Share: XRP price recovered from its decline below the key psychological level of $0.50 early on Saturday. Pro-XRP attorney John Deaton said that former SEC officials’ testimony in SEC vs Ripple lawsuit could have classified XRP as … [Continue reading]
Top 3 undervalued cryptocurrencies in their opportunity zones during Bitcoin season
Share: Altcoins in top 100 are struggling to recover, on-chain analysts have identified three cryptocurrencies that offer traders an opportunity. AUCTION, LINA and SRM are the three cryptocurrencies that are currently undervalued, according … [Continue reading]
PEPE coin team issues statement on bad actors in founding team, 10 trillion PEPE tokens left
Share: PEPE coin’s official Twitter account issued a statement addressing the transfer of 16 trillion tokens to crypto exchanges. The statement explains how three bad actors, formerly associated with PEPE coin, stole 60% of the tokens in the … [Continue reading]
LINK holders’ patience could pay off as Chainlink price likely to initiate recovery
Share: Chainlink price, despite the decline, has sustained above $6, right above the crucial support line at $5.9. LINK investors have exhibited patience throughout the recent crash, which kept them from witnessing significant losses. The MVRV … [Continue reading]
FTX debtors’ personal data compromised in bankruptcy hack; FBI partakes in investigation
Share: FTX, Genesis and BlockFi customers' are said to be vulnerable to phishing scams that could seek unauthorized access to their wallets. Legal service provider Kroll revealed that it suspects the attack took place on August 19, which could have … [Continue reading]
GBP/USD slides to two-month lows amid global economic woes, hawkish Fed stance
Share: GBP/USD falls 0.18%, as concerns over global business activity and China’s real estate market woes fuel a risk-off environment. US Dollar Index (DXY) advances 0.19% to around two-month highs, buoyed by Powell’s hawkish remarks on inflation … [Continue reading]
US Dollar Index: Climbs above 104.00 as Powell’s hawkish tone reverberates through markets
Share: DXY climbed 0.18% to 104.197 after Powell’s hawkish remarks, signaling a stronger dollar against a basket of six major currencies. CME FedWatch Tool indicates a 46.7% chance of a 25 bps rate hike in November, challenging previous estimates … [Continue reading]
AUD/USD: Decline seems somewhat excessive – Danske Bank
Share: AUD/USD declined sharply following the surge in worries related to the Chinese real estate sector and financial stability. Economists at Danske Bank analyze the pair’s outlook. Latest decline seems overdone from relative rates perspective … [Continue reading]
EUR/CHF: 0.9500 level to be a solid barrier towards preventing further gains in Franc – Citi
Share: EUR/CHF has weakened since since mid-January. But downside momentum seems to be fading, economists at Citi report. Has CHF hit its lows against EUR? There are a number of reasons for CHF to underperform EUR over the … [Continue reading]
Asian Stock Market: Trades lower ahead of Fed’s Powell speech, Nikkei leads losses
Share: Asian stock markets open on a weak note on Friday ahead of the key event. Chinese central bank looks to target outflows and limit the amount of Yuan offshore. Japan’s Nikkei leads losses by almost 2%, dragged by tech stocks. Indonesian … [Continue reading]