Aster (ASTER), Starknet (STRK), and Zcash (ZEC) trade in the green over the last 24 hours, struggling to retain gains while the broader cryptocurrency market is in the red. The technical outlook of Aster and Zcash remains mixed as bearish potential … [Continue reading]
When is the Japan quarterly prelim GDP and how could is affect USD/JPY?
Japan quarterly prelim GDP OverviewThe Japan’s Cabinet Office will publish its data for the third quarter (Q3) at 23.50 GMT. Gross Domestic Product is estimated to show a contraction of 0.6% QoQ in the Q3, compared to an expansion of 0.5% … [Continue reading]
Michael Saylor denies reports of Strategy selling Bitcoin, reaffirms accumulation
Strategy CEO Michael Saylor claims the company did not sell any of its Bitcoin, following rumours that the firm moved over 40,000 BTC across several wallets, according to the Arkham Intelligence dashboard.Strategy CEO reaffirms company's treasury … [Continue reading]
EUR/USD clings to 1.1600 despite weekly pullback on trimmed Fed Cut bets
The EUR/USD ended Friday with losses of 0.10% but the week finished on a higher note up 0.51% as risk appetite deteriorated amid growing speculation the Federal Reserve would pause its easing cycle next month. Nevertheless, the pair closed above the … [Continue reading]
BlackRock expands tokenized US Treasuries fund to BNB Chain
BlackRock's tokenized fund BUIDL has expanded to the BNB Chain, accompanied by a new share class and its acceptance as an off-exchange collateral for trading on Binance.BUIDL expands to BNB Chain following Binance integrationBlackRock's USD … [Continue reading]
Bitcoin’s correlation with NASDAQ stronger during market downturns
Bitcoin (BTC) has maintained its strong correlation with the NASDAQ-100 index. However, recent price action shows the top crypto only follows the index during periods of price declines."When equities rally, BTC's reaction is muted. When they sell … [Continue reading]
Dow Jones Industrial Average lags as AI stocks recover and data release delays weigh
The Dow Jones Industrial Average (DJIA) lagged behind its major index peers on Friday, backsliding nearly 600 points at its lowest before staging a half-hearted recovery, trimming the day’s losses to around 150 points. The AI-focused tech sector is … [Continue reading]
Fed’s Miran: The change in border policy is disinflationary
Federal Reserve (Fed) governor Stephen Miran spoke at a Fox Business interview on Friday, stating that monetary policy should be forward-looking and that wage gains have moderated.Key takeawaysThe Fed buying gold is not consistent with its … [Continue reading]
Gold plunges below $4,100 as hawkish Fed rhetoric trims December rate cut bets
Gold (XAU/USD) tumbles nearly 2% on Friday, yet it has recovered after reaching a daily low of $4,032 on growing speculation that the Federal Reserve (Fed) might pause its easing cycle as most officials struck a hawkish message.Bullion prices fell … [Continue reading]
XRP downside risks escalate amid muted retail interest
Ripple (XRP) edges lower, trading above $2.25 at the time of writing on Friday. The token's short-term outlook reflects a sticky risk-off sentiment in the broader cryptocurrency market. Low retail demand continues to weigh on the token, … [Continue reading]