The SEC met with Jito Labs and Multicoin Capital to discuss regulatory issues surrounding crypto assets. A major subject of discussion was the approval of staking features for crypto ETFs. NYSE Arca filed with the SEC for Grayscale to allow staking … [Continue reading]
US states advance Bitcoin reserve legislation as Abu Dhabi discloses over $460 million investment in BTC ETFs
Lawmakers in twenty US states have introduced bills proposing the establishment of Bitcoin reserves. VanEck's Mathew Sigel suggested that the approval of these bills could stir close to $23 billion in inflows into Bitcoin. Abu Dhabi sovereign wealth … [Continue reading]
Ethereum Price Forecast: Pectra upgrade could alter investor sentiment as ETH retests $2,817
Ethereum price today: $2,740 Ethereum Foundation announced that the Pectra upgrade will continue as planned with the Holesky and Sepolia testnet upgrades set for February 24 and March 5. Ethereum options data shows a slight increase in optimism … [Continue reading]
Gold poised to end week with profits ahead FOMC minutes
Gold set to end the week up 0.80% despite Friday’s drop. US Retail Sales plunge, fueling US Dollar weakness and lower Treasury yields. Investors price in over one Fed rate cut, boosting bullion’s longer-term appeal. Gold price has fallen below … [Continue reading]
Mexican Peso surges and ends week in the green ahead Banxico’s minutes
Mexican Peso set for over 1% weekly gain as USD tumbles. The US Dollar Index falls to YTD lows as Fed rate-cut bets increase US Retail Sales drop fuels slowdown fears, boosting Fed easing expectations to 43.5 bps. Banxico minutes, Mexico GDP, and … [Continue reading]
Australian Dollar jumps to highs since December on USD weakness
Aussie edges higher following delayed reciprocal tariffs. US Retail Sales contracted, disappointing market forecasts. Fed watchers see 55% chance rates remain on hold in March. RBA rate cut speculation remains amid cooling domestic inflation. The … [Continue reading]
NZD/USD Price Analysis: Bulls push higher as pair eyes 100-day SMA
NZD/USD surges more than 1% on Friday, reaching its highest level since late January. The pair extends gains above 0.5730, setting its sights on the 100-day SMA at 0.5825. The NZD/USD pair rallied on Friday, jumping to 0.5735 and marking a fresh … [Continue reading]
USD/JPY Price Forecast: Sinks below 200-day SMA as USD tumbles
USD/JPY falls to 152.02, erasing February 12 gains as sellers take control. Bearish RSI signals further downside; key support at 150.93 and 148.64. A recovery above 152.73 could open the door to 153.22 and 154.00. The USD/JPY extended its losses, … [Continue reading]
Gold price plummets below $2,900 amid profit-taking, weak US Retail Sales
Gold set to end the week up 0.80% despite Friday’s drop. US Retail Sales plunge, fueling US Dollar weakness and lower Treasury yields. Investors price in over one Fed rate cut, boosting bullion’s longer-term appeal. Gold price has fallen below … [Continue reading]
GBP/USD rallies past 1.2600 as weak US Retail Sales sink the USD
US Retail Sales plunge 0.9% in January, missing forecasts. UK GDP surprises to the upside, boosting Pound momentum. GBP/USD eyes 100-day SMA at 1.2694 despite Fed-BoE policy divergence. The Pound Sterling rallied for the second consecutive day on … [Continue reading]