Grayscale adds SUI, TAO, OP, HNT, CELO, and UMA to its updated list of the top 20 cryptocurrencies for Q4. The assets in the top 20 have high price volatility and are considered high risk by the asset management giant. The US election … [Continue reading]
PEPE price prediction: Meme coin could see double-digit rally, revisit June high
PEPE rallies 4% on Saturday, the meme coin could extend gains by over 18%. PEPE leads the meme coin rally, Dogecoin and Shiba Inu lag behind. The frog-themed crypto could revisit June 2024 highs. Pepe (PEPE), a frog-themed … [Continue reading]
Crypto market brace for $3.46 billion unlocks next month amid potential Uptober FOMO
Token Unlocks data reveals a massive supply injection worth $3.46 billion, awaiting the crypto market in October. Celestia will add a new supply worth $1.12 billion, marking the highest unlock for the month. Solana and Worldcoin will also … [Continue reading]
Ethereum aims to reclaim $2,817 amid 498% rise in transaction fees
Ethereum transaction fees spiked 498% in the past ten days amid rising on-chain activity. Ethereum ETFs recorded $0.1 million in outflows, their lowest day of negative flows since launch. Ethereum aims for $2,817 and could post heavy gains if it … [Continue reading]
Gold price plummets Friday, still eyes weekly gains over 1%
XAU/USD drops to $2,646 after September inflation data suggests progress toward the Fed’s 2% target. US 10-year Treasury yield falls five basis points, while the US Dollar Index dips by 0.16% to 100.41. Geopolitical risks rise as Israel strikes … [Continue reading]
NZD/USD Price Analysis: Bulls regain strength, technicals and daily movements signal more gains
The NZD/USD climbed to fresh highs since December. The RSI stands deep in positive area and the MACD shows rising green bars supporting an overall bullish outlook. If the bulls fail to conquer 0.6400, it might trigger a downward correction. On … [Continue reading]
US Dollar down as markets digest PCE figures from August
US inflation signals are cooling with PCE reading below expectations. Consumer sentiment has rebounded, indicating brighter economic expectations. USD might see additional downside if the markets remain stubborn on November’s 50 bps cut bet. The US … [Continue reading]
Australian Dollar closes a strong week, in fresh highs since February 2023
AUD/USD gains traction from risk-on sentiment and China's stimulus measures. Hawkish RBA stance and soft US inflation maintain upside potential for AUD/USD. Markets are still betting on a 50 bps cut by the Fed. The AUD/USD gained traction on Friday, … [Continue reading]
US Dollar declines as PCE falls, markets confident of larger November cut
US inflation signals are cooling with PCE reading below expectations. Consumer sentiment has rebounded, indicating brighter economic expectations. USD might see additional downside if the markets remain stubborn on November’s 50 bps cut bet. The US … [Continue reading]
US UoM Consumer Confidence Index rises to 70.1 in September
Consumer confidence in the US improved by more than anticipated in September. UoM survey showed five-year inflation expectation held steady at 3.1%. Consumer confidence in the US improved in September, with the University of Michigan's Consumer … [Continue reading]