Share: GBP/USD bears are moving and eyes are on trendline support. Bulls are firming at a prior resistance structure on the daily chart. GBP/USD bears have come into the market ahead of key economic data. UK labour market figures … [Continue reading]
CRV price at risk of collapse even as founder takes measures to fight liquidation
Share: Curve Finance CEO deposited 38 million CRV tokens into AAVE to mitigate liquidation risk. Over 30% of CRV’s circulating supply has been staked to fight the risk of price collapse. CRV price declined 22.75% in the past week in response … [Continue reading]
EUR/USD Forecast: Euro upside to remain capped ahead of key events
Share: EUR/USD edges higher to start the week. Technical outlook points to a buildup of bullish momentum. Investors could refrain from committing to a steady advance in the pair. EUR/USD advances beyond 1.0750 during the European trading … [Continue reading]
BoJ’s Wakatabe: The central bank communication would be very interesting
Share: Bank of Japan (BoJ) policymaker Masazumi Wakatabe said in a Bloomberg TV interview early Monday, “the communication would be very interesting” at the upcoming policy meeting this Friday. Key quotes “It’s still too early to call that this … [Continue reading]
Japan Producer Price Index (MoM) came in at -0.7%, below expectations (-0.2%) in May
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Shiba Inu price recovery uncertain as Shibarium launch likely to be delayed
Share: Shiba Inu price declined 23% over the past week amidst the crypto market bloodbath. Shiba Inu’s Layer 2 scaling solution Shibarium’s launch will potentially be delayed. The launch of Shibarium is highly anticipated in the crypto … [Continue reading]
MATIC price rallies in double-digits as Polygon network responds to the SEC’s allegations
Share: Polygon network responded to US financial regulator Securities & Exchange Commission’s litigation. The upcoming tech announcements and recent partnerships of the Layer 2 protocol fuel a bullish thesis for MATIC price … [Continue reading]
Bitcoin whales quietly accumulate BTC in anticipation of strong rebound in the asset
Share: The bullish divergence between whales accumulating Bitcoin as prices decline is typical of a rebound in BTC price. Large wallet investors are scooping up more than 1,000 BTC a day, as the largest cryptocurrency bleeds in response to … [Continue reading]
Nigerian regulator shuts door on Binance’s operations in the country, ushers bloodbath in crypto
Share: Nigeria’s Securities and Exchange Commission announced that Binance is not regulated in the country. The regulator instructed the exchange to stop soliciting local investors in a recent statement. The SEC’s statement said that … [Continue reading]
Bitcoin hodlers accumulate $960.4 million in BTC a month during the crypto bloodbath
Share: Bitcoin dominance is on the rise and holders are accumulating 37,400 BTC tokens a month despite mass uncertainty in crypto. While altcoins suffered massive losses over the past week, BTC price sustained above the key price level of … [Continue reading]