Share: US Dollar Index pares the biggest weekly gain since September 2022 at seven-week high. Strong inflation-linked data underpin hawkish Fed bias to propel DXY run-up. Geopolitical fears add strength to the US Dollar’s haven demand. US PMIs, … [Continue reading]
Gold, the Chart of the Week: XAU/USD bulls lurking with eyes on trendline resistance
Share: Gold is running into a support zone that leaves upside corrections in focus for the initial balance of the week. The US Dollar is up high which also leaves a corrective bias for Gold price. Gold price ended lower for … [Continue reading]
Everything you need to know about Ethereum’s Shanghai hard fork and why it matters
Share: Ethereum’s Shanghai hard fork set in March will address tokens staked in the ETH 2.0 deposit contract and gas fees for developers. The Shapella hard fork, a combination of Shanghai and Capella execution and consensus layer forks will … [Continue reading]
Chainlink price prediction: Here’s why LINK is gearing up for a 10% price rally
Share: Chainlink price shows signs of recovery from its recent decline after dropping from the $8.28 level. A climb above the three Exponential Moving Averages will validate LINK's bullish thesis, flipping the resistance at $7.41 into … [Continue reading]
Recent report reveals Huobi, KuCoin likely in violation of US and European sanctions
Share: Huobi and KuCoin, two major crypto exchanges, still allow customers of sanctioned Russian banks to transact on their platforms. According to a report from crypto analytics firm Inca Digital, Huobi and KuCoin accept debit cards issued … [Continue reading]
Will RippleX’s cross-chain bridge act as a catalyst for native token XRP price?
Share: RippleX developers proposed a cross-chain bridge with protection against hacks, in the latest development. The proposed standard would lock tokens in an account when the XRPLedger issues an equivalent amount of tokens on another … [Continue reading]
Solana price nosedives as SOL network’s transaction processing craters with ‘Forking Event’
Share: The Solana network recently experienced a forking event that throttled users’ ability to execute transactions on the SOL blockchain. It remains unclear what has caused the “long forking event” on the Solana blockchain, according to two … [Continue reading]
Three catalysts that could drive Bitcoin price out of its recent slump
Share: Bitcoin price plummeted alongside a decline in S&P 500 after the US Dollar hit its highest value since the opening week of 2023. The People’s Bank of China injected $73 billion liquidity in its banking system over the past … [Continue reading]
Crypto assets tied to $320 million Wormhole hack retrieved by Oasis exploiting own wallet software
Share: DeFi application Oasis stated it received an order from the High Court of England and Wales to execute the exploit. Oasis revealed that a Whitehat hacker group identified the possibility and reached out to the team last week. The Wormhole … [Continue reading]
Top altcoins of the day: AI token SingularityNET & Optimism rally despite Bitcoin price falling by 3%
Share: Bitcoin price could be seen trading at $23,180, nearing the 50-day Exponential Moving Average support line. Optimism price breached the critical resistance at $3.088 to mark a new all-time high of $3.149 SingularityNET was up by more than 5% … [Continue reading]