Share: EUR/USD is just about trading in the green on the day. Economists at Scotiabank analyze the pair’s outlook. Upside risks remain In broad terms, data surprise trends are improving for the EUR and weakening somewhat for the USD – a trend that … [Continue reading]
dYdX sees significant token inflow to exchanges ahead of two major unlock events
Share: dYdX tokens worth $11.38 million hit centralized exchanges in the past week, after dormant whales moved their holdings. More than 152 million dYdX tokens will be unlocked in two events within the next two weeks. dYdX price is … [Continue reading]
EUR/USD loses momentum below the mid-1.0800s ahead of the US Jobless Claims
Share: EUR/USD lose ground near 1.0835 on the firmer USD. The markets believe that the Federal Reserve (Fed) is done with hiking cycle. Eurozone Industrial Production for September declined 1.1% MoM vs 0.6% rise prior. European Central Bank (ECB) … [Continue reading]
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC bulls take advantage of recent dip with $40,000 in sight
Share: Bitcoin price could climb 7%, recouping the ground covered since the November 9 rejection from the $37,972 range high. Ethereum price defends the $1,935 support level at all costs, with success likely to initiate a 10% rally to $2,200. … [Continue reading]
Bitcoin price aims at $38,000 even as ETF analyst implies “under 50%” chance of approval
Share: Bitcoin price reclaimed $36,000 but could see further correction due to the bearish divergence noted over the last three weeks. Investors have sent over 34,000 BTC worth over $1.12 billion to exchanges in the past 30 days. Analysts suggest … [Continue reading]
US Dollar makes up on Tuesday’s nosedive with the help or Retail Sales
Share: The Greenback dropped over 1.5% on Tuesday, its worst performance in over a year. Traders are seeing the US Dollar getting stronger again on the back of stronger Retail Sales data. The US Dollar Index tries to recover some losses and … [Continue reading]
FLOKI staking TVL explodes, hits $54.4 million within a week
Share: FLOKI tokens locked in the Floki staking program have hit a new milestone, 17% of the total supply has been staked. Majority of the FLOKI tokens have been staked for as long as four years and will remain out of circulation. FLOKI … [Continue reading]
Chainlink price eyes likely 10% gains amidst CCIP adoption in Hong Kong
Share: Chainlink price rally is likely to be catalyzed by CCIP adoption by a Hong Kong based financial services institution. Sixteen firms participated in the phase one trial of the e-Hong Kong dollar CBDC by the Hong Kong Monetary Authority. … [Continue reading]
Ethereum whales scoop up the altcoin, likely to catalyze ETH price rally
Share: Ethereum network’s large wallet investors have been accumulating ETH tokens consistently for six months. ETH price recovery is likely to be catalyzed by declining exchange supply and rising whale accumulation. ETH yielded 3.15% … [Continue reading]
Cardano price suffers decline with rising whale activity, ADA holders remain optimistic
Share: Cardano price declined nearly 2% on the day, as whales engage in likely profit taking. Whale transactions valued at $1 million and higher increased between November 2 and 4. ADA holders remain optimistic on Cardano price … [Continue reading]