Bitcoin price could extend the fall to $60,000 without invalidating the bullish thesis. Ethereum price could drop 10% if BTC weakness prevails Ripple price could drop 7% to $0.5740 before the next leg up. Bitcoin (BTC) price has crashed, and with … [Continue reading]
Solana Price Prediction: Is SOL the altcoin to buy this bull cycle?
Solana price maintains its gains despite a broader market crash. SOL could climb 7% to the $200 psychological level last tested in December 2021. A break and close below $133.80 support level would invalidate the bullish thesis. While the bullish … [Continue reading]
Bitcoin price dips to a low of $65,600 as weekend volatility creeps in
Bitcoin price dropped below the $70,000 threshold, bottoming out at $65,600 on Friday. El Salvador’s President Nayib Bukele says a big chunk of the country’s BTC holdings have been moved to a cold wallet. MicroStrategy has announced pricing for its … [Continue reading]
Bitcoin price slumps further from Thursday’s record high above $73K
Bitcoin price dropped below the $70,000 threshold, bottoming out at $65,600 on Friday. El Salvador’s President Nayib Bukele says a big chunk of the country’s BTC holdings have been moved to a cold wallet. MicroStrategy has announced pricing for its … [Continue reading]
The Yen is the one major currency that is likely to rise significantly against the USD this year – SocGen
The US Dollar (USD) has run out of momentum due to more mixed economic data. Economists at Société Générale analyze the forex market outlook. Sterling is clearly vulnerable USD/JPY is likely to fall as the BoJ exits negative rates and yield curve … [Continue reading]
BoE Survey: UK public inflation expectations for year ahead drop from 3.3% to 3.0% in February
UK public inflation expectations for the coming year are seen at 3.0% in February, declining from a 3.3% figure projected in November, the quarterly survey conducted by the Bank of England (BoE) showed on Friday. Additional findings UK public … [Continue reading]
GBP/USD hangs near one-week low, looks to US macro data for fresh impetus
GBP/USD drifts lower for the second straight day and drops to over a one-week trough. The USD sticks to the hotter US PPI-inspired gains and exerts some pressure on the pair. Traders now look to the US macro data for some impetus ahead of the FOMC … [Continue reading]
Japan’s Hayashi: Expects the BoJ to stably hit its inflation target
Japan Chief Cabinet Secretary Hayashi said on Friday that he expected the Bank of Japan (BoJ) to stably hit its inflation target. Key quotes “Monetary policy falls under the jurisdiction of the BoJ.”"Expect the BoJ to conduct appropriate monetary … [Continue reading]
Bitcoin price rally cools off as UK Judge says Craig Wright is not Satoshi Nakamoto
Bitcoin price retracted to a low of $70,543 on Binance, causing over $250 million in liquidations. A UK judge has determined that Craig Wright is not Satoshi Nakamoto and that he did not create BTC. Sidelined and late investors could have another … [Continue reading]
Buying EUR/GBP when it gets close to 0.8500 – SocGen
EUR/GBP has bounced off 0.8500, again. Economists at Société Générale analyze the pair’s outlook. GBP, along with CHF, will be a favourite European currency short Repeated attempts by EUR/GBP to break below 0.8500 have failed this year, with … [Continue reading]