Bitcoin security budget is not sustainable and BTC chain becoming a Proof-of-Stake network could result in an attack, says analyst. Ethereum does not face this issue according to the crypto analyst Anthony Sassano. John Galt, head of strategy … [Continue reading]
Ethereum is steady above $2,500 even as The Ethereum Foundation sells 300 ETH on Friday
Ethereum holds recent gains and trades above $2,500 on Saturday. The Ethereum Foundation offloaded another 300 Ether from their holdings, per on-chain data. Ethereum trades at $2,552, marks nearly 5% weekly gains. Ethereum (ETH) … [Continue reading]
Ethereum could initiate rally similar to last altcoin season following Fed rate cut
Ethereum is poised to replicate its performance where its price doubled Bitcoin's within a few months, says Steno Research analyst. The report noted that the Fed's rate cut will boost on-chain activity and fuel ETH's rise. Ethereum bulls could … [Continue reading]
Bitcoin ETF options set to go live following SEC approval of BlackRock’s application
BlackRock received the SEC's greenlight to list options on spot Bitcoin ETFs Bitcoin options trading on IBIT will follow BlackRock's standards. The OCC and CFTC has to give their approval before the options can go live. According to a filing on … [Continue reading]
Ethereum could break out of underperformance against Bitcoin following Fed rate cut
Ethereum is poised to replicate its performance where its price doubled Bitcoin's within a few months, says Steno Research analyst. The report noted that the Fed's rate cut will boost on-chain activity and fuel ETH's rise. Ethereum bulls could … [Continue reading]
Mexican Peso’s agony continues on dampened risk appetite, strong US Dollar
Mexican Peso continues to weaken, recording losses for three consecutive days amid increasing risk aversion. Fed Governor Waller supports the recent 50 bps rate cut, pointing to easing inflation and hinting at further cuts if labor conditions … [Continue reading]
GBP/USD Price Forecast: Gains modestly after hitting record high above 1.3300
GBP/USD hits resistance at 1.3340 and forms a potential ‘shooting star’ candlestick, signaling possible further losses. Key support lies at 1.3250, with additional levels at 1.3239, 1.3200, and the July 14 peak at 1.3142. On the upside, GBP/USD must … [Continue reading]
USD/JPY rallies to near 144.00 as BoJ delivers diplomatic policy guidance
USD/JPY surges above 144.00 as BoJ refrains from committing pre-defined rate hikes in this year. Japan’s National CPI rose to 3% in August. Traders see the Fed cutting interest rates further by 75 bps to 4.00%-4.25%. The USD/JPY delivers a sharp … [Continue reading]
BoJ’s Ueda: Will keep adjusting degree of easing if our economic, price outlooks are to be realized
Speaking at the post-policy meeting press conference on Friday, Bank of Japan (BoJ) Governor Kazuo Ueda said that the Bank “will keep adjusting the degree of easing if our economic and price outlooks are to be realized.” The BoJ left … [Continue reading]
Bitcoin is showing rising correlation with the S&P 500
Bitcoin and the S&P 500 have exhibited similar price patterns in the past few months. The rising correlation could be due to institutional players entering the crypto market and Fed's recent rate cut. Bitcoin has outperformed over 250 altcoins in … [Continue reading]