Cardano price hovers inside a range, extending from $0.433 to $0.521. A sweep of the range low seems likely before ADA starts a recovery rally to $0.521. A decisive flip of the $0.433 support floor into a resistance level will invalidate the … [Continue reading]
AEVO, APT, ARB among $1.33 billion worth of token unlocks lined up for next week
Token unlocks worth nearly $1.33 billion are lined up for next week. Aevo, Aptos, and Arbitrum will hold some of the most voluminous unlocks. Token holders should brace for volatility as unlocks are typically bearish catalysts. The timing and scale … [Continue reading]
US House Committee set to address regulatory issues over digital assets through review of FIT21 Act
The House Committee on Rules publicly announced intentions to address digital asset regulatory issues. Financial Innovation and Technology for the 21st Century Act would be reviewed to better address the state of digital assets. Billionaire … [Continue reading]
Ethereum declines briefly, underperforms Bitcoin in recent bull cycle
Ethereum has seen nearly a 5x growth in monthly active addresses since 2022, reaching 7.6 million. Insights from Glassnode show that Ethereum has underperformed Bitcoin in terms of price performance since the recent bull cycle began. Ethereum will … [Continue reading]
Fed’s Bowman: I don’t see rate cuts as warranted this year
Federal Reserve (Fed) Board of Governors member Michelle W. Bowman noted that she is skeptical about the chances of a rate cut in 2024 while speaking at the Texas Bankers Association Annual Convention in Arlington, Texas. Key highlights I don't see … [Continue reading]
India FX Reserves, USD rose from previous $637.92B to $641.59B in April 29
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]
XRP tests support at $0.50 as Ripple joins alliance to work on blockchain recovery
Ripple and XRPL Labs have joined the DeRec Alliance as founding members. The DeRec Alliance brings Web3 firms together to work on the recovery of digital assets in a secure manner across wallets. XRP tested support at $0.50 on Thursday, … [Continue reading]
Australian Dollar pulls back due to an upward correction in the US Dollar
The Australian Dollar retreated due to the improved US Dollar on Friday. The Australian Dollar is facing pressure due to the less hawkish stance of the RBA on monetary policy. The US Dollar rebounded due to the hawkish Fed to maintain higher interest … [Continue reading]
EUR/GBP churns near 0.8600 as central banks dominate headlines
EUR/GBP jostled after BoE rate cote steps towards cuts. Officials from both central banks insist progress is being made. Friday to wrap up the trading week with UK GDP. EUR/USD cycled within familiar levels on Thursday as the pair’s respective … [Continue reading]
Mexican Peso edges up as inflation reaccelerates ahead Banxico’s decision
Mexican Peso strengthens as the USD/MXN drops 0.21%, following April’s hot inflation report Consumer Price Index data shows prices remain above Banxico’s target range, hinting it may hold rates at 11.00%. USD/MXN traders’ eye upcoming decisions from … [Continue reading]