The downside of the Japanese Yen could be limited as BoJ is highly expected to implement further rate hikes. Recent economic growth in Japan raises the possibility of another near-term BoJ rate hike. The US Dollar faced challenges following dovish … [Continue reading]
New Zealand Imports climbed from previous $5.47B to $7.11B in July
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]
Ethereum gas fees hit record lows as ETH attempts historical price move
Ethereum gas fees plunged to an all-time low on Saturday as ETH supply continued its uptrend. Global Ethereum ETFs saw minor inflows of $4.2 million last week despite their US counterparts recording over $14 million in outflows. Ethereum could repeat … [Continue reading]
Bitcoin struggles despite reduced miners’ selling pressure
Bitcoin price trades broadly stable, extending its consolidation between $57,000 and $62,000, and momentum indicators suggest an impending bearish trend. Data Nerd data shows Galaxy Digital withdrew on Monday 400 BTC worth $23.4 million from Binance … [Continue reading]
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Monday, according to FXStreet data. Silver trades at $28.93 per troy ounce, down 0.36% from the $29.03 it cost on Friday. Silver prices have increased by 21.57% since the beginning of the year. Unit measure Silver … [Continue reading]
Gold price sticks to modest intraday losses around $2,500 amid positive risk tone
Gold price struggles to capitalize on Friday’s breakout momentum amid a positive risk tone. Fed rate cut bets, along with geopolitical risks, might continue to lend support to the metal. Traders look to FOMC minutes and Fed Chair Powell’s speech this … [Continue reading]
Fed’s Goolsbee: US credit conditions are tight and are getting tighter
Federal Reserve Bank of Chicago President Austan Goolsbee said on Sunday that central bank officials should be wary of keeping the restrictive policy in place longer than necessary. Key quotes Credit conditions seem tight and are getting … [Continue reading]
What Bitcoin did this week and what to expect from BTC
Bitcoin noted sustained demand from institutional investors with nearly $13 million inflows in a week, per IntoTheBlock data. The US government moved $600 million in Bitcoin, not for intent to sell, but for custody through a partnership with … [Continue reading]
Indian authorities crackdown on $145 million crypto extortion case involving Bitcoin and Litecoin
India’s Enforcement Directorate detained an individual linked to a crypto extortion case involving 2,091 BTC, 11,000 LTC and cash. The authorities conducted a money-laundering investigation based on complaints registered in relation to … [Continue reading]
Dogecoin whales surge by 50% in 30 days, here’s what this means for DOGE
Dogecoin wallet addresses with greater than 10 billion DOGE climbed by 50% in the last 30 days, per IntoTheBlock data. Nearly 48% of the wallet addresses holding Dogecoin are currently sitting on unrealized losses. DOGE could extend gains … [Continue reading]