Dogecoin price dipped nearly 15% after the Friday crypto market bloodbath. DOGE could make a 15% recovery if Bitcoin price shows strength again. While a slip below $0.1606 would negate the thesis, the hammer candle is a caveat. Dogecoin (DOGE) price … [Continue reading]
Bitcoin price dips seven days to BTC halving, whiplashes nearly $1 billion in positions
Bitcoin price has reverted to the depths of $65,000, levels last seen on April 5. Altcoins dipped with BTC to record double-digit losses as Ethereum lost 10%. Over $880 million position were liquidated seven days to Bitcoin halving. Bitcoin (BTC) … [Continue reading]
Ton Foundation partners with Hashkey to enable crypto on-ramping for Telegram wallet users
Ton Foundation and Hashkey plan to improve on- and off-ramps for Telegram wallet users. Both platforms aim to provide support for Ton-based projects following Ton Foundation airdrop. Toncoin is now in the top 10 cryptocurrencies despite early … [Continue reading]
Ethereum price stagnates as EIP-3074 brings smart contract functionalities to wallets
Ethereum developers approve adding Ethereum Improvement Proposal EIP-3074 to Pectra hard fork. EIP-3074 is meant to reduce gas fees, improve wallet experience for users despite security concerns. JPMorgan analysts maintain 50% odds of a spot Ethereum … [Continue reading]
Gold refreshes all-time peak above $2,400 before retracing on risk aversion, strong USD
Gold reaches record $2,431, then pulls back amid stronger US Dollar and reduced inflation concerns. Geopolitical tensions between Iran-Israel spark market volatility, initially raising demand for safe havens. Fed officials' comments boost the US … [Continue reading]
Dow Jones Industrial Average dives further with banks and chipmakers suffering
Dow Jones index drops for fourth session this week, on track to post nearly 4.5% reversal from late March highs near 40,000. JPMorgan leads losses as quarterly earnings failed to meet expectations. News that China has told tech firms to phase … [Continue reading]
ECB gave some strong hints that a June cut is forthcoming – Rabobank
Reviewing the European Central Bank's (ECB) monetary policy announcements following the April meeting, Rabobank analysts noted that the ECB gave some strong hints that there will be a reduction in the policy rate in June. ECB is now more concerned of … [Continue reading]
GBP/USD Forecast: Sellers could take action if 1.2500 support fails
GBP/USD touched its lowest level since December near 1.2500 on Friday. The technical outlook suggests that the bearish bias stays intact. BoE-ECB policy divergence could help Pound Sterling limit its losses. After posting small gains on … [Continue reading]
Gold Price Forecast: Focus on weekly close above $2,400 amid heightened geopolitical tensions
Gold price records another historic level just shy of $2,400 early Friday. US Dollar consolidates with US Treasury bond yields, as a Fed rate cut is now priced for September. Middle East Geopolitical tensions will keep refueling Gold buyers even as … [Continue reading]
Fed should be able to cut rates by end 2024, IMF managing director says
The Federal Reserve (Fed) should be able to start cutting interest rates by the end of 2024, according to Kristalina Georgieva, managing director of the International Monetary Fund. Key quotes “We remain on our projection that we would see, by the … [Continue reading]