Share: Elon Musk addressed the rumors of a Twitter or X token launch and stated that the platform will “never launch” a crypto token. Dogecoin’s community of holders grow hopeful that the meme coin could find utility on X’s platform, given … [Continue reading]
Gary Gensler’s crypto crusade likely to end if judge dismisses Coinbase case over Ripple ruling
Share: Coinbase’s Chief Legal Officer informed the crypto community that the exchange filed a brief asking the court to dismiss the SEC’s case. Coinbase argues that the platform does not offer investment contracts and states that the SEC has … [Continue reading]
Ripple whales dump 100 million XRP as XRP price suffers the waning bullishness of SEC lawsuit win
Share: XRP price has declined by almost 25% in the span of two weeks after marking 2023 highs of $0.85 last month. Whale addresses holding 100,000 to 1 million XRP have sold more than 100 million XRP in the same duration to take profits. This … [Continue reading]
Polygon investors resort to dormancy as MATIC price nears 13-month low for the second time
Share: MATIC price is inching closer to $0.585, which was recently tested in June and last breached in July 2022. MATIC holders' participation has declined by about 60% in the span of two weeks owing to weak price action. Investors are likely going … [Continue reading]
Potential of an alt season pushed to Q1 2024 as Bitcoin dominates most top altcoins
Share: Bitcoin price, despite being stuck under $30,000, is recovering in terms of dominance due to the terrible performance of altcoins. Analyst Pentoshi is of the opinion that with the stablecoin and altcoin market trending downward, the next … [Continue reading]
EUR/JPY closes the week neutral above the 20-day SMA
Share: EUR/JPY bulls defended the 20-day SMA, and the cross established itself above 156.00. Factory orders from June unexpectedly rise by 7%. BoJ’s hawkish signals and rising Japanese yields may limit the pair’s gains. On Friday, the EUR/JPY … [Continue reading]
EUR/USD seen falling to 1.08 on a three-month perspective – Rabobank
Share: Analysts at Rabobank see the US Dollar appreciating against the Euro and the Pound over the next few months. They point out that the relative resilience of the US economy suggests that it will be some time before monetary policy is eased. Key … [Continue reading]
US Dollar declines sharply after US July jobs report
Share: The US Dollar came under renewed selling pressure on Friday. The US Dollar Index declined below 102.00 and erased a large portion of weekly gains. US July jobs report showed a 187,000 increase in Nonfarm Payrolls in July. The US Dollar … [Continue reading]
Bitcoin options worth $530 million set to expire on Friday without bear market end in sight
Share: Bitcoin price remains largely unchanged at $29,100, with weekly option implied volatility at 25%. Half a billion dollars worth of expiring Bitcoin options contracts have a maximum pain point of $29,500, signaling the level at which losses … [Continue reading]
AUD/JPY trims a part of intraday gains to 94.00 neighbourhood, still up over 0.25% for the day
Share: AUD/JPY gains some positive traction on Friday and snaps a three-day losing streak. A positive risk tone undermines the safe-haven JPY and acts as a tailwind for the cross. Hawkish RBA Monetary Policy Statement benefits the Aussie and … [Continue reading]