Share: Litecoin price is likely to slide 10% before holders can consider accumulating. A sweep of the range low at $56 will be the first sign that LTC is forming a bottom. A quick recovery above $56, coupled with the shift in market structure, will … [Continue reading]
XRP price falls to two-month lows despite Grayscale adding Ripple to its Digital Large Cap Fund
Share: XRP price has been witnessing bearish sentiment for the past four days following a near 20% crash. Grayscale announced that it would be removing Polygon (MATIC) from its Digital Large Cap Fund (GDLC). Ripple (XRP) and Avalanche (AVAX) were … [Continue reading]
Bitcoin spot ETF approval could come as soon as Tuesday, new filings hint
Share: Bitcoin spot ETF approval edges closer to reality as the 11 applicants submitted updated 19b-4 filings on January 5. For a successful ETF approval, the US SEC needs to approve amended 19b-4 filings and finish the S-1 filings’ review … [Continue reading]
BlackRock might be on track to create history with $2 billion inflows in spot Bitcoin ETF in a week
Share: VanEck's head of digital asset research stated BlackRock has over $2 billion lined up in incremental flows in the first week. This would create a new record as in the history of ETF launches, it would be the largest volume. VanEck itself … [Continue reading]
EUR/USD ends NFP Friday near where it started after rejection from 1.1000
Share: EUR/USD whipped in hectic Friday action following Eurozone inflation, US labor data. European inflation continues to hamper the ECB, while US jobs data beat the street. EUR/USD wraps up the week near 1.0940. The EUR/USD fell to a three-week … [Continue reading]
Bitcoin Weekly Forecast: Analyzing possible short term implication of possible spot ETF approval on BTC price
Share: Bitcoin price remains lull as it continues to consolidate within the weekly supply zone between $40,467 and $46,999. An approval, rejection, or delayed decision on spot BTC ETF applications could shove BTC out of the order block. With the … [Continue reading]
Bitcoin price hovers around $43,800 as US Nonfarm Payrolls defies expectations, rising by 216,000
Share: Bitcoin price has remained largely unchanged, merely falling to $42,500 during the intra-day lows. Nonfarm Payrolls in the United States rose by 216,000 in December against the expectations of 170,000. Some sell-off is generally the norm … [Continue reading]
Euro area HICP inflation rises to 2.9% in December vs. 3% expected
Share: Annual HICP inflation in the Euro area climbed to 2.9% in December. EUR/USD stays in negative territory slightly above 1.0900. Inflation in the Euro area, as measured by the change in the Harmonized Index of Consumer Prices, rose to 2.9% on … [Continue reading]
Gold price consolidates in a narrow range above weekly low, US NFP awaited
Share: Gold price extends its sideways consolidative price move for the second successive day on Friday. Reduced bets for more aggressive policy easing by the Fed seem to cap the upside for the metal. Traders also seem reluctant to place … [Continue reading]
Bitcoin price recovers to $44,000 as VanEck, Grayscale, etc, register ETF securities with SEC
Share: Bitcoin price climbed back 3% on Thursday after falling below $41,000 yesterday owing to the Matrixport FUD. In the last two days, VanEck, Grayscale and Fidelity have filed for registration of securities with the SEC. The approval hype … [Continue reading]