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]
USD/CAD grinds near 1.3350 despite strong options market signals as US/Canada employment data loom
Share: USD/CAD seesaws at the highest level in a month, making rounds to 1.3350 during early Friday morning in Asia, as traders await the top-tier employment statistics from the US and Canada for July. It’s worth noting that the Loonie pair trader’s … [Continue reading]
Binance defies regulatory FUD with 22 million new registered users in three months, BNB price drops 30%
Share: BNB price is down 30% since May, a three-month period that has seen 22 million new users join Binance exchange. The disparity comes amid regulatory clampdown against the exchange and its CEO Changpeng Zhao, which worsened broader bear market … [Continue reading]