Share: GBP/USD stays on the front foot ahead of a busy economic docket in the US and the UK. If US inflation rises above forecasts, traders could expect a “hawkish” message by the Fed on Wednesday. The Federal Reserve and the Bank of England are … [Continue reading]
BoE Preview: Forecasts from eight major banks, keeping rates restrictive and cut pushback
Share: The Bank of England (BoE) will announce its Interest Rate Decision on Thursday, December 14 at 12:00 GMT and as we get closer to the release time, here are the expectations forecast by the economists and researchers of eight major banks. The … [Continue reading]
Synthetix price shows continued strength as SNX supply on exchanges drops
Share: Synthetix supply on exchanges declined to 2.59% on Monday, likely reducing selling pressure on SNX. SNX price rallied nearly 12% in the past week. The Synthetix ecosystem has updates lined up for the entire stack of the … [Continue reading]
Ripple plunges alongside altcoins in marketwide crash, Galaxy CEO admits XRP Army is real
Share: Ripple’s programmatic sales of XRP are making headlines again with pro-XRP attorney John Deaton’s criticism of former SEC Chair’s comments. Galaxy CEO Michael Novogratz acknowledged in an interview that the XRP Army is real and its … [Continue reading]
Japanese Yen drifts lower against USD amid reduced bets for March Fed rate cut, BoJ pivot
Share: The Japanese Yen gives up some of its recent strong gains against the US Dollar. Reduced bets for an imminent shift in the BoJ’s policy shift undermine the JPY. The USD draws support from Friday’s better-than-expected US monthly job data. … [Continue reading]
Altcoin bull cycle 2023 picks by analyst: Ethereum, ChainLink, Arbitrum, Optimism
Share: Bitcoin price is likely to rally to $48,000, as market participants keep up with the updates on Bitcoin Spot ETF applications. Altcoins like Ethereum, Chainlink, Arbitrum and Optimism are likely to gain from BTC’s price rally. Ethereum … [Continue reading]
Bitcoin core developer calls Ordinals a “vulnerability” for the BTC blockchain
Share: Bitcoin core developer Luke Dashjr argues that Ordinals are a vulnerability that is driving up transaction costs and needs to be removed. Fixing the vulnerability would remove Ordinals from the BTC blockchain, eliminating spam from … [Continue reading]
Solana continues to see inflows from the Ethereum chain, SOL price sustains above $72
Share: Ethereum alternative Solana has noted consistent inflows from the ETH chain. Solana recently flipped Ethereum for NFT sales according to Cryptoslam data. Solana price sustained above the $72 mark, yielding nearly 14% weekly gains … [Continue reading]
MATIC price could face selling pressure from mounting inflow to exchanges
Share: MATIC whales have sent their token holdings to exchanges like Binance and Coinbase in large volumes on December 10. MATIC supply on exchanges has climbed to 9% of the token’s total supply, implying a rise in selling pressure. … [Continue reading]
Ethereum derivatives data points at bullish start for ETH in 2024
Share: Ethereum put/call ratio for options expiring on January 26, 2024 is 0.19. ETH put/call ratio is 0.38, as on December 8, according to Deribit data. Ethereum price sustained above the $2,300 level on Binance, as the altcoin printed … [Continue reading]