Share: Gold price moves higher as Fed’s rate-cut bets persist. This week, the US NFP and ISM PMI reports will guide further action in the FX domain. The US Dollar advances further ahead of crucial economic data. Gold price (XAU/USD) kicks-off the … [Continue reading]
USD/CHF edges higher to near 0.8450, awaits US data for fresh impetus
Share: USD/CHF rises to near 0.8450 major level as the Greenback gains ground. US-Houthi clash in the Red Sea could reinforce the demand for the Safe-haven Swiss Franc. Traders are expected to adopt caution as recent US data indicated the slowing … [Continue reading]
NZD/USD holds above 0.6300 ahead of China’s Caixin PMI data
Share: NZD/USD trades on a softer note near 0.6313 on the downbeat Chinese economic data. The Chinese NBS Manufacturing PMI came in at 49.0 in December vs. 49.4 prior, worse than expected. The markets expect that the Fed will begin its easing cycle … [Continue reading]
$518 million in crypto tokens could flood exchanges in January: APT, INJ, OP, SUI, AXS unlocks
Share: Token unlocks in Aptos, Injective, Optimism, SUI and Axie Infinity are lined up in January. The unlock value of these tokens exceeds $518 million according to TokenUnlocks data. Large volume unlocks typically result in a … [Continue reading]
Ethereum price could make a recovery as ETH supply on exchanges hits an all-time low
Share: Ethereum supply on exchanges hit an all-time low, 8.04% of the asset’s total supply is in exchange wallets. ETH price gears up for a recovery alongside rise in active addresses on the Ethereum chain. ETH price sustains above … [Continue reading]
Bitcoin price reaction to likely Spot ETF approval could disappoint BTC holders
Share: Bitcoin Spot ETF’s likely approval by the SEC could promote inflow of over $100 million to the securities product in the short term. Director of Digital Assets Strategy at VanEck says people tend to overestimate the initial impact of Spot … [Continue reading]
Orbit Chain hackers ring in New Year with $81.4 million exploit
Share: Orbit Chain cross-chain bridge suffered an exploit resulting in a loss of Tether, DAI, USDC, wBTC and ETH worth nearly $81.4 million. The exploiter drained the bridge and sent assets to a new wallet. Blockchain security firm … [Continue reading]
Bitcoin Spot ETF approval may fail to catalyze BTC price rally for these reasons
Share: Bitcoin Spot ETF’s likely approval next Tuesday failed to stir volatility in futures markets. Options data for January 12 has a strong correlation with Bitcoin Spot ETF. Options Implied Volatility fell rather than rising and the … [Continue reading]
Litecoin hits over 1 million daily transactions for the first time in 2023 alongside LTC price rally
Share: Litecoin active addresses climbed consistently between November 11 and December 31. LTC daily transactions hit a record 1 million for the first time in 2023, while Litecoin price rallied. Litecoin yielded nearly 7% gains in the … [Continue reading]
Vitalik Buterin proposes to solve Ethereum design’s weakness through update
Share: Ethereum co-founder Vitalik Buterin shared an updated roadmap for ETH 2023 appreciating progress made by ETH Layer 2s. Vitalik did not commit to a timeline for changes to Ethereum and noted that they are ordered according to … [Continue reading]