Share: Bitcoin price is down to $30,200 amid the dissipating influence of the spot BTC ETF mania on cryptocurrencies. BlackRock CEO Larry Fink recently rooted for Bitcoin as an international asset committed to digitizing gold. As the ETF euphoria’s … [Continue reading]
Solana price up 25%, expert says FUD is driving the rally
Share: Solana price is up 25% in the month, 135% in the year, outperforming the first 100 cryptocurrencies by market capitalization. The performance is striking, considering SOL bears the SEC’s security label that threatens its exchange … [Continue reading]
Ripple price suffers the aftermath of Hinman email failure as the XRP hype train dissipates
Share: Ripple price continues to paint bearish billboards with market capitalization, trading volume, and price in the red. The grin started after the Hinman documents release failed to deliver the expected frothing for the remittance token. … [Continue reading]
Coinbase calls out SEC for ignoring four dispositive points after a rebuttal of exchange’s recent filing
Share: Coinbase CLO has revealed that the SEC finally responded to its June 29 filing on overreaching its jurisdiction. Paul Grewal accuses the financial regulator of ignoring several dispositive points. The two, however, agree on the need for … [Continue reading]
EUR/JPY rejected at the 20-day, still set for further downside
Share: On Friday, the EUR/JPY found support at the 155.40 area, near the 20-day SMA and then settled at 155.80 The JPY strengthen agains most of its rivals amid strong Labor Cash Earning data from Japan. Eyes on German CPI data next Tuesday. At … [Continue reading]
With over 97% of ALGO holders underwater, Algorand price faces danger from its own investors
Share: Algorand price emerged as one of the slowest recovering assets in the last quarter, noting a consistent decline since February. At the moment, more than 97% of the addresses are facing losses majority of whose supply resides in the $0.94 to … [Continue reading]
USD/MXN slumps below 17.2000 as Mexican inflation cools down, US NFP disappoints
Share: Mexican Peso recovers as weak US data sparks a sell-off, bringing USD/MXN down from a four-week high. US job growth disappoints, triggering Dollar weakness; inflation fears persist as Average Hourly Earnings rise. Mexican inflation declines … [Continue reading]
S&P 500 bears are moving in but on the front side of bull trend
Share: US stocks slammed into the close and erode the NFP knee-jerk rally. Investors rethink the US data this week and the hawkish sentiment is a dark cloud over Wall Street. The S&P 500 (US500) index fell on Friday … [Continue reading]
Shiba Inu holders increase a thousandfold after SHIB lead developer hints at Layer-2 Shibarium launch
Share: The number of SHIB holders has increased by 2,828 over the last 24 hours, CryptEye data shows. The surge comes after the meme coin’s lead developer hinted at a possible launch date for the L2 Shibarium. The announcement has revitalized buyer … [Continue reading]
AUD/USD surrenders gains as USD Index rebounds despite downbeat US NFP report
Share: AUD/USD has capitulated gains generated after the release of weaker-than-expected US NFP data. S&P500 is expected to open on a subdued note as investors are cautious ahead of second-quarter result season. The Australian Dollar could show … [Continue reading]