Bitcoin price is up 5% on the month after hurdling the $17,000 zone. Ethereum price outperforms Bitcoin's gains by 400%. XRP price shows resistance during the recenent uptrend move. The crypto market is feverishly moving north. Time will … [Continue reading]
USD/JPY: Support is seen at 129.62/52 and eventually 127.53/27 – Credit Suisse
USD/JPY has fallen sharply post US payrolls. In the view of analysts at Credit Suisse, the recent strength has been corrective only and stay bearish for 127.53/27. Resistance at 134.78/89 set to cap “The recovery in USD/JPY last week was unable to … [Continue reading]
AUD/USD clings to gains near multi-month top, comfortably above 0.6900 amid weaker USD
AUD/USD gains traction for the second straight day and rallies to its highest level since late August. A combination of factors weighs heavily on the greenback and remains supportive of the move up. Looming recession risks might hold back bulls from … [Continue reading]
GBP/USD surpasses 1.2150 despite Fed sees hawkish policy continuation into 2024
GBP/USD is looking to extend the upside further as the Federal Reserve may choose a smaller interest rate hike ahead. Weaker United States Services PMI after poor Manufacturing PMI has triggered recession fears. Considering the stubbornness in United … [Continue reading]
GBP/USD extends gains above 1.2100 as US recession fears soar
GBP/USD has overstepped the critical resistance of 1.2100 amid risk-on impulse. A sheer decline in economic activities in the United States has triggered recession fears. BOE Mann has warned that an energy price cap-inspired fall in inflation could … [Continue reading]
Solana network witnesses spike in daily activity, bounces back 3x pre-FTX collapse
Solana network development activity increased, implying developers are working to improve the blockchain network. Social volume of the Ethereum-killer token climbed, reflecting a spike in its popularity in the crypto community. Daily … [Continue reading]
Cardano whales continue accumulation awaiting three key developments in 2023
Cardano network’s large wallet investors are scooping up the Ethereum-killer altcoin, based on on-chain data from Santiment. ADA holders are awaiting the launch of Hydra, Oracles and the stablecoin Djed, bullish catalysts for the Cardano … [Continue reading]
Bitcoin attracts mega whales with new moves, finds support at the $16,800 level
Bitcoin price is prepared to break out of its triangle formation after establishing new support at the $16,800 level. The cryptocurrency has attracted large wallet investors to its network with a new 100-week point of control below the $17,000 … [Continue reading]
Litecoin offers 12% gains to LTC holders, three reasons why the altcoin has bullish potential
Litecoin price is on track to break outside the ascending channel after the 50-day Exponential Moving Average crossed below the 200-day EMA. LTC has yielded double-digit gains for holders over the past two weeks and the outlook on the altcoin … [Continue reading]
Here’s why Ethereum Classic witnessed a massive rebound in its price with hashrate simulation
Ethereum Classic’s hash rate bounced back with a spike in network activity and experts believe the altcoin is likely to climb higher. ETC registers a large price rally typically every few weeks, the last such spike was noted on January … [Continue reading]