Ethereum price shows a 37% year-to-date, which is almost equal to that of Bitcoin. The upside for ETH could extend up to $1,820, but if the momentum indicator continues to wane, this could be a top signal. Invalidation of the bearish thesis will … [Continue reading]
This is what needs to happen for Bitcoin price to hit $30,000
Bitcoin price has rallied 8% so far after an explosive start to 2023. A flip of the 200-weekly SMA at $24,646 will open the path for BTC to retest $30,000. Invalidation of the bullish thesis will occur if BTC flips the $15,443 support level. Bitcoin … [Continue reading]
Genesis hearing set for January 23 as Digital Currency Group denies involvement in bankruptcy filing
Genesis filed for bankruptcy on Friday, two months after the crypto lender halted withdrawals due to the FTX collapse. Stellar Foundation emerged as one of Genesis’ largest creditors with a $13 million claim. Genesis and Gemini were recently charged … [Continue reading]
Federal prosecutors seize $700 million worth of assets tied to FTX founder Sam Bankman-Fried
The $700 million assets also include the 55 million Robinhood shares that Sam Bankman-Fried tried to claim ownership of. Bank accounts in Silvergate bank and Moonstone Bank were also seized and custodied. FTX, on the other hand, recently recovered … [Continue reading]
AVAX price could lose a part of its 61% rally unless bulls push the altcoin to this level
AVAX price noted a 7.4% rally in the last 24 hours as the value of the asset rose to $17.20. Avalanche would be able to chart two-month highs if it can achieve another 15% rally over the next couple of days. The looming fear of corrections could … [Continue reading]
United States Baker Hughes US Oil Rig Count down to 613 from previous 623
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Canada Employment Insurance Beneficiaries Change (MoM) declined to -5.4% in November from previous -3.2%
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
EUR/USD keeps the bid bias unchanged near 1.0860
EUR/USD extends the rebound to the 1.0860 region. Germany’s Producer Prices surprised to the upside in December. ECB Lagarde will speak again at the WEF in Davos. The optimism around the European currency remains well in place for another session … [Continue reading]
AUD/USD trades with modest intraday gains above 0.6900, lacks bullish conviction
AUD/USD gains some positive traction on Friday, though lacks follow-through. The USD benefits from rebounding US bond yields and caps gains for the pair. A mildly positive risk tone might act as a tailwind for the risk-sensitive Aussie. The AUD/USD … [Continue reading]
AUD/USD Price Analysis: Bulls are trapped, 0.6950 eyed before further downside potential to test below 0.6800
AUD/USD bears are stalling, for now, and there are eyes on 0.6935 with the 38.2% Fibonacci around 0.6950 Bears eye a break of 0.6905 to open the price imbalance below and a run to 0.6800 and 0.6750 below there. AUD/USD bulled in breakout … [Continue reading]