Share: Solana monthly volume exceeds $6 billion, supporting ongoing SOL price rally. Crypto analyst Altcoin Sherpa predicted a massive surge in SOL price in 2024. SOL price could retrace to sub-$50 level, before another leg up. … [Continue reading]
Ethereum whale activity could pave way for ETH price to hit new yearly highs
Share: Ethereum whales are accumulating the altcoin, sitting on $132.1 billion in ETH. Whales control 52% of Ethereum’s circulating supply, supporting ETH price gain thesis. ETH price eyes new yearly highs after overcoming the key … [Continue reading]
Dogecoin price eyes recovery as whales scoop up DOGE
Share: DOGE transactions exceeding $100,000 climbed significantly in November, when compared to last month. The rising interest in DOGE is likely from institutional investors and whales, priming Dogecoin for a price recovery. DOGE could … [Continue reading]
Bitcoin price might hit $40,000 target if Tether whales support BTC gains
Share: Bitcoin price climbed to $38,380, for the first time since May 2022, inching closer to its $40,000 target. Bitcoin could hit its bullish target if Tether whales fuel demand for BTC. Tether’s 100 largest addresses added $1.67 … [Continue reading]
Ripple plans to be the torchbearer of the potential $300 trillion cross-border payment industry
Share: XRP price observed some increase in the past day but not enough to initiate a recovery rally. Until XRP holders begin accumulating again, the chance of a rally akin to the end of October is unlikely. The Head of Payments Product at Ripple … [Continue reading]
Kyber Network calls recent $54 million hack “one of the most sophisticated in the history of DeFi”
Share: Kyber Network witnessed a massive hack this week that resulted in the loss of more than $54.7 million worth of assets. Ambient Finance founder, in his investigation, stated that the attack was the most complex and carefully engineered smart … [Continue reading]
US Dollar weakened after mixed S&P PMIs, focus shifts to PCE figures from October
Share: The DXY Index declined to 103.45, a 0.30% loss. The index will tally a 0.30% weekly loss as well. S&P PMIs showed a mixed outlook, with the manufacturing sector weakening and the service sector expanding. The US Dollar (USD) is receding … [Continue reading]
Canadian Dollar sees a late topside break on Friday as Canadian Retail Sales beat the Street
Share: The Canadian Dollar found its highest bids in nearly six weeks on data beats. Retail Sales in Canada gave a surprise 0.6% jump in September. The Loonie is firmer across the board on Friday. The Canadian Dollar (CAD) found some bullish … [Continue reading]
Belgium Leading Indicator meets forecasts (-15) in November
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 to stabilise around 1.0900 – ING
Share: Eurozone growth pessimism may have peaked. However, economists at ING do not expect EUR/USD to enjoy further gains for the time being. Rate differentials still point to a weaker EUR/USD Thursday's PMIs suggested the worst in the Eurozone's … [Continue reading]