Share: Seasonal bias adds to short-term upside risks for EUR/USD, economists at MUFG Bank report. EUR/USD on average gains 1.8% in the final five weeks of the year Covering the entire period of EUR trading since 1999, EUR/USD on average gains 1.8% … [Continue reading]
Avalanche price faces selling pressure from $213 million AVAX unlock
Share: Avalanche is set to unlock 9.54 million AVAX tokens on Friday. The AVAX unlock will increase the circulating supply by nearly 3%. Avalanche price is down 2% on the day, as market participants brace for the token unlock event. … [Continue reading]
GBP/USD: Further gains likely above 1.2505 – UOB
Share: In the view of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, extra upside is likely in GBP/USD while above the 1.2505 level. Key Quotes 24-hour view: We noted last Friday that “the price movements still appear … [Continue reading]
Australian Dollar receives upward support after China policy decision
Share: Australian Dollar gains ground after China’s interest rate decision. Australia’s Dollar faced pressure on recovery in the Greenback. PBoC remained LPR consistent at 3.45% as expected. US Dollar plunged despite upbeat US housing data released … [Continue reading]
Breaking: Kronos Research loses $25 million in a hack
Share: According to on-chain data provider Look Onchain, Koronos Research, a crypto research, market making and investment firm, lost roughly $25.65 million worth of cryptocurrencies. According to official response from the company, the exploit … [Continue reading]
Dogecoin price faces selling pressure, but DOGE bulls hope for a breakout rally
Share: Dogecoin price faces selling pressure as it approaches the $0.0814 critical hurdle. A decisive weekly candlestick close above this barrier could make or break DOGE bulls. A successful flip could open the path for the meme … [Continue reading]
Three altcoins that are likely to crash next week and here is why
Share: With Bitcoin moving sideways, altcoins have exploded in the past few days. Injective, Avalanche, Optimism, Chainlink and many altcoins have returned double and triple-digit gains and could trigger a corrective wave soon. Double-digit … [Continue reading]
Justin Sun offers $10 million bounty to return the $110 million stolen funds from Poloniex
Share: Poloniex investor Justin Sun published an on-chain message that was seemingly addressed to the hacker. Sun mentioned that he knows the exploiter’s identity and that the authorities from China, the US and Russia have been informed. Sun … [Continue reading]
Optimism Price Forecast: OP to correct 15% as sell signs multiply
Share: Optimism price struggles below the $1.86 and $1.80 resistance levels. If OP produces a lower high below $1.86, it could signal the start of a downtrend. Such a development could trigger a 15% pullback. Invalidation of the bearish … [Continue reading]
Yearn Finance crashes 40% in five hours, as altcoins lose footing
Share: Yearn Finance price faces an immense sell-off, knocking the YFI token down by 40%. Profit-taking in altcoins is likely going to trigger double-digit losses for many altcoins. Bitcoin price continues to move sideways around the $36,000 region … [Continue reading]