Ethereum’s Rise Not Driven by Bitcoin Sell-Off, On-Chain Data Indicates
Ethereum’s Surge in July Reflects Fresh Capital Inflows In July, Ethereum (ETH) experienced a remarkable upswing, skyrocketing over 60% from approximately $2,400 at the beginning of the month to a peak of $3,941. This surge stands out, especially as it appears to be fueled by new capital entering the market. ETH Rally Fueled by New […]
EUR/USD declines to 1.1550 as the Dollar gains strength despite poor US data
EUR/USD has dipped 0.33%, marking its biggest daily decline since December 2024 on Monday. US job openings fell short of expectations at 200k, and while consumer confidence has improved, concerns about the job market linger. Traders are on edge, awaiting insights from the Fed, EU inflation, as well as employment and growth data to inform […]
The UK’s own mishap with the Afghanistan data leak
When news stories dominate UK headlines for days on end, it can be tricky to determine whether they’re drawing attention locally or reaching beyond borders. Take the “Afghanistan data leak scandal,” for instance. It’s generated quite a stir in the UK, but seemingly, it hasn’t caught much attention in the US—and perhaps that’s for the […]
Forex Today: US Dollar gains slow down as attention turns to US data and trade discussions
Here’s what you should know for Tuesday, July 29th: US Dollar (USD) is holding steady against other currencies after a strong performance on Monday. The July Consumer Trust Report is on the agenda in the US Economic Calendar, along with Joltz’s job openings and June’s product trade balancing data. Moreover, market watchers are likely to […]
Forex Update: US data and trade news take the spotlight
The US Dollar (USD) has been showing a strong rebound at the start of the week as investors analyze recent trade discussions involving the US, Japan, and the European Union. Attention is also shifting towards the upcoming FOMC meetings and the release of non-farm payroll data. Here’s what to expect on Tuesday, July 29th: The […]
AI data centers increasing electricity costs by 20% in 13 states
If your electricity bills seem unusually high lately, you’re not alone. A significant factor behind these spikes is the increased power demand driven by artificial intelligence. PJM Interconnect, the largest power grid operator in the U.S., reports a notable rise in electricity usage this summer, with some areas anticipating bills that could climb by as […]
Tech companies creating large AI data centers ought to cover their energy costs.
As we look toward the future, the rapid expansion of artificial intelligence and the surge in power demand for expansive data centers is presenting significant hurdles for utility systems across the U.S. Despite forecasting a substantial increase in electricity needs over the next ten years, there’s a worrisome underappreciation of the true scale of these […]
Bitcoin derivatives data raises doubts about the strength of BTC’s $115K support level.
Key Insights on Bitcoin Market Trends Important takeaways: Current Bitcoin options and futures data indicates that traders maintain a neutral outlook despite a 7% decline from its peak. In China, the demand for stablecoins remains consistent, reflecting some apprehension in the cryptocurrency market. Bitcoin (BTC) experienced a 4% drop from Thursday to Friday, falling under […]
EUR/USD remains steady following positive US data and a strict ECB
Market Update: Euro Trends Amid US Dollar Strength The euro is expected to experience slight fluctuations on Friday, as the US dollar approaches higher levels. Positive US macroeconomic data diminished the effects of a recent hawkish statement from the European Central Bank (ECB). There’s optimism surrounding a potential US-EU trade agreement. On Friday, the EUR/USD […]
Forex Today: US Dollar resists negative pressure before upcoming data
Here’s what you should know for Friday, July 25th: US Dollar (USD) The Index gained over 0.3% on Thursday, breaking a four-day gain streak. This Friday, market activity is likely to pause as investors await the next driving factor. On the US economic calendar, durable goods orders for June will be released later. This week’s […]