Forex Today: US Dollar steadies following selloff triggered by Powell
Market Update for August 25th Here’s a brief overview of the current economic scene as of Monday, August 25th: The US Dollar (USD) managed to maintain its position at the start of the week. However, it seems quite challenging for it to gather any traction for recovery after the significant selloff during Friday’s trading session. […]
Bitcoin sell-off deepens following a strong US inflation report that unsettles stocks and cryptocurrency.
Bitcoin’s Recent Drop and Market Insights Key Takeaways: Bitcoin’s price has dipped below $118,000, affected by unexpectedly high US Producer Price Index (PPI) data, raising inflation worries. The likelihood of a Federal Reserve interest rate cut has decreased from 99.8% to 90.5%. Short-term price corrections in Bitcoin signal potential opportunities for altcoins. Bitcoin (BTC) experienced […]
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 […]
XRP Price May Drop Below $3 Following $840 Million Sell-Off
XRP Faces Volatile Trading Period XRP has recently seen a notable decline from its peak, settling into a lateral trend for now. It’s currently hovering just above the $3 support level, which acts as a psychological anchor for many investors. However, an uptick in selling activity could jeopardize this support in the near future. XRP […]
AUD/USD Forex Signal for Today 29/07: Complete Selloff (Chart)
On July 17, 2023, previous signals for AUD/USD were not activated. Today’s AUD/USD Signal Risk is set at 0.50% Trades should be executed before 5 PM on Wednesdays. Short Trade Ideas Consider a short entry after a brief price reversal at the next touch of $0.6541, $0.6554, or $0.6569. Set a stop loss at one […]
Bitcoin Plummeted Under $100,000 Due to US Airstrikes on Iran and Market Sell-Off
Bitcoin Drops Below $100,000 Amidst Geopolitical Tensions Bitcoin (BTC), the leading cryptocurrency, fell below the $100,000 mark on Sunday for the first time in over a month. This drop came after Iran’s airstrikes intensified conflicts in the Middle East. The price of Bitcoin decreased about 4%, landing around $99,300, coinciding with a wider market sell-off. […]
Bitcoin Price Tumbles as War Intensifies Causes Market Sell-Off
Bitcoin Prices Decline Below $103,000 Bitcoin has dipped into a new decline, falling below the $103,000 threshold. Currently, it’s consolidating, and recovering past the $103,500 resistance seems like a challenge. Bitcoin is trading below the $103,000 mark. The price has fallen under $102,500 and is now operating under a 100-hour simple moving average. On the […]
$312M ETH Transfer Sparks Concerns of Sell-Off as Ethereum Price Drops Below Support
Large Ethereum Transfer Sparks Speculation Whale Alert, a service that tracks blockchain activity, recently announced a significant transfer of 129,392 ETH from an unidentified wallet to Coinbase, coinciding with a drop in Ethereum prices. Etherscan data shows this wallet hasn’t participated in large ETH transfers since November 2022. The abrupt activity raises speculation about a […]
Bitcoin Price Falls 4% Following Israeli Attacks on Iran, Triggering Worldwide Selloff
Recent Market Reactions to Geopolitical Tensions Key Points: Bitcoin dropped over 4% following Israeli airstrikes in Iran, prompting significant sell-offs. The U.S. initiated evacuations from Iraq amid rising concerns over regional conflict. Crypto markets reacted negatively, with Ethereum and XRP also experiencing losses. Late Thursday, Bitcoin faced a notable decline, falling more than 4% to […]
Bitwise CIO Shares Main Factor for XRP’s Success, 30,490,000,000,000 SHIB Activated During $687 Million Market Sell-Off: Crypto News Summary
Here’s a recap of the latest happenings in the crypto world from this past weekend, featuring the top three stories. Key Insights on XRP’s Success from Bitwise CIO Matt Hougan, the CIO of Bitwise, recently shared his thoughts on the X platform regarding the XRP Las Vegas event that took place last weekend. He emphasized […]