Solana Traders Are Growing Doubtful As Price Threatens to Drop Below $200
Solana Struggles Amid Market Downturn Solana is facing significant challenges, continuing its descent with a 15% drop over the past week. This weekend shows no signs of relief, which is concerning. On-chain metrics indicate a reduction in activity among futures market participants, coupled with an increasing positioning of short-term holders. This combination suggests that further […]
Retail investors and quantitative traders boost DEX usage while institutions remain with CEXs.
Bitget Wallet’s View on DEX and CEX Dynamics Jamie Elkaleh, the Chief Marketing Officer of Bitget Wallet, noted that while decentralized exchanges (DEXs) are drawing significant interest from retail traders and Quant, institutions continue leaning toward centralized platforms. Elkaleh shared with Cointelegraph that the primary users driving the adoption of platforms like Hyperliquid are retail […]
Will Bitcoin End the Month Over $105K? Traders Are Growing Skeptical
Simply put Myriad predicts Bitcoin will hit $105,000 before potentially reaching $125,000. As Bitcoin continues to decline weekly, the odds have shifted by more than 20% in just a couple of days. The current asset prices are around 4% above the $105,000 threshold. The recent downturn in Bitcoin prices has sparked many discussions about the […]
GBP/USD remains around 1.3350 as traders exercise caution over UK inflation concerns.
GBP/USD remains steady as the pound shows stability amidst a vague BOE policy outlook. BOE’s Megan Greene cautioned about potential rate cuts, hinting at a pause in November due to rising inflation risks. The US dollar finds support from robust economic data, which could delay Fed interest rate cuts. After experiencing two days of decline, […]
How Bitcoin Traders Are Getting Ready for Inflation Data and What to Expect Next
Simply put Bitcoin is currently priced at $111,336, reflecting a daily drop of 1.8% and a weekly decline of 5.4% as investors await the upcoming PCE inflation data. In the forecasts, 61% of users believe BTC will dip to $105,000 before hitting a new high, with selling pressures expected between $115,000 and $119,000. The likelihood […]
Worldwide search for leading traders: From television meteorologist to dentist, FundSeeder discovers undiscovered talent
From Weatherman to Wall Street Trader Brian Robern kicked off his career as a local TV weatherman in western Kentucky, where he got used to discussing the Storm System on a green screen. Fast forward over two decades, and he finds himself analyzing natural gas price charts, turning his weather forecasts into substantial profits—generating more […]
USD/JPY declines under 148.00 as traders process Fed remarks
The USD/JPY is expected to decrease to around 147.75 in early Asian trading on Tuesday. The Fed’s Miran has advocated for a reduction in key interest rates to prevent job losses. Political instability in Japan could put pressure on the Japanese yen. During the early hours of Asian trading on Tuesday, the USD/JPY pair is […]
DEX intends to shift the balance in favor of retail traders through copy trading.
WowMax: Bridging the Gap in DeFi Trading WowMax combines decentralized exchange aggregation with on-chain copy transactions, enabling users to replicate successful wallet strategies through smart contracts. This platform aims to make decentralized trading more user-friendly, featuring tools like risk filters and community support. In the tough world of crypto trading, reality often bites. Research indicates […]
US Dollar Index rises above 97.50 as traders prepare for comments from the Fed
The US dollar index is expected to maintain a positive standing around 97.80 during Monday’s Asian trading session. The Federal Reserve reduced benchmark interest rates to 25 basis points during its September meeting. Market watchers will pay close attention to speeches from Federal Reserve officials later on Monday. The US Dollar Index (DXY), which measures […]
Japanese Yen stabilizes around 148.00 as traders look for comments from the Fed
USD/JPY was hovering around 148.00 during the early hours of trading on Monday. The US Federal Reserve proceeded with anticipated interest rate cuts, though there was no immediate rush to reduce borrowing costs. The BOJ opted to keep interest rates steady, with two members advocating for an increase. The USD/JPY exchange rate held steady near […]