Interviewed by Dubai TV, Chief Market Strategist at Noor Capital, Mohammed Hashad shed light on the most important developments and market movements, especially the American stock market, which is achieving remarkable gains. US Stock Market Regarding the reasons behind the recovery of the American market, Hashad pointed out that the …
Read More »Bitcoin Slides Amid Caution Over U.S. Inflation Data, Nursing August Losses
Bitcoin prices fell slightly on Thursday as markets remained cautious ahead of a key U.S. inflation reading that could influence the outlook for interest rate cuts. The cryptocurrency is set to end August with significant losses, driven by a broader risk-off sentiment that has affected financial markets. Bitcoin Struggles in …
Read More »What Was Exactly Behind Bitcoin’s Recent Sudden Fluctuations?
Bitcoin has exhibited substantial price volatility in recent times, trading within a narrow band between $60,000 and $65,000 per unit. This market instability has had a cascading effect on other, less valuable cryptocurrencies. For example, BNB has fluctuated between $460 and $635, with a discernible support level at $460 to …
Read More »BTC Rebounds as Bulls Aim for $62,000 Ahead of Hoped PCE’s Relief
Bitcoin price surged by 3% as US economic data aligned with expectations, boosting investor confidence. Amid a market environment characterized by thin liquidity and a potential for predatory behavior, Bitcoin bulls are targeting a price level of $62,000. The recent surge of 3% in BTC price, fueled by US macro …
Read More »Bitcoin Steadies Amid Market Jitters as Traders Eye Key Economic Data
Bitcoin’s price stabilized on Thursday after experiencing sharp declines earlier in the week. The world’s largest cryptocurrency remained in a narrow trading range as investors awaited critical economic data that could influence the Federal Reserve’s next interest rate decision. Bitcoin Holds Steady After Recent Declines After falling sharply on Tuesday …
Read More »BTC declines, ETH dashes hopes for a long-term upswing
Ethereum’s recent price plunge has shattered hopes of a sustained uptrend. The cryptocurrency has fallen below its rising trendline, indicating a reversal of bullish momentum. Ethereum’s current price of approximately $2,400 is dangerously low for the second-largest cryptocurrency by market capitalization. This breakdown has pushed the asset below the critical …
Read More »Bitcoin Drops as Geopolitical Tensions and Market Uncertainty Weigh on Sentiment
Bitcoin’s price slipped on Tuesday, losing momentum after a weekend rally as escalating geopolitical tensions and anticipation of key economic cues dampened risk appetite. The world’s largest cryptocurrency fell 1.4% to $3,106.6 by 01:10 ET (05:10 GMT), following a broader decline in global stock markets. Geopolitical Concerns and Market Reactions …
Read More »Bitcoin Dips as Weekend Rally Fizzles, But Rate Cut Optimism Supports Market
Bitcoin’s price experienced a slight decline on Monday, as a weekend rally lost momentum. Despite this pullback, optimism over potential interest rate cuts has kept the cryptocurrency near a one-month high. Bitcoin’s Performance:The price of Bitcoin fell 0.3% to $63,952.7 by 01:59 ET (05:59 GMT).The cryptocurrency had surged over the …
Read More »Noor Capital | Interview with Mohammed Hashad on Dubai TV – August 26, 2024
Dubai TV interviewed Mohammed Hashad, Head of Research and Development at Noor Capital and a member of the American Society of Technical Analysts. Hashad discussed recent market developments, asset performance, and investment tools, including oil, gold, and cryptocurrencies. He also shared his expectations regarding monetary policy, particularly the Federal Reserve …
Read More »Bitcoin Price Rises Amid Rate Cut Bets, but Mt Gox Concerns and Recession Fears Loom
Bitcoin prices edged higher on Thursday, benefiting from a broader rally in risk-driven markets as traders increasingly bet on a September interest rate cut by the Federal Reserve. However, gains were limited by concerns over potential new token distributions from the defunct crypto exchange Mt Gox, which kept the cryptocurrency …
Read More »