Tag Archives: Bitcoin

On Friday, Bitcoin slides down $26,376 getting closer to reaching two-month lows as a result of worries that a “head-and-shoulders” pattern would favour the bears. Despite favourable macroeconomic conditions for risk assets, Bitcoin was unable to take advantage of the gains that may have been made amid declining liquidity.Thus, on …

EUR/USD finished the week flat after the European Central Bank (ECB) meeting, where the ECB raised rates as expected. The pair approached 1.1100 but then pulled back. Although the correction was limited, it continues to trade sideways in the short term around 1.1000. USD/JPY had its worst week since March, …

Following the publication of the US Nonfarm Payrolls data for April, the price of bitcoin corrected in the shape of a sizable bearish engulfing candle on the five-minute price chart. After the jobs news came in hotter than anticipated, the risk asset saw a knee-jerk reaction from market players who …

The US debt ceiling fight could impact most financial assets. For example, Bitcoin could react to this fight in one way or another. Some analysts believe raising the debt ceiling would prompt the Fed to print more money, thus boosting capital inflows into “risky” assets like Bitcoin. Top US Senate …

Despite concerns about the stability of the US banking sector, Bitcoin bulls are unable to gain traction as BTC prices are close to four-day lows. Bitcoin is trading at $27822 at the time of typing. As the US dollar strengthens ahead of the FOMC, the $28K support level for bitcoin …

On Wednesday, Bitcoin was soaring by more than 5% at one point. If the apex crypto can regain the $30,000 level, alt-coins may gather the strength to break through their own resistance marks. At the time of writing, the most famous cryptocurrency is up +5.4% trading at $29,723.During the 24-hour …

As increased income from its wealth management division offset declining revenue from its investment banking and trading units, Morgan Stanley’s first-quarter profit exceeded expectations. However, in premarket trade, shares decreased by more than 2%. While wealth management witnessed an 11% increase in revenue and brought in $110 billion in net …

The price of bitcoin is starting to show signs resembling a market top, which indicates that selling pressure may be increasing. Stablecoin interest appears to be at a low level given that whales have not shown any movement in that direction despite an increase in social mentions. At the time …

On Monday, the US Dollar Index increased for the second day in a row as the chances of the Fed raising rates again at its May meeting increased and the possibilities of a rate cut later in 2023 decreased. Data from the US exceeded forecasts, with the Empire Manufacturing Index …

The recent banking crisis has helped Bitcoin rise in 2023, and some other cryptocurrencies are following suit: At the same moment that Bitcoin has surpassed $30,000, ether has surpassed $2,000 for the first time since May 2022. Bitcoin was earlier on Thursday at $30,533, up 1.5% from where it was …