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 …
Read More »Bitcoin’s resurgence drives other crypto assets up
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 …
Read More »Morgan Stanley profit beats estimates on wealth business strength
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 …
Read More »What can Bitcoin’s latest price action tell about crypto market?
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 …
Read More »Market Drivers – US Session 17/04/2023
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 …
Read More »Why do world’s largest crypto assets continue climbing?
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 …
Read More »Where will Bitcoin go next after $30,000’s leap?
At the time of writing, the price of one bitcoin is $30,174. The most well-known cryptocurrency asset increased on Tuesday, surpassing the crucial psychological threshold of $30,000 as investors anticipated crucial inflation data later in the week that could affect cryptocurrency values.By market capitalization, the biggest cryptocurrency was last up …
Read More »Market Drivers – US Session 11/04/2023
Further to earlier reports, the International Monetary Fund has reportedly stated that “should Japanese long-term rates rise further, Japanese investors’ repatriation of funds could affect sovereign bond yields in Australia, several euro area countries, and in the US.” This is in reference to earlier reports that the IMF on Tuesday …
Read More »Is this week’s 15% pullback for Bitcoin likely?
With the beginning of the new trading week’s Asian trading session, the price of bitcoin is not displaying any strong momentum. If BTC loses its crucial support level at $26,555, the current consolidation will develop into a selling frenzy.The bearish thesis would be refuted if the psychological threshold of $30,000 …
Read More »Why is Bitcoin surging on Thursday?
The price of several cryptocurrencies moved higher on Thursday after the Fed’s March meeting yesterday, as well as due to some token-specific news. The price of Bitcoin, the biggest cryptocurrency in the world, has increased by around 4.8% since late yesterday afternoon, reaching a high of $28,700. Bitcoin is trading …
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