Cryptocurrencies moved in line with global markets and retreated after Jerome Powell warned against premature policy easing, with Bitcoin dipping below the lows of the narrow range it has been trading in for the past two weeks. Bitcoin lost as much as 3.4% to $19,947.32 on Saturday at 14:40 Singapore time, falling below $20,000 for […]
Tag: Cryptocurrencies
Afghanistan: The Taliban Banned Cryptocurrencies
Afghanistan’s central bank imposed a nationwide ban on cryptocurrencies this month, and the Taliban regime has arrested several traders who defied orders to stop trading digital tokens, according to a senior police official, Bloomberg reported. The crackdown comes after some Afghans turned to cryptocurrencies to preserve their wealth and keep it out of the reach […]
Despite Bitcoin’s 68% Losses, Analyst Predicts ‘Warm Winter’
Bitcoin may have more than halved from record levels, but “there’s a lot more to it,” said Edith Jung, general partner at Race Capital, declaring a “crypto winter” and heralding a “warm winter.” “In a way, the ‘warm winter’ will essentially push away everyone who really [θÎλουν] to be there for short-term gain,” the bullish […]
Forex Today – Asian Session: Financial Markets About to Wake Up
What to watch for on Friday, August 26: The dollar ended Thursday mixed across the currency board, although there was no significant change among the major pairs. Investors were slightly optimistic as macroeconomic figures were upbeat but cautious before central bank governors speak on the sidelines of the Jackson Hole Economic Symposium. Germany reported that […]
Forex Today – Asian Session: Caution Prevails Ahead of Jackson Hole
What to watch for on Thursday, August 25: The dollar wavered between gains and losses, ending the day mixed, but little changed on the currency board. The US currency advanced earlier in the day but gave up some ground after the Wall Street open as US stocks managed to post modest gains. In the United […]
FTX: Leaked financials ‘show’ a big deal in the cryptocurrency market
By Jeff Kauflin While the cryptocurrency market continues to falter, billionaire Sam Bankman-Fried’s FTX cryptocurrency exchange is “looking” again. A leaked investor presentation focused on the company’s impressive growth, disclosing that the exchange has about $2 billion in cash. But why has FTX been meeting with investors trying to raise capital when the business is […]
Forex Today – Asian Session: The dollar runs and the euro sinks
What to watch for on Tuesday, August 23: Risk aversion gripped financial markets at the start of the week, amid recession fears reaching European shores. Gas prices soared across the region to new all-time highs as Russia announced unscheduled maintenance on the Nord Stream 1 pipeline, announcing that it will shut it down for three […]
Forex Today: The dollar remains firm after last week’s rise
This is what you need to know to trade today monday august 22: The dollar retains its strength on Monday after posting impressive gains against its rivals last week. The Dollar Index rose 2.3% and posted its biggest gain in a week last week. Today it trades slightly higher around 108.20. The Federal Reserve Bank […]
Bitcoin Sudden Sell-off – At 3+ Week Low, Below $22,000
Bitcoin fell to its lowest levels in more than three weeks, below $22,000, amid a sudden sell-off in cryptocurrencies that began in the European market. Bitcoin was “sinking” from $22,738 to below $21,352 after 9pm on Friday (Greece time), according to data from CoinDesk. Earlier in the morning, the most well-known cryptocurrency was trading between […]
It has surpassed Ethereum’s rally since June by 100%, triple that of Bitcoin
Since the June bottom, ethereum has massively outperformed bitcoin as investors anticipate a major upgrade to its blockchain protocol. Specifically, on June 19, bitcoin hit a local low of $17,601 and has since rallied by about 31%, according to CoinDesk data. On the same day ether also hit a low of $880.93, but its value […]