Bitcoin’s price drops below $ 40,000, losing roughly 40% from its all-time high at $ 64,895. This nosedive has pushed BTC below the 200-day SMA at $ 39,818, being a bearish sign from a technical perspective. Ethereum’s price followed the flagship cryptocurrency, dropping below $ 3,000 after a 35% drop from its all-time high of […]
Tag: Cryptocurrencies
Forex Today – Asian Session: Dollar Weakness Continues As Investors Turn Attention To FOMC Minutes
What you need to know on Wednesday, May 19: The weakness of the dollar in general persisted. The dollar fell against all of its major rivals, with EUR / USD and GBP / USD closing in on this year’s highs, the former hovering above 1.22 and the latter just below 1.4200. The dollar fell after […]
Forex Today – Asian Session: The Dollar Shows No Sign Of Changing Course
What you need to know on Tuesday, May 18: The week started with an extension of risk appetite triggered by US retail sales on Friday, but the good mood faded as the day wore on. Most of the European and US indices closed in bearish numbers, as inflationary concerns linger in the background. Government bond […]
Bitcoin Extends Fall After Elon Musk Indicated Tesla May Have Sold Its BTC Holdings
Elon Musk continues to move the cryptocurrency markets after a recent tweet has revealed that Tesla has sold or could potentially sell its Bitcoin holdings. The billionaire businessman has received much criticism following his decision to suspend BTC as a form of payment for Tesla vehicles. The price of Bitcoin fell $ 4,000 in a […]
Binance, the world’s largest cryptocurrency exchange, is under investigation by the IRS and the DoJ
Binance is currently facing money laundering and tax evasion investigations by the US Department of Justice and the Internal Revenue Service. The cryptocurrency exchange was also reportedly investigated by the Commodity Futures Trading Commission in March. The company stated that the exchange is collaborating with law enforcement. The world’s largest cryptocurrency exchange by trading volume, […]
Forex Today – Asian Session: Dollar Slashes Gains But Holds Profits
What you need to know on Friday, May 14: The US currency maintained its strength, reaching new weekly highs against most major rivals. However, demand for the dollar lost momentum after the release of encouraging data related to the US Unemployment claims fell to 439,000 in the first week of May, its lowest reading since […]
Forex Today – Asian Session: The dollar runs on speculation of an interest rate hike
What you need to know on Thursday, May 13: The greenback rallied to new weekly highs against most major rivals, after the US reporter posted higher-than-expected April inflation. Stocks fell steadily, while U.S. Treasury yields rose to their highest level in a month, as CPI figures suggest the Fed is wrong about its take on […]
Forex Today – Asian Session: US inflation takes center stage
What you need to know on Wednesday, May 12: Tensions escalated as attention shifted to US inflation data Rising commodity prices sent the Chinese producer price index sharply higher in April, raising concerns about rising commodity prices. inflationary pressures in the US The US Federal Reserve has maintained a very flexible monetary policy and clarified […]
Dogecoin rises 20% after Elon Musk hinted that Tesla could accept DOGE as a means of payment
Dogecoin (DOGE / USD) is up about 20% up to $ 0.54 in a fast move, after Elon Musk, founder of Tesla and SpaceX, tweeted a survey asking if his company should accept this cryptocurrency as a means of payment. DOGE appears to have completed its consolidation. DOGE was trading around $ 0.444 earlier in […]
Forex Today – Asian Session: Dollar Corrects, But Still Weakest
What you need to know on Tuesday, May 11: The dollar began the week by extending its slide amid the poor US employment report released on Friday, but managed to regain some ground during US business hours. A slim macroeconomic calendar kept major companies within Limited intraday ranges as investors expect US employment figures to […]
