Ethereum in a Tough Spot as Crypto Woes Persist
ETH/USD stays on the defensive and in risk of fresh year lows, as markets assess the fallout from the recent FTX bankruptcy
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ETH/USD stays on the defensive and in risk of fresh year lows, as markets assess the fallout from the recent FTX bankruptcy
Crypto fears persist after FTX filed for bankruptcy, but BTC/USD covers initial losses, help by supportive comments from Elon Musk
Cryptocurrencies take a hit this week as crypto exchange FTX faced liquidity issues and rival Binance agreed to acquire its non-US operations
BTC/USD dropped after the Fed’s latest jumbo rate hike on Wednesday, but shows resiliency to the hawkish commentary, trying to avoid a losing week
The Tesla CEO and Dogecoin supporter is now the sole Director of Twitter, ending a month-long saga over the roughly $billion acquisition deal
The market will listen to the statement's tone and Fed Chair Powell's press conference. How it is perceived will be market-moving. The real rate looks to be setting up for a trough (green arrow). If so, bitcoin may be charting a peak. I.e. if the tone is hawkish and the real rate moves up, bitcoin is likely to come under pressure.
BTC/USD is having a good week as sentiment shows improvement and the US Dollar slides, but key data from the US loom
Everything you need to know about BurgerCities The 'metaverse' – how much do you know about it? You may have heard the term used, even if you're not sure what it is. Or perhaps you're on top of all the developments in this virtual world. After all, forecasts estimate the market will be worth $800 billion by 2024. It's no surprise, therefore, that some of the latest cryptocurrencies are emerging…
As long as inflation remains a worry and the prospect for higher rates persists, demand for risky assets, including cryptocurrencies, will be facing headwinds.
Bollinger Bands suggest a volatility cycle that oscillates between band squeezes and expansions. For example, the previous four times, the Bollinger Width dropped below 0.1 (green dashed verticals), significant volatility increases followed, with the cryptocurrency declining meaningfully.
Elon Musk is known for his commentary around Doge, having even suggested its use on Twitter, so the Crypto jumped on news that h now intends to complete acquisition of the social networking platform
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