Dogecoin Rallies as Elon Musk Takes Over Twitter
The Tesla CEO and Dogecoin supporter is now the sole Director of Twitter, ending a month-long saga over the roughly $billion acquisition deal
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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
Interestingly, the recent drop in the greenback (blue vertical) has benefitted the NAS100 more than the cryptocurrency. Given BTCUSD's recent resiliency, we would have expected it to have had a more robust response to the dollar's movement. Instead, the NAS100 has risen by 5.6% compared with Bitcoin's 4.6%, showing its relative strength.
BTC/USD extends yesterday’s gains as sentiment shows improvement and the greenback retreats, after its recent Fed-fuel rally
Numeraire (NMR) Coin: What is it? Should you trade it? One of the features that attracts traders to cryptocurrency is its decentralised nature. It means that, instead of going through an exchange, trades are made directly between buyer and seller. Keen to take advantage of this investor interest, new crypto coins and tokens have emerged on the global market. And perhaps one of the most intriguing is the Numeraire (NMR)…
An insurance policy is a contract that protects a person, family, or business from specific hazards. It is a legally binding agreement between a policy holder and provider that financially secures the holder against specific perils. Homes, cars, crops and personal health are a few items that people commonly wish to protect against the unknown. In order to accomplish this goal, an individual will take out an insurance policy to…
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