Markets

As both sides of the political spectrum have waged war on America’s debt ceiling and worked hard to formulate a deal, there’s growing concern that the Treasury is going to issue more than $1 trillion in new bills. Many analysts are worried about this as they say such a move could have atrocious effects on the market. The Treasury May Hurt BTC Alex Lennard – investment director at global asset manager Ruffer – explained in an interview: Our concern is that if...

EOS price started a downside correction below the $0.765 zone against the US Dollar. The price is now trading below $0.745 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.714 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $0.745 and $0.768 resistance levels. EOS price is declining below $0.768 against the US Dollar, unlike...

Litecoin is consolidating losses near the $96 level against the US Dollar. LTC price is now trading below $98 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $97.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $97 and $98 resistance levels. Litecoin price is showing positive signs above $92 against the US Dollar, similar to...

US prosecutors have reportedly targeted Ryan Salame – ex-CEO of FTX’s Bahamian subsidiary – over a possible breach of the law when donating funds to his then-girlfriend’s political campaign in 2022.  Previous sources have informed that Michelle Bond (the woman in question) has received at least $400,000 in consulting fees from FTX Digital Markets – the entity that Salame ran. According to The New York Times, the American personally donated $1.5 million to the GMI super PAC (a...

Litecoin (LTC) search trend has hit a new yearly peak, according to the blockchain analytic platform, IntoTheBlock. The upcoming halving event – which is currently set for August 2nd – is likely to be a key driver for the heightened interest. Halving events have been known to generate tremendous interest in the days leading up to the fact, as they increase the scarcity, which typically boots the value. Hence, the chatter around the crypto asset intensifying is a given. ITB’s...

Dogecoin ($DOGE) remains the most talked-about meme coin in the crypto market – and for good reason. The coin has made fortunes for numerous astute investors, and the tale of one trader, in particular, has caught people’s interest. However, with Dogecoin’s heyday seemingly behind it, meme coin enthusiasts are now seeking out alternative coins with colossal price potential – and Mr. Hankey Coin ($HANKEY) and Thug Life ($THUG) have emerged as viable candidates in this regard....

CoinspeakerMarketAcross Forms Alliance with Chainlink Labs to Empower Blockchain Startups The partnership between MarketAcross and Chainlink Labs highlights a common goal of equipping blockchain companies with the resources and assistance they need to succeed in a competitive market. MarketAcross Forms Alliance with Chainlink Labs to Empower Blockchain Startups

CoinspeakerUS Stocks Rally as Inflation Numbers Come in Below Expectations The Federal Reserve is expected to raise interest rates at its July meeting, according to market estimates.  US Stocks Rally as Inflation Numbers Come in Below Expectations

Egypt is yet another country that currently copes with severe financial difficulties and galloping inflation, which have harmed the local currency. As such, the price of bitcoin against EGP has surged notably lately, exceeding 1,200,000 EGP on Binance, which is a record high. It is worth mentioning that the valuation is not that high on other cryptocurrency exchanges, such as Coinbase. The Outcome of the Monetary Disruption Despite Egypt’s GDP gradually growing in the past...

Coinbase’s shares spiked to almost $90 following the news that exchange operator Cboe Global Markets filed amended applications of three spot BTC exchange-traded funds, adding surveillance-sharing agreements with Coinbase. The US Securities and Exchange Commission has yet to decide on the launch of such a product. It remains unknown whether the lawsuit filed against Coinbase by the watchdog will affect its final ruling. Rising to Almost One-Year High Cboe Global Markets – an...