Sunday , June 16 2024
Home / Markets (page 524)

Markets

FAMEEX Exchange Launches Bear Market Events to Rebuild Trader’s Confidence

The buzz in the market is the Pound and the Euros fall to a new all-time low against the US dollar. 10 year gilt yields soared by 131 basis points in September. This bloodbath is being attributed to a number of macroeconomic factors, such as higher than expected CPI data and possibly the fastest Fed rate hike in 40 years which led to $432M in liquidations during the recent week. Even Ethereum slumped to $1295 after the merge. Investors’ faith was tested and then shredded...

Read More »

EOS Price Analysis: More Gains Seem Likely Above $1.25

EOS price started a fresh decline from the $1.40 resistance against the US Dollar. The price is now trading below $1.25 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $1.170 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $1.140 and $1.1020 support levels. EOS price is struggling below $1.40 against the US Dollar, similar to...

Read More »

Litecoin (LTC) Price Analysis: Bulls Face Hurdles Near $55

Litecoin is facing a major resistance near the $55 zone against the US Dollar. LTC price is now trading near $53.50 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $54.25 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a decent upward move if it clears the $54.25 and $55 levels. Litecoin price is struggling below $55 against the US Dollar, similar to bitcoin. LTC price...

Read More »

Crypto Lender Nexo Acquires Stake in US Chartered Bank

Leading cryptocurrency lender Nexo has acquired a stake in Hulett Bancorp (DBA Mode Eleven) and its subsidiary federally chartered bank Summit National Bank, regulated under the US Office of the Comptroller of the Currency.  The deal will allow the crypto lender, which has around $4 billion in assets under management, to further scale its financial product offerings across the US crypto market and strengthen its foothold in the region.  Nexo to Offer Crypto Services to US...

Read More »

Crypto Regulation Remains an Urgent Policy, Despite Bear Market: ECB’s Villeroy

Francois Villeroy de Galhau – a member of the European Central Bank and Governor of Banque de France – thinks the diminishing interest in cryptocurrencies due to the market crash does not mean authorities should abandon plans to regulate the industry. Last year, he argued that imposing rules on the digital asset sector is essential for Europe as otherwise, the euro might lose some of its strength. It’s Time for Regulations In a recent appearance, Francois Villeroy de Galhau...

Read More »

Mike Novogratz Explains Why the Crypto Market Became More Resilient

Mike Novogratz – Founder and Chief Executive Officer of Galaxy Digital – thinks cryptocurrencies have been more resilient in the past month because many forced sellers left the industry. In addition, he spoke about Do Kwon and his problems with numerous law authorities. Novogratz hopes the South Korean could cope with the issues, describing him as a highly intelligent individual. Crypto Lacks the Energy of the Equity Market In an interview for Bloomberg, the American...

Read More »

XRP About to Close its Best Month in 2022 (Ripple Price Analysis)

With only two days remaining for September, XRP records its best month so far. However, the bearish trend reversal has not yet been confirmed. Technical Analysis By Grizzly The Weekly Chart Last week, XRP reached (and was rejected) to a critical level of $0.56 on the weekly chart. This resistance is combined of the ascending line (in yellow) and the red horizontal resistance. As a side note, it’s not uncommon to see a weekly red candle after multiple green candles. Unless...

Read More »

Bitcoin Price Analysis: BTC’s Back at Consolidation Range, Breakout Soon?

Bitcoin’s price has yet to break out of the consolidation phase, as the price has been trapped in an extensive range between $24K and $18K over the past few months. Currently, the market is testing the significant support level at $18K as the asset aims for a rebound to the upside. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price is still consolidating between the significant bearish trendline and the $18K support. The $18K level is currently...

Read More »