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EURUSD Free market analysis for week 21 This week’s free market analysis for Forex is on EURUSD. Monthly Timeframe Trend: Bearish Key Resistance: 1.15403 Key Support: 1.10864 Overview:EUR/USD continues to maintain a long-term bearish trend that originated around July 2008. This downward movement has been defined by a consistent pattern of lower highs and lower…
U.S Bitcoin ETFs recently saw money coming in again after a long period of money flowing out. Data from SoSoValue, a company based in Singapore, shows that U.S Bitcoin ETFs had net inflows of $28.72 million on September 9. This comes after weeks of money being pulled out from these funds, which started on August…
Bitcoin price today jumped over 3% in the last 24 hours, reaching $57,896 before settling around $56,600 early on Tuesday, September 10. The bullish Bitcoin price today also helped boost the altcoin market, with the total crypto market value going back up to $2 trillion. Most of the $126 million in liquidations over the past day…
Spot Bitcoin ETFs saw $1.2 billion pulled out over eight days, even though they grew in 2024. The 12 U.S. spot Bitcoin ETFs together lost this amount between August 30 and September 6. This marked the longest period of withdrawals since these spot Bitcoin ETFs were introduced in January. The withdrawals came as Bitcoin prices dropped,…
Changpeng Zhao, who started Binance, is no longer allowed to run the company. This was confirmed by the current CEO, Richard Teng. The ban happened after Changpeng Zhao admitted to helping with money laundering and breaking U.S. laws. Because of this, the U.S. Department of Justice (DOJ) has permanently stopped him from being involved in…
Ethereum, the second-biggest cryptocurrency, has not met investors’ expectations this year, especially when compared to Bitcoin. Over the past six months, Ethereum’s price has dropped around 35%. This downward trend has continued even after spot Ether exchange-traded funds (ETFs) started in the U.S. in July. In the last 30 days, Ethereum’s price has lost 23% and…
Ripple has announced its plan to add smart contracts to the XRP Ledger (XRPL). This is an important update because, even though XRPL is one of the older blockchain networks, it does not currently have smart contract features. Adding smart contracts could help XRPL keep up with other networks like Stellar, which introduced them earlier this…
Elon Musk, the head of Tesla, won a lawsuit where he was accused of unfairly changing the price of Dogecoin (DOGE). The case, which sought $258 billion in damages, was dismissed on August 29 by U.S. District Judge Alvin Hellerstein in New York. The lawsuit, filed in June 2022, was brought forward by a group of…
After going to court, he was placed under judicial supervision, which has drawn a lot of attention. French prosecutors charged Pavel Durov because of his role as Telegram CEO. See Also: Arrest of Telegram CEO Wasn’t Political Says President Macron Release Conditions For Pavel Durov To be released, Pavel Durov had to pay 5 million…
The TON blockchain, backed by Telegram, had a big problem on August 28th when it stopped making new blocks for nearly seven hours. This happened because there was too much activity on the network due to the launch of a new memecoin called DOGS. The last block created before the stop was number 39987437, but…
French President Emmanuel Macron clarified that the arrest of Telegram CEO Pavel Durov was not a political decision but part of a legal investigation. Macron posted online, saying that France values freedom of speech, communication, and business. He stressed that in a country where laws are respected, freedoms are protected to ensure the safety of…
The Shiba Inu team, responsible for the 13th largest cryptocurrency, is getting ready to launch a decentralized group known as a DAO. On August 25, Lucie, who handles marketing for the Shiba Inu team, shared on social media that this new DAO will let people who own the coin vote on new ideas and decisions about…
Bitcoin’s price went up to over $62,000, and Ethereum reached $2,700 after Jerome Powell, the Chair of the US Federal Reserve, mentioned that Fed rate cuts are likely coming soon, possibly in September. Powell’s comments during his speech at the Jackson Hole event on Friday hinted that the Fed is planning Fed rate cuts, which…
A crypto trader who once made $25 million from Shiba Inu is now putting money into a new AI-driven cryptocurrency, CYBRO TOKEN, hoping for a 7000% return. This choice might mean for bullish for CYBRO token, showing that this new coin could grow a lot. Don’t forget to do your own research as this is…
