The DXY, also known as the dollar index, has fallen through its support line this week. In just a few days, it lost about 4% against the Euro. That’s a massive move. This is mainly because investors expect the trade war between China and the United States to affect the latter’s trade most of all. […]
Crypto markets saw a further pullback on Sunday. Analysts claim that investors are convinced that a big Bitcoin rally is still coming in November (as the daily chart showed a golden cross last week), but that the uncertainty about the US presidential elections is making them choose to sit on the sidelines for a bit. […]
Bitcoin has had a fairly quiet weekend pricewise just as crypto appears to become increasingly important for the American presidential elections. Both candidates talked about digital currencies this weekend. Democratic candidate Kamala Harris said this weekend that she hopes for a “reset” in the relationship between her party and fans of digital currencies worldwide. Harris […]
Bitcoin briefly climbed above $63,000 yesterday and with that move, it seemed to escape a fall below the $60,000 level. The trading weeks ahead are full of geopolitical events (to which we need to pay attention) and we also need to compare what the largest digital currency does historically in the month of July. Comeback […]
After the Canadian Central Bank, Christine Lagarde’s ECB also decided this week to lower interest rates (from 4.50% to 4.25%). Even though Ms. Lagarde remained very vague about any future rate cuts, this was good news for Bitcoin. After all, these first two central banks put pressure on Jerome Powell at the Federal Reserve to […]
Beijing treats crypto scammers very harshly as a student found out this week. Especially now that more and more Chinese investors are trying to protect the value of their investments against devaluation, prison sentences are handed out to any apprehended scammer. A Chinese student was given a prison sentence of 4.5 years this week for […]
Nowadays, some memecoins are more popular among investors than mainstream cryptocurrencies like Bitcoin or Ethereum. Dogecoin and Shiba Inu often appear in the top 10 and can surge 20% a day. This article explains exactly what memecoins are, whether it’s smart to invest in them, where to invest in memecoins and some memecoin examples. What […]
Although Gary Gensler, head of the American stock market watchdog SEC, and Elizabeth Warren, the Democratic senator from Massachusetts, both are trying their best to stop cryptomania from spreading in the US, Wall Street is not having any of it. Knowing that the SEC will ultimately have no choice and will have to allow a […]
Amidst all the economic doom and gloom over high interest rates, high inflation and panic on the crypto and stock exchanges, there is also a new mystery to be noted. Virtually unheard of, a single crypto wallet climbed to become the third largest holder of Bitcoins in just a few months, with assets currently valued […]
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