– On Monday, 14 October, the price of bitcoin rose above $65,000. Then, on 15 October, a local high was recorded at $67,950. The last time the leading cryptocurrency reached such heights was on 27 September. The positive dynamics were influenced by the growth of U.S. stock indices, particularly the S&P 500. Another driving factor…
EUR/USD: Doves Outplay Hawks, Score 76:24 ● Last week, four key events attracted the attention of the markets. The week began on Monday, 7th October, with the release of eurozone retail sales data. According to the statistics, retail sales in August grew by 0.2% month-on-month and by 0.8% year-on-year, which was almost in line with…
– Geoff Kendrick, Head of Crypto Research at Standard Chartered Bank, predicts that if Donald Trump is elected President of the United States, the price of bitcoin could triple by the end of 2025, while Solana could see a fivefold increase. The expert believes that a Trump administration would be more favourable towards the Solana…
This week, the crypto market is brimming with critical events—from a revealing Bitcoin documentary and a pivotal moment in the FTX withdrawal process to a major network upgrade and key macroeconomic data releases. Here’s what should be on your radar this week. #1 Bitcoin (BTC): HBO Documentary Claims To Unmask Satoshi Nakamoto On October 8,…
EUR/USD: Dollar Breaks Through ● For seven weeks, the EUR/USD pair remained in a sideways trend, lacking strong drivers, confined within the 1.1000-1.1200 range, and on Friday, 4th October, it once again approached the lower boundary of this channel. The main factor influencing this movement was the behaviour of the US Dollar Index (DXY). Calculated…
– A survey conducted in the US by Harris Poll, with financial support from Grayscale, revealed that over 56% of voters are more likely to vote for a presidential candidate who supports the crypto industry. According to the survey results, almost 40% of voters now pay attention to a candidate’s stance on digital assets (in…
The brokerage company NordFX has summarised the trading performance of its clients for September 2024. Additionally, the social trading services and the profits earned by the company’s IB partners were evaluated. ● The highest profit in the first month of autumn was earned by a client from Southeast Asia, account No. 1509XXX. Using the…
EUR/USD: Midpoint of the ‘Dull Period’ ● n the next part of the review, we will discuss how one crypto analyst used the term “dull period” in relation to the BTC/USD chart. The EUR/USD chart looks even more uneventful. While from 20 August until today, the pair fluctuated within the 1.1000-1.1200 range, last week it…
– According to Bloomberg, the correlation between the cryptocurrency market and the US stock market has reached near-record levels. This occurred following the Federal Reserve’s decision to lower the key interest rate at its meeting on 17-18 September. The 40-day correlation coefficient between the 100 largest cryptocurrencies and the S&P 500 index stands at approximately…
EUR/USD: Rate Drops, Dollar Falls ● The United States Federal Reserve System (Fed) announced its decision on the benchmark interest rate following the two-day meeting held on September 17-18. The intrigue lay in the rate cut step—whether it would be the standard 25 basis points (bps) or twice as much. On the eve of…