This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin’s (BTC) technical outlook has deteriorated over the past 24 hours, with prices dropping below a key moving average for the first time since April. This breakdown has left BTC at a disadvantage compared to major tokens such as Ether (ETH),…
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin: Powell brings bearish lower high Bitcoin BTC$111,681.96 has retraced to levels last seen before Federal Reserve Chair Jerome Powell’s dovish remarks on Friday, which set expectations for a potential rate cut in September. At the time of writing, BTC is…
Oil prices showed stability on Friday morning after a steady rise the day before. October Brent futures on ICE Futures reached $67.87 per barrel, while the October WTI contract on NYMEX rose to $63.73 per barrel. The market was supported on Thursday by lower expectations of an early settlement of the conflict in Ukraine: the…
XAU/USD. Analysis and Forecast Source link
So far, there’s no outright confrontation between crypto bulls and bears, but analysts point to growing tension. The unease is largely tied to Bitcoin’s shaky performance, which has been sliding throughout the week. Some expect that Jerome Powell’s speech at the Jackson Hole symposium could bring relief for BTC. On Thursday, August 21, Bitcoin traded…
Despite the rapid growth of interest in artificial intelligence, Amazon shares have been lagging behind the Nasdaq 100 index for most of the year, and this trend intensified after the publication of the company’s weak report on July 31. Since the beginning of the year, the technology index has gained almost 13%, while Amazon has…
Key bitcoin indicators are signaling a potential shift to a bearish market regime as traders await Federal Reserve Chairman Jerome Powell’s remarks at the Jackson Hole Symposium. The first one is the 180-day call-put skew derived from options trading on Deribit, the largest crypto options exchange by volume and open interest. As of writing, the…
U.S. Treasury Secretary Scott Bessent believes that the cryptocurrency industry will become one of the key buyers of U.S. government bonds in the coming years. Of particular importance, he said, will be stablecoins — digital assets backed by currencies and highly liquid securities like Treasuries. Bessent has already held talks with leading issuers, including Tether…
Wall Street Stalls Ahead of Key Events US stock markets ended Monday’s session with little movement as investors weighed their next steps while awaiting quarterly earnings from major retailers and the Federal Reserve’s annual symposium in Jackson Hole. Spotlight on Retail Giants This week Walmart, Home Depot, and Target are set to release their financial…
On Friday, the yen briefly strengthened after the publication of preliminary data showing Japan’s GDP growth in the second quarter above expectations. This has increased speculation about a possible rate hike by the Bank of Japan this year. Nevertheless, the currency remains weaker than expected, even despite the reduction in the yield spread of 10-year…