Category Archive: Cryptocurrency, No picture
Layer 2 rollup Taiko launches on mainnet with Vitalik Buterin proposing inaugural block
Taiko, an Ethereum-based rollup, has launched on the mainnet following a year of development and seven testnet iterations.Ethereum co-founder Vitalik Buterin proposed the inaugural block, which included metadata containing the names of all Taiko core contributors.As a based rollup, Taiko relies on Ethereum block validators to sequence transactions, benefiting from the liveness and security assurances […]
PEPE leaps past MATIC in market cap, registers 79% weekly gains
The meme coin Pepecoin (PEPE) inches closer to the $7 billion market cap after leaping 79% in one week. The movement was enough to surpass Polygon (MATIC) and become the 21st largest crypto by market cap, according to data aggregator CoinGecko.Moreover, PEPE registered a new all-time high this Monday by reaching $0.00001717. Excluding stablecoins, PEPE […]
US Stock Indices Are Rising Amid Falling Inflation Expectations. Oil Fixed Ahead Of The OPEC+ Meeting
On Friday, the Dow Jones (US30) Index gained 0.01% (-2.30 % for the week), while the S&P 500 (US500) Index gained 0.70% (-0.01% for the week). The NASDAQ Technology Index (US100) closed positive 1.10% (+1.31 % for the week).The University of Michigan’s US Consumer Sentiment Index for May was revised upward to 69.1 from the previously reported 67.4, stronger than expectations of 67.7. The University of Michigan inflation […]
Crude Oil And Dollar Relationship: The Financial Tug-of-War The Traditional Inverse Relationship Leveraging Mass Psychology Combining Mass Psychology with Technical Analysis Wisdom from Experts A Trip Down Memory Lane Conclusion
IntroductionThe relationship between crude oil and the U.S. dollar is one of the most scrutinized and debated topics in the financial world. Traditionally, it has been observed that when the dollar strengthens, crude oil prices tend to fall, and vice versa. However, this inverse relationship is not always consistent. Factors such as supply and demand, […]
Gold’s Bullish Surge: Navigating Breakout Patterns And Trading Strategies Amid Economic Uncertainty
Gold has recently demonstrated a highly bullish long-term outlook. The breakout at the critical $2,075 level, marked by an inverted head and shoulders formation, has indicated a robust surge in gold prices. This breach is further supported by an ascending broadening wedge pattern, suggesting that gold prices are poised to reach higher targets, potentially up […]
Coffee Robusta Price And Overview
Are you interested in learning more about the coffee Robusta price and market? This article will provide pricing and an overview of the Robusta coffee market for those who want to understand this important sector of the global coffee industry.You will learn about Robusta coffee production, flavor profile, and growing regions. The size and projected […]
Hackers target crypto influencer X accounts, shill meme coins
Over the weekend, a series of hacks compromised several X accounts from crypto influencers and celebrities to promote a number of coins, resulting in short-lived price surges.One of the most prominent targets was GCR, whose account was compromised on May 26. After the initial intrusion, the hacker was able to post promotional content on ORDI […]
Australian Dollar Appreciates As Aussie Inflation Expects To Remain Higher For Longer
Image Source: Unsplash The Australian Dollar gained ground due to risk-on sentiment after softer UoM 5-year Inflation Expectation on Friday. Australian equities rose above 7,770, following gains on Wall Street from Friday. The US Dollar weakened after the UoM 5-year Consumer Inflation Expectations (May) eased to 3.0% compared to the estimated 3.1%. The Australian Dollar (AUD) […]
Elliott Wave Technical Analysis: Bitcoin Crypto Price News For Monday, May 27
Image Source: UnsplashElliott Wave Analysis TradingLounge Daily Chart Bitcoin/ U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse position: Wave V Direction Next higher Degrees: wave (III) Wave Cancel invalid level: Details: Wave V is Equal to 61.8% of Wave I through Wave III at 87253 Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy: BTC […]
Regular Cannabis Users Exceeds Drinkers For First Time Ever
Image source: UnsplashFor the first time, a nationwide study providing current data on tobacco, alcohol, and drug use, mental health, and other health-related issues has found that the number of people smoking cannabis daily has surpassed those drinking beer or vodka daily. This development coincides with the Biden administration’s efforts to reclassify cannabis as a less dangerous substance.The National […]
