Category Archive: Cryptocurrency, No picture
“Bitcoin signals a potentially advantageous buying opportunity,” highlights Bitfinex report
The open interest (OI) funding rate for Bitcoin (BTC) futures and the MVRV ratio are showing “advantageous buying opportunity,” according to the latest “Bitfinex Alpha” report.The OI turned positive on April 24, suggesting a growing interest in long positions and a shift from bearish to bullish market sentiment. Meanwhile, the MVRV, which measures Bitcoin’s market […]
Tesla Moves A Step Closer To Launching Full Self-Driving In China
Tesla Inc (NASDAQ: TSLA) is up 10% this morning after hitting a significant milestone in making its full self-driving technology available to customers in China. Here’s what it means for Tesla stockThe electric vehicles behemoth had local authorities of the world’s largest auto market remove restrictions after clearing its data security requirements on Monday. Tesla will likely be […]
The G-20 Proposes A 2% Wealth Tax On Assets, Will Biden Approve?
Biden and Yellen support a global minimum tax on corporations. And a new wealth tax scheme is now in the works.Watch Out for a Global Wealth TaxThe Wall Street Journal says Watch Out for a Global Wealth Tax In our new socialist age, the demand to tax and redistribute income is insatiable. The latest brainstorm arrives […]
German Inflation Highlights The Difficulty Of The ECB’s Last Lap
German headline inflation remained stable in April despite the expected downward pressure from the timing of Easter, suggesting that inflation is indeed stickyAccording to the just-released flash estimate, the disinflationary trend in Germany has come to an end as energy and food prices offset the dampening effects of transportation and communication on inflation in April. […]
Bernstein maintains $150K Bitcoin prediction despite ‘short-term pause’ caused by ETF flows
Research and brokerage firm Bernstein recently released a note specifying and maintaining its bullish outlook for Bitcoin despite the recent slowdown in spot Bitcoin exchange-traded fund (ETF) flows.In a note to clients on Monday, Gautam Chhugani and Mahika Sapra described the trend as a “short-term pause” and maintained their $150,000 price target for Bitcoin by […]
Gold Steadies As Silver Potentially Gears Up For Breakout Above $30
Last week saw both gold and silver close lower as investors finally responded to the recent strength of the US dollar and reduced Fed rate cut bets amid hot inflation data. This week, we will have plenty of US macro highlights to look forward to, which could impact at least the short-term trajectory of precious […]
Circle’s USDC pulls ahead of Tether’s USDT in transaction volume — Visa
Circle Internet Financial’s stablecoin, USDC, has surpassed Tether’s USDT as the market leader in transaction volume this year, according to data compiled by Visa Inc. in partnership with Allium Labs.The adjusted stablecoin metric, which aims to reflect the state of the stablecoin market while minimizing potential distortions from inorganic activity and artificial inflationary practices, shows […]
S&P 500 Jumps On AI-Powered Earnings, Alphabet Dividend And September Rate Cut
It was a good week for the S&P 500 (SPX) jumped almost 2.7% over the previous week. The index closed the fourth week of April 2024 at 5,099.96.There were three main drivers behind the positive change from the preceding week: The world’s biggest publicly-traded company Microsoft (MSFT) experienced what one analyst called a “drop the mic moment”, […]
Analytical Overview Of The Main Currency Pairs – Monday, April 29
The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0728 Prev Close: 1.0629 % chg. over the last day: -0.33% The US dollar strengthened on Friday as stronger-than-expected US economic reports on March personal spending and PCE deflator for March proved to be hawkish for Fed policy and may further delay Fed rate cuts. The US […]
Russia prepares for total crypto ban as geopolitical tensions rise
Russia will enforce a strict ban on the general circulation of crypto assets such as Bitcoin, allowing only digital financial assets issued within its jurisdiction. This initiative, led by Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market, is part of a broader governmental effort to control the crypto ecosystem amid rising […]
