Latest Market News
In a note released on Wednesday, after data showed first-quarter U.S. gross domestic product contracted by more than previously estimated, JPMorgan Chase & Co.’s Bruce Kasman and Joseph Lipton said “it is reasonable to consider the risk that the US and/or global economy slips into recession this year.” They said “rising concern about persistent inflation […]
Type: Bullish RiseKey Levels:Resistance: 4200.25Pivot: 3824.00Support: 3641.75Preferred Case:On the H4, with price moving in an ascending trend channel and bouncing off the ichimoku cloud , we have a bullish bias that price will continue to rise from the pivot at 3824.00 at the overlap support in line with the 61.8% fibonacci projection to the 1st […]
Type: Bearish MomentumKey Levels:Resistance: 1878.9Pivot: 1849.8Support: 1784.9Preferred Case:On the H4, with price moving in a descending trend channel and below the ichimoku cloud, we have a bearish bias that price will drop from the pivot at 1849.8 in line with the 78.6% fibonacci retracement, to the 1st support at 1784.9 at the sing low in […]
Grayscale CEO Michael Sonnenshein on Wednesday said they were “deeply disappointed” and “vehemently disagree” with the SEC’s decision to deny their application. 1509 Total views 24 Total shares Grayscale Investments has launched a legal challenge against the Securities and Exchange Commission (SEC) after being denied its application to convert its Grayscale Bitcoin Trust (GBTC) into […]
U.S. stocks ended near unchanged Wednesday, with the Dow Jones Industrial Average hanging on to a small gain, as investors weighed remarks by Federal Reserve Chair Jerome Powell. The Fed chief, speaking at a central banking conference in Portugal, said that he sees a path back to 2% inflation while sustaining a strong labor market […]
“We are putting an end to the wild west of unregulated crypto, closing major loopholes in the European anti-money laundering rules,” said European Parliament member Ernest Urtasun. 1392 Total views 39 Total shares The European Council has reached an agreement to form an anti-money laundering body that will have the authority to supervise certain crypto […]