Latest Market News
The $50,000 resistance level seems to be the line in the sand that separates certainty from doubt that Bitcoin has cast off the four-year cycle trend, according to Santiment. 11734 Total views 52 Total shares Some analysts believe the four-year market cycle is changing and that the halving schedule may no longer determine cyclical conditions […]
Meta Platforms’ financial arm, Meta Financial Technologies, has been exploring the creation of a virtual currency for the metaverse, the Financial Times reported, citing people familiar with the matter. So-called “Zuck Bucks” would be in-app tokens controlled by the company, rather than a cryptocurrency on the blockchain, the report said, which is similar to the […]
The cryptocurrency industry is responding to the best-practices advocacy group’s call for a fair, stable and regulated market. 1401 Total views 37 Total shares The Crypto Market Integrity Coalition, an organization founded two months ago by 17 cryptocurrency exchanges, firms and industry associations worldwide, announced 13 new members have joined. The group is centered around […]
The Federal Reserve eventually could resort to selling off mortgage-backed securities on its balance sheet, according to the minutes of the central bank’s last strategy session in March. During the March meeting, Fed officials reviewed the results of the central bank’s previous efforts at shrinking its balance sheet between 2017 and 2019. Amid the COVID-19 […]
Type: Bearish DipKey Levels:Resistance: 1075’6Pivot: 1036’6Support: 982’0Preferred Case:Prices have approached our Pivot at 1036’6 in line with 61.8% Fibonacci Retracement . We see the potential for a dip from our Pivot at 1036’6 towards our 1st support at 982’0 in line with 61.8% Fibonacci Projection . Prices are trading below our Ichimoku cloud resistance, further […]
Type: Bearish DipKey Levels:Resistance: 104.56Pivot: 102.83Support: 98.24Preferred Case:Prices are on bearish momentum and abiding by a descending trendline. We see the potential for a dip from our pivot at 102.83 which is a graphical overlap and in line with 38.2% Fibonacci Retracement towards our 1st support at 98.24 in line with 61.8% Fibonacci Projection .Alternative […]