News

The market cap of Bitcoin (BTC) dropped another 33% in June, which is now beginning to numb the Twitter community. On the upside, many crypto traders who wanted out did so fairly aggressively from March to May. But, the less optimistic news is that the stagnancy in address activity may need to change for prices […]

Oil futures climbed on Friday, with U.S. prices up about 0.8% for the week. “Low investment in oil discovery and the shutdown of refineries during the pandemic-induced recession of 2020 have led to a supply crunch,” said Lukman Otunuga, manager, market analysis, at FXTM. “The geopolitical developments concerning Ukraine-Russia poured fuel to the fire,” he […]

Discussion of the state of the crypto market has been a dominant headline over the past few weeks as non-crypto native media excoriate Bitcoin (BTC) and DeFi investors for investing in assets with no fundamental value. At the same time, crypto-savvy analysts and traders have been pouring over charts, looking for clues that signal when the […]

Crypto exchange FTX signed a deal on Thursday to bail out embattled digital-asset lender BlockFi. The deal also includes an option for FTX to buy BlockFi at a maximum price of $240 million, based on performance triggers, according to Zac Prince, chief executive at BlockFi, in a tweet. FTX US will also provide a $400 […]

The toxic mix of hawkish central banks ready to tighten monetary policy “no matter what” and a series of weak macroeconomic data on the US and European economies has become a catalyst for sell-off in risk assets, rally of bond prices and dollar strength. A growing number of market participants believe that central banks are […]

Type: Bullish BounceKey Levels:Resistance: 1878.75Pivot: 1862.5Support: 1778.25Preferred Case:On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will continue to drop from the pivot at 1862.5 at the swing high in line with the 78.6% fibonacci retracement to the 1st support at 1778.25 at the swing low […]