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While the greenback has been rising higher, the Japanese yen tapped a 24-year low and Japan decided to intervene in foreign exchange markets (forex) for the first time since 1998. Reports say the Bank of Japan conducted the first forex intervention in 24 years, after the Japanese central bank kept its benchmark bank rate suppressed … Read more
In addition to a 0.75% basis point hike, the Federal Reserve also set its 2022 target interest rate at 4.4%, leading Bitcoin analysts to forecast further downside for BTC. Go to Source Powered by WPeMatico
Digital currency markets, precious metals, and stocks dropped another leg down on Monday following the drop markets saw last Tuesday. Last week’s fall was one of the worst weeks in more than three months as market strategists believe a sizable Fed rate hike is coming this week. Bank of America’s analysts led by Savita Subramanian … Read more
Analysts and traders strongly adhere to the “Bitcoin is inversely correlated to the strength of the U.S. dollar index” thesis, but a closer look at the data suggests otherwise. Go to Source Powered by WPeMatico
Bitcoin bulls are now attacking the “final” major resistance cluster below $25,000, on-chain data shows. Go to Source Powered by WPeMatico
Little faith remains in continued upside for BTC price action after a week of solid gains brings back the 100-day moving average. Go to Source Powered by WPeMatico
A bullish weekly close sees Bitcoin tackle realized price while analysts speculate on major volatility in the coming days. Go to Source Powered by WPeMatico
Optimism increases over a macro Bitcoin bottom as daily gains top 9% for BTC/USD on the Wall Street open. Go to Source Powered by WPeMatico
A comedown for U.S. dollar strength provides the fuel for a short squeeze in Bitcoin liquidating over $60 million of shorts. Go to Source Powered by WPeMatico
Old all-time highs from 2017 come back to haunt Bitcoin as BTC price action fails to see relief this “Septembear.” Go to Source Powered by WPeMatico
