Introduction: Ethereum, the second-largest cryptocurrency based on market cap, has been experiencing a downtrend since November 2021. However, the first day of the week showed signs that buyers were attempting to dominate the market. In this article, we will provide a detailed analysis of Ethereum’s price movements and its current.
Introduction Bitcoin, the first and largest cryptocurrency based on market cap, has been in a downtrend since November 2021. However, on the first day of this week, it seems that buyers are trying to dominate the price. In this article, we will analyze the Bitcoin price trends on 20 March.
Introduction The cryptocurrency market has been showing signs of recovery this week, with Bitcoin leading the way. This rally has been fueled by the Fed’s indirect monetary policy expansion, which has boosted demand for risky assets and benefited Bitcoin. In this article, we will explore how Bitcoin has emerged as.
Introduction Bitcoin has been gaining popularity among investors as a safe-haven asset in recent weeks, as its correlation with gold strengthens and its relationship with stocks weakens. The ongoing banking turmoil, triggered by the collapse of SVB, has led to a significant decline in the stock market, but Bitcoin seems.
Introduction Bitcoin (BTC/USD) has been hovering around the $25,000 figure in the Asian session, with recent buying and selling pressures affecting its price movements. In this article, we will provide a technical analysis of Bitcoin’s recent trends and price movements, including retracement levels, buying and selling pressures, and potential upside.
Bitcoin Cash Analysis Shows Bullish Trend Bitcoin Cash (BCH) has started to increase in value, surpassing the $115 and $120 levels against the US dollar. The current price is trading above the $120 zone and the 55 simple moving average (4-hours). Recent analysis indicates that there is a key bullish.
Ethereum (ETH) saw a decline of 2.82% on Wednesday, closing the day at $1,657. The decline was attributed to contagion risk resurfacing, with the focus turning towards Credit Suisse. The Swiss bank has been in the news recently due to the collapse of Archegos Capital Management, which led to a.
EOS price started a fresh decline from the $1.15 resistance zone against the US Dollar. The price is now trading below $1.15 and the 55 simple moving average (4-hours). There was a break below a key rising channel with support near $1.10 on the 4-hours chart of the EOS/USD pair.
The AUD/USD pair gained some positive momentum on Thursday as upbeat Australian jobs data boosted the domestic currency. The latest figures from the Australian Bureau of Statistics (ABS) showed that the country’s unemployment rate dropped to 4.6% in February, beating analysts’ expectations of 5.0%. The data also revealed that the.
The Japanese Yen has historically been considered a safe haven currency during times of financial crisis, thanks to Japan’s large current account and net foreign asset position. In times of economic uncertainty, investors often turn to the Yen as a safe haven, causing it to outperform other currencies. This trend.
The GBP/USD currency pair is tracking a slightly softer course on the charts, according to analysts at Scotiabank. Net losses yesterday and firm resistance around the 1.22 zone have left the pair struggling to gain momentum today. While intraday gains have been seen, they have been capped around the 1.21.
The EUR/USD currency pair is showing signs of life as traders await the European Central Bank’s (ECB) decision on Thursday to hike interest rates by 50 basis points. The pair partially faded Wednesday’s acute pullback and is currently trading above the 1.0600 level. The ECB’s decision is expected to be.