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.
Introduction: The European Central Bank (ECB) is facing a critical decision regarding the planned interest rate hike amid market disruptions. The market conditions have created uncertainty and make it difficult for the ECB to make a decision. Economists at ING analyzed the possible impact on the Eurozone’s shared currency (EUR).
In today’s digital world, secure encryption is critical to protect sensitive data. SHA-256, developed by the National Security Agency in 2001, is a secure hashing algorithm that plays a crucial role in encrypting data on iPhones and making Bitcoin encryption possible. It is one of the most secure protocols on.
The recent market turbulence has brought to the forefront the importance of safe haven assets. Investors have been scrambling to find assets that can offer them protection against the economic uncertainties caused by the COVID-19 pandemic. Amidst this search for security, Bitcoin has emerged as a promising safe haven asset..
In this article, we explore a new framework for thinking about the crypto ecosystem as a series of networks that produce intrinsic and extrinsic value. By viewing cryptocurrencies as economies, we can gain a clearer understanding of the space and navigate it more easily. Introduction: The world of cryptocurrencies can.
The collapse of Silicon Valley Bank has sent shockwaves across financial markets, impacting numerous crypto companies including Circle, the issuer of USDC stablecoin, which revealed its $3.3 billion exposure to the bank. The Impact of Silicon Valley Bank’s Collapse on USDC Stablecoin The catastrophic collapse of Silicon Valley Bank, one.