An overview of stock market charts since the beginning of the month reveals that while the Nasdaq 100 index (US Tech 100 mini on FXOpen) is in positive territory, Microsoft (MSFT) shares have underperformed significantly. The opening price on 1st October was $427.47, but by yesterday’s close, it had fallen over 3%. One of the […]
Bitcoin’s Non-Realized Profits Hit Negative Levels—What Does This Mean for Investors?
As Bitcoin is currently still struggling to reclaim major highs, a recent analysis of its fundamentals has highlighted a possible buying opportunity for Bitcoin based on insights from the Non-Realized Profit metric. A CryptoQuant analyst known as Darkfost highlighted this metric’s importance in a recent post on the CryptoQuant QuickTake platform, m
X to Return for Brazilian Users After Two-Month Ban
Brazil will soon regain access to social media platform X following a two-month-long ban.
Commodity Currencies Test New Lows Ahead of FOMC Minutes
A strong US labour market report, released last week, has contributed to the decline in European and commodity currencies. The USD/CAD pair managed to strengthen above 1.3600, the AUD/USD pair tested 0.6720 as support, and the NZD/USD pair dropped below the 0.6100 mark. The increase in average wages (0.4% vs. expected 0.3%) and the rise […]
Market Analysis: AUD/USD and NZD/USD Take Hit, Turn Red
AUD/USD declined below the 0.6855 and 0.6830 support levels. NZD/USD is also moving lower and might struggle to recover above 0.6225. Important Takeaways for AUD/USD and NZD/USD Analysis Today · The Aussie Dollar started a fresh decline from well above the 0.6900 level against the US Dollar. · There is a connecting bearish trend line […]
Analysis of XAU/USD: Gold Price Drops to a Two-Week Low
The XAU/USD chart shows that yesterday, the price of gold fell below $2610, a level not seen since 20th September. Bearish sentiment has been driven by the continued strengthening of the US dollar. According to Trading Economics: → This is due to market participants lowering expectations for an aggressive rate cut by the Federal Reserve.→ […
FTX Proposes Caroline Ellison Giving up ‘All of Her Assets’ in Settlement
Crypto exchange FTX has filed a motion for settlement with former Alameda Research head Caroline Ellison, proposing that…
Shiba Inu Earns Recognition For Charitable Contributions – Impact On Price
Shiba Inu (SHIB) was announced by a prominent crypto personality as the most donated meme coin as these type of coins continue to grow in importance for charitable causes. This kind of recognition shows how these digital assets can benefit communities and gain business traction. Shiba Inu: On Praise & Performance Meme coin projects have [&helli
Bitcoin Faces Selling Pressure from U.S. Institutions in October
In October, BTC has been stuck in the quicksand and unable to show much motivation, resting around the $62,000 level. Selling pressure by U.S. institutional investors is among the main reasons keeping its price in check. Source: https://beincrypto.com/bitcoin-selling-pressure-from-us-institutional-investors/ Bitcoin Faces […] The post Bitcoin Face