The US dollar stabilized on Wednesday ahead of key inflation data that could shape the Federal Reserve’s future policy, following hawkish comments from Federal Reserve Chairman Jerome Powell. The dollar index, which measures the greenback’s strength against a basket of six other currencies, was trading slightly higher at 107.875 after posting some losses overnight as […]
Daily Technical Analysis EUR/USD: Gaining Strength as Markets Trend Upward
The EUR/USD recovered after three consecutive days in the red and closed above 1.0350, as market flows shifted, turning investors away from the dollar as a safe haven and boosting overall confidence. US President Donald Trump’s new tariff threats appear to be largely ignored by the markets, while Federal Reserve Chairman Jerome Powell has reiterated […]
Elon Musk Resurrects His Pseudonym ‘Harry Bōlz’ and Ignites a Memecoin Market Frenzy
Elon Musk, CEO of Tesla and SpaceX, has once again disrupted the cryptocurrency world with a simple alteration of his username on X (formerly Twitter). A memecoin known as HARRYBOLZ, named after the alias “Harry Bōlz,” skyrocketed by an astonishing 30,000%. The development has sparked a wave of speculation: is this a calculated move by […]
Dollar Holds Firm After Trump Tariffs; Sterling Falls
The US dollar stabilized on Tuesday after US President Donald Trump imposed tariffs on metal imports, triggering demand for the safe-haven currency amid concerns over a brewing trade war. The dollar index, which tracks the greenback against a basket of six other currencies, was trading virtually flat at 108.200. Dollar Remains in Demand Donald Trump […]
Outlook for the Week of February 10-14
Key Points to Watch Out For: Trump Stirs Up Markets with His Tariff Measures With the first central bank decisions of 2025 now behind us, this week is expected to be calmer. However, there is still plenty for investors to anticipate, with the all-important US CPI report on the agenda. This does not mean, of […]
Nasdaq seeks approval to list CoinShares ETFs in XRP and Litecoin
Nasdaq has filed Forms 19b-4 with the SEC to list and trade two new CoinShares exchange-traded funds (ETFs): the CoinShares XRP ETF and the CoinShares Litecoin ETF. These products would provide investors with regulated exposure to XRP and Litecoin (LTC), two of the most established crypto assets in the market. CoinShares, one of the leading […]
Dollar Strengthens Amid Talks of Additional Tariffs, Euro Loses Ground
The US dollar rose on Monday after the US president threatened to impose new tariffs on metal imports, boosting demand for safe-haven assets, while the euro lost ground. The dollar index, which tracks the US currency against a basket of six other currencies, was trading 0.2% higher at 108.140. Dollar Gains Ground on Trade War […]
Daily Technical Analysis : EUR/USD Holds Near 1.0300 Amid Trump’s Tariff Threats
While US Treasury yields continue to climb, the US counterpart remains resilient, prompting both the USD and prices to push higher. EUR/USD has ceded ground for the third consecutive session, with the pair trading around 1.0310 on Monday. The pair is under pressure as investors anticipate a widening interest rate gap between the US and […]
What Are Altcoins and Why Are They So Important in the Crypto Market?
Altcoins are cryptocurrencies that act as alternatives to Bitcoin, presenting diverse opportunities for investors who wish to enter the cryptocurrency space in a more varied manner. In this article, we will delve into their most significant characteristics. Altcoins hold a distinct position in discussions about cryptocurrencies as they represent alternatives to Bitcoin, the leading cryptocurrency […]
US Aims to Regulate Stablecoins, Trump’s Crypto Czar Says
According to David Sacks, the crypto czar appointed by Donald Trump himself, the Trump administration intends to regulate and enable stablecoin innovation in America. Speaking on CNBC’s Closing Bell Over Time on Feb. 4, Sacks revealed that stablecoins are one of the main focuses for the administration, alongside goals for advancing Bitcoin adoption and blockchain […]