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 […]
Dollar on a Tightrope, The Euro Gains Despite Disappointing PMI
The US dollar fell on Wednesday, trading defensively following the Trump administration’s agreement with its neighbors, Canada and Mexico, to delay tariffs. Meanwhile, the euro gained despite weak regional services activity data. The dollar index, which analyzes the evolution of this currency in comparison to a basket of six other major currencies, was trading down […]
Daily Technical Analysis EUR/USD: It Recovers as Market Pressures Diminish
EUR/USD posted a modest 0.8% gain last Tuesday, attempting to recover after six consecutive days of losses. However, the pair has yet to establish itself above 1.0400. Bullish momentum remains limited, as it is still exposed to overall market sentiment and the upcoming U.S. Non-Farm Payrolls (NFP) report, which will be released at the end […]
Utah Speeds Up the Process to Become the First U.S. State with a Bitcoin Reserve
In a historic move, Utah is preparing to become the first state in the U.S. to create a Bitcoin reserve. This initiative has gained support from Dennis Porter, CEO of Satoshi Action Fund, who emphasizes how Utah’s short legislative session enables faster action in the crypto sector. Rapid Legislative Action As Porter explains, Utah’s legislative […]
Dollar Recovers Some Ground After the Postponement of Tariffs
The U.S. dollar fell slightly on Tuesday, giving up some of its recent gains after the Trump administration postponed some of the planned tariffs, even as a trade war with China was confirmed. The dollar index, which analyzes the movement of the greenback against a basket of six other currencies, was trading down about 0.5% […]
Outlook for the Week of February 3 – 7
Key Points To Watch Out For: At the Expense of Tariffs The US dollar recovered last week, confirming that the recent decline, triggered by speculation that Trump might adopt a more flexible stance on tariffs, was merely a corrective phase. Tariffs remained the main driver, and last Wednesday’s Federal Reserve decision added further fuel to […]
Dollar Catapults After the Announcement of Tariffs, The Euro Is Severely Punished
The US dollar surged on Monday, reaching a three-week high after US President Donald Trump followed through on his threat of additional trade tariffs, increasing demand for the safe-haven currency. The dollar index, which tracks the behavior of the US dollar against a basket of six other currencies, was trading nearly 1% higher at 109.305 […]
Daily Technical Analysis EUR/USD: Falls to 1.0200, Multi-Week Low Due to Tariffs
During the early hours of Monday, the EUR/USD currency pair witnessed a significant decline, falling to the 1.0200 area, marking a three-week low. This movement brings spot prices dangerously close to the two-year low established in January, leading some investors to question whether the pair is entering a prolonged downtrend that has persisted for several […]