According to the current situation as listed below: Bitcoin whales have a history of making waves in the market, often driving significant price movements and establishing trends that sway smaller investors. It is possible that these whales are accumulating Bitcoin for more long-term strategic reasons. The whale's accumulation comes at a time when two of the...
Federal Reserve Chair Jerome Powell is expected to testify before Congress on Wednesday, potentially serving up more cues on U.S. monetary policy after the central bank paused its rate hike cycle last week. But gold came under pressure as the Fed also flagged a higher peak interest rate this year, which could herald more hikes from the bank as it moves against...
Around the evening of June 19, the Bitcoin Dominance Index - which is measured by Bitcoin's market capitalization to the total capitalization of the entire cryptocurrency market - hit the 50% mark and is where it is today, according to data. Tradingview. This is the first time since 2021 Bitcoin Dominance is back to the 50% mark. This means that Bitcoin alone...
Gold prices moved little on Tuesday as markets awaited more cues on U.S. monetary policy this week, while copper prices fell slightly after China cut its lending benchmark for the first time in 10 months. China trimmed its benchmark loan prime rate (LPR) by 10 basis points across the board- a move that was largely expected by markets- as Beijing struggles to...
Spot gold was flat at $1,957.88 an ounce, while gold futures fell 0.1% to $1,971.20 an ounce by 21:05 ET (01:05 GMT). Both contracts stuck to a tight trading range seen over the past month amid mixed cues on the path of U.S. monetary policy, which has largely determined the trajectory of gold over the past year. While the Fed paused its rate hike cycle for the...
The euro could attempt to recoup some of the recent losses against some of its peers, thanks to the European Central Bank’s (ECB) hawkish hike, oversold conditions, and a spate of underwhelming Euro area macro data. However, still-elevated speculative long EUR positioning could limit the gains. EUR has rebounded against the US dollar, but has continued to soften...
Gold prices fell in light trade on Monday, pressured by a stronger dollar, as investors assessed the way forward for interest rates following hawkish remarks from policymakers from the U.S. Department of Commerce. United States Federal Reserve. spot gold fell 0.1% to $1,955.79 an ounce by 04:33 GMT. US gold futures contract fell 0.2% to $1,967.20. A stronger...
As of June 18, the latest figures reveal more than 12.49 million conventional inscriptions have been recorded on the Bitcoin blockchain. Trending inscriptions has brought significant profits to bitcoin miners, who have amassed 1,732 BTC equivalent to $46 million using today's exchange rates. However, the BRC20 economy, which experienced a significant drop in...
Gold remains rangebound, Fed in focus Spot gold was flat at $1,957.88 an ounce, while gold futures fell 0.1% to $1,971.20 an ounce by 21:05 ET (01:05 GMT). Both contracts stuck to a tight trading range seen over the past month amid mixed cues on the path of U.S. monetary policy, which has largely determined the trajectory of gold over the past year. While the...