The U.S. dollar gained in strength against its major counterparts on Monday, ahead of some crucial economic data, including readings on U.S. inflation readings, and Fed speeches. Data on U.S. retail sales and industrial production U.S. reports on consumer and producer prices, retail sales and industrial production due later in the week may provide further...
Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as the markets are nervous as they seek clarity on U.S. President-elect Donald Trumps policy proposals, including increased tariffs, and await key U.S. inflation reading later in the week for directional cues. Asian markets closed mostly lower on...
The Australian dollar weakened against other major currencies in the Asian session on Tuesday, amid concerns about possible tariffs on Chinese imports by U.S. President-Elect Donald Trump. Markets are nervous as they seek clarity on U.S. President-elect Donald Trumps policy proposals, including increased tariffs, and await key U.S. inflation reading later in the week for...
Eigen Foundation commits 1% of EIGEN tokens to support Ethereum Layer 1 R&D via the Protocol Guild.Eigen launches incentives to reward stakers and operators, driving engagement in Actively Validated Services on EigenLayer. The Eigen Foundation has announced a big move by committing 1% of the total EIGEN token supply to the Protocol Guild, a collaborative...
Mayor Ken Sim’s proposal to integrate Bitcoin into Vancouver’s financial operations has been approved for extensive exploration. Those who opposed the motion cited issues of environmental concerns and the use of digital assets for money laundering. Vancouver is taking significant steps towards crypto adoption, as the Vancouver City Council approved a motion to explore Bitcoin integration...
The crypto market is poised for growth, with Bitcoin and altcoins continuing their upward trends amid normal retraces.Bitcoin’s long-term targets include $122,000 and $133,000, with significant market peaks expected by the end of 2025. In a post on TradingView, popular crypto analyst Alan Santana predicts that the cryptocurrency sector, particularly altcoins, will continue to grow....
U.S. inflation (CPI) and labor data significantly impact Bitcoin, with higher inflation bolstering its appeal as a hedge and weak labor figures supporting its safe-haven role.Mixed signals from economic data could increase Bitcoin’s volatility, as investors evaluate Federal Reserve policies and market risk dynamics. Bitcoin investors are closely monitoring two major U.S. economic reports this...
Indicators like RSI, NUPL, and MVRV-Z show Bitcoin’s (BTC) current cycle is far from reaching its peak.Historical patterns suggest Bitcoin’s potential for further growth remains strong, supported by multiple technical indicators. In a recent video, crypto analyst Lark Davis asserted that Bitcoin’s current cycle high is not even close, despite market skepticism. Davis clarified why...
Argentina plans free currency circulation in 2025, including Bitcoin, to enhance economic flexibility and digital integration.Javier Milei proposes cutting 90% of national taxes and decentralizing fiscal policies for regional autonomy. As Argentine President Javier Milei begins his second year in office, he has outlined ambitious intentions to further restructure the country’s economy. Milei boldly said...
Alabama may create a Bitcoin reserve to boost its economy and attract crypto businesses.State Auditor Sorrell sees Bitcoin as a safeguard against inflation and a growth opportunity. State Auditor Andrew Sorrell has called for the establishment of a strategic Bitcoin (BTC) reserve for the state of Alabama, with the goal of establishing the state as a...