Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.
The US SEC triggered a frenzied reaction in the Bitcoin and cryptocurrency community yesterday, following a tweet by its official handle about investing in funds that hold Bitcoin futures contracts. The account (@SEC_Investor_Ed) tweeted that: “Before investing in a fund that holds bitcoin futures contracts, make sure you carefully weigh the potential risks and benefits.” […]
GBPJPY Analysis – Price Rallies With Strong Momentum as Bulls Climb Above Significant Key Levels GBPJPY rallies with strong momentum above the price level. Bulls took sole control of the entire position, driving the price upward. The market trends upward, breaking significant price levels as the momentum increases. The bulls are still in control of […]
Solana (SOL) sent the cryptocurrency community into panic mode following its network outage in September, which sparked debates about centralized systems vs. decentralized systems and PoW networks vs. PoS systems. That said, Solana presented a preliminary investigation report into the outage titled ‘9-14 Network Outage Initial Overview’ on September 20. A Report On the network […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: RangingOn October 13, the Gold (XAUUSD) price broke above the moving averages and retested the 50-day SMA. This is an indication that the market is likely to rise on the upside. The uptrend is likely to resume on the upside […]
Thursday saw the pound sterling extend its gains as the US dollar continues to lose ground against the other currencies. The GBP/USD exchange rate is currently at 1.3710, up 0.41 percent on the day. The pair had previously reached 1.3434, its highest level since September 24th. The August GDP data came in at 0.4 percent, […]
Key Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20,$0.15 DOGE/USD Long-term Trend: BearishDogecoin’s (DOGE) price is above the 21-day SMA but below the 50-day SMA. The altcoin has been fluctuating between the moving averages. The downtrend will resume if price breaks below the 21-day SMA. Similarly, the uptrend will resume, if price breaches the […]
The United States has become the global epicenter for cryptocurrency (Bitcoin) mining following the mass migration of miners from China due to the clampdown by the Chinese government. The Chinese government took a hostile stance against the cryptocurrency industry to control financial risk in the region. China became the cradle of Bitcoin and crypto mining […]
New reports from Glassnode show that despite the recent price surge in Bitcoin (BTC), long-term holders have shown no intention to liquidate and realize profits yet. The blockchain analytics provider also revealed that the percentage of BTC supply held for at least three months reached 85%, a new all-time high. Citing data from Glassnode, famous […]
The US dollar weakened against several other currencies as inflationary pressures in the US economy were confirmed by the release of US CPI data for September. Characteristically, the general level of the CPI rose on an annualized basis, again reaching a 13-year high. On the other hand, the minutes of the September Fed meeting confirmed […]
