The euro continued its upward trajectory on Thursday, peaking at around 1.0790, driven by risk-on sentiment and a slight pullback in recent days. Over the past few months, the EUR/USD exchange rate has risen more than 13%, rebounding from its bear market lows of below 0.9600 in September 2022. The euro’s rapid recovery has been […]
Coinbase (NASDAQ: COIN), a leading cryptocurrency exchange, saw its shares take a hit on Thursday following rumors that the SEC might ban crypto staking for U.S. retail investors. This announcement, made by CEO Brian Armstrong, has raised concerns about the future of crypto staking and its impact on the crypto industry, including Coinbase. Crypto staking […]
Shiba Inu (SHIB), a popular meme-inspired cryptocurrency, has been making waves in the crypto market recently. With its price surging and reaching new heights, investors are taking notice and jumping on the bandwagon. Notably, Ethereum whales have been taking advantage of this growth and buying up large amounts of SHIB. Shiba Inu experienced a rough […]
According to research by blockchain analysis company Chainalysis, cybercriminals sponsored by North Korea stole $1.7 billion (£1.4 billion) in cryptocurrency in 2022, breaking the previous record for cryptocurrency theft by at least four times. According to Chainalysis’ study, last year was “the biggest year ever for crypto hacking.” Cybercriminals in North Korea are allegedly turning […]
The GBP/USD pair has struggled to make a comeback against the dollar, as price action remained largely unchanged during the Asian and early European sessions on Wednesday. Yesterday’s sell-off in the pair saw it reach a low of 1.2300, and analysts predict that this may not be the end of the downward trend. Nationwide Housing […]
Today, the eurozone saw the release of several key economic indicators, including inflation and labor market data, which were eagerly awaited by investors. However, despite the positive results, the EUR/USD currency pair did not reflect the data. The French inflation, while missing its estimates, still showed improvement compared to the December figure, with an actual […]
On Friday, the EUR/USD currency pair experienced a two-day reversal last week, moving closer to 1.0850. This was primarily due to a negative shift in risk sentiment and expectations of profit-taking before the weekend. Support for the US Dollar was strengthened by positive US macroeconomic data released on Thursday. The US Commerce Department reported an […]
In a major development for the cryptocurrency market, the Bitcoin Fear and Greed Index has once again entered the “greed” zone, signaling a positive shift in sentiment among investors. The index, which measures the general feeling of the community towards bitcoin, reached this level for the first time since March 30, 2022. The recent surge […]
As the week draws to a close, the value of the dollar has risen against the euro and sterling, due in part to investors’ focus on the upcoming central bank meetings. The Federal Reserve, European Central Bank, and Bank of England will all be making rate decisions next week as they navigate the current economic […]
