The holder of the largest institutional Bitcoin (BTC) investor MicroStrategy, has announced that it plans to continue stocking up its BTC holdings, despite the $424.8 million impairment it recorded in Q2 2021. The cumulative impairment comes in at a whopping $689.6 million since Q3 2020. As of June 2021, the behemoth investor held 105,085 BTC […]
Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BearishUSOIL is in a sideways trend. The upward move has been stalled at $78. After its rejection from the $78 high, the market declined to the low of $66. The subsequent upward move has been restricted below $74. Buyers have an uphill […]
The White House has approved an amendment to the $1 trillion infrastructure bill by Senators Mark Warner, Rob Portman, and Kyrsten Sinema that supports the proof-of-work consensus mechanism over other mechanisms. However, this amended bill contends with another introduced a day before, which has the support of the crypto community. The contending bill got sponsored […]
After stronger-than-expected NFP figures, the dollar surges in the early US session. More FOMC members would be willing to call for tapering in Q4 if job growth maintained its present pace in August. So far, the Euro, Swiss Franc, and Yen have been the most responsive to Dollar buying. The number of people employed in […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BearishGold price faces rejection twice at level $1,830 as the market declines sharply to the low of level $1,761. The bears are retesting the previous low at level $1,761 to break below it. If price breaks the previous support, the […]
GBPJPY Price Analysis – August 6 GBPJPY recovers to keep trading above the 151.200 key level. The market has been trading above this level for the past 57 trading days, from the 28th of April 2021 to the 16th of July 2021. During this time, price started a downtrend, in which it spiked down three […]
EURJPY Price Analysis – August 6 Before finding buyers versus the Japanese Yen, the EUR continues to fall below the 130.00 level while searching for a solid rebound, the EUR/JPY traded as low as 129.58 at the time of this post. In July 2021, nonfarm payrolls in the United States may rise from 850K to […]
BNBUSD Price Analysis – August 06 The price may break up the resistance level of $364 which may increase to $420 and $503 levels. Failure to break up the $364 level may send the price to the support levels at $311, $254 and $196. BNB/USD Market Key levels: Supply levels: $364, $420, $503 Demand levels: […]
According to reports, 2.3 ETH gets burnt every minute due to the new transaction fee mechanism introduced via the Ethereum London upgrade, which occurred on August 5. The long-awaited London hard fork went live yesterday, which ushered in the EIP-1559 upgrade. One of the latest additions to the network is a mechanism that burns part […]
