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EUR/USD trades at its highest since the end of January as the dollar holds on the edge after yesterday’s fall The pair managed a close above daily resistance of 1.2150 yesterday and is now trading at its highest levels in a month, around 1.2170-75 on the session. There is some swing region resistance as well … Read more
Bitcoin price made another attempt to clear $35,000, but it failed against the US Dollar. BTC is currently consolidating above the $33,000 support zone, with a few positive signs. Bitcoin is still facing a strong resistance near the $34,850 and $35,000 levels. The price is currently holding the key $33,000 support level and testing the … Read more
Key Talking Points: BTC/USD was signalling at increased bearish pressure before a sudden 11% surge this morning Find out what levels to look out for as BTC/USD recovers volatility VOLATILITY SHIFTS TO EQUITIES After a few very busy weeks at the start of the new year, Bitcoin has taken the backseat in the last few … Read more
Bank for International Settlements (BIS) basic supervisor Agustin Carstens has actually slammed bitcoin stating the possession was inherently risky and “increasingly vulnerable” to a 51% attack. A long period of time bitcoin (BTC) skeptic, Carstens worried that just reserve banks need to be releasing digital currencies. “Investors must be cognizant that bitcoin may well break … Read more
Deutsche Bank has conducted a survey about financial bubbles. Eighty-nine percent of respondents see some bubbles in financial markets, with bitcoin near the “extreme bubble” territory. However, more respondents expect the cryptocurrency to double than they do Tesla’s stock. Deutsche Bank’s Bubble Survey A survey published Tuesday by Deutsche Bank asked 627 market professionals to … Read more
Bitcoin price is facing a couple of strong hurdles near $36,750 and $37,800 against the US Dollar. BTC could decline heavily if it breaks the $34,800 support zone. Bitcoin is struggling to gain bullish momentum above the $36,750 and $38,000 resistance levels. The price is now trading well below $38,000 and the 100 hourly simple … Read more
Russia’s central bank digital currency, or CBDC, could contain a number of risks related to cybersecurity and fraud, according to several local financial institutions. The Association of Russian Banks, or ARB, has released its official feedback on Russia’s digital ruble project on Jan. 13. The study included 17 ABR credit institutions in Russia accounting for 58% … Read more
