BitcoinWorld US Dollar Loses Steam as Traders Brace for Crucial Inflation Report The US Dollar enters the new trading week on a softer footing, surrendering some of its recent gains as currency markets turn their focus to the upcoming release of key inflation data. After a period of relative strength driven by hawkish Federal Reserve …
BitcoinWorld Spot CVD Chart Analysis for BTC/USDT: Key Support and Resistance Levels on June 19 On June 19, 2024, at 11:00 a.m. UTC, the Spot Cumulative Volume Delta (CVD) chart for the BTC/USDT trading pair offers traders a granular view of order book dynamics. This analysis tool, which combines a Volume Heatmap with CVD data, …
BitcoinWorld Analyst Links Bitcoin’s Recent Decline to Strategy’s ‘Saylor Vortex’ Funding Structure Real Vision crypto market analyst Jamie Coutts has offered a nuanced explanation for Bitcoin’s recent price weakness, suggesting the culprit may be less about macroeconomic headwinds and more about the unique financial engineering of Michael Saylor’s Strategy. Coutts has coined the term ‘Saylor …
BitcoinWorld Bank of England Expected to Hold Rates as Cooling Inflation Weakens Case for Hikes The Bank of England is widely expected to keep its benchmark interest rate unchanged at its next policy meeting, as a continued slowdown in UK inflation reduces the urgency for further tightening. Market participants and economists alike anticipate the Monetary …
BitcoinWorld Dollar Edges Higher as Markets Eye First Fed Rate Decision Under New Chair Warsh The US dollar edged higher in early trading on Tuesday as currency markets turned their focus to the Federal Reserve’s first monetary policy decision under newly appointed Chair Kevin Warsh. The move reflects cautious positioning among traders ahead of what …
BitcoinWorld Merz at G7: China’s Yuan Undervalued by Up to 30%, Sparks Currency Debate German Chancellor Friedrich Merz reportedly stated at the recent G7 summit that China’s currency, the yuan, may be undervalued by as much as 30 percent. The remark, attributed to diplomatic sources familiar with the closed-door discussions, has reignited a long-standing debate …
BitcoinWorld Sui Network Processes $65 Billion in Stablecoin Transfers in Six Days The Sui network has recorded $65 billion in stablecoin transfers over a six-day period, according to data reported by Cointelegraph. The figure underscores a sharp increase in on-chain activity for the Layer-1 blockchain, which has been gaining traction among decentralized finance (DeFi) protocols …
BitcoinWorld USD/JPY Price Forecast: Breakout Above 160.70 Needed for Sustained Rally The USD/JPY currency pair is approaching a critical technical juncture, with traders closely watching the 160.70 resistance level. A sustained breakout above this threshold could signal the beginning of a fresh upward leg, while failure to clear it may lead to renewed selling pressure. …
BitcoinWorld UK think tank CEO calls Michael Saylor’s STRC promotion dishonest, warns of hidden risks A prominent UK-based Bitcoin policy think tank has accused MicroStrategy founder Michael Saylor of misleading investors by downplaying the risks associated with the company’s perpetual preferred stock, known as STRC. Susie Ward, CEO of Bitcoin Policy UK, described Saylor’s promotional …
BitcoinWorld BoJ Rate Hike Looms, But the Yen Stays Stuck Near 160.00: Here’s Why The Bank of Japan is widely expected to raise interest rates at its upcoming policy meeting, a move that would mark another step away from its long-standing ultra-loose monetary stance. Yet, the Japanese yen remains stubbornly pinned near the psychologically significant …
