Category: fading
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Bitcoin Price Hovers Under $100K: Is Momentum Fading?
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This article is also available in Spanish. Bitcoin price is struggling to test the $100,000 level. BTC is consolidating and may attempt another surge from the $95,000 support area. Bitcoin pared all gains and retested the $95,000 area. The price is trading below the $96,500 level and the 100 hourly…
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Bitcoin Price Hovers Under $100K: Is Momentum Fading?
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This article is also available in Spanish. Bitcoin price is struggling to test the $100,000 level. BTC is consolidating and may attempt another surge from the $95,000 support area. Bitcoin pared all gains and retested the $95,000 area. The price is trading below the $96,500 level and the 100 hourly…
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Ethereum Struggles Below $3,659 Resistance: Is Momentum Fading?
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This article is also available in Spanish. Ethereum It is grappling with a critical resistance level at $3,659 as momentum appears to be waning. After a period of steady gains, the cryptocurrency has moved to a level Unification The phase, where the bulls are struggling to push it higher. The…
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Spot Bitcoin ETFs Witness Persistent Negative Outflows, A Sign Of Fading Confidence?
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This has turned out to be a bleak week for Bitcoin spot trading funds (ETFs) as the historical products have seen consistent negative outflows in the past few days in light of recent price volatility. Spot Bitcoin ETFs record outflows for 3 consecutive days In a worrying development. Bitcoin ETFs…
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Is the Bullish Momentum Fading?
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This article is also available in Spanish. Ethereum price continued its decline below the $2,450 level. ETH is now consolidating and may have difficulty recovering above the $2,425 level. Ethereum price fell further and was trading below the $2,400 area. The price is trading below the $2,420 level and the…
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Is the Bullish Momentum Fading?
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This article is also available in Spanish. Ethereum price continued its decline below the $2,450 level. ETH is now consolidating and may have difficulty recovering above the $2,425 level. Ethereum price fell further and was trading below the $2,400 area. The price is trading below the $2,420 level and the…
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UBS cuts US dollar targets; recommends fading any strength By Investing.com
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Investing.com – UBS has cut its long-term targets for the U.S. dollar, looking to outpace the currency’s rally as early as September. At 08:45 ET (12:45 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.1% at 101.655, after rising to a…
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Retail sales miss in May indicative of fading consumer momentum
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Investing.com – Analysts from Wells Fargo (NYSE:) noted on Tuesday that weaker-than-expected May data indicated a decline in consumer spending. Retail sales data for May came in slightly lower than expected, rising just 0.1%. Furthermore, there were downward revisions to previous months’ data, implying a weaker spending environment in the…
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Why is the fiscal impulse fading despite ‘unsustainable’ deficits? BofA discusses By Investing.com
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In a note issued earlier in the week, economists at Bank of America explored why fiscal impetus has faded despite persistently large deficits. The bank’s latest US weekly economic review noted that the slowdown in private and public investment in the first quarter of 2024 indicates that the significant fiscal…
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US stocks pare gains as spiking yields on fading rate-cut bets offset Nvidia rally By Investing.com
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Investing.com — U.S. stocks gave up gains on Tuesday, after Treasury yields rose as data pointing to signs of steady inflation dampened interest rate cut hopes, offsetting Nvidia-led charges in technology stocks. At 14:28 ET (18:28 GMT), it was down 589 points, or 1.5%, while down 0.8%, and the heavy…