Category: Support
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Bitcoin Loses Crucial Support, Poised For Return To $54,000 – Analyst
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Bitcoin price has been on a steady decline over the past week following several economic and market developments. According to data from CoinMarketCap, the leading cryptocurrency is currently hovering around the $60,000 price zone, having lost over 11.17% of its market value in the past seven days. While many crypto…
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Bitcoin Loses Crucial Support, Poised For Return To $54,000 – Analyst
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Bitcoin price has been on a steady decline over the past week following several economic and market developments. According to data from CoinMarketCap, the leading cryptocurrency is currently hovering around the $60,000 price zone, having lost over 11.17% of its market value in the past seven days. While many crypto…
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Support For Bitcoin Strategic Reserve Soars: 2,200 Letters Flood Senate
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Over 2,200 letters to U.S. senators in just 48 hours asking for their support have given significant momentum to the proposed Bitcoin Strategic Reserve Act. This grassroots initiative is in line with Senator Cynthia Lummis’ recent Bitcoin bill, which seeks to create a distributed network of secure Bitcoin vaults managed…
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2,200 letters flood Senate seeking support Bitcoin proposal
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Following pro-crypto Senator Cynthia Lummis’s plea to enact a Bitcoin Strategic Reserve bill at the end of July, US senators have now received more than 2,200 letters urging them to support the proposal. The bill aims to create a “decentralized network of secure bitcoin vaults” operated by the U.S. Treasury…
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$21.73 Support Under Siege – What’s Next?
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My name is Godspur Oye, I was born and raised in Edo State, Nigeria. I grew up with my three brothers who have always been my role models and mentors, helping me grow and understand the way of life. My parents are the backbone of my story. They have always…
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Bitcoin Reserve Push: Over 1,100 Letters Sent To US Senators For Bill Support
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Bitcoin as a strategic reserve asset in the United States is seeing a major reaction from the cryptocurrency industry as Dennis Porter, CEO and co-founder of the Satoshi Action Fund, announced open A huge wave of messages from the community to US Senators He urged them to support the bill…
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Bitcoin Reserve Push: Over 1,100 Letters Sent To US Senators For Bill Support
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Bitcoin as a strategic reserve asset in the United States is seeing a major reaction from the cryptocurrency industry as Dennis Porter, CEO and co-founder of the Satoshi Action Fund, announced open A huge wave of messages from the community to US Senators He urged them to support the bill…
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DIRTT Announces Debenture Repurchase, Enters into Support Agreement and Amends Shareholder Rights Plan
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published Aug 02, 2024 • 12 minute…
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Commerzbank hint at the potential for more Japanese intervention to support the yen
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Justin gives us the latest from the Bank of Japan: And through an excerpt from Commerzbank, analysts there also see the Bank of Japan adopting a stance that favors further interest rate hikes, thus supporting the yen: The Bank of Japan does not expect its policy path to significantly reduce…
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Commerzbank hint at the potential for more Japanese intervention to support the yen
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Justin gives us the latest from the Bank of Japan: And through an excerpt from Commerzbank, analysts there also see the Bank of Japan adopting a stance that favors further interest rate hikes, thus supporting the yen: The Bank of Japan does not expect its policy path to significantly reduce…
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TA of the Day: Will Copper’s Support Hold and Ignite a Major Rally?
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copper Oil prices fell sharply, falling to their lowest level in four months on concerns about slowing Chinese demand and rising production. China is the world’s largest consumer of copper, using it extensively in construction, manufacturing, electronics and energy sectors. Because of this, the amount of copper China needs has…
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EURUSD falls below 200 day MA but finds support buyers near the 100 day MA
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The EUR/USD pair fell below the 200-day moving average at 1.08173, preceded by an extension of the decline on the back of a technical breakout. However, once the price reached the 200-bar moving average on the 4-hour chart and the 100-day moving average between 1.07946 and 1.07994, buyers stopped the…
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USDJPY Technical Analysis – The pair bounced on the key 152.00 support
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Basic Overview The US dollar has been steadily rising against most major currencies over the past two weeks, although the catalyst behind the move has been unclear. One good argument is that most of the moves we have seen over the past 10 days have been driven by debt relief…
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Donald Trump Reiterates Support For Crypto, Pledges To Fire Gary Gensler On Day 1
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Former US President and Republican presidential candidate Donald Trump has reiterated his unwavering support for the cryptocurrency industry. Speaking at a Bitcoin conference in Nashville, Tennessee, the billionaire and former Bitcoin critic outlined several crypto adoption plans he intends to implement in office if elected, some of which include major…
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Donald Trump Reiterates Support For Crypto, Pledges To Fire Gary Gensler On Day 1
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Former US President and Republican presidential candidate Donald Trump has reiterated his unwavering support for the cryptocurrency industry. Speaking at a Bitcoin conference in Nashville, Tennessee, the billionaire and former Bitcoin critic outlined several crypto adoption plans he intends to implement in office if elected, some of which include major…
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GBPUSD trades to a new low and with it, a cluster of support targets
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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The USDCHF is sharply lower on the day,but respects key support target near 0.8819-0.8825.
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Yesterday, the USD/CHF pair rose and found support at the 200-day moving average early in the day, which turned the bias to the upside. It rose above the 38.2% retracement level of the recent move lower at 0.89072, extending to a high of 0.8923 before slowing at the close. But…
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TA of the Day: EUR/JPY Near Major Support. Will the Bullish Trend Hold?
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The EUR/JPY The currency pair, which has been one of the best performing pairs for bulls since the beginning of the year, is now facing a major challenge. ? With the price approaching the edge of an important dynamic support level, the question now is: will the bulls continue their…
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USDCHF respecting support and resistance in trading to start the new trading week.
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The USD/CHF pair is trading up and down in a limited range. The price is moving above and below the swing low at 0.88808 and the 200-day moving average at 0.8883. The 38.2% of the move up from the December 2023 low is also within the swing zone at 0.8883.…