Bitcoin Eyes Weekly Gain Amid Broader Risk Asset Rally
Bitcoin is on track for a weekly increase, supported by a wider rally in risk assets and shifting expectations for Fed rate hikes.
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Bitcoin is on track for a weekly increase, supported by a wider rally in risk assets and shifting expectations for Fed rate hikes.
Trump Media & Technology Group (TMTG) has decided against holding Crypto.com's CRO token in its treasury, signaling a shift in its digital asset approach.
UOB analysts observe the Chinese Yuan (CNH) entering a period of consolidation against the US Dollar, trading within a tight range.
Gold's price movements are increasingly influenced by AI-driven trading algorithms, prompting questions about the continued impact of human psychology.
DBS Group Research anticipates Singapore's second-quarter GDP figures will be revised higher, driven by robust performance in manufacturing and services sectors.
A director at American Bitcoin has acquired a significant amount of the company's stock, signaling increased insider confidence.
Progress in Oman-Iran discussions suggests a potential agreement to restore commercial shipping in the Strait of Hormuz, with US sanctions relief.
US employment declined unexpectedly in July, leading to a weaker dollar, while gold advanced and inflation expectations eased slightly.
The British Pound saw modest gains against the Japanese Yen this week, with GBP/JPY holding above its 200-day Simple Moving Average.
Standard Chartered analysts now anticipate the Bangko Sentral ng Pilipinas (BSP) will maintain its policy rate at the upcoming August meeting.
The US Dollar Index (DXY) dropped below the 100.00 mark following weaker-than-expected July Nonfarm Payrolls figures.
Recent US graduates face a challenging job market, with unemployment rates exceeding the national average, a notable shift from historical trends.
Bitcoin's price neared the $65,000 mark recently, exhibiting signs that suggest a potential pause or reversal in its upward movement.
A US official indicated advancements in discussions between Iran and Oman regarding unimpeded commercial shipping through the Strait of Hormuz.
US Treasury Department imposes sanctions on two cryptocurrency exchanges, targeting their alleged role in facilitating transactions for Iran.
The South Korean Won is outperforming Asian peers, bolstered by robust semiconductor exports and coordinated FX intervention discussions.
EUR/USD advanced on Friday, reaching a seven-week peak as the US Dollar weakened following a disappointing Nonfarm Payrolls report.
Upcoming earnings from key technology firms and traditional market indicators may offer insights into overall market sentiment relevant to crypto assets.
Gold prices saw a notable increase following the release of mixed US employment figures, which influenced market expectations for future Federal Reserve interest rate adjustments.
Indonesia's second-quarter GDP growth surpassed analyst forecasts, leading Standard Chartered to revise its long-term economic outlook positively.
The total number of active oil and gas rigs in the US remained unchanged last week, with oil rigs stable and natural gas rigs decreasing.
Existing home sales are anticipated to decline in July as elevated mortgage rates continue to impact the affordability and activity in the US housing sector.
A potential sale of cryptocurrency exchange BitMEX reportedly collapsed due to buyer apprehension over founder involvement and the platform's shrinking operations.
US stocks, as measured by the Dow Jones Industrial Average, saw modest gains following July's non-farm payrolls report.
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