Bitcoin price enters ‘transitional phase’ according to BTC on-chain analysis
Bitcoin Price Faces Transitional Phase, On-Chain Analysis Shows Bitcoin’s (BTC) bullish run from the start of the year seems to have hit a roadblock, as on-chain metrics suggest that the asset is entering a transitional phase. Technical indicators highlight key resistance levels that the asset must surpass to maintain the winning streak. Bitcoin price has […]
Hershey’s (HSY): Breaking records during a recession? [Video]
es, and beverages. It was founded in 1894 by Milton S. Hershey, who started the company in Lancaster, Pennsylvania, and the company’s headquarters are still located there today. The Hershey Company is regarded as a leader in the chocolate industry, with its products sold in over 60 countries all over the world. The company’s products […]
Will AXS break its consolidation?
Axie Infinity is a blockchain-based game built on the Ethereum network that allows players to breed, battle, and trade cute digital creatures known as Axies. The platform has become incredibly popular, with players earning rewards in the form of AXS, the native cryptocurrency of the platform. As of today, AXS is priced at $8.86, down […]
Stretched downtrend, potential support at 17.90/17.60 – SocGen
The decline of USD/MXN, which started in 2021, has continued into 2022, causing concern for some economists. Société Générale economists have taken a closer look at the situation and believe that the move is overextended. The currency pair recently breached the lower limit of the range and is close to a potential support zone of […]
Deutsche Bank, Jefferies expect Friday’s job data to come in way above consensus estimate
According to a number of Wall Street firms, the upcoming Friday nonfarm payrolls report for February is expected to yield a job gain that is higher than the consensus estimate. Deutsche Bank’s economists predict that the job gain for February is likely to be around 300,000, significantly higher than the consensus estimate of 215,000. The […]
Ivey PMI (sa) declines to 51.6 in February vs. 57.7 expected
The Canadian economy has taken a hit as the latest Ivey purchasing Managers Index (PMI) indicated a sharp drop in economic activity for the month of February. This index is an economic measure that tracks the monthly changes in the Canadian economy, and it recorded a disappointing figure of 51.6 (seasonally adjusted), a significant decline […]
Coinshares Sees $17M Outflows From Digital Asset Products
Bearish Trend Persists: Coinshares Sees $17M Outflows From Digital Asset Products The digital asset market has been on a bearish trend recently, with CoinShares reporting a $17 million outflow from their investment products. This is indicative of ongoing regulatory concerns in the industry, which have created uncertainty and potential risk for investors. While there have […]
USD/IDR: No changes to the side-lined mood – UOB
The USD/IDR sitting in the consolidation phase excites the market strategist of UOB Group, Quek Ser Leang. He prefers the current scenario, as it allows traders and investors to review the market’s response to the ongoing global issues. Consolidation has primarily been adopted as an aftermath of the unprecedented economic shockwaves that occurred in 2020. […]
Analyst Shares His Thoughts About BTC’s Weekend Performance
After a difficult start to March, Bitcoin (BTC) is trading in the green again, although not by much. According to CoinMarketCap, BTC is currently changing hands at $22,401.71 after a 0.07% increase in price over the last 24 hours. The leading cryptocurrency was also able to reach a high of $22,497.00 and a low of […]
European Central Bank chief economist Lane says rate rises will continue after March
Philip Lane, the chief economist of the European Central Bank (ECB), has indicated that interest-rate hikes are likely to continue beyond the March meeting. Currently, the market is almost certain about a 50-basis point rate hike for March. Lane has expressed the view that the information on underlying inflation pressures suggests that there will be […]