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“Dow futures fall 500 points after Fed’s sharp rate hike” Dow futures fell by some 500 points before the market opened on Thursday as Wall Street appears poised to give up some of the gains made after Fed Chair Jerome Powell announced sharp interest rate hikes to combat inflation. S&P 500 futures fell by some…
” Ethereum sell-off resumes with ETH price risking another 25% decline in June “ Ethereum’s native token Ether (ETH) slumped on June 16, suggesting that its relief rally coinciding with the Federal Reserve announcing it will hike the benchmark rate by 0.75%, is at risk. Ether bulls trapped? Ether’s price slipped by 9.2% to around $1,120 per…
” Bitcoin price climbs to $22.5K after Fed 75 basis point hike aims to cap runaway inflation “ Global financial markets were squarely focused on the U.S. Federal Reserve and its decision to raise interest rates by 75 basis points on June 15, the largest increase in 28 years as the central bank fights to…
” NEXO price drops 40% in three days on rumors of ties to ‘insolvent’ crypto fund “ The price of Nexo (NEXO) continued to fall on June 15, as Nexo denied rumors of exposure to Three Arrows Capital (3AC), a Dubai-based crypto fund facing insolvency risks. NEXO price suffers on DeFi contagion fears NEXO, which…
” Ethereum crashed by 94% in 2018 — Will history repeat with ETH price bottoming at $375? “ Ethereum’s native token Ether (ETH) is showing signs of bottoming out as ETH price bounced off a key support zone. Notably, ETH price is now holding above the key support level of the 200-week simple moving average (SMA)…
” Ethereum price enters ‘oversold’ zone for the first time since November 2018 “ Ethereum’s native token Ether (ETH) entered its “oversold” territory this June 12, for the first time since November 2018, according to its weekly relative strength index (RSI). This is the last time $ETH went oversold on the weekly (hasn’t confirmed here…
” Bitcoin, altcoins sell-off on record-high inflation, but traders still expect BTC to consolidate “ Global financial markets once again find themselves trending lower on June 10 after the Consumer Price Index (CPI) came in at a blistering 8.6% year-over-year increase, the highest print since 1981. The hotter-than-expected CPI print resulted in a collapse of…
“Mortgage demand hits 22-year low as interest rates rise” Mortgage demand sank to its lowest level in 22 years this week as rising interest rates and a lack of inventory cool demand among potential homebuyers. The volume of mortgage loan applications sank by 6.5% for the week ending on June 3 compared to the…
” Is Cardano ready for a go at $1? June’s hard fork FOMO lifts ADA price to weekly highs “ Cardano (ADA) was among the best performers among the top cryptocurrencies on June 6 as traders assessed a key upgrade that promises to enhance its blockchain’s smart contract capabilities. Vasil hard fork FOMO Dubbed “Vasil,”…
” Is Solana a ‘buy’ with SOL price at 10-month lows and down 85% from its peak? “ Solana’s (SOL) price dropped on June 3, bringing its net paper losses down to 85% seven months after topping out above $260. SOL price fell by more than 6.5% intraday to $35.68, after failing to rebound with…