Daily Pivots: (S1) 183.55; (P) 183.98; (R1) 184.60; More… Intraday bias in GBP/JPY remains neutral for the moment. Risk will stays on the downside as long as 186.75 resistance holds. Break of 183.35 will resume the correction from 186.75 short term top to 55 D EMA (now at 181.17) and possibly below. In the bigger
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India has advocated for a global crypto framework for years despite its own crypto ecosystem still lacking a clear regulatory framework and simpler taxation. 11912 Total views 45 Total shares Indian Prime Minister Narendra Modi has called for global collaboration on formulating crypto regulations during the annual Group of 20 (G20) summit. As president of
29 Aug: Weekend Wrap: Bitcoin may return to $10Ok, warns McGlone, Aptos buddies with Lotte and extra
‘Global economic reset’ could push Bitcoin to 2020 levelsA potential “global economic reset” could see the price of Bitcoin (BTC) pushed down to a level not seen since mid-2020, according to Bloomberg Intelligence senior macro strategist Mike McGlone.On Aug. 25, McGlone spoke to Kitco News suggesting that troubling economic indicators from China reportedly show signs
As the Bitcoin network hash rate tops 414 EH/s, miners are struggling to stay afloat amid plummeting profitability. 5350 Total views 35 Total shares Bitcoin mining revenue or “hash price” — a measure of dollars earned per TH/s per day — has slumped to levels not seen since the collapse of FTX in November 2022
Daily Pivots: (S1) 1.6796; (P) 1.6841; (R1) 1.6907; More… Intraday bias in EUR/AUD stays neutral at this point. And further rally is in favor with 1.6737 support intact. On the upside, firm break of 1.7062 resistance will resume larger up trend to 1.7377 projection level next. However, firm break of 1.6737 will bring deeper pull
Daily Pivots: (S1) 0.9541; (P) 0.9555; (R1) 0.9565; More… Range trading continues in EUR/CHF and intraday bias remains neutral at this point. Further decline is expected as long as 0.9599 resistance. Break of 0.9513 will target 61.8% projection of 0.9840 to 0.9520 from 0.9646 at 0.9448. In the bigger picture, medium term outlook is staying
Daily Pivots: (S1) 0.8567; (P) 0.8576; (R1) 0.8592; More… Intraday bias in EUR/GBP remains mildly on the upside as rebound from 0.8491 is extending higher today. Still, overall outlook will stay bearish as long as 0.8667 resistance holds. That is, larger down trend from 0.8977 is in favor to continue. Below 0.8559 minor support will