Daily Pivots: (S1) 181.54; (P) 182.40; (R1) 183.03; More… Intraday bias in GBP/JPY remains neutral at this point, but outlook is unchanged. Corrective pattern from 183.99 should have completed with three waves down to 176.29. Above 183.23 will target 183.99 resistance first. Decisive break there will resume larger up trend. However, break of 180.85 will
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The report compares Bitcoin energy usage to that of clothes dryers (equal) and its emissions to those of manure (much less) in a slight but readable document. 3917 Total views 8 Total shares KPMG has released a report on Bitcoin and ESG (environment, social and governance) issues. The Big Four professional services firm found that
Ratings agency Fitch downgraded the United States’ long-term credit rating from AAA to AA+ on Aug. 1, and this move dented the risk-on sentiment. The U.S. equities markets witnessed profit-booking on Aug. 2, and the cryptocurrency market’s recovery stalled in its tracks.However, after the knee-jerk reaction, the markets may settle down. The cryptocurrency markets are
Bitcoin (BTC) faces a “breakdown” and distribution despite a new macroeconomic paradigm being around the corner.That was one of the conclusions of quantitative Bitcoin and digital asset fund Capriole Investments, which, in its latest update, warned that Bitcoin was “not yet” ready to flip bullish.Capriole: Bitcoin fundamentals say “not yet”United States equities are booming, and
Chinese police is on the hunt for Web3 cofounders — and their money. Gov’t lead blockchain efforts continue in the Mainland. Meanwhile, South Korea mandates insurance protection for crypto exchanges. by Zhiyuan Sun 5 min August 1, 2023 Share Tweet Share Share According to one insider, Chinese police are after Web3 co-founders, not to serve
Daily Pivots: (S1) 1.6633; (P) 1.6683; (R1) 1.6780; More… Intraday bias in EUR/AUD stays on the upside for retesting 1.6785 high. Decisive break there will resume larger up trend to 1.7377 projection level next. On the downside, break of 1.6587 minor support will delay the bullish case and turn intraday bias neutral first. In the
Daily Pivots: (S1) 0.9573; (P) 0.9611; (R1) 0.9637; More… Intraday bias in EUR/CHF is turned neutral with 4H MACD crossed below signal line. Also, with 0.9670 support turned resistance intact, near term outlook stays bearish for further decline. Break of 0.9520 will resume the fall from 1.0095 towards 0.9407 low. Nevertheless, sustained break of 0.9670