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Bitcoin (BTC) faced a potentially volatile day on Jan. 18, with multiple macro triggers beginning to unsettle the outlook.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBoJ refuses to hikeData from Cointelegraph Markets Pro and TradingView showed BTC/USD holding firm above $21,000 on the day. The pair remained cool amid news from
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Bitcoin (BTC) shows the potential of stretching its ongoing price recovery to $25,000 by March, based on a mix of bullish technical and macro indicators.Bitcoin price exits descending channel rangeFirst, Bitcoin's potential to hit $25,000 comes from its exit from a prevailing descending channel range.A bull run or bull trap?—
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The exchange rate of the Egyptian pound versus the U.S. dollar fell to a new low on Jan. 11 after it tapped 32.14 per greenback. The currency’s latest significant depreciation came just a few months after it adopted a flexible exchange rate regime. According to the International Monetary Fund, the
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Claims trading platform Xclaim says it has doubled its pool of claims buyers due to interest in FTX. Original Source
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Brazilians are turning to stablecoins as a way of shielding themselves from the volatility of economic circumstances. This is happening now in the wake of the inauguration of the new government of Luis Inacio “Lula” Da Silva. According to statements coming from exchange executives, the trading volumes of stablecoins have
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"There is much interest in whether Chair Powell, who speaks at a Riksbank event, uses the opportunity to underscore the December minutes, which pushed back against the easing of financial conditions," one observer said. Original Source
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A stablecoin is a cryptocurrency that is pegged to a certain fiat currency. It provides stability for investors of crypto, making transactions easier. USDD, a stablecoin created by the founder of the Tron Blockchain, Justin Sun, has been losing its peg to the U.S. dollar. According to Coingecko, USDD is currently
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Economist Peter Schiff has predicted that the U.S. dollar will have “one of its worst years ever” in 2023, warning that the inflation problem is “about to get much worse.” He also shared his prediction about the worst-performing sectors of the stock market this year. Peter Schiff’s 2023 Economic Predictions Economist and
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Robert Kiyosaki says the time to buy gold and silver is now, predicting a stock market crash will send prices of the precious metals higher. In other news, the crypto community has been curious about the former Alameda Research co-CEO Sam Trabucco, and his whereabouts, as the guilty plea of
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Bitcoin (BTC) teased more volatility at the Dec. 30 Wall Street open with BTC/USD heading ever closer to $16,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewWill new year deliver "long-awaited volatility?"Data from Cryptox Markets Pro and TradingView showed BTC/USD wicking down to lows of $16,337 on Bitstamp.The pair had been gradually
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