Ripple’s XRP eyes 45% rally as SEC may not follow through with appeal after Gensler’s resignation
Ripple’s XRP is showing potential for a significant rally, with analysts suggesting a possible 45% price increase. This optimism stems from speculation around the SEC’s reduced likelihood of pursuing an appeal in its ongoing case against Ripple, following Chair Gary Gensler’s rumored resignation. Market participants view this as a potential turning point in the prolonged […]
PBOC sets USD/CNY reference rate at 7.1942 vs. 7.1934 previous
The People’s Bank of China (PBOC) has set the USD/CNY reference rate at 7.1942, slightly higher than the previous 7.1934. This adjustment reflects cautious monetary policy amid global market uncertainty and highlights ongoing efforts to stabilize the yuan. The modest change in the reference rate suggests a measured approach as China navigates a slowing economy […]
Asian Stocks, Bitcoin Gain After Wall Street Rises: Markets Wrap
Asian stocks climbed on Wednesday, following Wall Street’s strong performance overnight as investors embraced signs of economic resilience. Japan’s Nikkei advanced 1.2%, while Hong Kong’s Hang Seng gained 0.8%, supported by robust earnings in the tech sector. Bitcoin also edged higher, trading near $37,500, reflecting improved risk appetite in digital assets. The uptick came as […]
Japan PM Ishiba prepares $90 billion stimulus package to boost economy further
Japan’s Prime Minister Shigeru Ishiba has announced a $90 billion stimulus package aimed at accelerating economic recovery and addressing the challenges posed by global uncertainties. The move comes as the government faces mounting pressure to support domestic consumption and sustain growth amid slowing exports and rising inflation concerns. This financial package will prioritize investments in […]
Crypto Today: XRP gains 10%, Solana and BTC hit new peaks as Gensler steps down January 20
Cryptocurrency markets saw a significant boost as Ripple’s XRP surged 10% on January 20, while Bitcoin and Solana hit new peaks. The rally followed an announcement of SEC Chair Gary Gensler’s resignation, stirring optimism among investors. Market analysts interpret Gensler’s exit as a potential pivot in regulatory policy, sparking fresh confidence across digital assets. Bitcoin […]
Gold Holds Four-Day Gain on Haven Demand and Dovish Fed Comments
Gold prices maintained their upward momentum for a fourth straight session, reflecting heightened demand for safe-haven assets as investors weighed Federal Reserve commentary suggesting a more cautious stance on interest rates. The metal rose modestly, driven by dovish remarks from Fed officials indicating that further rate hikes may not be imminent, despite persistent inflation concerns. […]
SOL rallies near all-time high upon news of SEC engaging with Solana ETF applications
Solana’s native token, SOL, has experienced a sharp rally, approaching its all-time high, following reports of the SEC engaging with ETF applications tied to the blockchain. The news has reignited investor optimism, signaling potential mainstream adoption of Solana’s ecosystem through institutional-grade financial products. The SEC’s engagement with Solana-linked ETFs is seen as a significant step […]
Japan’s National CPI rises 2.3% YoY in October, Core CPI rises more than expected
Japan’s consumer prices continued to rise in October, with the National CPI increasing 2.3% year-over-year, signaling persistent inflationary pressures. The core consumer price index, excluding volatile food prices, rose more than anticipated, underscoring the challenges faced by policymakers in achieving stable price growth amid fluctuating economic conditions. The higher-than-expected rise in the core CPI reflects […]
EUR/USD backslides on Thursday, tests new multi-month low
The EUR/USD pair slipped further on Thursday, testing new multi-month lows as the U.S. dollar continued its upward momentum. The euro faced pressure from weak economic data in the eurozone, while robust U.S. economic performance bolstered the greenback. This downward move highlights investor skepticism about the eurozone’s ability to match U.S. growth prospects in the […]
NZD/USD extends downside to near 0.5850 on stronger US Dollar, dovish RBNZ expectations
The NZD/USD pair extended its losses, dipping to 0.5850 as the US Dollar gained strength, supported by robust economic data and hawkish Federal Reserve expectations. Investors are increasingly positioning for a rate-holding stance by the Federal Reserve, which contrasts sharply with the dovish outlook surrounding the Reserve Bank of New Zealand (RBNZ). These diverging monetary […]