Bitcoin’s ‘illiquid’ supply soars to new all-time high near 15 million tokens
Bitcoin’s illiquid supply has surged to a new all-time high, nearing 15 million tokens as more investors continue to hold their assets amid ongoing market volatility. The increasing illiquidity of Bitcoin, a metric that tracks coins that haven’t moved in over a year, underscores the growing confidence among long-term holders, despite fluctuations in the broader […]
ECB’s Kazaks pushes for further rate cuts as inflation eases
The EUR/USD pair continued to decline on Monday, falling below the 1.0550 mark as traders waited for important updates, including European Central Bank (ECB) President Christine Lagarde’s speech and US PMI data. The Euro struggled, weighed down by a stronger US Dollar and rising concerns about global economic uncertainty. Before Lagarde’s speech, markets were focusing on how the […]
Gold drops as USD strengthens, snapping four-day winning streak
Gold prices have stalled near $2,640 per ounce, struggling to break out of a narrow range as mixed market signals leave investors cautious. Despite its status as a safe-haven asset, subdued appetite reflects traders’ focus on upcoming U.S. economic data and Federal Reserve policy decisions. Many are awaiting fresh catalysts to determine whether the metal […]
3 promising penny stocks under $4B market cap poised for growth
Penny stocks often lure adventurous investors with the promise of outsized returns, and three under-the-radar companies with market caps below $4 billion are showing potential in high-growth sectors. In renewable energy, a solar innovator has secured a $50 million utility contract, laying the groundwork for a projected 20% annual growth rate as demand for clean […]
Forex Today: Focus shifts to US JOLTs report and Fedspeak
The forex market is bracing for key insights from the US Job Openings and Labor Turnover Survey (JOLTs), a critical barometer of labor market strength, as traders weigh the Federal Reserve’s future policy moves. With the labor market’s resilience being a major factor in the Fed’s decision-making, the JOLTs data is set to influence the […]
Gold price seems vulnerable on broad-based USD strength
Gold prices have recently experienced a downturn, influenced by a strengthening U.S. dollar and shifting investor sentiment. After reaching a record high of $2,800.80 per ounce on October 30, gold futures have declined to $2,572.90 per ounce, marking a significant decrease. The U.S. dollar’s appreciation is largely due to expectations of a more restrictive monetary […]
Japan crypto exchange DMM Bitcoin is set to liquidate
Japanese cryptocurrency exchange DMM Bitcoin has announced plans to liquidate its operations after suffering a significant security breach earlier this year. In May, the exchange experienced an unauthorized leak resulting in the loss of approximately 4,502.9 Bitcoin, valued at around $320 million at the time. Following the incident, DMM Bitcoin attempted to compensate affected users […]
Japanese yen weakens as US bond yields rise, boosting USD demand
The Japanese Yen continues to face downward pressure, maintaining its negative bias as rising US bond yields spark renewed demand for the US Dollar. The yen, which had briefly gained ground last week, has since retreated sharply against the USD, following a surge in Treasury yields that has renewed investor confidence in the dollar. The […]
ECB’s Lane: At some point, policy needs to be driven by upcoming risks
The European Central Bank (ECB) may soon adjust its monetary policy to address mounting risks, according to Chief Economist Philip Lane. In remarks made on December 2, Lane emphasized the need for a shift in policy direction, suggesting that future decisions should be increasingly driven by emerging risks rather than solely by current economic conditions. […]
Australian Dollar soft due to trade war fears between China and the US
The Australian Dollar (AUD) has softened in recent trading, as growing trade war concerns between China and the United States dampen investor sentiment. With both global powers engaged in a tug-of-war over tariffs and trade policies, the Australian Dollar, which is sensitive to these economic tensions due to Australia’s strong trade links with China, has […]