Ripple bulls target new all-time high at $3.57 as WisdomTree files for XRP ETF
Ripple’s XRP has drawn renewed attention in the crypto market as WisdomTree’s filing for an XRP-focused ETF fuels optimism. The digital asset surged in trading, with investors anticipating a potential breakout to its all-time high of $3.57, last reached during the 2018 bull run. The ETF filing marks a significant step, reflecting growing institutional interest […]
PBOC sets USD/CNY reference rate at 7.1996 vs. 7.1865 previous
The People’s Bank of China (PBOC) set the USD/CNY reference rate at 7.1996, marking a slight increase from the previous 7.1865. The adjustment signals a potential strategic response to global market dynamics and domestic economic conditions as policymakers maintain a cautious approach to the yuan’s trajectory. This move comes as the Chinese central bank continues […]
Australian Dollar extends decline as Trump tariff concerns linger
The Australian Dollar continued its decline as market sentiment remained clouded by concerns over potential trade disruptions stemming from former U.S. President Donald Trump’s tariff policies. Lingering fears of renewed tariffs on Chinese imports, a major trading partner for Australia, weighed heavily on the currency. Traders are closely watching developments as speculation grows around the […]
EUR/USD backslides into 1.05 as Euro bids remain elusive
The EUR/USD fell below the 1.05 mark in a subdued trading session, reflecting persistent challenges for the euro as buyers remain cautious. A lack of positive drivers for the euro has kept demand weak, even as broader market sentiment stabilizes. Traders continue to assess the Federal Reserve’s stance on monetary tightening, which has lent consistent […]
Fed’s Williams: More rate cuts likely needed ‘over time’
Federal Reserve official John Williams hinted at more interest rate cuts in the future, emphasizing the need for gradual adjustments to maintain economic stability. Speaking on the broader economic outlook, Williams suggested that additional cuts might be necessary “over time” as the central bank continues to evaluate inflation and employment trends. Williams noted that while […]
Fed’s Bostic: Keeping ‘options open’ for December rate decision
Atlanta Federal Reserve President Raphael Bostic emphasized a cautious approach to upcoming monetary policy, stating the Fed must keep “options open” regarding December’s rate decision. While recent inflation data has shown encouraging signs, Bostic highlighted the importance of monitoring additional economic indicators before committing to any rate moves. Bostic’s comments come amid a backdrop of […]
Crypto Today: BTC halts at $98K, Microstrategy buys again as XRP, XMR, DASH emerge top gainers
Bitcoin’s rally halted at $98,000, signaling a brief consolidation after its recent surge. Market observers suggest this pause is natural following the cryptocurrency’s aggressive upward momentum. Meanwhile, Microstrategy made headlines again with another major purchase, adding to its already substantial Bitcoin holdings, further emphasizing its bullish stance. While Bitcoin’s movement grabbed attention, altcoins like XRP, […]