Kaugnay na produkto： Forex

Pagsusuri ng merkado： EUR/USD ANALYSIS ECB gives support to Euro. China aids dollar weakness.

Kaugnay na produkto： Forex,Kalakal,Langis ng Crude

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Kaugnay na produkto： Forex

Pagsusuri ng merkado： Dogecoin cheers coinbase listing as Bitcoin’s range play continues. Dogecoin (DOGE (+22.27%)), the meme cryptocurrency, is rallying in the wake of a new exchange listing while bitcoin (BTC, +2.98%) remains confined in a narrowing price range, having shaken out newbies and small investors with a 35% price crash in May. Bitcoin is changing hands near $37,200 – up 1% on the day, according to CoinDesk 20 data. Prices hit lows near $35,000 during Asian hours. The cryptocurrency has carved out a triangular price pattern on technical charts, representing higher lows and lower highs over the past two weeks. The direction of the breakout would set the tone for the next move in cryptocurrency. According to on-chain analyst Willy Woo, the cryptocurrency is trading well below its fair value. Thus, a price bounce cannot be ruled out. In contrast, JPMorgan analysts foresee another leg lower before stability and recovery. Bitcoin fell from $58,000 to nearly $30,000 in the eight days to May 19. Dogecoin is trading at 12-day highs above 32 cents, representing a 5% gain on the day. The cryptocurrency has risen by 18% in the past 24 hours. Coinbase's decision to add dogecoin to its professional trading platform seems to have buoyed the Shiba Inu-themed cryptocurrency. The new listing exposes DOGE to a new breed of investors. Coinbase debuted on Nasdaq on April 14 and is considered synonymous with high net worth investors.

Kaugnay na produkto： Forex

Pagsusuri ng merkado： Bitcoin's price is not the only number going up. As Bitcoin (BTC) set another new all-time high earlier this month at over $61K, its price has gotten many people talking. With large players entering the market every other day from Visa and Mastercard to Tesla, BNY Mellon, Morgan Stanley, and Meitu, institutional adoption has been firmly confirmed. Add to that unprecedented monetary dilution to fund fiscal stimuli that's eroding the value of fiat currencies and we have the perfect storm for BTC price to take off in earnest. But that's not the only number going up. Bitcoin hash rate registered its highest ever As BTC price (at the time of writing) looks to be recoiling to surpass the $60K barrier once more after the Federal Reserve announced it would likely keep its monetary policy loose with interest rates close to zero until at least 2023, BTC hash rate is also hovering near its all-time high of over 160 million TH/s, according to Blockchain.com.

Kaugnay na produkto： Forex

Pagsusuri ng merkado： Grayscale commits to converting GBTC into Bitcoin ETF as fund dominance declines. Grayscale announced its commitment to convert its Bitcoin trust to a Bitcoin exchange-traded fund when the US regulatory environment allows. With the conversion of GBTC into an ETF, fees will be lowered, allowing institutions to get exposure to the leading cryptocurrency. Since three Bitcoin ETFs were approved in Canada, Grayscale’s fund dominance has been in decline. Grayscale recently announced that it would convert its Bitcoin trust to an exchange-traded fund when the regulatory environment in the United States starts to warm up to Bitcoin exchange-traded funds (ETFs). GBTC conversion could make it the most liquid commodity ETF The US has not approved of any Bitcoin ETFs so far. Having submitted an application for a Bitcoin ETF in 2016, investment giant Grayscale revealed that launching this product was its goal from the start. The US has not approved of any Bitcoin ETFs so far. Having submitted an application for a Bitcoin ETF in 2016, investment giant Grayscale revealed that launching this product was its goal from the start. After the application, Grayscale was also in discussions with the US Securities & Exchange Commission for most of 2017. The investment company eventually withdrew its application because it believed “the regulatory environment for digital assets had not advanced to the point where such a product could successfully be brought to market.” Grayscale explained that each of its trusts has a particular life cycle, and the final stage was for the conversion into an ETF. The first part of its life cycle kicked off with the launch of a private placement, where sales of stock shares or bonds are only available to pre-selected investors and institutions. The second phase then involves the trusts obtaining a public quotation on secondary markets, allowing exchanges to provide information on their shares. The third stage is to become regulated by the SEC. Currently, Grayscale Bitcoin Trust and Grayscale Ethereum Trust have reached this stage. ETFs allow institutional investors to get exposure to the asset’s volatility without holding the underlying asset. The firm stated: With the conversion of GBTC to a Bitcoin ETF, shareholders will no longer have to endure a six-month lockup or a 2% annual management fee. This could bring the trust more in line with the net asset value (NAV) of Bitcoin, according to James Seyffart, an ETF research analyst at Bloomberg Intelligence.

Kaugnay na produkto： Forex

Pagsusuri ng merkado： Theta Price Prediction: THETA beginning a deep correction CRYPTOS | 4/2/2021 12:27:39 AM GMT Share on Twitter Share on Facebook Share on Linkedin Theta price last reached five standard deviations above the mean last week. Historical precedent projects a decline of at least 45%. 10-week simple moving average (SMA) has stabilized price declines in the past. Theta price engineered a remarkable advance of 44,160% from the March 2020 low to the March high. What makes it even more impressive is that the price has found constant support at or around the 10-week SMA since April 2020. Additionally, THETA traded five standard deviations (StdDEV) above the mean (40-week SMA) in March, putting traders on alert that a correction was near. Theta price climbed 290% in March Measuring the distance from the price to a moving average is a valuable tool to identify periods of extreme deviation that the naked eye can’t always pick up. In the case of THETA, the digital token has exceeded five standard deviations from the 40-week SMA just four weeks since the March 2020 low, including last week. In May 2020, THETA reached more than five standard deviations above the mean for two straight weeks. The other time this occurred was in December 2020. In May, the altcoin crashed 65% but did find support at the 10-week SMA. Later in December, THETA dropped almost 45% but bottomed above the 10-week SMA. Based on the previous percentages and averaging out the two to equal 55%, THETA could fall to $7.06, basically a decline of 40% from price at the time of writing. A test of the 10-week SMA would be an almost 50% decline from the current price and 60% from the March high.