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The BTC/USD chart shows the following: → Bitcoin’s all-time high is around $73,750 per coin, set on March 14, 2024, amid peak investor interest after the SEC approved a Bitcoin ETF on January 11. → This autumn, Bitcoin’s price is exhibiting positive momentum, partly fueled by the potential for Donald Trump to win the U.S. […]

The post Bitcoin Price Falls Short of Record High, Drops Below $70k appeared first on Action Forex.

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12/07/2024

Week Ahead – ECB Set to Hold Rates, Plethora of Data on the Way

ECB is not expected to cut in July but will it signal one for next meeting? Retail sales will be the main highlight in the United States UK CPI report will be vital for BoE’s August decision China GDP data to kickstart busy week ECB meets amid sticky inflation The European Central Bank concludes its […]
25/07/2024

Stock Routs Undermine the Image of Ethereum ETF Launch

Market picture The pressure on financial markets has spread to cryptocurrencies – the flip side of the long-desired easing of institutional access to the crypto market. The launch of the Ethereum ETF coincided with the most powerful drop in the Nasdaq index in months. The cryptocurrency market lost 3.5% in the last 24 hours, pulling […]
05/11/2024

Sunset Market Commentary

Markets In the run-up to tonight’s US elections there’s little appetite for markets to make additional big directional moves. If anything, US Treasuries and the dollar underperform. Positioning over the recent month, the Trump-trade, unveils a final market skew towards a Republican victory despite basically every prediction model showing it’s an extremely close call. Below […]