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Market Picture Crypto market capitalisation jumped 5% in 24 hours to $3.64 trillion. Optimism in the US stock market pushed Bitcoin above $100K, bringing buyers back into altcoins. The Cryptocurrency Sentiment Index returned to extreme greed territory at 83. Bitcoin climbed just above $101.5K, meeting solid resistance for the past seven days. Current levels are […]

The post Bitcoin and Ethereum on the Verge of Breaking Resistance appeared first on Action Forex.

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20/02/2024

Yen Bears Have a Good Chance of Reaching Lows Not Seen Since 1990

The Japanese yen is hovering near 150 per dollar, retreating from last week’s four-month highs of 151. The 150-152 area is hazardous for short-term traders, as this is the level from which the Japanese Ministry of Finance intervened in October 2022 and November 2023 to stop the currency from depreciating. However, it would be too […]
02/08/2024

Bitcoin Fends Off Bear Attack, Clinging to Levels

Market picture The crypto market lost 0.75% in 24 hours to $2.29 trillion. A day earlier, we noted a decline in cryptocurrencies in contrast to the positivity in equities on Wednesday, and then synchronised selling prevailed on Thursday. Meanwhile, the sentiment index remains at 57 (greed). This is bad news for the market right now, […]
27/06/2024

Sunset Market Commentary

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