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Market Picture The crypto market has rallied nearly 2% over the past 24 hours to a $2.34 trillion cap, with the slippage at the start of the day pushing the figure to $2.38 trillion, a level last seen on June 20th. Bitcoin and Ethereum are testing their 50-day moving averages on Tuesday after retreating from […]

The post Bitcoin and Ethereum Test 50-Day MAs appeared first on Action Forex.

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05/06/2024

AUD/USD and NZD/USD Could Continue Higher

AUD/USD is correcting gains from the 0.6700 zone. NZD/USD is showing positive signs and might attempt a fresh increase above 0.6200. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar started a downside correction from 0.6700 against the US Dollar. There is a key bullish trend line forming with support at […]
15/05/2024

Matured Altcoins Losing Strength

Market Picture Neither the meme mania in equities, the overall positivity in stock indices, nor the weakening dollar seems to be helping cryptocurrencies right now. Crypto market capitalisation is down 0.1% and has been moving around the current $2.29 trillion level for the past seven days. Bitcoin is trading near $61.9K, forming a sequence of […]
21/12/2023

BTC/USD: News Reports Encourage Bulls to Attack the $44k Level

Optimism associated with the SEC regulator’s approval of applications to launch BTC-ETF is the main driver of Bitcoin price growth. Coindesk reports that representatives from BlackRock, Nasdaq and the Securities and Exchange Commission (SEC) met for the second time in a month to discuss rule changes required for the listing of an exchange-traded BTC-ETF. And […]