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Market Picture The cryptocurrency market corrected 0.5% to levels from a day earlier to $2.22 trillion, continuing to settle at the top near the previous month’s peak. As expected, cryptocurrency selling intensified near the previous peak. The cryptocurrency market will need to rise another nearly 3% to validate the breaking of the multi-month downtrend. Bitcoin’s […]

The post Bitcoin Keeps at Heights, Litecoin Pushes Back from Resistance appeared first on Action Forex.

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13/05/2024

Crypto Market Under Pressure from Bitcoin

Market picture Crypto market cap on Monday stands at $2.2 trillion, down 5.2% over seven days, although it showed some growth over the weekend. Local market capitalisation peaked on March 14th, but the active decline began about a month ago, with a sequence of lower lows and lower highs. During the previous week, the crypto […]
31/01/2024

Anything Less Than Mind-Blowing is Meh

We had good news, bad news and news that are fundamentally good for the economy and bad for the global rate cut expectations. Good news. The European economies performed better than expected last quarter. Spanish and Italian growth tempered the German contraction, fueled the idea that the Eurozone is also having a lighter version of […]
07/02/2024

Bitcoin is Looking at Stocks, and That’s Worrisome

Market picture The crypto market remains stable while waiting for further signals. The crypto cap is up 0.4% in 24 hours to $1.64 trillion. Bitcoin is trading at $42.7K – virtually unchanged in 24 hours, just 1.4% lower than a week ago and a 1.8% decrease over 30 days. Don’t think that the first cryptocurrency […]