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Market picture The cryptocurrency market is building capitalisation towards the 24-hour level, but it’s a relatively modest +0.6% to $2.51 trillion. That’s close to, but still below Tuesday’s highs. Bitcoin briefly topped $69K on Tuesday, setting a new all-time high, but has since corrected by more than 15%. The size, speed and nature of the […]

The post Bitcoin Spooked by Highs, Ethereum Still Climbing appeared first on Action Forex.

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30/01/2024

EUR Weakness May Endure In February

EURUSD, a major indicator of Euro’s strength, finds itself in a state of indecision, with sideways movement near 1.0850 following two consecutive weeks in negative territory. The absence of clear recovery signals in the near-term technical outlook reflects the cautious stance of market participants. As the pair navigates this period of uncertainty, all eyes are […]
15/02/2024

BTCUSD Explodes to More Than 2-Year High

BTCUSD goes parabolic after claiming 50-day SMA Jumps above 50,000 to a fresh more than 2-year peak Momentum indicators look extremely overbought BTCUSD (Bitcoin) has been experiencing a steep advance following its break above the 50-day simple moving average (SMA) on February 7. Within a week, the price violated its two-year peak of 49,051 and surged above […]
21/06/2024

Crypto Didn’t Dare to Grow

Market picture The crypto market failed to get on a growth path, with its capitalisation falling 1.5% to $2.35 trillion in the last 24 hours. Cryptocurrencies have had their wings clipped by the sell-off in equity markets, reflecting a downturn in risk appetite in global finance. Due to the link to traditional finance, the largest […]