Crude oil prices fell and the Canadian dollar (CAD) took a big hit. WTI crude oil fell below $74 per barrel. Canada experienced a large rise in housing starts in October, while initial jobless claims in the United States dampened market sentiment. Interestingly, history is repeating itself, with previous cases dating back to late March 2022. U.S. oil prices were down 8% and CAD was dancing in a range of 1.2474 to 1.2567 against the dollar. It was down 0.7%. We go on to establish how commodity markets can disrupt the movement of the CAD against the USD. The Role…
Author: Crypto Flexs
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join us telegram A channel to stay up to date on breaking news coverage The global cryptocurrency market experienced a slight downturn, with overall market capitalization dropping 0.73% to $1.53 trillion. However, amidst this decline, the market has witnessed a significant surge in trading activity over the last 24 hours. It allows the leverage of the next cryptocurrency to rise explosively. According to recent data, the total trading volume in the cryptocurrency space surged to $87.2 billion, an impressive increase of 48.78% in one day. The decentralized finance sector in particular contributed significantly to this surge, accounting for a total…
Bitget Launches TraderPro Program with Zero Investment, Double Profit Rewards – Chainwire housenewsroomBitget Launches TraderPro Program with Zero Investment, Double Profit Rewards We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or access is necessary for the legitimate purpose of…
Bitcoin (BTC) price fluctuated around $42,000 on December 5 and has continued to show strength since Jerome Powell’s interest rate remarks last week.Bitcoin and gold prices soar on expectations of interest rate cutBTC price started the new week above $41,400 for the first time in 17 months. This gave the cryptocurrency a boost in the gold market, its traditional safe haven rival, where prices rose to record highs on December 1.BTC/USD vs. Gold daily price performance. Source: TradingView Expectations of an interest rate cut may have been the common denominator in the rise in Bitcoin and gold prices this week.…
Cryptocurrency Investor Ryan Sean Adams assert As of December 4, Ethereum (ETH)’s current value of around $2,200 is said to be almost “interesting” considering the intensified on-chain activity and blockchain’s role in that space. Venture Capitalist: Here’s Why Ethereum Is Vastly Undervalued Adams cited data such as the first smart contract platform generating billions of dollars in annual “gas” fees and turning into deflation after the merger in September 2021. million validators By staking, you can receive rewards of 5% or more. Moreover, the venture capitalist pointed to the possibility of the U.S. Securities and Exchange Commission (SEC) approving a…
One prominent cryptocurrency analyst believes that Ethereum (ETH) rival Solana (SOL) could hit an all-time high within the next year. pseudonymous trader known as Inmortal stock A chart featuring 202,700 followers on social media platform Inmortal’s chart predicts that the sixth-largest cryptocurrency asset by market capitalization will jump to around $100 later this year and then realize most of its gains in the second half of 2024. Source: Immortal/X SOL is trading at $60.81 and is down more than 3% in the last 24 hours. According to CoinGecko, the Ethereum competitor’s all-time high of around $260 was hit in November…
Open interest in Bitcoin (BTC) futures on the global derivatives giant Chicago Mercantile Exchange (CME) has reached $5.2 billion, $200 million less than the all-time high reached in late October 2021.Open interest in CME’s Bitcoin futures increased from $3.63 billion to $5.2 billion over the past 30 days, according to Coinglass data. The surge in open interest paralleled Bitcoin’s 26% rise over the same period, with Bitcoin currently trading at just over $44,000.CME’s Bitcoin futures open interest reached $5.2 billion on December 6. Source: CoinglassFrom October 1 to 21, 2021, CME’s Bitcoin futures open interest jumped from $1.46 billion to…
Weekly Update #32December 5, 2023password trackingMark Collins & Demetrius TSEASregulation:Korea National Pension Fund invests $20 million in Coinbase stock: November 16th at the National Pension Service Korea’s National Pension Fund (NPF) is According to reports According to local media, nearly $20 million worth of Coinbase (COIN) stock was purchased in the third quarter. News 1. NPF said it is the world’s third-largest pension under management by 2023. $775 billion.New Zealand Dollar Fixed stablecoinStablecoins can also be privately issued cryptocurrencies or algorithms. Start live: New Zealand-based Easy Crypto launched on November 22nd NZDD Stablecoin, Issuer ECDD Company Ltd., linked one-to-one with…
Crypto.com’s Dubai entity grants VASP licenseCrypto.com’s Dubai entity, CRO DAX Middle East FZE, has been granted a Virtual Asset Service Provider (VASP) license by Dubai regulators and is awaiting approval to operate. The license allows the company to provide exchange, broker-dealer, lending and borrowing services to both retail and institutional investors.Regulatory cooperation in DubaiCrypto.com CEO Kris Marszalek expressed his expectation to work with Dubai regulators to contribute to the city’s cryptocurrency industry. He emphasized that Dubai is a leading market in designing effective regulations and emphasized the company’s commitment to operating within the regulatory framework.Dubai, a cryptocurrency-friendly destinationDubai has emerged…
Posted 1 minute ago In ~ Did we come early?This is a question that cryptocurrency market participants ponder during each cycle, as each cycle brings its own indicators of the end. The biggest sign for me personally was when I was in a barbershop in Los Angeles. A barber was explaining why he was moving all his coins from Coinbase to an exchange I had never heard of. In fact, in the general world, cryptocurrency buzz always seems like a good sign of a market bubble. Cryptocurrency seems great right now. As my friend Jim Greco said in a recent…