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– Former Goldman Sachs CEO Raoul Pal predicted significant growth for bitcoin and the cryptocurrency market in Q4 2024. Speaking on the podcast "The Wolf Of All Streets," the financier noted that risky assets like bitcoin usually rally during US presidential elections. "The final quarter of an...

CryptoNews of the Week – On Monday, 24th June, for the first time since 3rd May, the price of bitcoin fell below $60,000, reaching $58,468 at one point. Ethereum, meanwhile, dropped below $3,250. “The market is struggling to digest large sales,” Bloomberg quoted Caroline Mauron, head of Orbit...

CRYPTOCURRENCIES: Patience, Patience, and More Patience In the last review, we published a forecast by MN Capital founder Michael van de Poppe, who expected BTC/USD to fall to the $60,000-65,000 range. The analyst was essentially correct – the week's low was recorded on Friday, June 21, when...

USD/JPY: BoJ Rate Hike Chances Close to Zero At its meeting on June 13-14, the Bank of Japan (BoJ) kept the interest rate unchanged at 0.1%. Recall that in March this year, the central bank made a "bold" move by raising the rate for the first time since 2007 (it had been at a negative level...

Forex and Cryptocurrency Forecast for June 24 - 28, 2024 EUR/USD: Eurozone - Rising Inflation, Falling Economy As revised Eurostat data published on Monday, June 17, showed, inflation (CPI) in the 20 Eurozone countries accelerated to 2.6% (y/y) in May, compared to 2.4% in April when it was at...

CryptoNews of the Week – Bernstein analysts have raised the target price for the first cryptocurrency to $200,000 by the end of 2025, up from $150,000. This forecast is driven by expectations of "unprecedented demand from bitcoin-based spot exchange-traded funds managed by BlackRock...

CRYPTOCURRENCIES: The Present and Future of Bitcoin Depend on the USA In the absence of independent drivers, the crypto market has recently followed the dollar, which in turn follows the Fed, which follows the macro statistics from the USA. BTC/USD is like scales, with the main cryptocurrency...

GBP/USD: What Will the Bank of England Decide on 20 June? In autumn 2023, the BoE concluded that its monetary policy should remain tight for a prolonged period until inflation confidently stabilises at the target level of 2.0%. Based on this, despite a decrease in price pressure, at its meeting...

Forex and Cryptocurrency Forecast for 17 – 21 June 2024 EUR/USD: Hawkish Sentiments of the Fed As expected, the key day of last week was Wednesday, 12 June. After the publication of inflation data in the USA, the dollar came under strong pressure. Fresh figures showed that in May, the overall...

CryptoNews of the Week – The Republican candidate for the upcoming US elections, Donald Trump, has declared his intention to become the "cryptocurrency president." Speaking in San Francisco, he presented himself as a defender of digital assets and criticized Democrats' attempts to regulate...

CRYPTOCURRENCIES: What Drives and Will Drive Bitcoin Upwards The launch of spot bitcoin ETFs in January caused an explosive price increase for the leading cryptocurrency. On 12 March, inflows into these funds reached $1 billion, and by 13 March, BTC/USD set a new all-time high, rising to...

Forex and Cryptocurrency Forecast for 10 – 14 June 2024 EUR/USD: Who Controls the Financial Market It is clear that interest rates rule the markets, not only in terms of actual changes but also regarding expectations about the timing and magnitude of future changes. From spring 2022 to...

CryptoNews of the Week – The first cryptocurrency has once again risen above the $70,000 mark. The Hash Ribbons indicator is giving an “optimal signal” for buying digital gold in the coming weeks, suggesting a resumption of the asset’s rally, according to Capriole Investments founder Charles...

May Results: Top 3 NordFX Traders' Monthly Profit Approaches $200,000 The brokerage company NordFX has summarized the trading results of its clients for May 2024. The performance of social trading services, PAMM and CopyTrading, as well as the profit earned by the company's IB partners were...

CRYPTOCURRENCIES: Bullish and Bearish Ethereum Prospects For the second week, market participants' attention has been focused on the main altcoin. On 23 May, the US Securities and Exchange Commission (SEC) approved 19b-4 applications from eight issuers of spot exchange-traded funds based on...

USD/JPY: A Very Calm Week The past week was surprisingly calm for the yen. USD/JPY moved within a super-narrow sideways channel of 156.60-157.00 for the first half of the week, but then, amid US data and Japanese macro statistics, the trading range expanded slightly to 156.36-157.70. Compared...

Forex and Cryptocurrency Forecast for 03 – 07 June 2024 EUR/USD: Awaiting a Turbulent Week Recall that Monday, 27 May was a holiday in the US. However, on Tuesday, dollar bulls took control, and the DXY Index started to rise, bolstered by a significant increase in the US Consumer Confidence...

CryptoNews of the Week – On May 23, the U.S. Securities and Exchange Commission (SEC) approved form 19b-4 applications from eight issuers of spot Ethereum exchange-traded funds (ETFs). However, trading of ETH ETFs will only commence after the SEC signs the form S-1 statements. According to...

CRYPTOCURRENCIES: A Week Under the Ethereum Flag In 2024, the crypto community began gradually forgetting the term "crypto winter." However, there was no talk of a "crypto spring" either. After the halving on 12 April, in the absence of a bull rally, small traders and speculators began...

USD/JPY: Calmness, Ladies and Gentlemen, Just Calmness! For such a super-volatile pair as USD/JPY, the past week was surprisingly calm. There were no currency interventions, and verbal interventions were as usual – lots of words, little action. Thus, Japan's Finance Minister Shunichi Suzuki...