XBTFX

XBTFX

After two very good weeks for XRP, the coin was traded in a relatively calm mode during the previous week. In line with the general market sentiment, selling orders were dominant, so the coin reverted a bit to the downside, testing $0.5 support line during the whole week. Release of the US inflation data on Friday, increased market nervousness, when the price was...

XBTFX

The price of Ether continues to lose its strength for the last few weeks. Luckily, total trading volumes on the crypto markets have significantly decreased, which is the main reason why the price still manages to hold above $1.3K levels. Still, the pressures to the downside remain strong. During the previous week ETH was mostly traded between levels of $1.340 down...

XBTFX

The US macro data officially published for September shows that inflation is slowing down. Although this might be a positive signal for markets, still, the modest slowdown of 0.1% in September does not provide clear evidence that the FED will not further increase interest rates at its next meeting, at least per opinion of many economists. Due to this uncertainty,...

XBTFX

Last week in the news Inflation figures were in the market spotlight during the previous week. Although the US prices are slowing down the increase, they were still modestly above market estimate during September. The US equity market finished another week with negative sentiment, while the crypto market continues to trade flat compared to the week before....

XBTFX

There has been some positive news for Chainlink during the previous week, as news reported that Two Sigma Securities, one of the leading crypto hedge funds, will start cooperation with Chainlink by providing data, which includes swaps, options and other information related to derivatives. At the same time, there has not been a market reaction on the price of the...

XBTFX

Although we have used to see tiny moves from ADA, during the previous week the coin outperformed itself. During the whole week the price of the coin was moving in a range of 2 points, between $0.41 and $0.43. The positive side of it is that the support line at $0.40 is holding strongly since the mid of May this year. In line with spot market moves, the RSI was...

XBTFX

Since the beginning of August this year, BNB was testing the $300 resistance line, but without market strength to clearly break this level. Same situation was during the previous week. Another attempt, without success, due to general market reluctance to enter into riskier assets due to an unstable macroeconomic environment. During the week the coin was moving...

XBTFX

It was another good week for XRP. The price of the coin was traded with a clear uptrend during the whole week. Price started at level around $0.43 and ended the week by testing the resistance line at $0.50. Buying orders were dominating the market. Although two weeks ago, the market reached a clear overbought level, it seems like it is still not ready for a clear...

XBTFX

In line with general market sentiment, the price of ETH was moving in a relatively flat mode during the previous week. ETH started the week above the level of $1.260 and soon the price was pushed to the upside and again to the levels around $1.350. Highest level reached during the week was $1.385, while ETH is ending the week with prevailing selling orders, around...

XBTFX

It was a second flat week for the Bitcoin and the crypto market. Macroeconomic data in the US are weakening, but not at such peace, which would imply for FED to slow down the tightening of the monetary policy. Latest US job market data, released on Friday, showed a slowdown in job creation in the US, however, on the other side, average hourly earnings rose by 0.3%...

XBTFX

Last week in the news The negative trend on the US equity markets continued after the output of jobs figures on Friday. It looks like the FOMC measures are starting to reflect in the real economy. The crypto markets continue to be side traded, with Bitcoin ending the week modestly below $20K, while Ether is still holding above $1.3K. Based on Friday`s data it...

XBTFX

Despite increased investors interest for LINK, during the previous week the coin modestly reverted to the downside. Highest weekly level reached was $8.5, however, there has not been market strength to reach the $9 long term resistance line. At the same time, a short reversal to the downside was up to the level of $7.3, still above $7.0 support line. Market...

XBTFX

The price pressures to the downside, after the implementation of the Vasil fork, continued during the previous week. Considering significantly decreased daily trading volumes, the price move to the downside could not be significant. ADA started the previous week above $0.45 support line and during the week reached minimum level at $0.42. Support line at $0.40 has...

XBTFX

Due to general negative macroeconomic sentiment, markets spent the previous week in a relatively flat mood. In such an environment, BNB could not make any significant move to either side, instead, the coin was holding close to $300 resistance, but far away from the $250 support line. The price range in which BNB was traded was relatively tight, moving between...

XBTFX

Two weeks ago RSI reached a clear overbought side on news of a potential resolution of the Ripple Labs dispute with the SEC, so some short term price reversal was expected during the previous week. At the start of the week XRP tried to test highs for one more time, reaching its highest weekly level at $0.5 resistance line, and soon reverted back, to the downside,...

XBTFX

News that ETHPoW might be perceived as a security by the US SEC rules, are still impacting the price of Ether. Although the price was relatively flat during the previous week, pressures to the downside remained during the whole week, which was also reflected in ETH future prices. On the other hand, the general macro environment continues to be unstable, which are...

XBTFX

Although the previous week was sort of short relief on the crypto market, risks coming from the macroeconomic environment are still holding. During the previous week, the PCE indicator for August was published, showing that the inflation would most probably continue to rise, despite measures already taken by the FED. This adds to the investor’s negative sentiment...

XBTFX

Last week in the news The US equity market finished another week in the red, after published PCE data for August showed that inflation is still not at its peak. This indicator is closely watched by the FED for better approximation of inflation, in which sense, some further monetary reaction from FED is most probable. Crypto market had a relatively flat week,...