by OverviewFX | Apr 29, 2024 | Cryptocurrency
Daily bitcoinBitcoin is under pressure today, though it’s off the lows. It’s down 2% to $62,750 after trading as much as $1000 lower and to the worst levels since April 19. That was the day before the halving, which hasn’t been the catalyst that...
by OverviewFX | Apr 29, 2024 | Cryptocurrency
Swiss National Bank Chairman Thomas Jordan spoke on Friday, saying the SNB remains wary about buying bitcoins.His remarks come in response to this:The Swiss National Bank (SNB) is being urged to include cryptocurrency in their reservesie. a call from campaigners to...
by OverviewFX | Apr 24, 2024 | Cryptocurrency
Bitcoin is now down 3.3% on the day, or $2200, to $64,150. Virtually all of the selling has been since the start of the US session and points to some broader angst in risk assets.It climbed earlier in the week after the halvening but stalled out yesterday and is now...
by OverviewFX | Apr 24, 2024 | Cryptocurrency
Analysts at Standard Chartered had previously been tipping U.S. Securities and Exchange Commission (SEC) approval for Ethereum exchange-traded funds as soon as May. But, no longer:”We had previously expected the SEC to approve ETH ETFs on May 23,”...
by OverviewFX | Apr 23, 2024 | Cryptocurrency
A couple of snippets on oil.1. Barclays says risks to its forecast USD 90/bbl Brent fair value estimate for this year are skewed to the upside. 2. Venezuela is working to shift its oil sales to digital currency. This comes asoil sanctions are set to be reimposed....
by OverviewFX | Apr 22, 2024 | Cryptocurrency
The halving took place once block number 840,000 was mined. This happened early in the weekend. The halving has reduced the Bitcoin block mining reward to 3.125 Bitcoins (new Bitcoins are introduced into circulation through these mining rewards.).Finance Magnates had...
