by OverviewFX | Mar 20, 2024 | Cryptocurrency
There has been some quick selling in ethereum after a Coindesk report saying that the Ethereum Foundation is under investigation by a ‘state authority’. The Ethereum Foundation – the Swiss non-profit organization at the heart of the Ethereum ecosystem – is...
by OverviewFX | Mar 20, 2024 | Cryptocurrency
Bloomberg is gated but CoinDesk have the piece up:Bloomberg analyst James Seyffart believes a spot ether exchange-traded fund won’t get approved in May. Seyffart and his colleague had previously seen a 35% chance that one or more of the issuers will receive a...
by OverviewFX | Mar 19, 2024 | Cryptocurrency
Ugly trading in Asia has led to big buys in the US.Bitcoin is up more than $3000 from the low in US trade of $62,328 and is trading at $65,681. Despite the huge pop, it’s still down 2.5% on the day as the market frets about ETF inflows and the latest buy (which...
by OverviewFX | Mar 19, 2024 | Cryptocurrency
Standard Chartered cite the surge of inflows, “sticky’ institutional flows, into exchange-traded funds (ETF) and say if inflows continue strongly then BTC will keep rising:“For 2024, the $150,000 level now looks likely” “For end-2024, we raise our...
by OverviewFX | Mar 18, 2024 | Cryptocurrency
The price of bitcoin as a a lot of up-and-down action today. However, a pattern that arising is sellers leaning against or near its falling 100-hour moving average. The moving average currently comes in at $68,142 and is now a key bias-defining level for the digital...
by OverviewFX | Mar 18, 2024 | Cryptocurrency
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
