Weekly Cryptonews

Weekly Cryptonews

Michael Novogratz, the founder of Galaxy Digital: "We have gone from, you know, crypto as an experiment, is it real? Is it tulips? Crypto is going to be a substantial part of the financial and consumer infrastructure of the world."

Bulls finally gave up their positions. The price for Bitcoin bounced from the resistance at $8,900 and started to fall down. Despite yesterday's bullish surge, which helped them to test the $9,075 level, bears came out to be stronger. At the moment, the price for the oldest crypto is testing the support at $7,970. The next support lies at $7,660. If bulls make attempt to push Bitcoin's price higher once again, they will reach the resistance at $8,500. The next key level is placed at $8,733.

New announces:

·        Zcash developers released Zepio crypto wallet with anonymous transactions.

·        Yahoo-backed exchange platform Taotao was launched in Japan.

·        EOS is expected to make a big announcement on June 1. Get ready for volatility.

·        Tron revealed new BitTorrent file system.


·        Authorities of Egypt plan to lift the ban on crypto and allow licensed crypto companies to work in the country.

No comments:

·        Chinese Wei Liu claimed to be the founder of Bitcoin. This is the second attempt to get copyright registration for the Satoshi Nakamoto’s invention. The first one belongs to Craig Wright.

·        The price of Bitcoin SV pumped and dumped after scammers claimed its creator is actually Satoshi Nakamoto.

Current prices (last update 6:40 MT time):

Bitcoin – $8,401

DASH - $163.14

Litecoin – $110.11

Ethereum – $260.10


Gold and USD ahead of the Fed
Gold and USD ahead of the Fed

Yesterday, the release of the US Inflation rate came out lower than the forecasts (0.1% vs. 0.3%). The soft figures pulled the US dollar index down by almost 1%. At the same time, S&P500, EURUSD, and gold strengthened. Today, the Fed will hold a meeting at 21:00 GMT+3. The Federal Reserve is widely expected to raise the interest rate by 50 basis points.

Traders Should Know About These Releases
Traders Should Know About These Releases

The G20 summit and the US PPI release gave us a lot of volatility to trade on. Luckily, today’s markets may be even more volatile with new vital releases and geopolitical decisions. The daily news report will surely help you!

Latest news

Market Crash Incoming?
Market Crash Incoming?

This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

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