USD/JPY Surge: Japan’s Currency Diplomat Change and Its Market Impact
The upcoming replacement of Japan’s top currency diplomat is fueling speculation about reduced intervention in the forex market, potentially driving USD/JPY to new highs.
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XRP at a Crossroads: Analyst Predicts Potential Downturn
Analyst Alessio Rastani suggests XRP may experience a significant price drop based on chart patterns, identifying crucial support and resistance levels to watch. He warns of a possible return to 2020 lows unless XRP breaks through key resistance points.
Litecoin Faces Downward Pressure Amid Waning Holder Interest
Litecoin’s price has taken a bearish turn after breaking below a key support level of $82.40, with on-chain data indicating holders are losing interest and confidence in the token.
UK’s Kroo Bank Bans Crypto Transactions to Curb Fraud
Kroo, a digital bank based in London, has announced a ban on cryptocurrency transactions for its customers starting May 30, 2024, citing rising online fraud and scams related to crypto.
Michael Saylor Embraces Ethereum ETFs
Michael Saylor, known as a Bitcoin evangelist, has surprisingly expressed support for Ethereum-based ETFs, suggesting they could boost institutional adoption of cryptocurrencies from 1% to potentially 5-10% of portfolios.
AI Crypto Trading Bots: Strategies for Effective Training and Risk Management
As AI-powered crypto trading bots gain popularity, traders must master the art of effective training and risk management to maximize profits while mitigating potential losses in the volatile cryptocurrency market.
SEC Approves Ethereum Spot ETFs, Paving the Way for Trading
In an unexpected move, the U.S. Securities and Exchange Commission (SEC) approved eight spot Ethereum ETFs, allowing issuers like BlackRock, Fidelity, and Grayscale to proceed with their Ethereum-based exchange-traded funds, pending registration statement approval.
Bitcoin Surges Past $70,000, Nearing ATH Amidst Crypto Frenzy
Bitcoin (BTC) reached $70,000 on Monday, marking its highest level in over a month, fueled by a surge in spot buying and spot BTC exchange-traded fund (ETF) purchasing.
Turmoil at Beribit Amid Russian Crypto Exchange Ban Rumors
Over 50 clients of the Russian crypto exchange Beribit attempted to stage a protest at the company’s office in Moscow, demanding the return of their funds amidst rumors of a potential crypto exchange ban in the country.
Victory Securities Unveils HK Bitcoin, Ether ETF Fees
Victory Securities, a Hong Kong-based investment firm, has revealed its proposed fees for upcoming Bitcoin and Ethereum ETFs, even before the official list of approved issuers is published by the Hong Kong Securities and Futures Commission.