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BNBUSD Consolidates after a Bullish Breakout

03 Nov 2022 @ 06:59
BNBUSD has been on a downward trend since a significant high was formed at $689.0 in November. The market descended steadily below the moving averages (periods eighty-nine and two hundred). The market dipped as low as $186.9 this year. The ascent from the $186.0 demand level marked a breakout from the bearish channel in July. […]
 

GBP/USD Falls Further Below 1.1500 Due to USD Upside Correction

02 Nov 2022 @ 19:15
GBP/USD has been ranging near 1.1500 after yesterday’s (Tuesday’s) choppy action, while the market was trying to adjust to the Fed’s policy decisions. Also, the larger than anticipated JOLTS job opening data for September, plus the mild upbeat in the ISMs, and the PMI study for last month (October) assisted the USD to recover from […]
 

Factors Behind the Better Performance of Ethereum Than Bitcoin

02 Nov 2022 @ 11:16
The Cryptocurrency market has recovered more than 9% over the past weeks. This has raised the overall Capitalization to beyond $1 trillion once more. Meanwhile, some crypto has been doing well than others and Ethereum has been performing better than Bitcoin during the past week. Ethereum has moved up by 17% to its present price […]
 

Binance Establishes its 7th Branch in Ireland

01 Nov 2022 @ 19:15
Binance is the largest cryptocurrency exchange platform in the world and it is expanding its domains in Europe. On Monday, they set up another branch in Ireland. This will make the 7th firm that Binance has in Ireland. Initially, Binance targeted Ireland as the place to set up its headquarters for the whole of Europe, […]
 

Reason behind Binance Investing $500 Million into Elon Musk’s Twitter Deal

01 Nov 2022 @ 16:21
The biggest crypto exchange Binance was one of those giving financial aid to Elon Musk’s acquisition of Twitter. As a result, this has seen Binance investing $500 million into this deal. The CEO of Binance opines that this media platform will get rid of numerous issues, which includes spam remarks and fraud account. Twitter Ought […]
 

Vitalik Buterin Excited About the Delay of Numerous ETFs

01 Nov 2022 @ 16:17
The Joint Founder of Ethereum very recently considered cryptocurrency regulation, pointing out that he is kind of excited that regulators keep declining cryptocurrency exchange-traded funds proposals. In a more expanded controversial Twitter thread on October 30th, Vitalik reiterated that the cryptocurrency sector is still in its infancy of drawing institutional acceptance because it calls for...
 

EUR/USD Retraces Below 0.9900 Price Levels During Risk Avoidance Flow

01 Nov 2022 @ 04:12
EUR/USD was bought and sold near the 0.9920 price level during the opening of this week, following its closing at the 0.9965 price level three days ago (Friday). The money market commenced the week on a poor note during lukewarm Chinese data. Consequently, this indicates more economic regression in October. This can be seen as […]
 

How Does Blockchain Work?

31 Oct 2022 @ 21:17
The blockchain is made up of a network of computers, these computers are also known as nodes. Blockchain technology is a decentralized computer network used for financial transactions and this makes cheating and fraud impossible because every node on the blockchain network has an exact copy of the same ledger that contains financial deals between […]
 

BNBUSD Breaks Out of a Confined Zone

30 Oct 2022 @ 00:48
BNBUSD had been ranging between $337.0 and $257.0 price levels until the recent breakout. Before the emergence of the range market, prices were rallying upwards in an ascending channel. Shortly after the bounce off the $186.0 demand zone, the price surged upward and began to respect the ascending channel. The current trading range of the […]
 

Ethereum Bounces below the $1,600 Barrier Level as It Risks Decline

29 Oct 2022 @ 07:05
Key Highlights ETH/USD battles the resistance at $1,600 There is an imminent decline as Ether retests the resistance zone Ethereum (ETH) Current Statistics The current price: $1,580.53 Market Capitalization: $193,415,767,026 Trading Volume: $19,294,136,500 Key Resistance Zones: $2,500, $3,300, $4,000 Key Support Zones: $2,000, $1,500, $1,000 Ethereum (ETH) Price Analysis October 28, 2022...
 
 
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