Pair slides below 1.0300, indicators lose steam

EUR/USD declines by 0.48% on Wednesday, settling near 1.0295 after failing to break above the 20-day SMA. RSI falls sharply to 39 in negative territory, revealing intensified selling pressure. MACD histogram prints decreasing green bars, suggesting waning bullish momentum and a renewed downside tilt. EUR/USD struggled on Wednesday, shedding 0.48% to trade around 1.0295. This … Read more

Bitcoin Technical Analysis: Bulls Face an Uphill Battle as Resistance Looms at $98,000

Bitcoin is trading at $94,790 to $95,277 over the two hours with a market cap of $1.88 trillion, 24-hour volume of $67.64 billion, and a 24-hour intraday range between $94,511 and $98,202. Bitcoin Bitcoin‘s hourly chart indicates a recent steep decline from $102,017, with support forming near $94,500, suggesting a period of potential accumulation. Resistance … Read more

South Korea’s crypto market poised for change with new institutional guidelines

South Korea is reportedly preparing to relax its restrictions on crypto trading for institutional investors, signaling a significant shift in the country’s approach to digital asset regulation. Local media outlet Yonhap reported on Jan. 8 that the country’s Financial Services Commission (FSC) will introduce phased regulatory changes to enable institutions to participate in crypto trading. … Read more