Key points: Bitcoin continues to range around $103,000 as bulls struggle to keep upside momentum going. Traders favor short-term BTC price gains eventually returning, while overall faith in the bull market varies. Fed rate cuts seem increasingly far off despite encouraging inflation data. Bitcoin (BTC) hugged familiar territory around the May 14 Wall Street open … Read more
Super Micro Computer stock (NASDAQ: SMCI) is currently the most heavily-shorted equity in the benchmark S&P 500 index. At present, 17.5% of SMCI’s stock float has been sold short, as noted by trading education provider T3 Live in a May 14 X post. $SMCI Short Squeeze$SMCI is at $46 on news of a $20 billion … Read more
XRP is currently trading between $2.54 and $2.57 over the last hour, with a market capitalization of $150.38 billion. Over the past 24 hours, it has seen a trading volume of $5.6 billion and an intraday price range between $2.52 and $2.63. XRP On the 1-hour chart, XRP’s bullish momentum shows signs of exhaustion, despite … Read more
The US jobs market has continued to cool, ING’s FX analyst Francesco Pesole notes. EUR/GBP to break below 0.840 ahead of EU-UK trade talks “There hasn’t been any sign of material deterioration after the April employer tax hike, and wage growth remains too high to make the Bank of England shift to a faster gear … Read more
Summer Mersinger, one of four commissioners currently serving at the US financial regulatory body Commodity Futures Trading Commission (CFTC), will become the next CEO of the digital asset advocacy group the Blockchain Association (BA). In a May 14 notice, the Blockchain Association said its current CEO, Kristin Smith, would be stepping down for Mersinger on … Read more
South Korea’s leading cryptocurrency exchange Upbit has officially listed Nexspace (NXPC) in trading pairs with the Korean won (KRW), Bitcoin (BTC), and Tether (USDT), expanding access to the native token of the MapleStory Universe blockchain ecosystem. Upbit Lists Nexspace (NXPC) on KRW, BTC, and USDT Trading Pairs NXPC is the utility token of Henesys L1. … Read more
Opinion by: Mike Cahill, co-founder and CEO of Douro Labs Despite the institutional frenzy around crypto and the ubiquitous narrative of democratized access to investing, most of the world population is still barred from traditional wealth-building. Take the US, for example — here, the top 10% of earners own more than 90% of all stocks. … Read more
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Whale transfers suggest long-term holding or OTC trades, not immediate sell-side pressure. Retail investors continue profit-taking, pushing Exchange Netflow into positive territory. Over the past week, as Bitcoin [BTC] reclaimed $100k, whale activity has intensified from both the sell and buy sides. In the past 24 hours alone, Whale Alert flagged a massive 2,000 BTC … Read more
AUD/USD extends gains for a second day, nears the 0.6500 psychological mark. Australian wage growth beats expectations, supporting the AUD even as markets continue to price in an RBA rate cut. Weaker US CPI data drags the DXY below 100.00, pressuring the US Dollar. The Australian Dollar (AUD) strengthened further against the US Dollar (USD) … Read more