Market picture The crypto market plunged 3.6% in 24 hours to $2.17 trillion, its lowest level since late February. Triggered stop orders in this morning’s thinly liquid market added to the magnitude of the decline, sending Bitcoin briefly below $57.7K and Ethereum to $3150. Top altcoins are losing in a range from -0.7% (Tron) to […]
The post Bitcoin More Likely to Fall to $51.5K Than Rise to $65.8K appeared first on Action Forex.
Key Highlights Bitcoin price struggled to clear the $64,000 resistance zone. BTC faced hurdles near a key bearish trend line at $64,200 on the 4-hour chart. Oil prices rallied toward $78.80 before the bears appeared. Read more…
As widely expected, RBNZ cut its Official Cash Rate by 50bps to 4.75%. In its accompanying statement, the central bank emphasized that this move was deemed “appropriate” to achieve and maintain low, stable inflation while Read more…
Today the RBNZ cut the OCR by 50bps to 4.75%, meeting Westpac and market expectations. According to the RBNZ the economy is now in a position of excess capacity, encouraging price- and wage-setting to adjust Read more…