It’s been a tumultuous few weeks for Bitcoin and other cryptocurrencies as the war in Ukraine has been both a positive and a negative driving force for digital currencies. But the deepening rout in equity markets is threatening to undo Bitcoin’s 46% rebound from its January trough as the $38,000 support was tested again. A […]
The post Bitcoin Fails to Rreclaim $40,000 Level as Stocks Selloff Drags Cryptos Lower appeared first on Action Forex.
Market picture Crypto market capitalisation has returned to below $3 trillion to $2.95 trillion, losing around 0.8% in the last 24 hours and down 1% in seven days. The selling looks like short-term profit taking Read more…
We expect the Fed to maintain its monetary policy unchanged in the May meeting, in line with consensus and market pricing. The Fed will not publish updated economic projections. While we expect the Fed to Read more…
As shown on the XBR/USD chart, Brent crude oil opened this Monday morning around $59.00, forming a bearish gap relative to Friday’s closing price of approximately $61.40. The current Brent crude oil price is near Read more…