Will it Rebound from Here?

Tech  Rebound ba ito mula Dito?  8 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  The Cardano (ADA) price is trading slightly above diagonal and horizontal support after failing to sustain its increase due to a previous breakout.   Whether the price bounces or breaks down could be the catalyst that determines the future trends direction.  Cardano Price Bounces After Breakout  The daily time frame technical analysis shows that the ADA price outlook is positive for several reasons.  To start with, ADA recently broke out of a short-term descending resistance line that had been present since April 13. This breakout serves as a strong and clear bullish signal. It means that the bearish trend is over, and a new bullish trend has begun.  Furthermore, the price successfully reclaimed the $0.30 area, which is now expected to act as support. Even though the price has not bounced, transaction volume reached a 3-month peak as bulls defended the area.  Following the breakout, the price temporarily dropped but found support at both the previously mentioned resistance line and the $0.30 area before rebounding (green icon). If the bounce continues, the next resistance will be at $0.36, a 15% increase from the current price.  Pang-araw-araw na Tsart ng ADA/USDT. Pinagmulan: TradingView  Additionally, the daily Relative Strength

2023-07-28Industriya

ETH vs. SOL Altcoin Battle: Who Would Win The Bull Run Race?

crypto  Ethereum  ETH vs. SOL Altcoin Battle: Who Would Win The Bull Run Race?  2 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Potential investors and the community are closely watching the well-known two rivals of the crypto market — ETH and SOL.  Indicators show that ETH could experience a bullish trend soon as buyers gradually enter the market.  SOL shows signs of an early start which could be caused due its falling wedge pattern.  The crypto community is highly anticipating the cryptocurrency‘s state after the Fed Meeting. Among the many digital assets, potential investors and the community are closely watching the well-known rivals of the crypto market — ETH and SOL. Let’s take a closer look at these altcoins price sentiments over time.  Pagsusuri ng Presyo ng Ethereum  Looking at ETH/USDT 3-hour chart, the candlesticks are currently trading at $1,855, just below the Bollinger Bands middle line. In the mid-week of June, ETH, along with other altcoins, experienced a surge in their prices. This gigantic spike created the opportunity for ETH to cross beyond the $2,000 barrier.  However, ETH‘s residence in the $2,000 level was short as it was kicked out by the sudden raid led by the bears. The surprise attack weakened ETH’s price gradually and the altcoin struggled

2023-07-27Ethereum

Stocks making the biggest moves premarket: GOOGL, MSFT, PACW, SNAP

Pananalapi  Stocks making the biggest moves premarket: GOOGL, MSFT, PACW, SNAP  Balita ng Ethereum ng Bitcoin  Google headquarters in Mountain View, California, US, on Monday, Jan. 30, 2023. Alphabet Inc. is expected to release earnings figures on February 2.  Marlena Sloss | Bloomberg | Getty Images  — The Google parent popped more than 6% after topping Wall Streets second-quarter earnings expectations, fueled by growth in its cloud-computing segment. The company also announced that its chief financial officer, Ruth Porat, would step into a new role as president and chief investment officer.  — The software giant lost about 4% after reporting slowing revenue growth within its cloud business during its fiscal fourth quarter and called for lower-than-expected guidance. Microsoft, however, did beat Wall Streets estimates, reporting earnings of $2.69 per share on $56.19 billion in revenue. Analysts polled by Refinitiv anticipated earnings per share of $2.55 on revenue of $55.47 billion.  — Shares of the regional bank stock jumped more than 28% on news that it will be acquired by Banc of California to create a new firm called Pacific Western. Banc of California shares added about 6%.  — The Snapchat parent shed more than 18% after issuing weak guidance for the current quarter. Snap topped second-quarter expectations, reporting

2023-07-26Industriya

XAU/USD to gain on indications that Wednesday’s rate hike will be the last – Commerzbank

Economists at Commerzbank analyze how Wednesdays Fed meeting could impact Gold price.  Fed meeting in focus  How the Gold price develops in the coming weeks will be dictated to a considerable extent by the Feds further rate outlook following the expected rate hike.  If the Fed remains vague as regards its strategy for subsequent meetings, the market is likely to stick with its current rate hike expectations for now. This would preclude any price increase for the time being.  On the other hand, Gold is likely to gain and make a renewed bid for the July high if there are any clear indications that Wednesdays rate hike will indeed be the last in the current cycle.

2023-07-26Industriya

Heres what to expect from the Federal Reserve meeting Wednesday

WASHINGTON, DC – JUNE 21: Federal Reserve Chairman Jerome Powell testifies before the House Committee on Financial Services June 21, 2023 in Washington, D.C. Powell testified on the Federal Reserves Semi-Annual Monetary Policy Report during the hearing.  Manalo sa Mcnamee | Getty Images Balita | Getty Images  Despite an improving inflation picture, the Federal Reserve is expected on Wednesday to approve what would be the 11th interest rate increase since March 2022.  Investors are hoping it will be the last one for a long time.  Markets are pricing in an absolute certainty that the Fed will approve a quarter percentage point hike that will take its benchmark borrowing rate to a target range of 5.25%-5.5%. That would push the upper boundary of the federal funds rate to its highest level since January 2001.  The more pressing matter will be whether Federal Open Market Committee officials feel they‘ve gone far enough or if there’s still more work to do in the fight against pernicious inflation.  “The signal will probably be, yes, we‘re hiking, but then we think we can sit here for a while and see,” said Kathy Jones, chief fixed income strategist at Charles Schwab. “But no promises. They can’t give up the option.”  Indeed, the Feds

2023-07-26Industriya

FOMC preview: Brace for impact

As the upcoming FOMC meeting looms tomorrow, July 26, anticipation builds up around the Federal Reserves projected interest rate hike of another 25 basis points.  Market estimates attribute a near-certainty to this adjustment, assigning it a 99% probability. This increment would bring the federal funds rate to a range between 5.25 and 5.50 percent, aligning it with the peak rate witnessed in 2008.  Don Johnson‘s analysis suggests an unprecedented trajectory of the Federal Reserve’s actions in the current cycle. In his assessment, the rate hikes during this period have surpassed those implemented in earlier cycles, specifically those in 2018, 2006, 2000, 1995, 1989, 1987, 1984, 1982, and 1960.  The table below provides a comparative perspective on previous rate hiking schedules, showcasing the intensity and speed of the current rate hikes.  One of the most pressing concerns is whether the economy, laden with considerable debt, can withstand these swift and substantial adjustments.  Fed Hiking: (Source: Federal Reserve)

2023-07-26Industriya

Trader Makes Dogecoin (DOGE) Prediction Amid Elon Musk’s Twitter Rebrand – Here’s His Outlook

A widely followed crypto analyst is predicting that Elon Musk will spark a big Dogecoin (DOGE) move after he completes a rebrand of Twitter.  Pseudonymous analyst na si Kaleo nagsasabi his 594,000 Twitter followers that he believes Musk will soon integrate Dogecoin into the popular microblogging platform.  Kaleo predicts in the next several weeks, Elon Musk will announce plans for some type of integration of DOGE into the social media platform, echoing similar rumors from earlier this year.  Pati si Kaleo sabi ni that the Dogecoin against Bitcoin (DOGE/BTC) chart appears bullish after a breakout through a long downward resistance. In the shorter term, he says that Dogecoin will likely soon see a small market correction before it resumes an upward trend.  Pinagmulan: Crypto Kaleo/Twitter  kaleo hinuhulaan that DOGE will eventually reclaim the $0.10 level and beyond.  Dogecoin is trading for $0.0774 at time of writing, up 4.9% during the last 24 hours.

2023-07-26Industriya

Federal Reserve Bank of San Francisco Seeking ‘Crypto Architect’ for CBDC Project

The Federal Reserve Bank of San Francisco is looking for a senior crypto architect to perform research and development relating to a central bank digital currency (CBDC).  The Feds western regional bank posted a job ad for the position on LinkedIn and Indeed.  The San Francisco Fed says the senior crypto architect will serve as a lead application developer and “implement example systems related to a CBDC.”  The job will pay a minimum of $134,900 a year, according to the Indeed posting.  Its not the first CBDC-related job the central bank has looked to fill. The San Francisco Fed also posted a job ad for a CBDC product manager three weeks ago and was looking for a digital currency senior application architect in February. That latter position appears to have been filled.  Just last week, the Fed officially launched its new instant payment infrastructure, FedNow. The bank sabi ni on Twitter that the service is not related to a central bank digital currency (CBDC) and is not a step toward eliminating cash.  Federal Reserve Chair Jerome Powell has said in testimony to the House Financial Services Committee in March that the Fed would require Congressional approval to implement a digital currency.

2023-07-26Industriya

Alphapos Hacked Funds Reportedly Reach $60 Million

The losses incurred by crypto payments processor Alphapo during its security breach are now estimated to be $60 million, roughly two days after hackers exploited the platforms hot wallets.  Ayon sa isang update nakalaan by on-chain sleuth ZachXBT, an additional $37 million compromised during the hack on Tron and Bitcoin has been located, increasing the initial estimate of $23 million to $60 million.  Alphapos Hack Estimated to $60M  Alphapo is a payments processor for crypto-related gambling platforms such as HypeDrop, Bovada, and Ignition. The platforms hot wallets were pinatuyo on July 23, with the attackers stealing over $23 million. The hackers managed to gain control of users crypto assets on several blockchains, including Bitcoin, Ethereum, and Tron.  Blockchain security firm na PeckShield isiwalat that the assets stolen were approximately 6 million USDT, 108,000 USDC, 2,500 ETH, 1,700 DAI, 100 million FTN, 430,000 TFL, and an undetermined amount of BTC. The hackers swapped the stablecoins and other tokens for over 5,730 ETH before bridging them to Avalanche and Bitcoin.  ZachXBT said the hack appeared to have been perpetrated by the infamous North Korea-linked hacker group Lazarus due to their “very distinct” on-chain fingerprint. Lazarus Group is believed to be behind cryptos largest hack involving the Ronin

2023-07-26Industriya

Baby Doge Coin Scores 99 Out of 100 on ApeSwaps Liqudity Health Test, Ranks First Among Meme Coins

the meme coin created as a fun parody of , has achieved an impressive score of 99 out of 100 on crypto platform ApeSwaps liquidity health test. This puts Baby Doge at the top ranking among meme coins for liquidity health, a key indicator of the overall strength and sustainability of a cryptocurrency project.  Cryptos first ever industry credentialing and risk rating system leveraging entirely on-chain liquidity data has arrived! ?  $BABYDOGE scored an impressive Liquidity Health Score of 99/100, making it the best score in meme coins.  ⬇️ Full Liquidity Health Report…   — ApeSwap (@ape_swap) Hulyo 22, 2023  A Near Perfect Score for Liquidity  ApeSwap‘s liquidity health dashboard analyzes various metrics related to a token’s liquidity pools, which allow people to easily buy and sell the token. The three main factors that contribute to the overall liquidity health score are strength, ownership and concentration.  Baby Doge scored a perfect 100% on both strength and ownership. This means its liquidity pools contain optimal levels of “hard assets” like stablecoins, and almost all of its liquidity is owned by the Baby Doge protocol itself rather than third parties. The concentration score was 99%, indicating its liquidity is nicely spread across different trading pairs and decentralized exchanges.  The result

2023-07-26Industriya
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