Gold price recovers as US-Iran draft deal undermines Oil and USD

Gold has played a key role in human‘s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.  Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a countrys solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.  Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar

05-22Industry

IG Group Expands European Crypto Trading Through Bitpanda

IG plans to expand crypto trading across Europe through a partnership with Bitpanda.Bitpanda will provide liquidity market data and trading infrastructure for IG Europe.IG reported £2.4 million in crypto revenue during the first quarter of 2026.  London-listed trading platform IG Group is preparing to expand its cryptocurrency trading services across Europe through a partnership with Bitpanda. The move follows IGs launch of spot crypto trading for retail customers in the United Kingdom last year.  Under the contract, IG Europe will use Bitpandas infrastructure to support crypto trading operations for European clients. The services covered under the agreement include liquidity provision, trading connectivity, and market data access.  The expansion comes as traditional financial firms continue increasing their involvement in digital asset markets through regulated partnerships and infrastructure offerings.  IG Reports Revenue Growth as Crypto Offering Expands  IG reported revenue of 331.2 million pounds ($445 million) for the first quarter of 2026 earlier this week. According to the company, spot cryptocurrency trading generated 2.4 million pounds ($3.2 million) during the period.  Founded in the early 1970s, IG remains one of Europes largest retail trading platforms. The company provides trading access across equities, foreign exchange, commodities, and derivatives markets. It currently serves approximately 1.3 million clients globally.  Bitpanda Continues European

05-22Industry

DoubleZero Price Breaks Out of Bullish Structure — Can 2Z Rally Another 30%?

The post DoubleZero Price Breaks Out of Bullish Structure — Can 2Z Rally Another 30%? appeared first on Coinpedia Fintech News  DoubleZero is witnessing a strong bullish breakout after weeks of gradual accumulation within a rising parallel channel. The latest daily candle has pushed the price above the upper trendline resistance with a sharp increase in volume, suggesting bullish momentum is accelerating. The 2Z price has surged by 21.65%, reaching $0.11 with a huge increase in the trading volume of over 470%.  The breakout comes as broader interest in infrastructure-focused crypto projects continues to rise while traders increasingly position themselves for a continuation move toward higher resistance zones.  The daily chart of DoubleZero price highlights the token trading within a well-defined ascenidng parallel channel. After a prolonged downtrend from the November highs, DoubleZero entered a consolidation phase during February and March before forming a steady ascending channel. The asset respected both the upper and lower boundaries multiple times, validating the structure.  The latest candle has now broken above the channel resistance with a significant spike in volume, which often signals trend continuation rather than a temporary relief rally. The Supertrend indicator has flipped bullish and currently sits near the $0.084 region, acting as dynamic

05-22Industry

Bitcoin Exchanges Bithumb and Coinone Announce Theyve Added This Altcoin to Their Delisting Watch List! Here Are the Details

Bithumb and Coinone, two leading cryptocurrency exchanges in South Korea, announced that they have added Map Protocols native token, MAPO, to their delisting watchlist. The exchanges stated that the decision was made due to security concerns.  Both platforms announced that a security breach had been detected in the wallet infrastructure to which MAPO is connected, or in the distributed ledger system where the token is issued and stored. According to the statements, while it is believed that the incident may be related to a cyberattack or hack, the source of the incident has not yet been fully confirmed, and it is not clear whether the security vulnerability has been completely fixed.  Exchanges stated that they have placed MAPO under investment alert to protect the security of user assets and have requested a detailed explanation from the project team regarding the incident. It was noted that the token‘s trading status will be re-evaluated during the review process. Following technical and operational reviews, MAPO’s trading support may be completely removed or its current status may be maintained.  Cryptocurrency exchanges occasionally add certain assets to their delisting watchlist, particularly due to security breaches, low transparency, or issues with project operations. During this process, the projects technical

05-22Industry

Copper Adds Support for Ripples RLUSD

Digital asset infrastructure provider Copper has added Ripples U.S. dollar-pegged stablecoin, RLUSD, to its Stablecoin Rewards Program.  The integration allows Copper‘s institutional clients to earn yield on RLUSD while holding the asset within the firm’s custodial environment.  By offering yield directly through its custody platform, Copper allows enterprise clients to generate returns without having to actively interact with decentralized finance (DeFi) protocols or manage trading positions.  Elon Musks SpaceX Approaches Top 7 Bitcoin Holders; Bollinger Bands Signal No XRP Rally Before Summer; Dogecoin Founder Addresses $20 Trillion Target – Morning Crypto Report  Cardanos Ecosystem Under Threat  RLUSD, which is issued natively on both the XRP Ledger and the Ethereum network, is backed one-to-one by a combination of U.S. dollar deposits and cash equivalents.  The token joins a growing roster of stablecoins supported in Coppers yield program, which already includes USDC, USDe, USDtb, PYUSD, USX, and USDG.  Growing demand  The move comes as traditional financial institutions increasingly demand regulated digital dollar instruments paired with secure collateral management.  “Regulated stablecoins, with secure custody and efficient collateral management will play a critical role in accelerating the institutional adoption of digital assets,” said Copper CEO Amar Kuchinad, noting that RLUSD meets the firms institutional standards for security and transparency.  For Ripple, the integration is

05-22Industry

Ethereum Price Analysis: ETH Is Not Simply Pulling Back, Its Breaking Down

Ethereum  Ethereum Price Analysis: ETH Is Not Simply Pulling Back, Its Breaking Down  5 hours ago  Bitcoin Ethereum News  ;  }  function loadTrinityPlayer(targetWrapper, theme,extras=“”) {  cleanupPlayer(targetWrapper); // Always clean first ✅  targetWrapper.classList.add(‘played’);  // Create script  const scriptEl = document.createElement(“script”);  scriptEl.setAttribute(“fetchpriority”, “high”);  scriptEl.setAttribute(“charset”, “UTF-8”);  const scriptURL = new URL(`https://trinitymedia.ai/player/trinity/2900019254/?themeAppearance=${theme}${extras}`);  scriptURL.searchParams.set(“pageURL”, window.location.href1);  scriptEl.src = scriptURL.toString();  // Insert player  const placeholder = targetWrapper.querySelector(“.add-before-this”);  placeholder.parentNode.insertBefore(scriptEl, placeholder.nextSibling);  }  function getTheme() {  return document.body.classList.contains(“dark”) ? “dark” : “light”;  }  // Initial Load for Desktop  if (window.innerWidth 768) {  const desktopBtn = document.getElementById(“desktopPlayBtn”);  if (desktopBtn) {  desktopBtn.addEventListener(“click”, function () {  const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);  if (desktopWrapper) loadTrinityPlayer(desktopWrapper, getTheme(),  });  }  }  // Mobile Button Click  const mobileBtn = document.getElementById(“mobilePlayBtn”);  if (mobileBtn) {  mobileBtn.addEventListener(“click”, function () {  const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);  if (mobileWrapper) loadTrinityPlayer(mobileWrapper, getTheme(),  });  }  function reInitButton(container,html){  container.innerHTML = + html;  }  // Theme switcher  const destroyButton = document.getElementById(“checkbox”);  if (destroyButton) {  destroyButton.addEventListener(“click”, () = {  setTimeout(() = {  const theme = getTheme();  if (window.innerWidth 768) {  const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);  if(desktopWrapper.classList.contains(‘played’)){  loadTrinityPlayer(desktopWrapper, theme,  }else{  reInitButton(desktopWrapper,‘’)  const desktopBtn = document.getElementById(“desktopPlayBtn”);  if (desktopBtn) {  desktopBtn.addEventListener(“click”, function () {  const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);  if (desktopWrapper) loadTrinityPlayer(desktopWrapper,theme,‘  });  }  }  } else {  const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);  if(mobileWrapper.classList.contains(‘played’)){  loadTrinityPlayer(mobileWrapper, theme,  }else{  const mobileBtn = document.getElementById(“mobilePlayBtn”);  if (mobileBtn) {  mobileBtn.addEventListener(“click”, function () {  const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);  if (mobileWrapper) loadTrinityPlayer(mobileWrapper,theme,  });  }  }  }  }, 100);  });  }  })();  Ethereum is trading at $2.1k, and the chart tells a story that three months of cautious optimism can no longer paper over. The ascending channel that has provided the structural backbone for every bullish argument since the February bottom is getting broken to the downside.  Moreover, the US institutional bid that supported the recovery

05-22Ethereum

BitMine Tom Lee Explains Why Ethereum Price Falls When Oil Prices Surge

The post BitMine Tom Lee Explains Why Ethereum Price Falls When Oil Prices Surge appeared first on Coinpedia Fintech News  Ethereum (ETH) prices continue to face heavy selling pressure as rising oil prices, and continued ETF outflows weigh in. ETH recently slipped toward the critical $2,120 psychological support zone after briefly falling near $1,800 during rising geopolitical tensions tied to the Israel-Iran conflict.  Now, BitMine Chairman and Fundstrat co-founder Thomas Lee believes oil prices may be one of the biggest reasons behind Ethereums recent weakness.  Tom Lee Says Oil Prices Are Hurting ETH  According to Lee, Ethereum currently has one of its strongest inverse correlations with oil prices in years. That means when oil prices rise sharply, ETH tends to weaken.  Lee pointed to the latest Federal Reserve meeting minutes, where officials warned that persistent inflation above 2% could force additional monetary tightening or “policy firming.”  1/  The April FOMC minutes highlight why $ETH is inversely correlated to oil at the moment:  – FOMC spoke of the need for “policy firming” if inflation persists 2%  – higher oil is pushing up inflation  Higher oil prices often increase inflation because energy costs affect transportation, manufacturing, and consumer prices across the economy.  As inflation rises, markets begin pricing in higher-for-longer interest rates or

05-22Ethereum

ETH Price Prediction: $2,050 Retest Before $2,400 Recovery Within 30 Days

ETHs Technical Reality Check  Ethereum is caught in a textbook oversold setup that‘s screaming for a bounce, but the path isn’t straightforward. With RSI sitting at 36.25 and price hugging the lower Bollinger Band at just 13% of the channel width, the selling pressure has been relentless. The MACD histogram flatlined at zero tells us momentum has stalled rather than accelerated lower – a subtle but crucial difference that suggests exhaustion rather than capitulation.  Trading below all major moving averages paints a bearish intermediate picture, but the proximity to the lower band at $2,081 creates a technical magnet. Historical market analysis shows these oversold conditions typically generate rebounds within 3-5 trading sessions, though not without one final shakeout first.  Volume & Price Alignment  The derivatives data reveals a contradiction that experienced traders know to exploit. Retail traders are massively long with a 72.1% bias, while institutional players mirror this sentiment at 72.8% – unusual alignment that typically precedes volatility. However, the taker buy/sell ratio of 0.81 shows aggressive selling pressure still dominates actual execution.  With $402 million in spot volume and open interest declining 0.85% to $4.66 billion, were seeing position unwinding rather than fresh conviction. The neutral funding rate of 0.0059% indicates no extreme

05-22Ethereum

Ethereum Pauses Its Decline above $2,000

Ethereum has continued to decline, but it halted above the $2,000 psychological price barrier on May 18.   Ethereum Price Long-Term Analysis: Bearish  The largest altcoin fell to a low of $2,077 before recovering. For the past 48 hours, the cryptocurrency price has fluctuated above the $2,000 support line while remaining below the moving average lines.  Today, the Ether price is rising and approaching the moving average lines. On the upside, if the price movement stalls below the moving average lines, Ether is likely to remain below them for a few days. But if buyers push the price above the moving average lines, the altcoin will retest its previous high of $2,500.  However, if the $2,000 key support is breached, Ether will fall to its previous low of above $1,800. Ether is currently at $2,128 at the time of writing.  Technical indicators:  Resistance Levels: $3,500 and $4,000Support levels: $2,500 and $2,000  Ethereum Indicator Analysis  The ETH price has fallen below the horizontal moving average lines, indicating that the cryptocurrency may continue to decline. Ether price bars are below the downward-sloping moving average lines. The 21-day SMA is below the 50-day SMA, indicating a downtrend. The 21-day SMA acts as the resistance line for the price bars.  Ethers price is

05-22Ethereum

Why is ZEC price Surging Today?

ZEC price surges 14.55% to $667.92 in the last 24 hours, with trading volume soaring to $1.133B.Spot buying volume surged 117.54% after Zcash reported SEC probe closure and $36.7M in liquid assets.If ZEC holds above $600 level, it may target $750, but a break below $600 could trigger a pullback.  Zcash (ZEC) price is surging today by more than 14.55%, trading near $667.92 at press time with strong trading volume exceeding $1.33 billion, a 117.54% increase from the previous day.  The token broke key resistance levels around the $560–$660 range, reclaimed major moving averages, and showed strong bullish technicals like a golden crossover and flag breakout pattern.  Why ZEC Price is Surging  The primary catalyst behind ZEC‘s price rally was the Zcash Foundation’s Q1 report, which confirmed that the SEC had closed its investigation into the Foundation without recommending any enforcement action. This removed a multi-year regulatory overhang that began with a subpoena in August 2023.  The Q1 2026 report strengthened investor confidence by revealing $36.7M in liquid assets at quarter-end. ZEC accounted for the largest share at 58.6% ($21.2M), followed by USD/USDC at 33.5% and BTC at 7.9%. Following the disclosure, spot buying volume surged 117.54%, signaling aggressive market accumulation and renewed bullish sentiment.  Additionally,

05-22Industry
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