Cryptocurrency

Bitcoin hammered by US-China trade tensions

Wed, 05 Feb 2025 11:16:16 +0000

Bitcoin hammered by US-China trade tensions Lukman.Otunuga… Wed, 02/05/2025 - 13:16

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It's been a rollercoaster week for Bitcoin thanks to Trump's tariff drama. The "OG" crypto could be in store for more volatility due to Friday's US jobs report. Over the past year, the NFP has triggered moves of ↑ 4.4% & ↓ 3.8% in a 6-hour window post-release!

Flashpoint Friday: Bitcoin and Yen traders brace for Dec. 27 volatility

Thu, 26 Dec 2024 09:40:05 +0000

Flashpoint Friday: Bitcoin and Yen traders brace for Dec. 27 volatility han.tan@FXTM CY CA Thu, 12/26/2024 - 11:40

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USDJPY could either breach 158 or sink towards 155, depending on how Japan’s data dump tomorrow (Dec. 27th) shifts odds of a Bank of Japan rate hike in January 2025. Also Friday, Bitcoin faces its biggest options expiry event, which could then clear the path for the return of $100k BTC.

Bitcoin hits new record high just shy of $82,000!

Mon, 11 Nov 2024 07:55:24 +0000

Bitcoin has surged over 17% since Nov. 5th US elections day
The world’s oldest crypto up 90.8% so far in 2024
Bitcoin outperformed other “Trump trade” assets since Nov. 5th
Cardano (+72%) is FXTM’s best-performing crypto since Nov. 5th
Bitcoin may see technical pullback soon

US Elections: Trump wins! What's next for markets?

Wed, 06 Nov 2024 11:13:32 +0000

US Elections: Trump wins! What's next for markets? Lukman.Otunuga… Wed, 11/06/2024 - 13:13

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America has chosen Donald Trump as its 47th president! Assets tied to the “Trump trade” rallied during the Asian session after Trump took an early lead with his victory keeping bulls in the game.

Bitcoin: Holds breath as US jobs data looms

Thu, 05 Sep 2024 10:44:59 +0000

Bitcoin: Holds breath as US jobs data looms Lukman.Otunuga… Thu, 09/05/2024 - 13:44

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Could Bitcoin be preparing for a significant price move on Friday? The World’s largest cryptocurrency has kicked off September on a shaky note with prices wobbling above the $55,000 support level as of writing.

Bitcoin: Set for potential price swings?

Tue, 02 Jul 2024 10:57:00 +0000

Bitcoin could be rocked by Fed minutes & NFP

Watch out for Mt. Gox developments

Over past year NFP triggered moves of ↑ 2.3% & ↓ 1.9%

Bearish channel breached but resistance at $63500

Thanks to the incoming US jobs report and developments Read More

Bitcoin: Waits on key risk event

Wed, 26 Jun 2024 09:51:50 +0000

Bitcoin ↓ over 8% on Monday

Roughly 2% above $60,000 support

Over past year US PCE triggered moves of ↑ 0.9% & ↓ 2.3%

Key point of interest - $60,000

Technical levels - $60,254.93, $57,5656.20 and $66,365.11

Target Thursday: 3 cryptos met expectations, with one surprise winner

Thu, 13 Jun 2024 13:02:04 +0000

Target Thursday: 3 cryptos met expectations, with one surprise winner han.tan@FXTM CY CA Thu, 06/13/2024 - 16:02

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Revisiting our article from Tuesday, June 11th, we highlighted that Avalanch, Dogecoin, and Solana were likely to outperform on a jam-packed Wednesday (US CPI release and latest Fed meeting). Those 3 cryptos duly delivered outsized moves, but there was a surprise outperformer on the day!

Which cryptos could see biggest moves after US CPI/Fed meeting?

Tue, 11 Jun 2024 12:52:54 +0000

Which cryptos could see biggest moves after US CPI/Fed meeting? han.tan@FXTM CY CA Tue, 06/11/2024 - 15:52

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The world's 2 largest cryptos, Bitcoin and Ethereum, are both falling over 3% each, ahead of Wednesday's highly anticipated US inflation data and the Federal Reserve's policy signals. But other cryptos could offer bigger opportunities for traders tomorrow.

Bitcoin: Breaks $71k ahead of US NFP

Wed, 05 Jun 2024 10:20:39 +0000

Bitcoin ↑ 5% this week

Roughly 4% away from all-time high

Over past year NFP triggered moves of ↑ 2.5% & ↓ 1%

Key level of interest - $72,000