Bitcoin's surge highlights its evolving role as a macroeconomic asset, potentially attracting more institutional interest amid favorable conditions.
The post Bitcoin briefly surpasses $82K amid macroeconomic shifts; SUI up 25% appeared first on Crypto Briefing.
The KOSPI's potential surge highlights South Korea's pivotal role in the AI-driven memory chip market, but geopolitical risks loom large.
The post JPMorgan raises KOSPI bull case target to 8,500 on memory chip boom, and crypto may feel the squeeze appeared first on Crypto Briefing.
Ethereum price started a fresh increase above the $2,320 zone. ETH is now consolidating and might struggle to continue higher above the $2,385 resistance. Ethereum started a decent upward move from the $2,265 zone. The price is trading above $2,320 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,300 zone. Ethereum Price Faces Hurdles Ethereum price remained bid above the $2,265 support zone, like Bitcoin. ETH price formed a base and started a recovery wave above the $2,300 resistance. The price surpassed the 50% Fib retracement level of the downward move from the $2,423 swing high to the $2,265 low. The bulls even pushed the price toward $2,380. Besides, there is a bullish trend line forming with support at $2,320 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,320 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,320, the price could attempt another increase. Immediate resistance is seen near the $2,385 level or the 76.4% Fib retracement level of the downward move from the $2,423 swing high to the $2,265 low. The first key resistance is near the $2,400 level. The next major resistance is near the $2,420 level. A clear move above the $2,420 resistance might send the price toward the $2,480 resistance. An upside break above the $2,480 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,550 resistance zone or even $2,565 in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,385 resistance, it could start a fresh decline. Initial support on the downside is near the $2,320 level. The first major support sits near the $2,300 zone. A clear move below the $2,300 support might push the price toward the $2,265 support. Any more losses might send the price toward the $2,220 region. The main support could be $2,200. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,300 Major Resistance Level – $2,385
Heightened US-Iran tensions could destabilize the Middle East, impacting global oil prices and increasing geopolitical risks.
The post Trump rejects Iran ceasefire, escalating US-Iran tensions appeared first on Crypto Briefing.
Block's initiatives could redefine Bitcoin's role in everyday transactions, potentially accelerating mainstream adoption but facing regulatory hurdles.
The post Jack Dorsey aims to make Bitcoin everyday money through Block initiatives appeared first on Crypto Briefing.
Sui surged 25% over the last 24 hours, as analysts pointed to Sui Group Holdings' decision to stake 108.7 million SUI.
The KOSPI's potential surge highlights South Korea's pivotal role in the AI-driven memory chip market, but geopolitical risks loom large.
The post JPMorgan raises KOSPI bull case target to 10,000 on memory chip supercycle appeared first on Crypto Briefing.
Bitcoin price started a fresh increase and cleared the $81,500 zone. BTC is consolidating and might aim for more gains above the $82,450 level. Bitcoin managed to stay above $79,200 and started a fresh increase. The price is trading above $80,750 and the 100 hourly simple moving average. There is a bullish trend line forming with support at $80,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays above the $80,800 and $80,000 levels. Bitcoin Price Turns Positive Bitcoin price found support near $79,200 and started a fresh increase. BTC gained pace for a move above the $79,750 and $80,200 resistance levels. The bulls even pushed the price above $82,000. A high was formed at $82,436, and the price started a consolidation phase. There was a minor decline toward the 23.6% Fib retracement level of the upward move from the $79,168 swing low to the $82,436 high. Bitcoin is now trading above $80,750 and the 100 hourly simple moving average. There is also a bullish trend line forming with support at $80,800 on the hourly chart of the BTC/USD pair. If the price remains stable above $80,500, it could attempt a fresh increase. Immediate resistance is near the $82,000 level. The first key resistance is near the $82,450 level. A close above the $82,450 resistance might send the price further higher. In the stated case, the price could rise and test the $83,200 resistance. Any more gains might send the price toward the $84,000 level. The next barrier for the bulls could be $85,000. Downside Correction In BTC? If Bitcoin fails to rise above the $82,000 resistance zone, it could start another decline. Immediate support is near the $80,800 level and the trend line. The first major support is near the $80,400 level or the 61.8% Fib retracement level of the upward move from the $79,168 swing low to the $82,436 high. The next support is now near the $79,950 zone. Any more losses might send the price toward the $79,250 support in the near term. The main support now sits at $78,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $80,800, followed by $80,000. Major Resistance Levels – $82,000 and $82,450.
Private-credit firms may face increased financial strain as declining yields and potential higher defaults challenge their profitability.
The post Private-credit firms report decline in returns amid Fed rate cuts appeared first on Crypto Briefing.
Block's initiatives could redefine Bitcoin's role in everyday transactions, potentially accelerating mainstream adoption but facing regulatory hurdles.
The post Jack Dorsey aims to make Bitcoin everyday money through Block initiatives appeared first on Crypto Briefing.
The summit's outcome could significantly impact crypto markets, influencing Bitcoin mining costs and broader digital asset sentiment.
The post Beijing confirms Trump state visit and Xi summit for May 14-15 appeared first on Crypto Briefing.
The disruption in the Strait of Hormuz highlights vulnerabilities in global energy supply chains, potentially driving long-term shifts in trade routes.
The post Iran crisis disrupts Strait of Hormuz, insurance withdrawal impacts shipping appeared first on Crypto Briefing.
China's rising inflation limits monetary easing, potentially diverging its economic policy from the US, impacting global markets.
The post China’s April PPI rises 2.8%, CPI increases 1.2% year-on-year, ending three-year deflation streak appeared first on Crypto Briefing.
Goldman's yuan forecast suggests potential shifts in global trade dynamics and investment strategies, impacting currency markets and economic policies.
The post Goldman Sachs sees Chinese yuan 20% undervalued, raises forecasts appeared first on Crypto Briefing.
Goldman's yuan forecast suggests potential shifts in global trade dynamics and investment strategies, impacting currency markets and economic policies.
The post Goldman Sachs sees Chinese yuan 20% undervalued, raises forecasts appeared first on Crypto Briefing.
Alphabet's stock surge could reshape tech market leadership, challenging Nvidia's dominance and influencing future market cap predictions.
The post Alphabet stock surge positions it to overtake Nvidia as largest company appeared first on Crypto Briefing.
Japan's intervention highlights the fragility of global liquidity, potentially impacting risk assets and crypto markets as yen strengthens.
The post Japanese authorities intervene, reducing bearish yen positions to $4.9B appeared first on Crypto Briefing.
During the 12 years of inactivity, the value of 500 BTC has appreciated 89-fold, from $457,070 to $40.6 million.
Netanyahu's stance may hinder peace prospects, potentially escalating military actions and impacting global diplomatic and security dynamics.
The post Netanyahu: Iran conflict ongoing, enriched uranium must be removed appeared first on Crypto Briefing.
Netanyahu's demands may hinder US-Iran nuclear negotiations, reducing chances for regional peace and complicating diplomatic efforts.
The post Netanyahu demands Iran remove uranium, complicating US-Iran nuclear talks appeared first on Crypto Briefing.
The incident exacerbates energy costs, impacting Bitcoin mining profitability and potentially destabilizing geopolitical negotiations.
The post South Korea confirms external strikes caused fire on HMM Namu, sending ripples through crypto mining economics appeared first on Crypto Briefing.
Iran's proposal could reshape global markets, impacting oil prices, crypto dynamics, and geopolitical risk, with potential economic ripple effects.
The post Iran proposes end to war and lifting of sanctions, per Reuters appeared first on Crypto Briefing.
Rising oil prices due to geopolitical tensions could trigger global economic instability, affecting inflation, central bank policies, and markets.
The post Trump calls Iran’s peace proposal totally unacceptable, oil prices rise appeared first on Crypto Briefing.
Spencer Pratt's campaign sparks a powerful public movement amid wildfire mismanagement and homelessness crisis in Los Angeles.
The post Spencer Pratt: Wildfire management relies on proper air support, political service should be a civic duty, and addressing homelessness requires mandatory drug treatment | All-In Podcast appeared first on Crypto Briefing.
The partnership could significantly enhance AI development efficiency, diversify revenue streams, and reshape investor expectations in tech sectors.
The post xAI partners with Cursor in $10 billion deal to supercharge AI coding capabilities appeared first on Crypto Briefing.
Rising tensions in the Strait of Hormuz could disrupt global shipping routes and escalate geopolitical conflicts, affecting regional stability.
The post Iranian drones strike South Korean ship in Strait of Hormuz, tensions rise appeared first on Crypto Briefing.
Trump's pattern of public insults highlights deepening political tensions, influencing prediction markets and reflecting polarized discourse.
The post Trump attacks Fox News, Khanna, Maher, Jeffries in latest verbal barrage appeared first on Crypto Briefing.
Market volatility underscores geopolitical tensions' impact on global finance, highlighting risks to economic stability and investor sentiment.
The post US stock futures decline as Trump rejects Iran deal response appeared first on Crypto Briefing.
The summit's outcome could significantly impact global oil markets and US-China relations, influencing economic stability and geopolitical dynamics.
The post Donald Trump to discuss Iran war with Xi Jinping during Beijing visit appeared first on Crypto Briefing.
Rising oil prices and geopolitical tensions could drive increased volatility in global markets, influencing both traditional and digital assets.
The post Oil jumps after Trump calls Iran’s peace offer ‘unacceptable’ appeared first on Crypto Briefing.