<p> With the price of Bitcoin (BTC) having fallen to the $42,000 trading level after the sell-off earlier today, large-cap players are taking advantage of this decline. In the latest announcement, MicroStrategy Chairman, Michael Saylor, announced that his company has made a new purchase of $615 million in Bitcoins.</p><p>
Blogs
Damn! Why is 'Smart Money' Increasingly Terrifying to Buy BTC?
<p> "Hmm so will the price of BTC go higher in the near future or is it not time yet?"</p><p><br /></p><p>Smart money or better known as capital investment from knowledgeable institutional investors are increasingly investing in Bitcoin (BTC) as the Securities and Exchange Commission (SEC) dead
Slump EUR/USD Hits Latest 5-Month High!
<p> It is expected that the price movement will slow towards the end of this week, but the price increase continues to be strong displayed on the chart of the EUR/USD currency pair to record the latest 5-month high.</p><p><br /></p><p>The US dollar continued to experience further declines on Wednesday ye
Investors Take Profits, Solana-Based Tokens Including BONK Fall!
<p> "There's a profit, take it out, what else? Does anyone want to hold it?"</p><p><br /></p><p>The attractiveness of the Solana (SOL) ecosystem is fading as early investors start profit-taking, causing memecoin BONK to fall back immediately after successfully peaking at $0.000025 on Decem
Ringgit Finds a Difficult Road, Do You Want to Break Below RM4.60?
<p> This morning, the ringgit opened higher against the US dollar due to significant weakness following a very strong US 5-year bond auction and a significant decline in the US Core Personal Consumption Expenditure (Core PCE) price index in November.</p><p><br /></p><p>At exactly 10am this morning, the r
AUD/USD Retraces July Focus Zone At $0.6900
<p> The bullish pattern continues on the chart of the AUD/USD currency pair from last week continuing until this week's trade which will be the close for 2023.</p><p><br /></p><p>Like the movements of other major currencies, the Australian dollar took advantage of the weakening US dollar to climb to
GBP/USD Climbs Another 100 Pips Reaches $1.2800 'Target' Zone!
<p> The slow flat price movement last Tuesday changed its pattern on Wednesday yesterday on the chart of the GBP/USD currency pair.</p><p><br /></p><p>At first a slow decline took place in the European session to the level of 1.27000, but the price reaction took place as soon as the price touched that le
Binance Will List These 10 Pairs, Positive Sign For Price?
<p> "Hmm, but I'm afraid that the crypto price will go up for a while and then I'll be caught back."</p><p><br /></p><p>In order to expand its services, the giant cryptocurrency exchange Binance will add SOL/USDC, XRP/USDC, ADA/USDC, MATIC/USDC and six other trading pairs to its platf
USD/JPY Analysis: Outlook for 2024
<img src="https://fxopen.com/blog/en/content/images/2023/12/USD-JPY.jpg" alt="USD/JPY Analysis: Outlook for 2024" /><p></p><p>The Japanese yen has been one of the worst performing currencies over the past couple of years. The situation could improve in 2024, writes WSJ.</p><p>The yen has lost
Market Analysis: AUD/USD and NZD/USD Regain Strength
<h1></h1><img src="https://fxopen.com/blog/en/content/images/2023/12/aud.png" alt="Market Analysis: AUD/USD and NZD/USD Regain Strength" /><p><em>AUD/USD is moving higher and might climb further above 0.6870. NZD/USD is also rising and could extend its increase above the 0.6370 resistance zone.</