According to today’s XAU/USD chart, gold is trading at approximately $2,628 per ounce, marking a fresh all-time high for the third consecutive trading session on the 20th, 23rd, and 24th of September.

The rise in gold prices is being fueled by:

— market reaction to the Federal Reserve’s announcement on Wednesday to cut interest rates by 50 basis points;
— escalating tensions in the Middle East.

A technical analysis of the XAU/USD chart reveals that the price of gold is trending within an upward channel (highlighted in blue), with bullish momentum becoming more prominent in September. Since the start of the month, bulls have successfully:

— surpassed the $2,530 resistance level;
— pushed the price into the upper region of the blue channel;
— created a steeper ascending...

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Crypto scammers took over OpenAI’s press account to post phishing links that targeted OpenAI users. While the posts have now been deleted, crypto scammers managed to hijack OpenAI’s official press account on X on Sept. 23 to promote a suspected...

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Bitcoin (BTC), the largest cryptocurrency by market capitalization, has led the market recovery with its surge to the $63,000 mark. Following the recent developments, the flagship cryptocurrency’s performance has seen an 8% weekly surge, driving BTC to one of its best September performances since its creation.

Bitcoin Registers Sixth Green Daily Candle
During the first week of the month, Bitcoin saw its price struggle to keep above the $55,000 mark, plummeting to the $52,000 support zone and raising investors’ alarms. The rest of the sector followed BTC’s lead, dropping 12% to a market capitalization of $1.81 trillion earlier this month.

Since then, the market has seen a significant boost, mostly fueled by the US Federal Reserve’s (Fed) rate cut. Following the Fed’s announcement, the sector recovered 5%, continuing its ascending trajectory throughout the weekend.

Due to the positive market...

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Ethereum price started a recovery wave above the $2,320 resistance. ETH is now struggling to gain pace for a move above the $2,385 resistance.

— Ethereum started another decline from the $2,385 resistance.
— The price is trading below $2,350 and the 100-hourly Simple Moving Average.
— There was a break above a short-term declining channel with resistance at $2,290 on the hourly chart of ETH/USD (data feed via Kraken).
— The pair must clear the $2,350 resistance to continue higher in the near term.

Ethereum Price Attempts Recovery
Ethereum price formed a base near $2,250 and started a fresh increase like Bitcoin. ETH was able to clear the $2,300 and $2,320 resistance levels.

There was a break above a short-term declining channel with resistance at $2,290 on the hourly chart of ETH/USD. The pair was able to climb abo...

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The cryptocurrency market, led by the largest cryptocurrencies Bitcoin (BTC) and Ethereum (ETH), surged on Tuesday to levels not seen in over a month in anticipation of the Federal Reserve’s (Fed) imminent announcement of its first interest rate cut since the COVID-19 pandemic.

However, despite these expectations or what the outcome of the Fed’s announcement could have on the market, on Bitcoin Halving years, the fourth quarter (Q4) is usually significantly bullish for the two largest digital assets and the broader market.

Exploring The Ethereum Price Performance Post-Bitcoin Halving
Interestingly, Ethereum’s performance following past Bitcoin Halving events has displayed notable variations. Data reveals that in the year following the 2016 Halving, Ethereum experienced a 45% drawdown before embarking on a notable rally that culminated in a 3...

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XRP price is still facing many hurdles near $0.600. The price is consolidating gains and might aim for a clear move above $0.5920 and $0.600.

— XRP price remained supported near the $0.5620 zone.
— The price is now trading below $0.5850 and the 100-hourly Simple Moving Average.
— There is a key rising channel forming with support at $0.5765 on the hourly chart of the XRP/USD pair (data source from Kraken).
— The pair could gain bullish momentum if it clears the $0.5920 and $0.600 resistance levels.

XRP Price Holds Support
XRP price formed a base above $0.5600 and started a fresh increase like Bitcoin and Ethereum. The price was able to clear the $0.5720 and $0.5850 resistance levels.

It even cleared the $0.590 level and tested $0.5935. A high was formed at $0.5932 and the price is now correcting gains. There...

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US CPI data sparks market uncertainty. Fed rate cut expectations hinge on inflation decline. Market sentiment turns risk-averse. US dollar strengthens, euro weakens. Gold prices volatile amid economic uncertainty.

1. Inflationary Pressures and Monetary Policy Expectations
   The release of the US Consumer Price Index (CPI) data for August 2024 has significantly impacted market expectations regarding the Federal Reserve’s (Fed) monetary policy. While the headline inflation rate declined from 2.9% in July to 2.6% in August, the core inflation rate remained relatively steady at 3.2%. This mixed inflationary picture has created uncertainty about the Fed’s decision on interest rate cuts.

If the Fed were to opt for a more significant rate cut, it would likely be based on a more pronounced decline in headline inflation. However, the persistence of core inflation, which excludes volatile food and energy prices, might lead to a mor...

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Binance.US is collaborating with crypto custody firm Fireblocks to improve the safety and compliance of customer assets while expanding its crypto-token staking services.

The partnership will leverage Fireblocks’ wallet technology to support hot and cold storage, as well as customer deposits and withdrawals. Fireblocks’ key management system will also improve staking services on Binance.US, which offers a wide range of staked tokens for a U.S.-based platform.

The Fireblocks network allows users to connect with major crypto and financial institutions without assuming counterparty risk. Over 400 participants are already active, including banks, OTCs, asset managers, liquidity providers, exchanges, lending desks, brokers, market makers, clearinghouses, and custodians.

Established in 2019, Binance.US has been under regulatory scrutiny, particularly following a sweeping enforcement action last year against Binance, its U.S. affiliate, and the exchange group’s founder, Changpeng...

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DIA’s integration with the Stacks ecosystem brings a new level of data precision and reliability to Bitcoin DeFi, offering developers essential tools for creating advanced decentralized finance applications.

DIA, a decentralized oracle network that provides customizable market data feeds for a wide range of assets, has partnered with the Stacks ecosystem to integrate its comprehensive oracle suite. This collaboration introduces a new data feed service for STX and SIP10 tokens, equipping developers with critical data tools needed to build decentralized finance (DeFi) applications on the Stacks layer.

DIA’s integration delivers several benefits:

– Free Access: Developers on Stacks can use DIA’s price oracles at no cost, fostering innovation throughout the ecosystem.

– Transparency: DIA’s price feeds are powered by its proprietary system, aggregating data from over 90 exchanges for clarity.

– Reliability:With suppor...

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As the floor price for Bored Apes languishes, a pioneering Ape puts its community-driven storyline on pause.

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