Analysis

Ethereum Whales Now Hold Around 43% Of The Entire Supply I

U.K. equities started mixed on Wednesday, with rises nearly in all sectors. The top risers were Industrial Metals & Mining, Life Insurance and Oil & Gas.

Scope for the Euro (EUR) to test 1.0995 before the risk of recovery increases.

Many expect the next quarter will kickstart the rally’s second leg up, suggesting that most altcoins will explode in the coming months.

Bitcoin’s price fell on Wednesday, tracking a wider decline in risk-driven assets as a heated presidential debate presented the prospect of a hotly contested 2024 presidential election.

Gold (XAU/USD) cycles back up towards the top of its three-week range, trading just shy of $2,530 on Wednesday.

TradingKey -  On Tuesday night, the U.S. presidential debate took place, during which Trump and Harris discussed tariffs, immigration, abortion rights, and the Gaza conflict.

As the general cryptocurrency market is witnessing a rebound, assets like Dogecoin, the leading meme coin are attracting strong optimism from the industry as bullish predictions toward the coin’s potential in the short term are on the rise.

Europe's highest court concluded a decade-long legal battle by ruling that Apple Inc (NASDAQ:AAPL) must pay €13 billion ($14.4 billion) in back taxes to Ireland.The charge, estimated to be around $10 billion, is expected to substantially increase Apple's effective tax rate for the quarter.

Investing.com – U.S. equities were mixed at the close on Tuesday, as gains in the Telecoms, Technology and Consumer Services sectors propelled shares higher while losses in the Oil&Gas, Financials and Basic Materials sectors led shares lower.

The GBP/USD pair builds on the overnight modest bounce from the 1.3050-1.3045 region, or over a three-week trough and gains some follow-through positive traction for the second successive day on Wednesday.

After forming a base above the $470 level, BNB price started a fresh increase like Ethereum and Bitcoin. The price was able to climb above the $488 and $500 resistance levels.

Recent market analysis has revealed a significant shift in Bitcoin capital flow from short-term holders (STH) to long-term holders (LTH).

Investing.com-- The Chinese government is likely to roll out more, albeit incremental stimulus measures in the coming months, Citi analysts said in a note, especially amid signs that economic support from exports may have peaked. 

Silver (XAG/USD) trades with a mild positive bias for the third straight day on Wednesday, albeit lacks bullish conviction and is currently placed around the $28.45 region, just below the weekly high touched during the Asian session.

Investing.com-- Japanese stocks were nursing a steep loss over the past week, and saw little relief in recent sessions, raising concerns over a potential double bottom, although JPMorgan (NYSE:JPM) analysts said this was not their base case.

TradingKey - As inflation eases and signs of recession appear, the market widely expects the European Central Bank (ECB) to make its second rate cut of 2024 at the September meeting.

Gold price increases as US Treasury yields drop and the US Dollar weakens.

President Vladimir Putin has declared Russia a leading country in bitcoin mining, attributing this success to the nation’s surplus energy resources, particularly in Siberia. Speaking at the Eastern Economic Forum (EEF),

Following heavy losses from major cryptocurrencies, BNB has shown some impressive resistance to the price drop, supported by strong demand.