Analysis

Tension snapped in GBP/UISD chart action on Wednesday, with Cable losing the tug of war and backsliding out of recent congestion. Cable tumbled two-thirds of one percent and slipped below the 1.3000 handle during the midweek market session.

SUI has lately attracted a lot of interest and peaked in its development. It finished the week at its all-time high price of $2.30 and ranked higher than top altcoins such as Polkadot (DOT), therefore ranking itself among the top 15 cryptocurrencies.

Investing.com -- U.S. crude oil futures were higher in post-settlement trading Wednesday after the American Petroleum Institute reported an unexpectedly decrease in weekly domestic crude stocks.

EUR/USD is in freefall, plummeting to multi-week lows as the Euro continues to crumple ahead of the European Central Bank’s (ECB) upcoming rate call on Thursday. The ECB is widely expected to trim interest rates by a quarter of a percent, or 25 bps.

Shiba Inu executive Lucie has announced SHIB’s “game-changing” partnership with Mass Finance.  This significant development could help boost Shiba Inu’s adoption and onboard new users into the meme coin’s ecosystem. 

Ethereum staking has evolved in the past year, but a large share of the staked coins are controlled by only 10 entities. The popularity of liquid staking and the first-mover advantage of some protocols meant not all validators were created equal when it comes to holding ETH. 

Investing.com – U.S. equities were higher at the close on Wednesday, as gains in the Utilities, Financials and Basic Materials sectors propelled shares higher.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $70.70 on Thursday. The WTI price edges lower after selling off on reports that Israel will not attack Iran’s oil facilities.

a16z co-founder Marc Andreessen has denied involvement with the GOAT memecoin, noting he does not own any of its supply.

The crypto industry in the US may see more support under Kamala Harris’ leadership compared to the current Joe Biden administration.

Bitcoin has seen a significant price movement today, reaching a high of $67,803, breaking above a descending falling wedge pattern on the daily chart.

Qualcomm's stock slipped 2.2% on Tuesday and has declined another 0.9% premarket Wednesday after Citi analysts placed the company on a negative catalyst watch, citing weaker handset demand and other headwinds in its latest note.

EUR/JPY is correcting lower after another test of the top of its ten-week range. 

Gold (XAU/USD) extends its recovery into the lower $2,680s on Wednesday after market jitters caused by a dip in US Manufacturing data on Tuesday led to a decline in the US Dollar (USD), a fall in US Treasury yields and a downward revision to the expected path of US interest rates.

Bitcoin could hit $74,000 before the U.S. election, according to Geoff Kendrick, Standard Chartered’s Head of Digital Assets Research.

TradingKey - Eurozone inflation is steadily falling, with September's rate at 1.8%, down from 2.2% in August, and below the ECB's 2% target for the first time in three years.

Dogecoin community member John Carter explained in an X post that DOGE reaching an $80 billion market won’t mark a new ATH for the meme coin primarily due to its inflationary status.

Analysts observed that the number of Bitcoin active addresses is unaffected by the fluctuating sentiments around the most popular cryptocurrency, saying it remains remarkably stable. This, as the alpha coin breaches the $66,000 level at the time of writing.

Litecoin (LTC) continued its upward momentum, trading above $71 on Wednesday, building on a 6% surge from Tuesday.

Asian fund managers turned bullish on regional markets following a barrage of stimulus measures from China, a BofA survey showed this week, with Chinese markets seeing increased fund allocation.