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Bitcoin Tests Critical Support As Bearish Signals Point To $60,000 Retest
Bitcoin (BTC) is at a pivotal level as geopolitical tensions rise and bearish setups emerge, prompting some analysts to warn of a potential 15% correction if a critical support area doesn’t hold. Related Reading: Dogecoin Rally Loading? Analyst Eyes ‘Imminent Breakout’ From Textbook Falling Wedge Pa...NewsBTC
Fri, May 29
Stocks
Crypto Daily | Bitcoin Whales Dolphins Signal Bearish Outlook; FalconX files confidentially with SEC for IPO;Bit Digital acquires $20M worth of Ethereum
Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.Crypto NewsBitcoin Whales, Dolphins Signal Bearish Outlook as Growth StallsBitcoin’s largest holders are signaling bearish conditions as both whale and dolphin cohorts show st...Tiger News
Fri, May 29
Forex
Euro drifts lower against British Pound ahead of Germany's inflation data, BoE's Bailey speech
The EUR/GBP cross trades with mild losses near 0.8660 during the early European trading hours on Friday. Uncertainty surrounding the US-Iran peace deal is causing broader market fluctuations. The preliminary readings of Germany’s inflation will be the highlights later on Friday.
Fxstreet
Fri, May 29
Cryptocurrencies
Dogecoin (DOGE) Can’t Catch A Break—Bears Keep Swinging
Dogecoin started a recovery wave above the $0.0980 zone against the US Dollar. DOGE is now facing hurdles near $0.1010 and might struggle to continue higher. DOGE price started a recovery wave from $0.0965 and climbed above $0.0990. The price is trading below the $0.10 level and the 100-hourly simpl...NewsBTC
Fri, May 29
Cryptocurrencies
Monero Price Forecast: XMR on the verge of a breakdown
Monero (XMR) is slipping toward the key trendline support on Friday after losing over 9% so far this week. A daily close below this support zone could trigger further sell-offs. This breakdown is supported by the weakening derivatives metrics alongside bearish momentum.Fxstreet
Fri, May 29
Forex
EUR/JPY Price Forecast: Remains below 185.50 near upper descending channel boundary
EUR/JPY halts its five-day winning streak, trading around 185.40 during the Asian hours on Friday. The currency cross is holding a constructive near-term bias as it sits above both the nine- and 50-period Exponential Moving Averages (EMAs).
Fxstreet
Fri, May 29
Forex
Indian Rupee opens higher on renewed US-Iran deal optimism
The Indian Rupee (INR) opens on a positive note against the US Dollar (USD) on Friday after a holiday in India due to Bakri Id the previous day. The USD/INR pair drops to near 95.50 as falling oil prices due to renewed optimism on the United States (US)-Iran deal have strengthened the Indian Rupee.Fxstreet
Fri, May 29
Stocks
2 ETFs That Have Held Up Best During Every Recent Market Pullback
Key PointsThe First Trust Morningstar Dividend Leaders ETF trounced the market in 2022 with a positive return. The WisdomTree U.S. High Dividend ETF crushed the indexes during the first-quarter correction. Both ETFs are great diversifiers and hold up well when the broader market heads south. 10 stoc...The Motley Fool
Fri, May 29
Stocks
No spin, no hype: How healthy is PDD with growth down to 2.5%?
After $PDD(PDD.US) posted a weak print this week, the stock fell nearly 15%. For details, cf. '拼多多： 又老又 ‘傲慢’，彻底人人嫌'. The most glaring issue: ad revenue grew just 2.5%, bucking the sector’s QoQ recovery and making PDD look like the laggard among e-com peers.What explains the sharp deterioration in ad...Dolphin Research
Fri, May 29
Cryptocurrencies
Crypto Faces Nearly $1 Billion In Liquidations As Bitcoin, Ethereum Crash
Data shows the crypto derivatives market has suffered a massive amount of liquidations following the plunge that Bitcoin, Ethereum, and other assets have seen. Bitcoin & Ethereum Are Both Down More Than 5% For The Past Week The second half of May so far has seen a reversal of trend for the crypt...NewsBTC
Fri, May 29
Forex
Euro weakens below 1.1650 as Trump yet to comment on 60-day truce extension plan
The EUR/USD pair loses momentum to around 1.1635 during the early European trading hours on Friday. Mixed signals surrounding the US-Iran peace deal remain the primary driver of volatility. Traders will keep an eye on the preliminary readings of Germany’s inflation later on Friday.Fxstreet
Fri, May 29
Cryptocurrencies
Bitcoin Flashes A Historic Supply Setup – But One Key Signal Still Remains Bearish
Bitcoin has fallen back below $75,000 as selling pressure and market uncertainty combine to test the resilience of a recovery that has struggled to establish the structural foundation needed for a sustained advance. The breakdown is concerning on its own terms — but a CryptoQuant analyst has identif...Bitcoinist
Fri, May 29
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