Author: MNK News
Ethereum price failed to stay above $3,150 and extended losses. ETH is down over 5% and might struggle to recover above $3,200 in the near term. Ethereum started a fresh decline after it failed to stay above $3,150. The price is trading below $3,100 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $3,000 zone. Ethereum Price Turns Red Ethereum price failed to continue higher above $3,150 and started…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Between attacks on their independence, persistent inflation and AI-powered froth in stock markets, central banks have got a lot on their plate. Another looming worry for central banks: growing interest in digital money — particularly stablecoins. The number of individual stablecoins in use nearly tripled between the middle of last year and the middle of this year, according to the Bank for International Settlements. The market cap of those stablecoins rose from $125bn in 2023 to $255bn over about the same period.…
US President Donald Trump on Monday unveiled special fast-track visas for people with tickets to the 2026 World Cup — but his administration warned it was no guarantee of entry to the United States. The US has promised a seamless experience for next year’s tournament despite concerns that Trump’s border crackdown could hurt fans. “For those who intend to join us for the World Cup, I strongly encourage you to apply right away,” Trump said as he announced the scheme in the Oval Office with Gianni Infantino, the boss of global soccer body FIFA. Infantino — who has repeatedly appeared…
The Bitcoin price has seen a significant pullback, retracing nearly 26% from its all-time highs, fueling speculation about the potential onset of a new bear market. Compounding this uncertainty, a fresh sell signal has emerged from one of the cryptocurrency’s key indicators, reminiscent of the past when similar signals led to a staggering 67% drop in value. Bitcoin Price Could Plunge To $31,000 Market expert Ali Martinez pointed out in a recent post on social media platform X (formerly Twitter) that the last time the SuperTrend indicator issued a sell signal for Bitcoin was in 2022. At that time, Bitcoin,…
While Bitcoin (BTC) continues to lose crucial support levels, an analyst has shared three possible scenarios for the flagship crypto’s upcoming performance, raising the alarm about potential early signs of a bear market. Related Reading Bitcoin Price Correction Continues On Monday, Bitcoin reached a new multi-month low after dropping below $93,000 for the first time since May. The cryptocurrency started the week dropping nearly 5% from the $96,000 area and retesting the $91,000 level as support. Notably, BTC has seen a 16% correction from its November opening and has lost multiple crucial levels over the past few weeks, including the…
Germany and Netherlands went on goal sprees as they wrapped up World Cup qualification with resounding wins in their last European group matches on Monday. “Every player played well today and worked like a dog,” Germany coach Julian Nagelsmann told German broadcaster ZDF. Both European giants needed only to draw to be sure of reaching the global footballing showpiece in the United States, Canada and Mexico. Instead, both went on the attack. Germany took early control as they beat Slovakia 6-0 in Leipzig. The Netherlands took longer to pull away before overcoming Lithuania 4-0 in Amsterdam. Slovakia finished second in…
WASHINGTON (AP) — President Donald Trump is set to fete Crown Prince Mohammed bin Salman on Tuesday when the de facto leader of Saudi Arabia makes his first White House visit since the 2018 killing of Washington Post journalist Jamal Khashoggi by Saudi agents.The U.S.-Saudi relationship had been sent into a tailspin by the operation targeting Khashoggi, a fierce critic of the kingdom, that U.S. intelligence agencies later determined Prince Mohammed likely directed the agents to carry out.But seven years later, the dark clouds over the relationship have been cleared away. And Trump has tightened his embrace of the 40-year-old…
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one…
Bitcoin extended its steep downturn on Monday, slipping to $89,426 before stabilising just above $90,000, deepening concerns of a further slide toward the $80,000 mark. The latest drop comes as the cryptocurrency continues to unwind more than 30 percent from its October peak of $126,000, erasing all gains made this year.Bitcoin tumbled to $89,426 on November 18 and continued to hover just above $90,000 — a drop of more than 30 percent from its October peak of $126,000. Fears of the price sliding further toward the $80,000 mark have intensified, driven by offset selling from new entrants.The sustained decline means…
Bitcoin extended its steep downturn on Monday, slipping to $89,426 before stabilising just above $90,000, deepening concerns of a further slide toward the $80,000 mark. The latest drop comes as the cryptocurrency continues to unwind more than 30 percent from its October peak of $126,000, erasing all gains made this year.Bitcoin tumbled to $89,426 on November 18 and continued to hover just above $90,000 — a drop of more than 30 percent from its October peak of $126,000. Fears of the price sliding further toward the $80,000 mark have intensified, driven by offset selling from new entrants.The sustained decline means…