Global Gold Analysis Friday, May 14

Global Gold Analysis Friday, May 14

After forming a price floor in the range of $ 1,809 yesterday, the price of an ounce of global gold reached the resistance level of $ 1,820.

April US retail sales are expected to increase by about 1%. This rate was reported in March at 9.7%. If this happens, the price of gold could experience an upward trend.

The price of gold is moving towards the 200-day moving average indicator in the range of $ 1,847. To achieve this, a high price resistance level of $ 1,840 is required.
On the other hand, if the price penetrates below yesterday's price floor of $ 1,809, one can expect a fall to the intersection of the 21-day and 100-day moving average indicators at $ 1,795. This level is a strong support and is expected to prevent further fall in gold prices.

SHIB INO TECHNICAL ANALYSIS (SHIB) Friday, May 14

SHIB INU TECHNICAL ANALYSIS (SHIB) Friday, May 14

SHIB INU digital currency (SHIB) experienced a loss of price. Vitalik Buterin, the creator of Atrium, took his SHIB Inu liquidity (SHIB) out of the ion swap platform. However, Shiba Inu was able to maintain well at these levels as the price jumped out of the demand barrier.

SHIB price is returning

SHIB prices have fallen 45 percent in the past 24 hours and 52 percent since May 11. However, it seems that the token or internet joke has faced an upward reaction from the demand area, which extends from $ 0.0000117 to $ 0.0000168 and can increase the price of SHIB by 33%.

Although unlikely, the SHIB price could try again in its support area before this bullish scenario. The lower limit of the supply area ranges from $ 0.0000286 to $ 0.0000318.

Investors can expect a 30% increase in the SHIB price from the current price, but if the price floor is tested again, we will see a 60% price increase.

Apparently, the SHIB price will be bullish, but investors should be aware of any sudden fall in the cryptocurrency market that could affect the bullish scenario. Nevertheless, if SHIB prices are unable to rise above these levels due to disappointing buying pressures or potentially downtrends, market participants can expect a 22% drop in the price of these cryptocurrencies to $ 0.0000162.

However, breaking the demand area downtrend line at $ 0.0000117 could invalidate the uptrend scenario and create a new downtrend. In that case, the SHIB price could experience a 70% drop to the next support level at $ 0.00000360.

A $ 10 billion fund is considering buying bitcoins Thursday, May 13

A $ 10 billion fund is considering buying bitcoins Thursday, May 13

Balyasny Asset Management, a multi-strategy investment firm created by former trader Dmitry Balyasny, is considering buying bitcoins, according to a report from Street.

The company has more than $ 10 billion in assets under its management.

After its disastrous performance in 2018, which was the first year of decline for Balyasny, the company was able to make up for the fall caused by the epidemic in 2020 due to its diversified portfolios.

The fund says it is currently investigating bitcoin and other digital assets.

Ripple and Bainance traded XRP 75.4 million Thursday, May 13

Ripple and Bainance traded XRP 75.4 million Thursday, May 13

Once again, Ripple has attracted attention with the transfer of XRP to the Huobi exchange. At the same time, this currency has been transferred by large crypto exchanges.

Ripple has transferred $ 106.3.3 million in XRP

The Whale Alert service, which tracks the movement of digital currencies, has discovered about a dozen trades in which XRP 75.5 million has been traded by Kraken, Bainance, Ripple and other smaller cryptocurrencies.

Ripple has made its daily transfer to China's largest cryptocurrency exchange, Huobi: 5,472,400. This is the amount the company will send to Huobi every day of the week.

Last week, the daily XRP value from Ripple to Huobi was 7,066,450, according to blockchain analytics company Bithomp. Transfer is via Ripple RL18-VN wallet.

Support for XRP liquidity in China

Ripple typically provides cryptocurrencies with XRP to support Quinn liquidity in global markets. Its regular XRP transactions with prominent Chinese exchanges suggest that the DLT giant may support XRP liquidity in China.

35% increase in S&P 500 futures in the Asian market Thursday, May 13

35% increase in S&P 500 futures in the Asian market Thursday, May 13

The S&P 500 futures traded up 0.35 percent at 4.073 during mid-trading on Thursday, breaking the lowest level recorded in early April.

Earlier in the day, the Asian Stock Exchange, the US Centers for Disease Control and Prevention (CDC) approved the Pfizer vaccine for teens over the age of 12 and offered a new buy under the S&P 500 futures contract. Investors are extremely cautious for fear of a large recession that persists.

After the US Consumer Price Index (CPI) reached its highest level since 2008, the risk benchmark experienced a three-day drop to its lowest level in several days. Rising headline inflation is pushing the Fed to cut interest rates, but it should not be forgotten that the bank also faces challenges over the Biden administration's next bailout package.

It should be noted that Japan and New Zealand have recently become concerned about the internal situation created by the Corona virus and the resulting overseas issues.

While the current risky situation poses many challenges for traders, they seem to be waiting for US markets to open up for new incentives. During this session, the weekly US Unemployment Insurance Claims and the Producer Price Index (PPI) on the eve of the US Wholesale Retail and the Michigan Consumer Sense Index may provide an intermediate direction for investors.

West Texas Intermediate (WTI) Oil Wednesday, May 12

West Texas Intermediate (WTI) Oil  Wednesday, May 12

The Energy Information Administration (EIA) said in its latest monthly report on Wednesday that demand in the oil market will grow as India emerges from the Corona crisis.

The following points are mentioned in a part of this report:
Supply growth is currently due to increased oil production in Canada and Brazil.
According to OPEC, this supply is not in line with the level of demand, and the level of demand could fall due to the corona epidemic.

Forecast for oil demand in Europe in the first quarter of 2021 fell by 270,000 barrels to 5.4 million barrels per day. The forecast for the United States during this period was a decrease in demand of 515 thousand barrels per day.

Following the release of this monthly report, West Texas Intermediate crude traded up 0.62% at $ 65.64 a barrel at the time of writing.

The court is planning a new conference call between Ripple and the SEC

The court is planning a new conference call between Ripple and the SEC

A new conference call between Ripple and the US Securities and Exchange Commission is scheduled for May 21 by Judge Sarah Netborn.

The two sides will discuss the recent process presented by the Agency, which aims to force the production of legal advice documents that Ripple has received on the XRP monitoring status.

The Securities and Exchange Commission is creating trouble before Ripple launches an attack.

The judge has not yet decided whether the regulator can send memorandum requests to its overseas counterparts to obtain information from foreign exchange offices and the defendants' partners. A conference on the subject was held on 30 April.

Hotbit Exchange resumed its transactions Wednesday, May 12

Hotbit Exchange resumed its transactions Wednesday, May 12

According to the announcement published on the official Twitter account of Hotbit Exchange, this exchange has resumed its transactions gradually this morning. At the same time as the start of trading, all active orders of users have been canceled to avoid possible losses. Hotbit has asked users to contact the support of this exchange in case of any problems.

An overview of the cryptocurrency market - Tuesday, May 11

An overview of the cryptocurrency market -Tuesday, May 11

Bitcoin Falls $ 6,000

Despite the strong movements and the upward trend of the last few days, BTC has not been able to overcome the resistance of $ 60,000. As we reported yesterday, the market's top cryptocurrency hit a three-week high of $ 59,600.

As the community waited for the $ 60,000 psychological resistance to pass, the bears stepped in and took control. In the hours that followed, Bitcoin began to fall rapidly, dropping more than $ 6,000 to its lowest daily level, just below $ 53,600.

Despite a relative return and multi-thousand dollar recovery, BTC continues to show a decline of about 6% on a 24-hour scale. In addition, the currency still dominates the cryptocurrency market below 43%.

Sea of ​​Blood in the Altcoins Market

Over the past few weeks, the replacement Quinns have performed more dramatically than their leader. However, most of them have fallen sharply since yesterday.

Atrium, which has seen explosive growth at the top of all altcoins, set a record high of $ 4,200 yesterday. However, it immediately plummeted to $ 400 and reached its lowest daily price level at $ 3,800. Ether has improved slightly since then and is now trading below $ 4,000.

Binance Coin (5.5%), Ripple (10%), Cardano (7.5%), Polkadat (12%), Bitcoin Cash (12%), Light Coin (12%) and China Link (12 -%) are all red today.

Dodge Quinn has fallen sharply since Ilan Mask appeared on SNL, falling another $ 11% to below $ 0.5.

Bitcoin Diamond (-20%), Qtum (-18%), ICON (-17%), Ethereum Classic (-17%), OMG Network (-15%), Phantom (-15%), DigiByte (-15% ), Ontology (-15%), Avalanche (-15%) and EOS (-15%) saw more fluctuations.

Typically, after a massive market downturn, the crypto market value also fell by about $ 200 billion yesterday, now reaching over $ 2.4 trillion.

Is Facebook really entering Bitcoin? Zuckerberg goat can be a point

Is Facebook really entering Bitcoin? Zuckerberg goat can be a point

In a recent post, Facebook CEO Mark Zuckerberg posted a picture of his two goats, naming them "Max" and "Bitcoin".

SkyBridge co-founder Anthony Scaramucci welcomed Zuckerberg into the Bitcoin community in a tweet:

I knew that Mark Zuckerberg would become a Bitcoin fan when he appointed David Marcus as the company's chief blockchain developer. It has been a long and winding road, but welcome to #Bitcoin. Zack and David did a great job. I'm excited about what you will do in the future.

Some joked that the fifth richest person might become a bitcoin maximalist.

I hope Zuckerberg goats are not killed this time to serve as a meal for Twitter CEO Jack Dorsey.

The Facebook shareholders meeting is scheduled for May 26. Crypto enthusiasts may want to record this day in their calendars, given that Zuckerberg may announce the arrival of bitcoin on his balance sheet.

As reported by U.Today, it was rumored that the social media giant of digital currencies will reveal its balance sheet in late April. However, this never happened. According to the first quarter, Facebook has $ 64 billion in cash and cash equivalents on its balance sheet.