"Investors must be nervous, the halving is approaching but it is still not certain whether the price will go up or down." The price of cryptocurrency king Bitcoin (BTC) plunged to $59,709 in the morning trading session of the United States (US) on Wednesday yesterday which was the weakest level since the beginning of March 2024. However, BTC recovered slightly as the spot market order book for BTC/USDT on Binance saw bids clustered below $60,000 indicating strong demand below that level that could stop further price declines in the short term. According to Joel Kruger, a market strategist ..read more

The dismal performance of the US dollar on Wednesday disappointed investors who expected the currency king to continue strengthening. A hawkish speech was delivered by Federal Reserve (Fed) Chairman Jerome Powell regarding monetary policy, but the US dollar failed to move strongly in the market. Analysts, however, see the price movement as a correction and expect the US dollar to strengthen again after this. If observed on the chart of the EUR/USD currency pair, the price has landed at the 1.06000 support level last Tuesday after taking a significant plunge since last week's trade. Howeve ..read more

"After Saudi Arabia, in which country do you think BlackRock wants to expand its services?" As the world's largest asset manager, BlackRock, which successfully launched a spot Bitcoin (BTC) ETF, is making every effort to significantly expand its services in Saudi Arabia to increase its presence in the Middle East financial market. In addition to establishing an office in Riyadh, BlackRock's Chief Executive Officer (CEO) Larry Flink, who regularly visits Riyadh, continues to hold personal meetings with Crown Prince Mohammed bin Salman. Saudi Arabia is currently in the process of a major tra ..read more

The Malaysian ringgit (RM) extended its gains on Wednesday by opening higher against the US dollar today as the USD retreated from multi-month highs following the withdrawal of US Treasury yields. At exactly 9.00 am, the local currency rose to 4.7850 against the US dollar from where it closed at 4.7910 yesterday. Bank Muamalat Bhd's Chief Economist, Mohd Afzanizam said the US Dollar Index (DXY) saw a 0.3% drop to 105,940 points despite uncertainty about the prospect of interest rate cuts. On Tuesday, Jerome Powell said persistent inflation meant borrowing costs would remain elevated for lo ..read more

The bearish price trend on the chart of the AUD/USD currency pair stopped for a moment yesterday when the price was seen starting to show signs of a change in direction. This is due to the strengthening of the US dollar which failed to continue when the king of the currency displayed a dismal performance that fell short of expectations after the guidance delivered by the Chairman of the Federal Reserve (Fed) Jerome Powell. Analysts assess that there is a price correction for US dollar trading and investors need to be wary of the uncertain movement towards trading towards the end of the week ..read more

"You all don't forget to pay attention, you'll miss it later." Immediately after massive liquidations in the cryptocurrency market arose due to macroeconomic factors, the Bitcoin (BTC) halving event that will take place in two days has sparked a lot of speculation about the direction of its price in the near future. There is no denying that the BTC halving event is considered the start of bullish momentum, but some analysts think this year may be slower. Therefore, here are 3 signs of a crash after the BTC halving event: Whale & Miners movement If the whales move BTC from centralized ..read more

Bursa Malaysia was mixed in mid-session on Thursday with the main indices ending the morning session in positive territory in line with regional markets. At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.9 points (0.25%) to 1,544.32 from Wednesday's close of 1,540.42. The benchmark index opened 0.58 points lower at 1,539.84. However, market sentiment was still negative with losers outnumbering gainers by 510 to 376. Meanwhile, 446 counters were unchanged, 1,032 were not traded and 21 others were suspended. The total turnover is 2.3 billion units worth RM1.19 billion. According to ..read more

The price of gold is seen once again trying to test the $2,400 price level in today's trading session. Gold still remains intact as the best "safe-heaven" asset in times of uncertainty and geopolitical pressure. "Hawkish" statements issued by Fed chairman Powell earlier this week and Fed Loretta Mester yesterday are seen to have a "buying deep" impact on the gold market. The uncertainty of the geopolitical situation that is happening in the Middle East continues to provide demand for the gold market. Technical Analysis Based on the 4-hour chart (4-Hours Time Frame), the price of gold tra ..read more

"WLD is the best, still moving forward despite being hit by many problems." Worldcoin (WLD) is about to launch a Layer 2 network known as World Chain in the summer which is a new blockchain aimed at leveraging World ID to prioritize human transactions over bots. The positive plan has arisen after WLD has dominated most of the network activity on OP Mainnet Optimism and more usage at this rate can affect efficiency and user experience. Please note that World Chain is designed to significantly increase capacity, where new people can continue to join and existing users can enjoy faster, easie ..read more

The sight of Brent crude oil prices in the target towards $100 per barrel is getting clearer and the government may choose to implement the planned petrol and diesel subsidy rationalization initiative in stages. The Iran-Israel conflict that broke out last weekend continues to cause uncertainty in the crude oil price market. Global attention is now focused on Israel's reaction to the conflict and whether they want to retaliate in the near future. According to Tunku Abdul Rahman University economics professor Wong Chin Yoong said it is unlikely to rise again to the high of $139 per barrel a ..read more