Get started

Unitedstates

Dogecoin Tumbles 17%As seen on CoinMarketCap, the cryptocurrency market tumbled to widespread selling pressure on Feb. 24, with most altcoins plunging by more than 10%. Dogecoin tumbled nearly 17% to reach intraday lows of $0.106 before a slight rebound. Despite the price dip, DOGE profitability remains at 50% per IntoTheBlock metrics. The IntoTheBlock Holder Composition by Time Held also suggests half or 50% of Dogecoin holders as mid-term investors. Forty-five percent of holders have held their LINK tokens for more than a year, while barely 6% have held them for less than a month. Dogecoin price and adoption At the time of writing, DOGE is trading at $0.113 per token, ranking 12th largest cryptocurrency by market capitalization despite being down 17% on the day, according to CoinMarketCap data. Dogecoin co-founder Billy Markus recently took to Twitter to share that a new fast food restaurant inspired by the original meme cryptocurrency has emerged in Dubai, and it now accepts DOGE as payment for burgers and soda. Sling TV, a streaming TV provider based in the United States and a wholly-owned subsidiary of Dish Network, recently announced that it will take cryptocurrencies via BitPay. Subscribers of the virtual TV provider can now pay for their subscriptions using cryptocurrencies, such as Dogecoin via BitPay.
BITFINEX:DOGEUSDLong
by imrachifo
Bitcoin dips 12%In a move that seemed to catch markets by surprise, reports were flowing in of a feared three-pronged attack on Ukraine at the time of writing, with the West already promising more severe sanctions as a result. Bitcoin, already trading in line with stocks instead of acting as a safe haven, thus showed uncertainty of its own, declining over 12.2% from Wednesday’s local highs to hit $34,300. Asian stocks were already feeling the pressure, with Hong Kong’s Hang Seng index down 3.5% and the Nikkei reaching a 15-month low. As traders waited to see the full impact on European and United States stock markets, Bitcoin market participants took stock of what the geopolitical events could mean for the largest cryptocurrency. “So there are arguments both ways for what should be happening to BTC right now. I’m not really sure I would have guessed it would go down based on the fundamentals. But it is down, a lot! Why?” Sam Bankman-Fried, CEO of trading giant FTX, queried in a series of tweets Thursday.
BITFINEX:BTCUSDLong
by booflebacop
Percent of Revenue for Interest Payments vs FEDFUNDs DifferenceThis chart shows the difference between the percent of federal tax receipts used to pay interest on the national debt (currently around 20% of tax receipts) and the FEDFUNDS rate. This difference has been growing through the years as the debt grows larger and people are less willing to buy treasuries at low interest rates. Even with historically low interest rates in the present day, the debt burden is large enough to over come this. The effect of the FEDFUNDS rate on government expenditure will continue to grow with time. Even at an effective rate of 0%, the interest payments on the debt continues to grow. There is a clear upward trend on payments despite a near 0% FEDFUNDS rate. Increasing the FEDFUNDS rate will be detrimental to US government solvency. Inflation or default seem to be the two options available. Good luck, Fed people.
FRED:A091RC1Q027SBEA
by rrmhearts
1
DXYHey Traders, in the coming week we are monitoring DXY for a buying opportunity around 96 zone respecting the daily supply and demand zone in combination with the bullish trend. Once we will receive any bullish confirmation the trade will be executed. i highly recommend doing US DOLLAR INDEX analysis at the entrance of every trading week if not everyday to trade USD pairs in more professional way. a bullish DXY can result a xxxUSD drop and a bearish DXY can result a xxxUSD Pump Trade Safe, Joe.
TVC:DXYLong
by JoeChampion
2
DXY-Weekly OutlookTVC:DXY Hello Traders, This is my weekly outlook for DXY, this week should be a relatively relaxed week as their is no high impact news except for Friday and a US holiday on Monday, because of this I believe USD will pull back from last weeks sell off to a HTF key point-on the daily TF-to rebalance price. A few long positions have been added by commercials, which makes me think they're hedging for a small correction to then continue a sell off since the majority of their positions are net short. Stimulus benefits will end this Monday, therefore the dollar should begin to gain a bit more strength due to the reduced printing of the dollar, however, inflation is still a big concern as I see a weakened 10y, meaning, inflation is still a prominent risk with rising delta cases, continued government purchases, and supply and demand issues. There still is an overall secular decline of inflation as last months CPI numbers showed, however delta cases, additional 3.5 trillion government package, and reduced 10y yields could change that weakening the dollar further. With the huge miss of Friday's NFP report and a continued pause on tapering, more net short positions by commercials and overall seasonal technical analysis I still see dollar as net BEARISH. Septembers NFP will be the catalyst about tapering thoughts, due to the end of stimulus and people having to go back to work because of no income or help from the government, therefore, we should see higher NFP numbers, strengthening the dollar. If September/October reports are stronger enough, by November we should begin hearing talks about rate hikes or a slow down of purchases, which will cause another small correction of 2-7% on the equity market and an increase in yields. Thats if Delta, WH turmoil, and inflation are controlled... Potential Bullish Fundamental Catalyst: 1. 09/08 Increased Job Openings 2.Lower Unemployment Claims 3. Less oil inventory 4.Lower PPI, inflation curving down, reduction in government spending package. 5. accelerating the TF for rate hikes. Bearish Fundamental Catalyst: 1.09/15 Increased corporate/capital earning tax 2. 09/27 3.5 Trillion Government spending package bill (can be negotiated through november)-- possible 5-10% pull back on equities. 3. increased inflation, less job openings, higher unemployment claims 4.Stimulus support because of rising delta cases 5. delaying tapering process. 6. Europe reopening and possible rate hikes. Hope everyone has a great trading week! :) Will update everyday if anything changes. (this is my trading journal not signals).
TVC:DXYLong
by stimichele
2