Bitcoin Loses $63,000 as Miner Capitulation Extends, Yet Expert Sees Hope at $60,000
Bitcoin recently fell below the $63,000 level, extending its decline and reflecting deepening sellâside pressure in both spot and derivatives markets. The move has been marked by ongoing miner capitulation and...
RedotPay weighs a U.S. IPO that could raise $1 billion at a valuation above $4 billion
Hong Kong-based stablecoin payments firm RedotPay is reportedly considering an initial public offering (IPO) in the United States that could raise more than $1 billion, with sources close to the matter saying...
Price Movement & Context
âą The NZD/USD pair climbed about 0.3% to near 0.5975, strengthening as the US dollar underperformed across major currencies early in the Asian session. This reflects broad dollar weakness as markets prepare for the US Federal Reserveâs policy announcement later this...
USD/CNY â PBOC Fixing Update
Current Situation: The Peopleâs Bank of China (PBOC) set the USD/CNY reference rate at 7.0103, slightly stronger than the previous 7.0108. This indicates a modest CNY appreciation bias in the daily fixing.
Market Reaction:
The onshore CNY (CNY) has responded with...
UOB Group technical outlook
âą In recent research, UOBâs FX analysts noted that GBP/USD has lost upside momentum and could edge lower toward support levels near 1.3370 if selling pressure persists. They highlight a slight increase in downward momentum after the pair traded below recent highs...
Reference rate details:
The PBOC fixed the USD/CNY reference rate at 7.0108, slightly lower than the previous dayâs 7.0128.
This small decline indicates a modest CNY strengthening versus the USD in the official midpoint rate, reflecting the PBOCâs continued management of the exchange rate amid...
1) Zcash Developers Quit ECC â ZEC Price Plummets
What happened:
The entire core development team at Electric Coin Company (ECC) â the main group building Zcash â resigned en masse after a governance dispute with the nonprofit Bootstrap board. The team said recent board decisions created...
Chinaâs central bank set the USD/CNY daily reference (midpoint) rate at 7.0128, compared with 7.0197 in the previous session, meaning the yuanâs official midpoint strengthened slightly against the U.S. dollar.
What this means
âą The reference rate is the official midpoint around which the yuan...
Historic BTCâYen correlation
âą Bitcoinâs 90âday correlation with the Japanese yen has climbed to around 0.86, the highest level ever recorded, meaning roughly 73âŻ% of BTCâs recent price movements have mirrored moves in the yen. This is unusually tight for an asset traditionally seen as largely...
:
Key Points
Reference Rate
PBOC set the USD/CNY midpoint at 7.0197, slightly stronger than the previous 7.0187.
This small move suggests the PBOC is allowing modest yuan depreciation against the dollar while maintaining stability.
Market Context
USD/CNY has been trading around the 7.02...
Ethereum showing resilience at $3,200
After trading in a broad range for several weeks, Ethereum has successfully reclaimed and held the $3,200 level, which was previously a significant resistance area. That shift from resistance to support indicates that buyers are stepping in and defending...
Strong Inflows Kick Off the Year
âą U.S. spot Bitcoin ETFs have attracted more than $1.2âŻbillion in inflows over the first two trading days of 2026, showing a rebound in institutional interest after lateâ2025 weakness. If this pace continued for a full year, it could imply roughly $150âŻbillion in...
PBOC Sets New Reference Rate:
The Peopleâs Bank of China announced the **daily USD/CNY central parity rate at 7.0173, down from 7.0230 set previously. This fixing is used by the central bank as the midpoint around which the onâshore yuan can trade within a set band during the day.
What It...
1) $93K Is THE Critical Resistance Level
Bitcoinâs rally into the $92,000â$94,000 zone looks strong, but traders caution that this range has been a supply wall in recent months â where selling pressure absorbs upside and can turn rallies into short-term blowoffs rather than trend reversals.
A...
1. Key Data
USD/CNY reference rate today: 7.0230
Previous fix: 7.0288
Change: Yuan strengthened slightly against the US dollar (~0.8% appreciation in reference rate terms).
Significance: The reference rate acts as the central midpoint around which the onshore yuan trades (CNY).
2. What It...
1. Key Facts and Context
The Peopleâs Bank of China (PBOC) sets a daily reference rate for USD/CNY that serves as the central midpoint around which the onshore yuan trades.
Reuters consensus estimate: 6.9952, slightly weaker than the previous fix, indicating market expectations for modest yuan...
1. Key Facts
The Peopleâs Bank of China (PBOC) set todayâs USD/CNY reference rate at 7.0230.
The market consensus estimate had been 6.9952, meaning the PBOC fixed the yuan weaker than expected.
This is a continuation of the recent trend of the yuan drifting weaker versus the US dollar...
Recent commentary from industry leaders suggests Pakistan could become a major global player in the cryptocurrency space within the next five years if its current adoption and regulatory momentum continues. This view has been highlighted by Changpeng âCZâ Zhao, former CEO of Binance, who said...
Bitcoin Stalls at $90K as Institutional Flows Replace the Old Halving Playbook
Bitcoin (BTC) is struggling near $90,000, as the dynamics driving its price shift from halving-driven hype cycles to institutional capital flows and balance-sheet allocations.
1. Halving Narrative Losing Dominance...
Current reference rate: 7.0288
Previous reference rate: 7.0348
Interpretation: The yuan was set slightly stronger against the U.S. dollar, moving lower from the prior fixing.
Implications:
The PBOC is signaling modest yuan stabilization, possibly reflecting cautious optimism after Chinaâs...
Current reference rate: 7.0288
Previous reference rate: 7.0348
Interpretation: The yuan was set slightly stronger against the U.S. dollar, moving lower from the prior fixing.
Implications:
The PBOC is signaling modest yuan stabilization, possibly reflecting cautious optimism after Chinaâs...
What happened:
BlackRockâs USD Institutional Digital Liquidity Fund (BUIDL) â a **tokenized moneyâmarket fund backed by U.S. Treasury bills and other shortâterm dollar assets â has now paid out over $100âŻmillion in cumulative dividends directly onâchain to token holders since its launch in...
Current Fixing
The Peopleâs Bank of China (PBOC) set the USD/CNY reference rate at 7.0348, up from the previous 7.0056.
This marks a slightly weaker yuan versus the U.S. dollar, signaling modest market adjustment rather than aggressive depreciation.
Market Context
The move comes amid...
đ Bearish Technical Formation & Correction Targets
đȘ§ Head-and-Shoulders Pattern â Bearish Signal
Analysts have identified a head-and-shoulders formation on Solanaâs weekly chart, which is traditionally a bearish continuation pattern. The critical support level to watch is around $105 â acting as...
Pullback trading is a strategy that focuses on entering trades during temporary price retracements within an existing trend. Instead of chasing breakouts, pullback traders wait patiently for price to return to key levels before continuing in the trend direction. Traders in the Forex market...
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BTC Price Action: Stalled Around $87,800
Bitcoin has recently been trading around $87,800, showing limited upside and consolidation after a drawdown from earlier highs. Price action has softened and momentum appears muted, which is being reflected in sentiment measures.
The Crypto Fear & Greed...
Recent Price Action
âą GBP/JPY failed to sustain gains around the 211.50â211.60 resistance area, triggering a pullback as the Japanese Yen strengthens slightly against major peers and profit-taking emerges. The pair was trading near 210.49 after reversing from highs.
Technical Outlook
Downside...
Technical Context and Key Levels
âą 78.6% Fibonacci retracement at ~1.3670 has been a meaningful technical reference point recently, acting as a zone where buyers emerge on dips and limiting deeper downside. Price remains sensitive around this area, with bids attracting below that floor.
âą...
Current context
GBP/JPY is trading near multiâyear highs, supported by persistent weakness in the Japanese Yen and ongoing policy divergence between the UK and Japan. The pair has climbed sharply yearâtoâdate, remaining elevated around the 210â211 area.
Thin liquidity during the holiday season...
USD/JPY near 156.00
The USD/JPY pair has edged lower, trading around the 156.00 mark in Asian sessions after recent gains stalled. This comes as markets digest signals from the Bank of Japan indicating that policy tightening may continue into 2026, which is boosting demand for the Japanese yen...
Pullback trading is a highly effective trend-following strategy that allows traders to enter strong trends at better prices. Instead of chasing breakouts, traders wait for temporary price retracements before entering the market. This strategy is widely used in the Forex market, stock trading...
đ New Reference Rate
The **Peopleâs Bank of China (PBOC) set the USD/CNY daily reference rate at 7.0471 for the current trading session, compared with 7.0523 in the previous fixing.
đ What This Implies
Slight Yuan Strength: A lower USD/CNY reference rate (7.0471 vs. 7.0523) typically suggests...
đ Auction Results
The **U.S. Treasury auctioned $69âŻbillion of 2âyear notes at a **high yield of 3.499% â slightly above the market whenâissued level of about 3.496%. The auction drew a decent turnout but was somewhat weaker than recent averages in terms of demand characteristics.
đ§ What the...
đ Market Context (Asia Open)
đ Bitcoin:
BTC has been hovering around ~$88,000 in early Asian trading â holding steady but not making a strong breakout.
This reflects a cautious sentiment, with traders watching macro cues and broader risk markets rather than crypto leading the charge.
Liquidity...
đ USD/CNY Reference Rate
The Peopleâs Bank of China (PBOC) set the USD/CNY midpoint at 7.0523, slightly stronger than the previous fixing of 7.0572.
This represents a modest appreciation of the yuan relative to the dollar in the official daily reference rate.
đ§ Why This Matters
PBOCâs...
đ Pound Sterling Gains Sharply on UK Q3 GDP
Across major FX markets, the British pound has strengthened (e.g., GBP/USD and other crosses) following the release of the Office for National Statistics (ONS) figures showing that **the UK economy grew by only 0.1% quarterâonâquarter in Q3 2025 â in...
đ Indicative Forex Prices at Monday Open (22âŻDecâŻ2025)
These reflect broad market conditions early in the week with thin liquidity due to yearâend holidays and trading volumes muted:
Major pairs (approximate levels):
EUR/USD: Slightly above midâ1.17s â modest bid amid softer USD.
GBP/USD...
đ PBOC Sets USD/CNY Reference Rate
The PBOC set the USD/CNY reference (central parity) rate at 7.0572 for the current trading session.
This compares with the previous fixing at around 7.0550 (or slightly different daily rates published recently).
đ What This Means
The reference rate is the...
đ Recovery Underway â But Hitting Resistance
Bitcoin has rebounded above key shortâterm levels around ~$86,800â$87,000, and is currently trying to build on that recovery, trading above the 100âhour simple moving average â a sign that buyers are still active.
However, the recovery runs into...
đ§ Why Buterin Thinks Prediction Markets Are Better for Truth-Seeking
1. Accountability Through Financial Stakes
Buterin argues that prediction markets â where participants put real money on future outcomes â create accountability that social media lacks.
âĄïž On social platforms, anyone can make...
Bitcoin at a Crossroads: Breakout or Bull Trap?
Bitcoin is currently trading at a critical decision zone, where price action will likely determine the next major market direction. After a strong impulsive move, BTC has entered a high-liquidity area, increasing the risk of both a breakout and a...
đ NZD/USD Forex Signal â Kiwi Stalls at 0.58 as Risk Appetite Weakens
Signal summary:
The New Zealand Dollar (NZD) has struggled near the key 0.5800 level, with rallies repeatedly fading as risk sentiment weakens and the U.S. Dollar holds firm. This has kept downside pressure in focus and...
đȘđș Lagarde on Euro Appreciation
At the ECB press conference following the December policy decision, Lagarde said that the bank is watching the euroâs appreciation carefully, even though the ECB does not target exchange rates as part of its mandate. She stressed that while exchangeârate moves are...
đ Japanâs Core CPI Holds at 3.0% in November
Japanâs **core consumer price index (CPI) â which excludes fresh food â rose 3.0% yearâonâyear in November 2025, unchanged from October and in line with expectations. This marked the 44th consecutive month that core inflation has remained above the...