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The FXGT Blog
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Crypto
4 June 2024
Bitcoin Gains 11.50% in May: Consolidation and Key Levels in Focus
Bitcoin gained 11.50% in May and is up 2% over the past week as it continues to consolidate sideways, remaining above the immediate support level of $66,300. The daily tr...
4 June 2024
Crypto News Catchup – BlackRock's Bitcoin ETF has become the world's largest Bitcoin fund
BlackRock's Bitcoin ETF has become the world's largest Bitcoin fund, with assets totalling $15.6 billion. It has overtaken the Grayscale Bitcoin Trust (GBTC), which previ...
Cryptocurrency
Beginner
30 May 2024
What are Meme Coins? Exploring Dogecoin, Shiba Inu, Pepe, Bonk and More
Cryptocurrencies have taken the world by storm, but among them, a unique category stands out: Meme Coins. You’ve probably heard of Bitcoin and Ethereum, but what about Do...
28 May 2024
Technical overview – Bitcoin Consolidates Above Key Support, Eyes Breakthrough Above $71,000 Resistance
Bitcoin is down 3.5% over the past week, trading within a sideways range between $66,500 and $71,000. Any price dips have been quickly bought up, and the market has respe...
28 May 2024
Crypto News Catchup – SEC Approval of Ethereum ETFs Sparks Institutional Investment Buzz
The SEC's approval of spot Ethereum ETFs is creating significant buzz in the cryptocurrency community. Michael Saylor, CEO of MicroStrategy, believes this move could driv...
24 May 2024
SEC Approves Ethereum ETFs, but ETH Fails to Breach $4,000
Price Movement Post-ETF Approval: Despite historic approvals by the SEC for eight Ethereum-based exchange-traded funds (ETFs), Ethereum’s price has not surpassed the $4,0...
21 May 2024
Technical overview – Bitcoin's Bullish Reversal
Following the last couple of months of downward pressure, Bitcoin's price is now showing signs of recovery, increasing almost 10% over the past week. The $60,000 level, t...
21 May 2024
Crypto News Catchup – Upcoming Ethereum ETF Decision and Bitcoin Volume Spike
The U.S. Securities and Exchange Commission is expected to decide on Ethereum ETF applications this week. This highly anticipated decision follows delays and reflects the...
17 May 2024
Ethereum's Critical Week Ahead: Spotlight on ETF Decision and Key Support Zone
Critical Juncture: Ethereum is at a critical juncture, currently hovering above the psychological level of $3,000 and showing signs of support above the 200-day EMA chann...
Cryptocurrency
Advanced
16 May 2024
The BTCUSD Relationship: Factors That Influence the Pair
The BTCUSD relationship represents one of the most fascinating and dynamic interactions in the financial markets today. At its core, this pair symbolizes the trade value ...
14 May 2024
Technical overview – Bitcoin’s Surge Faces Critical Test at $65,500 Resistance Level
Bitcoin’s Recent Performance: Bitcoin has seen a notable rebound this week, climbing 11% from the previous week's low of $56,700. Since the beginning of May, the cryptocu...
14 May 2024
Crypto News Catchup - Crypto Exchanges See First Decline in Trading Volume Since September
Spot trading volumes on centralized crypto exchanges fell to $1.6 trillion in April, the first month-to-month decline since September 2023. This drop coincided with a sig...
30 April 2024
Bitcoin Technical overview – Sideways consolidation continues
Downward Momentum: Over the past week, Bitcoin has experienced a 5% decline, marking a structured downtrend on the hourly chart. Despite the short-term trend, the daily t...
30 April 2024
Crypto News Catchup - Bitcoin's daily transactions reach new peak
For the first time since its launch in January, BlackRock's Bitcoin ETF, IBIT, recorded zero daily inflows on April 24. This marks a significant shift as other U.S.-regis...
23 April 2024
Bitcoin Technical overview – 60,000$ Support Level Maintains Uptrend
Historical Patterns After Halving: Bitcoin typically shows a consolidation period post-halving before beginning a significant rally. This pattern has been consistent in p...
23 April 2024
Crypto News Catchup - Bitcoin has successfully completed its fourth halving event, reducing miner rewards from 6.25 to 3.125 BTC per block
Bitcoin has successfully completed its fourth halving event, reducing miner rewards from 6.25 to 3.125 BTC per block, as Bitcoin reached its 840,000th block. This event, ...