Самая инновационная платформа в мире для Форекс, CFD и Криптовалюта
Паевой индексный фонд!

Description

Bitcoin price rose marginally from recent losses on Tuesday, although sentiment remained on edge over a potential spike in token supply, while Ether rose sharply amid speculation that a spot exchange-traded fund was close.

The world’s largest cryptocurrency was nursing steep losses over the past two weeks, having hit an over four-month low last week amid concerns over token distributions by defunct crypto exchange Mt Gox. But losses in the token appeared to have paused, at least for now.

Bitcoin rose 3.2% in the past 24 hours to $57,280.7 by 01:06 ET (05:06 GMT). World no.2 token Ether outpaced Bitcoin, rising 5.4% to $3,070.71. 

Bitcoin nurses steep losses on Mt Gox fears 

Bitcoin slid as low as $53,000 last week after the trustees of Mt Gox said they had begun distributing tokens stolen during a 2014 hack, although they did not specify what the overall value of the distribution would be.

But the news saw traders further dump Bitcoin on concerns that receivers of the token will also be inclined to sell, given Bitcoin’s massive price jump over the past 10 years.

Several major Bitcoin “whale” wallets were seen dumping the token, while sales of Bitcoin confiscated by the German government from a piracy website also added to the selling pressure. 

Still, Bitcoin now appeared to have stabilized, as recent data showing strong capital inflows into crypto investment products helped improve sentiment.

Crypto assets see weekly inflows on bargain hunting

Data from digital assets manager Coinshares showed on Monday that crypto investment products saw inflows totalling $441 million in the week to July 8, attributing the trend to bargain hunting as concerns of a token dump battered crypto prices.

Crypto price today: altcoins rise, Ether ETF speculation builds 

Broader crypto prices tracked Bitcoin and Ether’s rebound, although Ether remained the best performer in the lot.

The Securities and Exchange Commission is widely expected to approve form S-1 filings from several major issuers for the listing of spot ETFs later in July, with the reduction of a price discount on Coinbase (NASDAQ:COIN) to Binance reflecting some improved confidence in the token. 

But Ether, like the broader crypto industry, was grappling with decreased retail interest this year. Sluggish trading volumes in spot Bitcoin ETFs also reflected this trend.

Still, altcoin prices rose on Tuesday, recovering mildly from recent losses. XRP and Cardano added 3.1% and 6.5%, respectively, while Solana rose 5.8% as exchange operator CBOE filed for approval to list spot Solana ETFs.

Description

The U.S. dollar drifted higher Tuesday, with the safe haven benefiting from weakness on Wall Street, although gains are limited ahead of the release of key inflation data later in the week.

At 04:20 ET (08:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 105.160, after touching a high of 105.91 last week.

Safe haven dollar sees demand

The draining confidence in the tech sector on Wall Street has helped the U.S. currency push higher Tuesday, but gains are minimal as traders await Friday’s PCE price index data. 

Fed officials have called for more data showing a slowing of inflation before agreeing to cut interest rates, and the U.S. central bank’s preferred inflation gauge is likely to factor into the outlook for interest rates.

Politics were also at the forefront of investors' minds, with the first U.S. presidential debate between President Joe Biden and his predecessor Donald Trump set for Thursday.

“The dollar remains sidelined ahead of two key event risks later this week,” said analysts at ING, in a note. “Thursday night sees the first presidential debate between President Biden and Donald Trump on CNN. It may be too early to expect this, but we will want to see whether the dollar responds to who 'wins' the debate. A positive outcome for Trump could see the dollar edge higher.” 

But the bigger market mover this week will be Friday's core PCE inflation read.

“Should it meet expectations of a 0.1% month-on-month reading, we suspect the short-end of the US curve can come lower and take the dollar with it.”

Politics weighs on euro

EUR/USD fell 0.1% to 1.0728, with politics also playing its part in euro weakness.

The French elections are due to kick off this weekend, and the political turmoil in France in the wake of President Emmanuel Macron's shock snap election call earlier this month has resulted in likely monthly loss of roughly 1% for the single currency.

France's National Rally have said the party will respect the nation's budget rules, which has helped to limite losses, but the plan to cut 7 billion in taxes still seems to exist – partially funded by slashing France's contribution to the EU budget. 

“Our eurozone macro team sees continued stress here and we would therefore warn against chasing EUR/USD back to and over 1.08, since there are still many possibly bearish chapters to play out here,” ING added.

GBP/USD rose 0.1% to 1.2696, with sterling holding steady as the Bank of England’s policy makers are set to keep their views to themselves until after the July 4 general election.

“But thereafter, we would be looking for the more dovish members of the seven who voted for unchanged rates last week to make their voices heard,” ING said.

Yuan falls to seven-month low versus dollar

In Asia, USD/JPY traded 0.1% lower to 159.47, with Japanese officials keeping up their warnings that they would intervene in the event of “excessive” volatility in the yen.

The minutes of the BOJ’s June meeting also offered some support to the yen, as some officials were seen raising the possibility of an interest rate hike in July. 

Description

Newport Beach, California, United States, June 24th, 2024, Chainwire

BioMatrix.ai, a pioneering force in the world of wealth distribution, is proud to announce the launch of Proof of You (PoY) AI Tokens the world's first free-for-life AI tokens. This groundbreaking initiative seeks to democratize access to digital assets, striving to make Universal Basic Income (UBI) a tangible reality for everyone, regardless of economic status.

BioMatrix.ai’s mission is to eliminate barriers to entry in the digital asset space. Unlike traditional digital assets that require initial investments, PoY AI Tokens will be distributed free-of-charge. This bold move is designed to empower individuals in underserved communities, giving them access to the future benefits of digital assets and fostering economic growth.

PoY AI Tokens leverage AI and blockchain technologies to seamlessly generate AI tokens personalized to each user. Users in select countries will be able to access the free PoY AI Tokens, with the expectation that these tokens will soon be open for public trading. All users will be able to engage the platform’s additional offerings which include games, videos and future digital assets such as coupons.

In addition to the free initial distribution of PoY AI Tokens, BioMatrix.ai is introducing a unique benefit for its first 1 million users: PoY AI Tokens for Life. These users will receive 12 free PoY AI Tokens every month for the next 60 years. This long-term commitment to our users underscores our dedication to financial inclusion and the long-lasting impact of digital assets. The Company is currently promoting the app's global mass adoption for both online and offline communities through multiple upcoming events.

Key Features and Benefits

• Free Distribution: PoY AI Tokens are distributed at no cost, making them accessible to anyone with an internet connection via our mobile and desktop interface.
• Monthly PoY AI Tokens: Users will receive 12 free Proof of You (PoY AI Tokens) tokens every month for 60 years, enabling a digital Universal Basic Income.
• Global Reach: Biomatrix.ai is committed to reaching users in every corner of the globe, promoting financial inclusion and equality to all.

"At BioMatrix.ai, we believe everyone should have the chance to engage in the digital economy," said Arthur Qin, Founder of BioMatrix.ai. "By providing free Proof of You (PoY) AI Tokens for life, we are dismantling financial barriers and unlocking new opportunities for millions. Our AI-driven platform guarantees accessibility, security, and efficiency. We are thrilled to spearhead the movement toward a more inclusive financial future."

About BioMatrix.ai:

Founded by Silicon Valley experts, BioMatrix.ai is dedicated to reshaping financial inclusion via Proof of You (PoY) AI Tokens and Universal Basic Income (UBI), using biometric scans for secure, feeless digital asset transactions. The Company aims to bridge financial gaps and revolutionize wealth distribution globally. Our technology stands at the intersection of Web2 and Web3, broadening the utility of digital assets.

Description

Investing.com - The U.S. dollar edged higher in European trade Friday, but was on track for a hefty weekly fall after cooling inflation and weak retail sales brought Federal Reserve rate cuts back into focus. 

At 04:10 ET (08:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% higher at 104.580, marginally above a five-week low just below 104 seen earlier this week.

Dollar steadies after hawkish Fed speak

The dollar has recovered to a degree as several Fed officials, specifically members of the bank’s rate-setting committee, said that they needed much more confidence that inflation was coming down, beyond some easing inflation in April.

"I now believe that it will take longer to reach our 2% goal than I previously thought," St. Louis Federal Reserve president Loretta Mester said on Thursday, adding that further monitoring of incoming data will be needed. 

Federal Reserve Bank of New York President John Williams agreed with this view. 

"I don't see any indicators now telling me ... there's a reason to change the stance of monetary policy now, and I don't expect that, I don't expect to get that greater confidence that we need to see on inflation progress towards a 2% goal in the very near term," Williams said.

However, the dollar is still on course for a weekly loss of around 0.7% after the milder than expected U.S. inflation data raised expectations the Federal Reserve will deliver two interest rate cuts this year, probably starting in September.

U.S. retail sales were also flat in April and softer-than-expected, and manufacturing output unexpectedly fell.

“Our view for the near term remains that we could see a further stabilisation in USD crosses as markets await the next key data input: April core PCE on 31 May,” said analysts at ING, in a note.

Euro slips ahead of CPI release

In Europe, EUR/USD traded 0.1% lower to 1.0860, having traded as high as 1.0895 in the wake of U.S. inflation release, but the single currency is still up around 0.9% on the dollar this week.

The final reading of the eurozone CPI is due later in the session, and is expected to show inflation rose by 2.4% on an annual basis in April.

The ECB is widely expected to cut interest rates in June, but traders remain unsure of how many more cuts, if any, the central bank will agree to over the course of the rest of the year.

Traders have priced in 70 basis points of ECB cuts this year - a lot more than the just under 50 bps of easing priced in for the Fed.

GBP/USD fell 0.1% to 1.2658, but is still on track for gains of around 1% this week.

The Bank of England is also expected to cut rates from a 16-year high this summer, but volatility is likely to be limited ahead of the release of key U.K. inflation figures next week.

Yen slips after weak Japanese GDP data

In Asia, USD/JPY rose 0.3% to 155.87, close to breaking above 156, after weaker-than-expected Japanese gross domestic product data for the first quarter. 

Description

TOKYO (Reuters) - Oil prices eased in early trade on Thursday as concerns about a potential slowdown in the U.S. economy amid prospects for delayed interest rate cuts outweighed worries over the risk of expanding conflict in the Middle East.

Brent crude futures dipped 9 cents, or 0.1%, to $86.95 a barrel at 0024 GMT, and U.S. West Texas Intermediate crude futures slipped 7 cents, or 0.1%, to $82.74 a barrel. Both benchmarks lost less than 1% on Wednesday.

"Tensions between Iran and Israel have eased, but Israeli attacks on Gaza are expected to worsen, and the risk of conflicts spreading to neighbouring countries is underpinning oil prices," said Toshitaka Tazawa, an analyst at Fujitomi Securities Co Ltd.

"On the other hand, a delayed U.S. interest rate cut has been a source of concern for the U.S. economy and the demand for crude oil, which weighs on oil market," he said.

Israeli warplanes pounded the northern Gaza strip for a second day on Wednesday in a fierce assault that has shattered weeks of comparative calm. Israel also said it was moving forward with plans for an all-out assault on Rafah in the south.

Meanwhile, U.S. business activity cooled in April to a four-month low, with S&P Global saying on Tuesday its flash Composite PMI Output Index, which tracks the manufacturing and services sectors, fell to 50.9 this month from 52.1 in March.

The U.S. Federal Reserve has been spooked by a string of stronger-than-expected inflation and employment readings, which suggest the fight to bring inflation back down to the central bank's 2% target rate has stalled or reversed.