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Upcoming economic events 10 April 2024

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Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious02:003 pointsRBNZ Interest Rate Decision5.50%5.50%02:002 pointsRBNZ Rate Statement  ------------------08:002 pointsNew Loans3,700.0B1,450.0B12:303 pointsCore CPI (MoM) (Mar)0.3%0.4%12:302 pointsCore CPI (YoY) (Mar)3.7%3.8%12:303 pointsCPI (YoY) (Mar)3.4%3.2%12:303 pointsCPI (MoM) (Mar)0.3%0.4%12:452 pointsFOMC Member Bowman Speaks  ------------------14:303 pointsCrude Oil Inventories2.415M3.210M14:302 pointsCushing Crude Oil Inventories----------0.377M17:003 points10-Year Note Auction---------4.166%18:002 pointsFederal Budget Balance (Mar)-191.2B-296.0B18:003 pointsFOMC Meeting Minutes  ------------------ Read more about Upcoming economic events 10 April 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

Market Anticipates Bitcoin Surge to $100K, Options Trading Signals

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In an unprecedented move signaling market confidence, over 600 Bitcoin call options with a $100,000 strike price were executed earlier today, marking a notable transaction in the cryptocurrency options market. This substantial activity, reported by Greeks.live, represented a notional value of approximately $45 million, with premiums paid by traders amounting to $8.5 million. Such a significant investment underscores the prevailing optimistic outlook toward Bitcoin's potential to reach or surpass the $100,000 threshold. This surge in trading activity comes amidst a broader bullish wave within the cryptocurrency sector, highlighted by Bitcoin's impressive 4% increase today alone, pushing its value beyond the $71,000 mark. This uptrend follows a week characterized by nearly $570 million in net inflows into spot Bitcoin Exchange-Traded Read more about Market Anticipates Bitcoin Surge to $100K, Options Trading Signals #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonew...

Binance US Executive Faces Legal Battle in Nigeria Over Money Laundering Claims

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In a significant development unfolding within the corridors of Nigerian judiciary, Tigran Gambaryan, a high-ranking executive of Binance U.S., firmly rebuffed accusations of money laundering in an Abuja High Court on April 8. Gambaryan, standing before the Nigerian Federal High Court, articulated his plea of not guilty as the Nigerian government launched legal proceedings against the leading cryptocurrency exchange. Amidst the legal contention, the defense counsel for Gambaryan contended that their client was unjustly targeted, asserting that the blame could not be squarely placed on him for the actions purportedly undertaken by Binance Holdings Limited. They highlighted a procedural misstep, claiming that the prosecution had not properly served the company. In a plea for judicial clemency, Binance, on April 3, sought Gambaryan’s l Read more about Binance US Executive Faces Legal Battle in Nigeria Over Money Laundering Claims #Binance, #Blockchain, #Cryptocurrency, #Cryptomarket, ...

Upcoming economic events 9 April 2024

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Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious01:302 pointsNAB Business Confidence (Mar)---------008:002 pointsNew Loans3,700.0B1,450.0B16:002 pointsEIA Short-Term Energy Outlook------------------17:002 points3-Year Note Auction---------4.256%20:302 pointsAPI Weekly Crude Oil Stock----------2.286M Read more about Upcoming economic events 9 April 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

Dogecoin's Notable Ascent: Breaching the $0.20 Threshold with a 10% Surge

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In a remarkable display of market dynamics, Dogecoin (DOGE), the cryptocurrency that began its journey adorned with canine motifs, has experienced a significant uptick, ascending over 10% to transcend the $0.20 threshold in the last 24 hours. This upward trajectory extends from a series of gains that commenced on April 6, where it saw a 7% increase to eclipse the $0.18 mark, following a period of equilibrium earlier in the week. Market analysts have pinpointed the catalyst behind this surge to a noteworthy transfer involving 200 million Dogecoins from the trading platform Robinhood to an unidentified wallet, igniting speculative discussions within the cryptocurrency community regarding DOGE's potential to attain the esteemed $1 mark. The transaction, amounting to approximately $35.45 million, was monitored and reported by Whale Read more about Dogecoin's Notable Ascent: Breaching the $0.20 Threshold with a 10% Surge #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday,...

Upcoming economic events 8 April 2024

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Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious01:302 pointsHome Loans (MoM)2.3%-4.6%15:002 pointsNY Fed 1-Year Consumer Inflation Expectations---------3.00%22:002 pointsNZIER Business Confidence (Q1)----------2%23:002 pointsFOMC Member Kashkari Speaks------------------ Read more about Upcoming economic events 8 April 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

Navigating Seasonal Trends: Coinbase's Outlook on Bitcoin's Next Halving Event

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In a recent elucidation, Coinbase, the prominent cryptocurrency exchange, delved into the dynamics currently influencing the cryptocurrency market. The exchange highlighted a noticeable deceleration in overall crypto volumes, attributing it to the market's quest for a compelling narrative to catalyze its next growth phase. Amidst this backdrop, the Bitcoin halving event, anticipated to occur around April 20 or 21, emerges as a potential pivotal moment. This event, historically a precursor to significant price adjustments, is poised to encounter the inherent challenges of what is traditionally considered a sluggish period for crypto markets, alongside other risk-laden assets. According to Coinbase's April 5 market commentary, while the Bitcoin halving stands as a prospective trigger for price escalation, it must navigate through Read more about Navigating Seasonal Trends: Coinbase's Outlook on Bitcoin's Next Halving Event #Bitcoin, #Cryptocurrency, #Cryptomarket, #Crypto...

BlackRock Expands Bitcoin ETF Sphere, Welcoming Top Wall Street Firms as Participants

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BlackRock, heralded as the globe's premier asset management behemoth, has strategically augmented its cadre of authorized participants (APs) for its pioneering spot Bitcoin ETF, enlisting venerable Wall Street titans including Citi, Citadel, Goldman Sachs, and UBS. This expansion elevates the total number of APs to nine, a testament to BlackRock's commitment to broadening the accessibility and liquidity of Bitcoin investments through traditional financial channels. The disclosure, attached as an amendment to the ETF’s Form S-1 and submitted to the U.S. Securities and Exchange Commission (SEC) on April 5, underscores the asset manager's proactive stance in the evolving landscape of cryptocurrency-based financial products. This move comes in the wake of concerted efforts by BlackRock and its peers to navigate the final stages of the S Read more about BlackRock Expands Bitcoin ETF Sphere, Welcoming Top Wall Street Firms as Participants #BitcoinETF, #BlackRock, #BTCETF, #Crypto...