FinixytaUntitled post
Fed Whispers, ECB Echoes, and Bitcoin’s Low-Key Rebellion The past forty-eight hours have been an exercise in central-bank monotony—punctuated only by bond traders shrugging and crypto speculators holding their breath. If you tuned out after the Fed’s ritualistic pause on Thursday, here’s everything you actually need to know. The Fed held the federal-funds rate at 5.25–5.50%, citing “moderate further progress” on 3.1% core PCE. Translation: inflation is stubborn, but they’d rather stall than ...
FinixytaCentral Banks Play Chicken, Crypto Toasts Champagne, and Markets Shrug
Central Banks Play Chicken, Crypto Toasts Champagne, and Markets ShrugOh, the holidays are here, and what better gift than another central bank rate cut wrapped in dovish ribbon? The Bank of England slashed its benchmark to 3.75% yesterday—13 basis points lower than whispers suggested—citing "progress on inflation" while pretending the UK's productivity black hole isn't widening. MPC minutes drip with caveats: wage growth stubborn at 5%, services inflation lurking above 4%. Translation? They'...
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FinixytaTHORChain's RUNE Token Rides the Coattails of Bitcoin's Strength
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FinixytaTHORChain's RUNE Token Rides the Coattails of Bitcoin's Strength
FinixytaUntitled post
Fed Whispers, ECB Echoes, and Bitcoin’s Low-Key Rebellion The past forty-eight hours have been an exercise in central-bank monotony—punctuated only by bond traders shrugging and crypto speculators holding their breath. If you tuned out after the Fed’s ritualistic pause on Thursday, here’s everything you actually need to know. The Fed held the federal-funds rate at 5.25–5.50%, citing “moderate further progress” on 3.1% core PCE. Translation: inflation is stubborn, but they’d rather stall than ...
FinixytaCentral Banks Play Chicken, Crypto Toasts Champagne, and Markets Shrug
Central Banks Play Chicken, Crypto Toasts Champagne, and Markets ShrugOh, the holidays are here, and what better gift than another central bank rate cut wrapped in dovish ribbon? The Bank of England slashed its benchmark to 3.75% yesterday—13 basis points lower than whispers suggested—citing "progress on inflation" while pretending the UK's productivity black hole isn't widening. MPC minutes drip with caveats: wage growth stubborn at 5%, services inflation lurking above 4%. Translation? They'...
FinixytaEURC: Circle’s Euro Stablecoin Now Available on Base
EURC: Circle’s Euro Stablecoin Now Available on Base Key Points Circle Expands EURC to BaseNew Listing: Circle has listed its Euro stablecoin, EURC, on the Ethereum Layer-2 solution, Base. This follows the listing of Circle’s USDC on Base last year.Supporting Platforms: The launch is supported by multiple crypto exchanges and DeFi protocols, including Aerodrome, Coinbase, Coinbase Wallet, and Uniswap Labs.Market PositionCurrent Market Cap: EURC has a market capitalization of $38 million, rank...
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THORChain's RUNE Token Rides the Coattails of Bitcoin's Strength
In the past two weeks, THORChain's RUNE token has been one of the top performers among the top 100 cryptocurrencies, with a whopping 23% increase in value over the past week alone.
RUNE's Recent Rally
The decentralized cross-chain liquidity protocol has been on a tear, with its token price surging over 7% in the past 24 hours to reach $4.52. This marks a significant recovery from its recent dip to $3.74, and has THORChain's RUNE token closing in on its recent highs.
What's Driving the Rally?
The recent strength in RUNE's price can be attributed to the growing adoption of THORChain's decentralized liquidity protocol, as well as the overall strength of the cryptocurrency market. With swaps totaling $35 billion in the first six months of 2024, THORChain's transaction volume has more than doubled compared to the entire year of 2023.
What's Next for RUNE?
If RUNE can break above the recent resistance level of $4.67, it could set the stage for further gains towards the resistance zone around $5.51. From there, the token could potentially reach the intermediate highs of May 2024, around $7.40. However, if the bears regain control, RUNE could fall back to the support level around $3.12.
The Road Ahead
The next few weeks will be crucial in determining the direction of RUNE's price. If the bulls can maintain their momentum and push the token above the recent highs, it could set the stage for a potential breakout towards the all-time highs around $16.38. However, if the bears regain control, RUNE could fall back to the support level around $2.50, or even lower to the breakout level around $2.24.
Conclusion
In conclusion, THORChain's RUNE token has been on a tear in recent weeks, driven by the growing adoption of its decentralized liquidity protocol and the overall strength of the cryptocurrency market. While there are risks involved, the token's recent rally suggests that it could have further upside potential in the coming weeks and months.
For more content check out our Blog: https://finixyta.com/the-art-of-effortless-success-redefining-work-and-finding-your-passion/
THORChain's RUNE Token Rides the Coattails of Bitcoin's Strength
In the past two weeks, THORChain's RUNE token has been one of the top performers among the top 100 cryptocurrencies, with a whopping 23% increase in value over the past week alone.
RUNE's Recent Rally
The decentralized cross-chain liquidity protocol has been on a tear, with its token price surging over 7% in the past 24 hours to reach $4.52. This marks a significant recovery from its recent dip to $3.74, and has THORChain's RUNE token closing in on its recent highs.
What's Driving the Rally?
The recent strength in RUNE's price can be attributed to the growing adoption of THORChain's decentralized liquidity protocol, as well as the overall strength of the cryptocurrency market. With swaps totaling $35 billion in the first six months of 2024, THORChain's transaction volume has more than doubled compared to the entire year of 2023.
What's Next for RUNE?
If RUNE can break above the recent resistance level of $4.67, it could set the stage for further gains towards the resistance zone around $5.51. From there, the token could potentially reach the intermediate highs of May 2024, around $7.40. However, if the bears regain control, RUNE could fall back to the support level around $3.12.
The Road Ahead
The next few weeks will be crucial in determining the direction of RUNE's price. If the bulls can maintain their momentum and push the token above the recent highs, it could set the stage for a potential breakout towards the all-time highs around $16.38. However, if the bears regain control, RUNE could fall back to the support level around $2.50, or even lower to the breakout level around $2.24.
Conclusion
In conclusion, THORChain's RUNE token has been on a tear in recent weeks, driven by the growing adoption of its decentralized liquidity protocol and the overall strength of the cryptocurrency market. While there are risks involved, the token's recent rally suggests that it could have further upside potential in the coming weeks and months.
For more content check out our Blog: https://finixyta.com/the-art-of-effortless-success-redefining-work-and-finding-your-passion/
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