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20 12, 2024

BTC, ETH and XRP crash, wiping $1.17 billion from the market

By |2024-12-20T11:48:16+02:00December 20, 2024|Crypto News, News|0 Comments

  • Bitcoin price closes below $100,000 support level, suggesting a further decline.
  • Ethereum price closes below the $3,522 weekly level, indicating a correction on the horizon.
  • Ripple price retests the $2.21 daily support level; a firm close below would continue the ongoing pullback.

Bitcoin (BTC) price trades below $98,000 on Friday after declining more than 6% this week. Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps, closing below their key support and declining 12% and 4.5%, respectively, this week. 

This recent price drop has triggered a wave of liquation across the crypto market. This downturn has resulted in over $1.17 billion in total liquidations in the last 24 hours and more than $238 million in BTC, $220 million in ETH, and $47 million in XRP, according to data from CoinGlass.

Liquidation chart. Source: Coinglass

Bitcoin price is poised for a decline as it closes below the $100K support level

Bitcoin price reached a new all-time high of $108,353 on Tuesday and declined 7.8% in the next two days, closing below the $100K support level. At the time of writing on Friday, it hovers around $97,500.

If BTC continues its correction, it could extend the decline to retest the $90,000 support level. 

The Relative Strength Index (RSI) on the daily chart reads 49 below its neutral level of 50 and points downwards, indicating bearish momentum. The Moving Average Convergence Divergence (MACD) indicator also showed a bearish crossover on Wednesday, suggesting a downward trend.

BTC/USDT daily chart

BTC/USDT daily chart

However, If BTC recovers and closes above $100,000, it could extend the rally to retest its all-time high (ATH) of $108,353.

Ethereum bears gain momentum 

Ethereum price faced rejection around the $4,000 level on Monday and declined 14% over the next three days, closing below the $3,522 weekly level. At the time of writing on Friday, it trades at around $3,450.

If the $3,522 level holds as resistance and ETH closes below $3,335, it would extend the pullback to retest its next daily support at $3,029.

The RSI on the daily chart reads 42 below its neutral level of 50 and points downwards, indicating strong bearish momentum. 

ETH/USDT daily chart

ETH/USDT daily chart

If ETH breaks and closes above the $3,522 level, it could extend the recovery to retest its $4,000 level.

Ripple bulls show signs of exhaustion

Ripple price faced rejection around the $2.66 level on Tuesday and declined 12.78% in the next two days. At the time of writing on Friday, it bounces off the $2.21 daily support level and trades around $2.33.

If XRP closes below the $2.21 support level, it could extend the decline to retest its next support level at $1.96.

The RSI on the daily chart reads 57 after rejecting the overbought level of 70 on Tuesday, suggesting signs of weakness in bullish momentum. If the RSI slips below the neutral level of 50, it could signal a sharp decline in Ripple price.

XRP/USDT daily chart

XRP/USDT daily chart

If XRP rises and closes above $2.66, it could extend the rally to retest the psychologically important level of $3.00.

Bitcoin, altcoins, stablecoins FAQs

Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.

Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.

Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.

Bitcoin dominance is the ratio of Bitcoin’s market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoin’s interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.

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20 12, 2024

Inspiration for 2025: New Year Resolutions from Women Who Shine

By |2024-12-20T11:42:07+02:00December 20, 2024|Fitness News, News|0 Comments


As we enter 2025, the world again looks to the future with hope, anticipation, and a desire for change. For many, the start of a new year is a chance to reset, reimagine, and refocus on personal and professional goals. Leading this charge are influential women from across the globe—celebrities who inspire us with their talents, resilience, and vision.

In this exclusive feature, we delve into the resolutions and messages from some of the most inspiring women celebrities, showcasing how they plan to make 2025 a year of transformation. Whether focusing on mental health, championing social causes, or embracing new creative ventures, their journeys remind us that every resolution is a step toward becoming our best selves.

Here’s how these remarkable women plan to make 2025 unforgettable.

Photo Credits:
Lori_sapio_photographer

“My resolution for 2025 is to never settle for less than I deserve. Always, always follow my dreams and be true to myself. And if you are really lucky, one day you might find yourself on the cover of Women’s Fitness. Happy New Year.”

Hannah Widmer – Model

Kristen Nuss

“My two 2025 new year resolutions are to spend less time on my phone at night, and get back to and maintain my peak performance weight which is 8lbs lighter than I am at this moment. My message is to get after your goals regardless of how scary they may be. Start small and work your way up. Write your own path if you have to. Just believe in yourself 100% of the time!”

Kristen Nuss – American beach volleyball player,
Six times Gold Medalist FIVB Beach Volleyball World Tour

Taryn Kloth

“Embrace each moment & find the good in the moment as my fiance does so well!”

Taryn Kloth – American beach volleyball player
Bronze Medalist 2023 FIVB Beach Volleyball World Championship

Desi Bartlett

“My resolution for the new year is to honor the importance of mental and emotional health in my physical workouts. My message for women everywhere is to remember that we are whole beings: body, mind, and heart, and they work together for our overall health. Let’s take care of the whole self and not just body parts in 2025. Happy New Year.”

Desi Bartlett –
Yoga, Health and Wellness Expert

Laneah Bryan

“My new year’s resolution is to develop habits to create an attitude of gratitude. To do this I am going to incorporate writing down 3 things that I am grateful/proud of in my morning routine. We all can get so caught up in the future and what we wish to accomplish that we forget to be grateful and proud of what we already have and who we already are. My new year’s wish for Women Fitness subscribers is that you find strength, resilience, and solidarity in the face of adversity. May we continue to rise together this year, supporting each other, as we fight for justice, equality, and freedom. Given the challenges women face, it’s more important than ever that we support one another.”

Laneah Bryan – US Flag Football Athlete
Twice Gold Medalist Flag Football World Championships

Valentina Gottardi

“My New Year’s resolution for 2025 would not only focus on performance, mental toughness and recovery, like in the last few years. I will in fact play in the Beach Volleyball World Tour with a new teammate, and we have committed ourselves to playing a faster and an even more athletic game, contributing to bringing our sport to the next level. This will require perfect technical alignment, clocking of movements, and harmony. No secret sauce anyway: sticking to a structured routine, consistently chasing the smallest improvement, and measuring the daily progress is the key to long-term growth. And doing it with someone at your side having the same goals, makes it fun! My message for the Women Fitness viewers and subscribers is to enjoy any change in your life; in most of the cases they come unplanned, but they bring along always new opportunities. It is up to you to chase them!”

Valentina Gottardi – Italian beach volleyball player
Silver medal at the European Championship

Disclaimer
The Content is not intended to be a substitute for professional medical advice, diagnosis, or treatment. Always seek the advice of your physician or other qualified health provider with any questions you may have regarding a medical condition.



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20 12, 2024

XAG/USD moves below $29.00 near three-month lows

By |2024-12-20T11:10:42+02:00December 20, 2024|Forex News, News|0 Comments


  • Silver hovers near a three-month low at $28.74, which was recorded in the previous session.
  • A non-yielding Silver struggles as central banks emphasize the need for caution regarding additional rate cuts.
  • The demand concerns for Silver metal increase due to potential tariffs from the upcoming Trump administration.

Silver price (XAG/USD) continues its losing streak that began on December 12, trading around $28.90 per troy ounce during the Asian session on Friday. The price of the grey metal reached a fresh three-month low at $28.74 in the previous session.

The non-yielding assets like Silver receive downward pressure as central banks emphasize the need for caution regarding additional rate cuts. Fed Chair Jerome Powell emphasized the need for caution regarding additional rate cuts, noting that inflation is likely to remain persistently above the central bank’s 2% target.

Moreover, the Bank of Japan (BoJ) maintained its ultra-low interest rates on Thursday as President-elect Donald Trump’s tariff threats loomed over Japan’s export-driven economy. Meanwhile, the Bank of England (BoE) kept interest rates unchanged, with policymakers divided on the appropriate response to the country’s slowing economic growth. On Friday, the People’s Bank of China (PBoC) decided to keep its Loan Prime Rates (LPRs) unchanged.

Concerns about potential tariffs from the upcoming Trump administration have heightened worries about weak demand for Silver as an industrial input, causing the metal to underperform in the fourth quarter. Additionally, Silver prices face challenges due to the constrained industrial outlook, driven by overcapacity in China’s solar panel industry, which has led photovoltaic companies to join a government self-discipline program to regulate supply.

Silver FAQs

Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.

Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.

Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.

Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.



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20 12, 2024

Drops Amid USD Strength -Video

By |2024-12-20T09:49:10+02:00December 20, 2024|Forex News, News|0 Comments

  • As you can see, the Euro initially did rally against the US dollar during the trading session on Thursday, but it has been slapped right back down.
  • I think it’s probably only a matter of time before the Euro drops down to the parity level, possibly lower than that, because there is really nothing good about the European Union at the moment.
  • In fact, I think there are some serious structural issues that will come to the forefront of attention soon.

EU is a Mess

We have countries, parliaments, governments collapsing, we have the US dollar strengthening anyways. And then we have a situation where interest rates in America continue to go to the upside. In America, while in Europe, the ECB is likely to continue to see a lot of reasons to put interest rates going forward. So that makes the US dollar much more attractive. Furthermore, the US economy is infinitely stronger than most of the European economies.

While We Are at Low Levels…

So, all things being equal, we are at an extraordinarily low level. But I think we will go lower. This is a market that I short every time we get a little bit of a bounce for short term trades, mainly due to the time of year, the market will face some liquidity issues over the next couple of weeks. And there could be a nice rally due to short covering as we had into New Year’s Day. But that should be thought of as a potential opportunity. It’s really not until we break above the 1.0650 level that I would consider going long. That’s three full handles from here. And even then, I would be a bit cautious. I think rallies are to be squashed just like we’ve seen during the trading session on Thursday.

Ready to trade our Forex EUR/USD daily forecast? We’ve shortlisted the best forex broker list for you to check out. 

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20 12, 2024

Samdrupcholing tea sees steady growth in demand

By |2024-12-20T09:48:11+02:00December 20, 2024|Dietary Supplements News, News|0 Comments


The Cooperative is planning to lease 100 acres of state land to expand cultivation

Lhakpa Quendren

Trongsa—With a growing appetite for healthier beverages, Black Mountain Green Tea, a cooperative in Samdrupcholing, Trongsa, offers a range of organic teas, from traditional Suja to green tea.

The Cooperative introduced oolong and black tea earlier this year and plans to launch Bhutanese Matcha and white tea in 2025.

Rinchen Lhamo, 34, chairperson of Samdrupcholing Ngoja Tshonglay Detshen, said that since Matcha tea production requires shade for the plants, the cooperative plans to secure green netting for the plantation. “We also plan to propose training in white tea production,” she said.

The Queen’s Project, through the Thailand International Cooperation Agency, supported training in 2022 to launch new brands.

Samdrupcholing tea sees steady growth in demand

The Cooperative has 34 women members

The Department of Agricultural Marketing and Cooperatives has facilitated packaging solutions, while the Join Together Society Korea, a non-governmental organisation under the Jungto Society founded by Korean Buddhist master Pomnyun Sunim, provided advanced tea-bagging equipment.

“He has also assured us of marketing support if our packaging meets international standards,” Rinchen Lhamo said.

Crafted from high-quality Camellia sinensis leaves, the Cooperative’s small-batch organic teas have garnered a growing following. Available in loose-leaf and bagged varieties, these teas are seeing increase in demand for its unique flavours.

“Since launching the brands, our products have been well received by consumers,” Rinchen Lhamo said.

Social media has played a pivotal role in promoting the products. “Social media has supported our marketing efforts, and we expect our products to stay top of mind for consumers,” she said.

Last year, packaging challenges caused delays in payments to members, as the products could not be sold by the end of the year. “We only finished the products recently. While we struggled to meet external demand, there was a lack of customers in the local market,” Rinchen Lhamo said.

But hope is not lost. The market has now expanded both locally and internationally, including to the US, Canada, and the Netherlands.

The products are also available at the CSI Market in Thimphu and marketing links have been established with local businesses.

Despite its successes, the Cooperative faces obstacles, particularly exports of its products to international markets. High air freight costs significantly raise the price of exports, deterring potential buyers.

“Some foreign agents have suggested sea freight as a cheaper alternative, but we need government support to overcome these barriers,” Rinchen Lhamo said.

The cooperative is a lifeline for its 34 women members across eight villages in Dragteng gewog. Many rely entirely on tea cultivation for their livelihood, with annual earnings ranging from Nu 40,000 to Nu 700,000, depending on land size and labour availability.

“My three-acre plot is fully dedicated to tea, leaving no space even for a kitchen garden,” Rinchen Lhamo said.

The tea plantation, which started on 47 acres in 2009, now covers about 100 acres. The Cooperative also plans to lease 100 acres of state land to help members expand cultivation.

The Cooperative also plans to remodel the two-storey government building, currently used as an outlet, into a café to create employment opportunities for its members.

Members bring the harvested tea to the outlet, where it is processed and packaged.

The Cooperative was launched in April 2009 with 27 founding members, following the tea plants initially planted by the Department of Forest and Park Services to prevent landslides. About 40 members deregistered due to the labour-intensive nature of work and minimal returns.

Residents believe that tea plants were sourced from Samdrupcholing Palace, where the Second Druk Gyalpo, Jigme Wangchuck, personally nurtured the tea brought from Sikkim.

With government support, members have received training in Nepal, Japan, China, and India. In 2018, the cooperative was honoured with the prestigious Best Green Tea Producers Award by the Indian government.

The Cooperative sells Oolong and black tea at Nu 200 per packet, green tea at Nu 180, and Suja at Nu 120 while tea is also available at Nu 3,380 per kilogramme (kg).  Members receive Nu 2,780 per kg, while Nu 600 is deposited into the Cooperative’s account for maintenance, bills, packaging, and transportation.



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20 12, 2024

Why could SOL decline further?

By |2024-12-20T09:47:02+02:00December 20, 2024|Crypto News, News|0 Comments

  • Solana price closes below the 200-day EMA support at $196 after declining more than 13% this week.
  • This recent decline has led to $38 million in total liquidations, with over $33 million coming from long positions.
  • Traders should remain cautious as SOL’s TVL declined more than 7% in one day.

Solana (SOL) price trades in red below $194 on Friday after declining more than 13% this week. The recent downturn has led to $38 million in total liquidations, with over $33 million coming from long positions. Traders should remain cautious as SOL’s Total Value Locked (TVL) declined more than 7% in one day, hinting at a double-digit correction ahead.

Solana price is set for a downturn as it closes below $196 support level

Solana price faced resistance around the $230 level on Tuesday. SOL declined 13% in the next two days, closing below the daily support level of $201.85 and the 100-day Exponential Moving Average (EMA) at $196 on Thursday. At the time of writing on Friday, it trades below the 100-day EMA around $194.

If the $201.85 level holds as resistance, SOl will extend the decline by 10% to retest its next support at $174.85, 200-day EMA.

The Relative Strength Index (RSI) indicator on the daily chart reads 35, below its neutral level of 50 and points downwards, indicating a strong bearish momentum.

SOL/USDT daily chart

The recent price drop on Thursday triggered a wave of liquidation, removing leverage traders’ position across the SOL ecosystem. This downturn has resulted in over $38.86 million in total liquidations, with $33.57 million coming from long positions, according to data from CoinGlass.

Liquidations like this could spark Fear, Uncertainty, and Doubt (FUD) among SOL investors, raising selling pressure and leading to a further decline in its price.

SOL Total Liquidations Chart. Source: Coinglass

SOL Total Liquidations Chart. Source: Coinglass

Another factor adding a bearish outlook for Solance is a sharp decline in its Total Value Locked (TVL). According to data from DefiLlama, SOL TVL declined from 11.22 billion to $10.35 billion, falling more than 7% in one day. A similar fall in TVL was observed on August 3 and October 29, after which the prices had declined more than 10% in a few days. If history repeats, SOL could face a similar price decline. 

SOL TVL chart. Source: DefiLlama

SOL TVL chart. Source: DefiLlama

Even though on-chain metrics and technical analysis support the bearish outlook, the thesis would be invalidated if the SOl price recovers and closes above the $201.8 resistance level. This recovery would lead to a price rally to retest its next resistance level at $230.

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20 12, 2024

Dangers of Eating Shrimp – Women Fitness

By |2024-12-20T09:41:01+02:00December 20, 2024|Fitness News, News|0 Comments


In fact, the latest scientific research shows that eating shrimp is hazardous to your health. The following are the top 10 reasons to keep prawns off your plate:

1- Poop Cocktail

During cleaning, shrimp have their legs torn off and are decapitated and disemboweled. As their bowels are ripped out, poop spills out and often gets all over the shrimp.

2- Extra Skin

Shrimp are bottom dwellers who feed on parasites and skin that they pick off dead animals. This means that every mouthful of scampi you eat comes with digested parasites and dead skin.

3- Juiced Jambalaya

Most of the shrimp consumed comes from places that have no restrictions on traces of illegal contaminants such as dioxins, PCBs, and other banned chemicals or on pumping the shrimp full of hormones and antibiotics!

4- Dolphin-Safe Shrimp?

Trawling is taking a toll on the legions of wild creatures, including dolphins, who make the sea their home. Nets don’t discriminate.

5- Farming Destroys Fish Too

Shrimp farming is fatal to fish! Because it takes up to 3 pounds of wild-caught fish to feed and produce a single pound of farmed shrimp, shrimp farming is causing fish populations to plummet.

Dangers of Eating Shrimp – Women Fitness

6- Slave Labor

Almost all shrimp farms and shrimp processing plants are located in developing countries, where workers are forced to work long hours for minimal pay. Eating meat supports unethical employers!

7- Too Neat to Eat!

    With more than 2,500 species of shrimp, scientists are just beginning to scratch the surface of these fascinating animals largely unknown behavioral characteristics.

    8- Cholesterol Bombs

    With a whopping 152 milligrams of cholesterol per 100-gram serving of shrimp (four or five shrimp), just two servings would put you over the daily recommended allowance of 300 milligrams of cholesterol!

    9- Bad Karma

      Many major world religions, including Judaism, treat shrimp as dirty meat. If you’re hell-bent on good karma, better ditch the shrimp.

      10- Shrimply Fantastic Faux!

        Forget the reel deals More and more sham shrimp are making their way onto restaurant menus. You can also trawl the frozen-food section of your local supermarket or specialty store to find faux shrimp and dozens of other mock meats.

        If you’re fishing for a heart-smart diet that is healthy, fish-friendly, and good for the environment, a vegetarian diet is the perfect catch. Plant-based diets have proved to actually reverse heart disease and reduce the risk of cancer, diabetes, and obesity.

        Disclaimer
        The Content is not intended to be a substitute for professional medical advice, diagnosis, or treatment. Always seek the advice of your physician or other qualified health provider with any questions you may have regarding a medical condition.



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20 12, 2024

What New SEC Chair Means For ETH Price While JetBolt Surges

By |2024-12-20T07:46:05+02:00December 20, 2024|Crypto News, News|0 Comments

Ethereum (ETH) and JetBolt (JBOLT) are making headlines as the crypto landscape evolves under the potential pro-crypto leadership of Paul Atkins, the newly nominated Securities and Exchange Commission (SEC) chair. With Ethereum reaching $3,793.34, its highest price since June, and JetBolt selling over 100 million tokens during its presale, both projects are capturing attention for different reasons. Ethereum’s rally is fueled by institutional inflows into spot ETH ETFs, while JetBolt’s innovative features position it as a unique contender in the highly volatile altcoin market.

Could ETH’s price see another breakout as regulatory changes loom? And what does JetBolt’s surge suggest for the next generation of cryptocurrencies? Let’s explore.

Ethereum Price Prediction: Could a New SEC Chair Propel ETH Toward Another Breakout?  

Ethereum, currently trading at $3,793.34, has risen by 58.21% this month as institutional interest intensifies. A $132 million net inflow into spot Ethereum ETFs on Dec. 3 highlights growing confidence, with Fidelity and BlackRock leading the way. These inflows reflect a broader shift toward mainstream adoption, setting the stage for Ethereum’s continued upward trajectory.  

The recent increase in open interest to $25 billion underscores heightened activity in the futures market, suggesting that leveraged positions are driving momentum. Crypto analyst VentureFounder identified a “cup and handle” formation on Ethereum’s chart and projected a potential rise to $7,346 if key resistance levels are breached.  

Two-week Analysis Chart of ETH/USD (Credit: Venturefounder/X)

Two-week Analysis Chart of ETH/USD (Credit: Venturefounder/X)

The nomination of Paul Atkins as SEC chair has further fueled optimism for ETH’s price. Atkins is known for his pro-crypto stance, which contrasts sharply with outgoing chair Gary Gensler’s regulatory crackdown. Analysts believe this leadership change could pave the way for more crypto-friendly policies, potentially accelerating the approval of additional Ethereum ETFs and fostering institutional participation.  

However, the shifting regulatory landscape isn’t just about established players like ETH. It also creates space for innovative newcomers like JetBolt to thrive.  

Why Is JetBolt (JBOLT) Surging During Its Presale?

JetBolt (JBOLT) is carving its own path by addressing the fundamental challenges that have hindered blockchain’s broader adoption. JetBolt has emerged as an exciting project in the altcoin space, offering groundbreaking features and a user-focused ecosystem that redefines what cryptocurrency can deliver.

Powered by the Skale network, JetBolt’s zero-gas technology eliminates gas fees entirely, enabling users to perform transactions at a fraction of the traditional cost. This approach positions JetBolt as a practical and accessible alternative for developers and casual users alike.

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JetBolt goes beyond cost-efficiency by incorporating unique tools and features that enhance the blockchain experience. Its AI-powered news aggregator stands out as a particularly engaging innovation. By curating third-party news articles and categorizing them by sentiment, such as bullish or bearish, JetBolt makes staying informed about the crypto landscape simple and enjoyable. 

Staking is another area where JetBolt excels. Moving away from traditional staking models that can feel static, JetBolt introduces a dynamic approach, rewarding users for active engagement within the ecosystem. 

JetBolt’s success is further highlighted by its presale, where over 100 million tokens have been sold. Early adopters benefit from unique incentives, including up to 25% bonus tokens through Alpha Boxes and daily price increases that reward timely participation. This strong presale performance not only highlights the excitement surrounding JetBolt but also establishes it as a token to watch in the evolving cryptocurrency market.

Ethereum Price Prediction: What New SEC Chair Means For ETH Price While JetBolt SurgesEthereum Price Prediction: What New SEC Chair Means For ETH Price While JetBolt Surges

Final Thoughts on Ethereum Price Prediction While JetBolt Surges

Ethereum’s bullish trajectory, supported by institutional interest and potential regulatory clarity under new SEC leadership, could see its price break through key resistance levels. As Ethereum looks poised for further growth, JetBolt’s surge underscores the appetite for user-centric solutions that address real blockchain challenges. The coming months will reveal just how far JetBolt’s momentum can carry it in shaping the next era of crypto innovation.

Head to the official JetBolt website today for more details on JetBolt’s surging presale. 

The content of this article is for informational purposes only and should not be perceived as financial advice. Cryptocurrencies carry risks and can be volatile. Readers are encouraged to conduct their own research before engaging with any blockchain project.



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20 12, 2024

XAG/USD finds cushion near $29, outlook remains uncertain

By |2024-12-20T07:08:05+02:00December 20, 2024|Forex News, News|0 Comments


  • Silver price finds an interim cushion near $29.25 but its outlook remains vulnerable.

  • Higher bond yields due to the Fed’s hawkish guidance have weighed on the Silver price.

  • The Fed sees only two interest rate cuts in 2025.

Silver price (XAG/USD) finds temporary support near $29.25 on Thursday after plunging almost 4% on Wednesday. The outlook of the white metal remains bearish as the Federal Reserve (Fed) has signaled fewer interest rate cuts for 2025 after cutting them by 25-basis points (bps) to 4.25%-4.50%.

The Fed’s hawkish remarks for the next year have resulted in a rally in the US Dollar (USD) and Treasury yields. The US Dollar Index (DXY), which tracks the greenback’s value against six major currencies, dropped to near 107.90 in Thursday’s European session after refreshing a two-year high of around 108.30.

10-year US Treasury yields advance above 4.50%. Higher yields on interest-bearing assets increase the opportunity cost of holding an investment in non-yielding assets, such as Silver.

The Fed’s dot plot showed that policymakers see the Federal Funds rate heading to 3.9% by 2025, suggesting two interest rate cuts next year. In the September meeting, officials had forecasted four interest rate cuts collectively.

The Fed guided a slower policy-easing cycle as the United States (US) inflationary pressures appear to have stalled in the past few months. Meanwhile, Fed Chair Jerome Powell acknowledged that strong growth in the second half of the year is a major reason to move cautiously on interest rates.

Silver technical analysis

Silver price slides to near the 200-day Exponential Moving Average (EMA), which trades around $29.40. The white metal weakened after breaking below the November low of $29.65. The asset has also tested the upward-sloping trendline around $29.50, which is plotted from the February 29 low of $22.30

The 14-day Relative Strength Index (RSI) dropped inside the bearish 20.00-40.00 range, indicating a downward trend ahead.

Looking down, the September low of $27.75 would as key support for the Silver price. On the upside, the 50-day EMA around $31.00 would be the barrier.

Silver FAQs

Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.

Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.

Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.

Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.

 



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20 12, 2024

USD/JPY Fed Breakout Testing Key Resistance

By |2024-12-20T05:47:29+02:00December 20, 2024|Forex News, News|0 Comments

Japanese Yen Technical Forecast: USD/JPY Weekly / Daily Trade Levels

  • USD/JPY post-FOMC breakout extends more than 6.1% off December low
  • USD/JPY bulls testing major pivot zone at uptrend resistance- US Core PCE on tap tomorrow
  • Resistance 157.16/89 (key), ~159.50s, 160.40/73- Support 151.90-152, ~151.16, 148.73-149.60 (key)

The Japanese Yen is poised to mark a third consecutive weekly decline against the US Dollar with USD/JPY surging to fresh multi-month highs on the back of the Fed rate decision. The rally takes price into a critical pivot zone and while the broader outlook remains constructive, we’re looking for possible inflection here in the days ahead. Battle lines drawn on the USD/JPY weekly technical chart into the close of the year.

Review my latest Weekly Strategy Webinar for an in-depth breakdown of this Yen setup and more. Join live on Monday’s at 8:30am EST.

Japanese Yen Price Chart – USD/JPY Weekly

 

Chart Prepared by Michael Boutros, Sr. Technical Strategist; USD/JPY on TradingView

Technical Outlook: In last month’s Japanese Yen Technical Forecast we highlighted potential for a larger correction within the September uptrend in USD/JPY while noting that, “From a trading standpoint, look to reduce short-exposure / lower protective stops on a stretch towards 150 IF reached. Ultimately, we are looking for an exhaustion low ahead of 148 for the September rally to remain viable with a breach / close above 154.34 needed to mark uptrend resumption.” Price plunged nearly 5.2% off the November highs with USD/JPY registering an intraday low at 148.64 into the monthly open before rebounding.

The US Dollar is now poised to mark a third consecutive weekly advance with the recovery extending more than 6.1% off the December low on the heels of the FOMC rate decision. The rally takes USD/JPY towards a major resistance hurdle just higher at 157.17/89– a region defined by the 78.6% retracement of the yearly range and the July breakdown close. Note that the 2020 parallel converges on this zone over the next few weeks and further highlight the technical significance of this threshold.

Initial weekly support now rests back at the 1986 low / 1998 & 2022 high at 151.90-152 and is backed closely by the 52-week moving average (currently ~151.16). Broader bullish invalidation now raised to the 2022 high-close / 2023 high-week close (HWC) at 148.73-149.60– a break / close below this threshold would suggest a more significant high is in place / a larger reversal is underway. Ultimately, a break below the 61.8% retracement at 146.29 would be needed to put the bears in control.

A topside breach / close above this key pivot zone exposes subsequent resistance objectives at the upper parallel (blue slope near 159.50s) and the 1990 high / 2024 HWC at 160.40/73. Ultimately, a close above the swing highs at 161.95 would be needed to fuel the next major leg of the multi-year uptrend in USD/JPY (look for a larger reaction there IF reached).

Get our exclusive guide to USD/JPY trading in Q4 2024

Bottom line: The USD/JPY rally is now approaching major technical resistance, and the focus is on possible inflection into this threshold. From a trading standpoint, look to reduce portions of long-exposure / raise protective stops on a test of 157.16/89- losses should be limited to 152 IF price is heading higher on this stretch with a close above this pivot zone needed to mark resumption of the September uptrend.

Keep in mind we get the release of key US inflation data tomorrow with the Consumer Price Expenditure (PCE) expected to show a slight uptick to 2.9% y/y in November. Stay nimble into the release watch the weekly close here for guidance. Review my latest Japanese Yen Short-term Outlook for a closer look at the near-term USD/JPY technical trade levels.

USD/JPY Key Economic Data Releases

Japan US Economic Calendar- USDJPY Data Releases-12-19-2024 

Economic Calendar – latest economic developments and upcoming event risk.

Active Weekly Technical Charts

— Written by Michael Boutros, Sr Technical Strategist

Follow Michael on X @MBForex

 



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