Gate News: Latest Crypto News and Cryptocurrency Prices

01:37

Whale James Wynn shared a Close Position remark: (Traders) should know when to take profits and never count money at the table.

BlockBeats news, on May 25, Whale James Wynn expressed his closing position remarks on the X platform, stating: "(Traders) need to know when to hold on, when to give up, when to leave, and when to get on board. Never count money at the table; after the trade is done, there is plenty of time to count the money." Previously, it was reported that Whale James Wynn had closed a long position worth $1.2 billion in BTC this morning, with a single loss of about $13.39 million.

BTC2.77%

15:09

Institutional analysis: The dollar still has room to pump in the short term

On February 28, Monex Europe analysts said in a report that the dollar may continue to be supported in the short term after Trump said that he would implement tariffs on Canada and Mexico as scheduled next week. As the March 4 tariff implementation date approaches, the USD is likely to continue pumping. There is still plenty of room for the market to price in additional tariff risk, which should be positive for the US dollar and the safe-haven demand from global economic rise fears.

TRUMP2.77%

08:20

Lark Davis: The current pullback is not the end of the bull run, the market still has plenty of fuel

Odaily Planet Daily News According to encryption KOL and industry analyst Lark Davis, based on historical data analysis, the current pullback in the encryption market is not the end of the Bull Market. It states: 'In December 2020, after a 77% rise from October to November, BTC experienced a 12% pullback. Subsequently, it surged from $17,000 to $41,000 in the next 23 days (a 136% increase).' Similar things are happening now, after a sharp rise in the fourth quarter, Bitcoin has fallen by 13%. It's not necessarily the bottom, we may see another pullback.

BTC2.77%

20:26

Open market 'micro-operations' reflect the 'plenty of money' in the capital market

Jinshi data, August 6th, experts analyzed that the Central Bank's operating amount of 670 million yuan on August 5th indicates that the current market is relatively abundant with funds, and the demand for financing from Financial Institutions to the Central Bank is not high. At present, the 7-day reverse repo interest rate of the Central Bank is 1.7%, while the latest DR007 (interbank market deposit-type institution 7-day bond repo interest rate) in the market is 1.69%. This means that even if Financial Institutions have funding needs, it is more cost-effective to finance directly from the market than from the Central Bank.

03:37

June 5th, Jinshi data, UBS expects that the price of gold will approach $2800 per ounce in the next two years. The continued macroeconomic uncertainty and geopolitical risks will continue to drive strong demand for gold from central banks around the world. UBS has raised its annual average gold price forecast to 2028, as shown in the specific adjustments in the chart below. Analysts such as LeviSpry pointed out that strong physical demand and official purchases have jointly caused a "significant upward shift" in the gold trading range, a trend that is also expected to benefit silver. The price of silver is expected to reach $40 per ounce. There is still significant room for investors to increase their gold holdings, which may be a key factor driving further increases in the price of gold. In the coming months, the uncertainty surrounding the US presidential election may also be another driving factor.

09:22

Wall Street veterans say there are plenty of warning signs that the US economy is almost certainly headed for a recession.

15:09

Golden October Data on May 3, Wells Fargo economists said in a lower-than-expected U.S. April jobs report released today that the Federal Reserve is still likely to start cutting interest rates in September. The data "suggests that the job market remains tight, but nowhere near as hot as it was a year or two ago," and "this should support a further slowdown in inflation." Employment data for May will be released before the next Intrerest Rate decision, and plenty of inflation data will be released before the June 12 meeting. Wells Fargo said that while a rate cut in June is unlikely, "our base case for the first rate cut at the September meeting remains firm."

08:42

Analysts: Gold falls continue, or related to margin calls

Analyst Mark Cranfield said Tuesday's gold falls were still continuing, with rumours that margin calls on futures and derivatives partially fueled the trend. The ripple effect of Nvidia's share price falling 10% last week appears to be particularly affecting retail investors in Asia. The big dump was enough to spark a wave of conspiracy theories that gold's game is over, with central banks cashing out after gold's big pump. But this may be just part of the aftermath of old-school margin calls. When Nvidia big dump 10% last week, it was bound to Margin Fluctuation other assets favored by retail investor. Nvidia rebounded 4% on Monday with above-average volume, suggesting there was plenty of bargain buying. If this means that most of the asset sell-off associated with margin calls is coming to an end, then gold may only see a healthy correction.

05:58

Analysts: The yen will face a double risk over the Easter weekend

On March 25, analyst Mark Cranfield said that USD/JPY edged lower on Monday after a warning from Japanese Foreign Ministry official Mato Kanda. Nonetheless, traders may be at risk of further depreciation of the yen due to the upcoming release of large amounts of data from Japan and the United States. Atlanta Fed President Bostic said that only one rate cut this year is now expected, setting the tone for Fed officials' speeches this week, and the dollar will find support. There will also be plenty of US economic data this week, which could spur dollar bulls. Over the Easter weekend, the yen will face a double risk. This Friday and next Monday, foreign exchange liquidity will be lower than usual due to holidays in several countries. This means that the reaction to the Tokyo CPI and Tankan report is likely to be greater than usual. If the data encourages a sell-off in the yen, then trend investors will be more likely than usual to push USD/JPY higher.

09:09

Analysts: Gold may be overbought, base metal Fluctuation will rise

On March 5, Sucden Financial analysts said that gold opened the week stronger driven by weaker US economic data, but gold prices may enter overbought territory. The agency expects a downward correction in gold prices, which could fall to around $2,050. Analysts say there will be plenty of macroeconomic data releases and speeches from central bank speakers this week, but the data is unlikely to change the momentum of base metals trading, that is, Fluctuation may increase to reflect the Fluctuation of the dollar.

10:48

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SUPER2.61%

ETH2.8%

01:52

Analysts: Fed officials appear to be setting a new standard for rate cuts

Some Fed officials have been surprised by the rapid decline in inflation in 2023, and they appear to be setting a new standard for rate cuts: a broader pullback in price pressures. Last week, both Fed's Barkin and Collins said they not only want inflation to continue to fall, but they also want a more meaningful expansion into housing and other services, as the recent slowdown has been more commodity-driven. Michael Skordeles, head of U.S. economics at Trust Advisory Services, said they appeared to be setting new benchmarks, changing the rules, and Fed officials had found plenty of reason to be patient.

03:54

Cardano activity has a new lease of life and could lead to a spike in ADA prices, with the following targets Cardano (ADA) has been in price trouble lately, but behind the scenes, activity on the Cardano Blockchain is exploding. Both transaction volume and WalletAddress are growing, indicating that interest and adoption of the network is growing rapidly. All of this activity has prompted an analysis of how far Crypto Assets can soar in the near future. Cardano's growth in development activity in recent months is comparable to that of other Crypto Assets, making it famous among developers. Metrics show that there are currently 1,322 projects under development. Similarly, Plutus V2 scripts recently reached 18,821, and Plutus V1 scripts also reached 6,536, bringing the total to 25,357, indicating the growth of Smart Contracts. These scripts are essential for deploying Smart Contracts on Cardano chains, representing a 76% increase compared to the 14,379 scripts recorded on January 1. At the same time, Cardano's trading volume over the past two months is also something to boast about. The Cardano ADA network recently successfully completed 255,000 payments in a 24-hour period. In particular, in December and January, Cardano processed more than 4 million transactions per month, showing increasing network usage. Since the beginning of the year, the number of daily active Addresses has stabilized above 30,000, most recently reaching 57,304 active Addresses on February 4. At present, the total number of transactions is 83.58 million. These metrics reflect the network's ability to process a large number of transactions and its attractiveness to developers seeking to build innovative crypto projects. Despite the dismal price action over the past month, these indicators suggest that Cardano's price sentiment is becoming more favorable. As a result, analysts predict a bullish shift in the market, with some even setting a price target of $4 to $6 by 2026. This represents an increase of 730% and 1140% from the current price level, respectively. Similarly, Crypto Assets analyst Ali Martinez predicts that by January 2025, the price will rise to $8, an increase of 1558% from the current price level. Still, if Cardano can continue to attract interest from developers and investors, ADA has plenty of room to grow. Cardano is currently trading at $0.4825, 44% of Address are still profitable, and 51% of Address are currently in the red. While short-term Fluctuation is likely and there are still hurdles on the way forward, the long-term price outlook for ADA looks bright, and Cardano appears to be well-positioned to succeed in the broader Crypto Assets market Bull Market. (Source: Scott Matherson)

ADA1.99%

ALI-2.61%

14:39

Gold Prices Inch Back From Fed-Inspired Battering, Hold Above $2000 Gold prices have managed some modest gains on Tuesday after a punishing few sessions courtesy of the United States labor market and the Federal Reserve. Last week’s news of astonishing job creation has seen interest-rate-cut bets taken off for March, although a May move remains very much in play, hugely to the Dollar’s benefit. The prospect of US borrowing costs remaining higher for longer has taken a clear, obvious toll on gold, in a double whammy for the metal. It suffers once by virtue of being non-yielding and then again thanks to the fact that so many gold products are priced in US Dollars, so more expensive for everyone trying to pay for them with other currencies. It’s notable, however, that gold has suffered rather less from last week’s play than some other assets (such as Sterling). The current broad market scene still offers perceived haven assets like the precious metals complex plenty of support. After all investors are fretting the prospect of a tougher battle against inflation and a broad spectrum of geopolitical risk from Gaza, the Red Sea, Ukraine, the South China Sea and so on. China’s economic underperformance is also simmering away. Given all of that, it’s perhaps not too surprising that prices have remained above the important $2000/ounce level even as the Dollar’s strength has brought that level rather closer to the market. We’re heading into a rather quieter period of scheduled economic data, which will leave gold prices in thrall to general market risk appetite and, in all likelihood, whatever coming individual Fed speakers have for the market. （Source:Dailyfx-David Cottle）

MTL0.69%

03:02

SPX CEO Xavier expects the Fed and the Central Bank to start an easing cycle in March

Central Bank in Europe, the United Kingdom and the United States are expected to cut interest rates starting in March, which should cause Brazil's central bank to consider accelerating the pace of rate cuts, SPX Capital CEO Rogerio Xavier said at a UBS event in São Paulo. "Global Central Bank will have plenty of room to cut interest rates in 2024. If this happens, then the inflation scenario will be 'good,'" says Xavier.

06:13

Canadian think tank: The Central Bank of Canada will keep Intrerest Rate above the neutral level this year

William Robson, president of the CD Howe Institute, a Canadian think tank, said recently that the Central Bank is expected to keep Intrerest Rate well above the neutral level this year, even in an optimistic scenario. Robson said Central Bank Governor McLem is likely to cut interest rates twice between March and July, so the previous rate hike has made some progress in cooling the housing market and goods and services prices. No one in the think tank believes that the Central Bank should cut Intrerest Rate to the 2%-3% range expected by the Central Bank in the coming year, with the median being to cut the Intrerest Rate to 3.75% a year later. Robson said the Central Bank risks inflation hovering above its 2% target, but more importantly, a quick or sharp rate cut would damage the public's credibility. He added that economists are seeing plenty of evidence that GDP per capita is declining and inflation beyond mortgage intrerest rates is being subdued, but the public may only see a policy shift toward easing and price increases still appear to be dangerously high.

03:05

Investment firm Jamieson Coote: 10-year Treasury yields are likely to continue to climb

James Wilson, senior portfolio manager at investment firm Jamieson Coote, said the sell-off in Treasuries could extend further this week, especially if Friday's jobs data highlights that the market expects too much from the Fed to cut interest rates. Wilson said bond momentum has certainly changed since the start of the year, with the syndicate's counter flooded with new bond issues. And since the Fed's December meeting signalled a shift to accommodative policy, the jobs data is the first top-level data to be released. While the pivot means that the longer-term sell-off is unsustainable, there is still plenty of room for the 10-year Treasury yield to rise from its current level of around 4%. As the Fed signals a policy change, the demand for Treasuries will be very high once Intrerest rates return to the range of 4.25% to 4.50%.

01:52

Market rethinks U.S.-Japan Central Bank path Options traders are not optimistic about the yen The yen's decline is expected to deepen

The yen's recent decline looks set to worsen in the coming weeks as traders recalibrate their expectations for monetary policy in the U.S. and Japan. A short-term Options indicator showed traders were the weakest bullish on the yen since August last year, with speculative accounts from Tokyo to New York seeing a sell-off on Thursday. However, there is still plenty of room for the yen to move further technically, with indicators showing last month's year-end rally pushing the yen into overbought territory. It all comes down to the fact that the monetary policies of Japan and the United States are at odds with each other. With the recent massive earthquake, the chances of the Central Bank exiting negative Intrerest Rate as early as January now appear to have dropped. The yen fell as much as 1.1% against the dollar on Thursday Exchange Rate to its lowest level in more than two weeks. The yen has fallen more than 2% so far this year.

01:19

TA's observations on the #Ethereum weekly chart: 1. 🟡 Ascending triangle bottom - a structure of higher lows and equal highs 2. 🔴 Multiple blow resistance, resistance is weakening 3. 🟠 Hidden Bullish Divergence - USD ETH has higher lows and RSI has lower lows 4. 🔵The RSI trend line breaks 5. 🟢 ETH has plenty of upside and no RSI overbought burden How can you not be optimistic? ? 🚀 (Source: @TATrader_Alan)

23:54

Goldman Sachs' latest research report today pointed out that the difficult stage of fighting inflation in the United States now seems to have passed. Once the US core PCE falls below 2.5%, the Fed is expected to cut rates by 25 basis points per quarter in the fourth quarter of 2024 until the second quarter of 2026. Two key risks remain: a surge in oil prices and the risk that something could break in the new interest rate environment. The risk is real but manageable, in part because the Fed is free to cut rates next year and has plenty of leeway.

18:52

According to Golden Finance, Charlie Morris, founder of investment consulting firm ByteTree, said in his report that BTC rose more than 14% in a week, and the tech-heavy Nasdaq index plunged against the backdrop of the rise of bitcoin and gold, indicating that the investment landscape is shifting away from the growing big U.S. tech giants. "Big tech companies are expensive and after this week's poor results, the industry is no longer growing fast enough to justify the premium," he said. Admittedly, they have plenty of room to reduce costs, but the real growth comes from sales, not costs, which represents the end of the tech era and tech investors should withdraw their positions as soon as possible.

06:53

Survey: The Bank of Canada may have completed raising interest rates and is expected to cut rates in mid-2024

(1) A survey of economic analysts shows that the Bank of Canada has most likely completed raising interest rates and will maintain them at 5.00% for at least six months. As the economy slows, most of these analysts expect the Bank of Canada to cut interest rates in the second quarter of 2024. (2) Until recent days, the prospect of another 25 basis point rate hike on October 25 remained a serious risk, but a previous report showed that Canadian inflation fell more than expected in September, largely cementing the current view that a rate hike is not needed. (3) Canada has raised interest rates by 475 basis points since the beginning of 2022 and the economy has shown signs of weakness, which may give policymakers plenty of reason to wait and see how much past rate hike decisions will dampen demand and the already cooled housing market. (4) At the same time, Canada's job market remains tight, with an explosion in employment in September, which has led Bank of Canada Governor Michael McClum to believe that although the economy is slowing, there will be no severe recession. The risk of a pick-up in inflation has led most to predict that now is not yet the time for central banks to send strong signals that they have finished raising interest rates.

09:11

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01:06

Societe Generale's big short: The current stock market is reminiscent of 1987, and "Black Monday" may happen again

On October 19, 1987, the Dow Jones Industrial Average plummeted 22.6%, known as "Black Monday" in history. Now, Albert Edwards, global strategist at Societe Generale, worries history could repeat itself. He explained in a note: "The current resilience of stocks in the face of rising bond yields reminds me of 1987, when bullish sentiment among stock market investors was finally suppressed. As U.S. bond yields continue to surge, , do you feel like you're sitting in a car knowing you're about to crash but unable to stop?" Edwards argued that "there's still plenty of evidence that a recession is imminent," warning, "It'll be like 1987. "Any sign of recession now would certainly be devastating to the stock market."