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The Israeli attack on Iran on 13 June, followed by retaliatory strikes and belligerent rhetoric from officials, has acted as a bearish driver for the cryptocurrency market. US bomber strikes on Iran over the weekend further worsened the situation for coin holders. Over the weekend, the price of Bitcoin fell by around 10% from its […]

The post Bitcoin Price Tests $100k Level for Resilience appeared first on Action Forex.

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05/03/2025

Australian GDP Beats Forecast, Aussie Edges Higher

The Australian dollar has extended its gains on Wednesday. AUD/USD is trading at 0.6271 in the European session, up 0.20% on the day. The Australian dollar jumped 0.75% on Tuesday, driven by the hawkish Reserve Bank of Australia minutes and a solid retail sales report. Australian GDP rises 1.3% Australia’s economy expanded by 1.3% y/y […]
13/02/2024

USDJPY Bulls Take Control, But It Could be a Trap

USDJPY rises but trades within a bearish pattern Resistance expected around 149.70-150.00 US CPI inflation data due for release at 13:30 GMT USDJPY turned green after touching its 20-period simple moving average (SMA) in the four-hour chart, rising gradually to a new high of 149.64 on Tuesday and closer to November’s resistance zone ahead of the […]
21/01/2025

Crypto Market Took a Step Back But Unlikely to Turn Around

Market Picture The cryptocurrency market experienced a decline, with a reduction of approximately 5.3% compared to the previous day. This downturn was attributed to high expectations surrounding Trump’s inauguration speech, which did not mention cryptocurrencies. Consequently, the total capitalisation of cryptocurrencies decreased to $3.5 trillion, reverting to the level observed at the end of the […]