Forex & Cryptocurrency Breaking News

Bitcoin continues to be bought at each dip, but overcoming a critical overhead resistance could determine the next steps for many altcoins. Key points:Bitcoin ETPs continue to witness solid buying, signaling that the bulls expect the uptrend to continue.Several major altcoins witnessed a pullback, but lower levels continue to attract buyers.Read more

The move echoes similar steps taken by other crypto treasury companies, but could lead to increased scrutiny of Trump’s crypto investments. Trump Media and Technology Group, the company behind US President Donald Trump’s Truth Social platform, is planning to raise $3 billion in a mix of equity and convertible bonds to buy Bitcoin and other cryptocurrencies, the Financial Times reported. The move would position the company to follow the footsteps of crypto treasury companies like Strategy.Trump Media will issue $2 billion in equity and $1 billion in convertible bonds, a type of asset that can be converted into equity at a later date. The size of the raise may change, the FT cited sources familiar with the matter as saying.The equity is expected to be sold at market price as of the close on May 23. On that day, the share price closed at $25.72, marking a 4.6% increase on…

Bulls launched a futures market-driven attack on BTC’s $110,000 resistance level as US markets are closed for Memorial Day. Will spot volumes follow on Tuesday? Key takeaways: Bitcoin price is capped at the $110,000 level due to sellers and a decrease in spot volumes. Leverage use is driving current rallies into this resistance level.Traders are watching today’s volumes to see if an emerging intra-day trends are followed at the US open on May 27.Read more

GBPUSD extends above 2024 highs & highest levels since 2022; new weekly swing target eyedTrump Media plans to raise $3B to spend on cryptocurrency.European indices close mostly higherOPEC+ meeting was brought forward to May 31st from June 1stFoxBusiness Gasparino: India trade deal is almost complete. Apple is a potential issueBloomberg: EU plans to fast track trade talks with the USHamas reportedly agrees to ceasefire proposal…but waitNvidia to report earnings this weekECBs Lagarde: US policy helps to boost the EUR global roleSpring Bank Holiday in the UK/Memorial Day in the US will keep action limitedForexLive European FX news wrap: Softer dollar as markets digest Trump tariffs delay on EUThe USD was mixed and little changed vs the major currencies. Looking at the changes for the USD:EUR -0.16%JPY: +0.17%GBP -0.17%CHF -0.07%CAD UnchangedAUD +0.18%NZD -0.17%The US dollar saw marginal selling on Monday amid thin liquidity due to US and UK holidays. Among major…

The People’s Bank of China requested its biggest banks to increase the use of the yuan in trade with foreign partnersraising the required ratio to 40% from 25%intention is to push yuan deeper into global markets, providing an alternative to dependence on the US dollarThe PBoC request is not legally binding, but that banks that don’t comply could be subject to tighter scrutiny and regulation. For example, if a bank misses the target, it could get a lower rating, making it harder to expand services.Info comes via a Bloomberg report. Pan Gongsheng, People’s Bank of China governor This article was written by Eamonn Sheridan at www.forexlive.com.

It’s a quiet calendar for Tuesday in Asia, Bank of Japan Governor Ueda is speaking. I have clashing times for this. The calendar lists Ueda at 0000 GMT (2000 US Eastern time on Monday), but elsewhere I have seen the time listed at 0630 GMT (0230 US Eastern time on Tuesday). Ueda will be making opening remarks at a BOJ-hosted conference “New Challenges for Monetary Policy,” followed by a lecture from BIS chairman Agustin Carstens.This snapshot from the ForexLive economic data calendar, access it here.The times in the left-most column are GMT.The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected. This article was written by Eamonn Sheridan at www.forexlive.com.

Solana is trading at critical levels after weeks of strong price action and tight consolidation around current prices. Following an impressive 80% rally from its April lows, SOL is now testing a key horizontal resistance zone that could decide whether the uptrend continues or stalls in the short term. The recent consolidation has allowed the market to cool off while keeping the bullish structure intact—an encouraging sign for traders watching for a continuation move. Related Reading: Bitcoin Liquidity Builds At $105K Level – Sweep Before New Highs? Top analyst Jelle shared a technical analysis highlighting that Solana is now retesting a significant horizontal level that previously acted as resistance. A successful flip of this level into support could provide the momentum needed to push toward new local highs and potentially open the door to a full recovery rally. While overall market sentiment remains cautious amid broader macro uncertainty, Solana’s recent…

A well-known crypto analyst, going by the name Egrag Crypto, has laid out some eye-popping targets for XRP. According to his charts, the token could climb as high as $45, a 2,700% jump from its current price. A more modest scenario would still send it to $19, up a little over 1,000%. He points to past cycles where similar moves took shape over roughly 770 days. Yet not everyone is on board with his bullish outlook. Related Reading: Investors Pour $2.75 Billion Into Bitcoin ETFs As Price Skyrockets Historical Moves And Cycle Timing Based on reports, Egrag Crypto stresses that XRP’s rallies in 2017 and 2021 followed almost identical paths. The token hit $3.25 in 2017 after surging 2,770%. Then in 2021 it jumped 1,052% to about $1.80. Each rally was marked by a bearish crossover on the 21 EMA and the 33 MA, followed by sideway trading for around…

Solana (SOL) is once again in the spotlight, as a market analyst has forecasted a massive rally that could propel the token’s price to new All-Time Highs (ATHs) by late 2025. The prediction suggests a staggering 140% surge from current levels toward a bold price target of $420 and beyond. Solana Prepares For Parabolic Move Toward $420 A fresh chart analysis shared by a TradingView crypto analyst, Master Ananda, reports that Solana has completed a textbook rounded bottom pattern, indicating a bullish reversal to new ATHs. Notably, the analyst forecasts that SOL is gearing up for a parabolic surge to $420, emphasizing that this bullish projection is not the cryptocurrency’s final target.  Related Reading: Analyst Tells Investors To Be Patient As Solana Price Hits Resistance The analysis, as stated earlier, is based on the formation of a rounded bottom pattern, which has been developing since early 2025. This pattern has…

While macroeconomic ripples reverberate through global markets, long-dated bond yields have been steadily climbing—stoking further anxiety among investors. At the same time, Tracy Jin, COO of the crypto exchange MEXC, notes that as U.S. Treasuries fall out of favor amid ballooning yields and mounting debt obligations, bitcoin’s impartial nature and fluid convertibility are positioning it […]

Bitcoin exchange-traded funds (ETFs) notched their third-largest weekly inflow in history at $2.75 billion, as institutional buying continued at full throttle. Ether ETFs followed with a strong $248.31 million inflow, marking a 2nd consecutive week in the green. Bitcoin ETFs Record $2.75 Billion Weekly Inflow to Register 3rd Highest Weekly Inflow in History The bulls […]

Markets reeled as Trump’s surprise 50% EU tariff proposal shattered weeks of calm, but bitcoin’s steady rebound—bolstered by record institutional inflows—signaled crypto’s emerging role as a haven in an era of policy chaos, according to QCP Capital’s latest analysis. Bitcoin Resilience Contrasts With Tech Equity Weakness Amid Policy Shifts, QCP Analysis Says Global risk sentiment […]

The AUD/USD outlook remains stubbornly bullish, breaking 7-month highs amid broad dollar weakness. Dovish Fed and US fiscal deficit concerns weigh on the greenback. Delayed tariffs and improved risk sentiment support the Aussie. The AUD/USD outlook is strongly bullish as the pair extends its winning streak in the new week. The price built on Friday’s… The post AUD/USD Outlook: Aussie Breaks Higher as Dollar Erodes appeared first on Forex Crunch.

The GBP/USD forecast turns positive, marking fresh 39-month top. The US dollar faces pressure due to mounting deficit concerns linked to Trump’s tax bill and coming up rate cuts. Technical outlook is bullish with the pair trading in ascending channel and nearing key resistance. The GBP/USD forecast turns strongly bullish after a corrective pullback. The… The post GBP/USD Forecast: Pound Strengthens Amid US Deficit Woes appeared first on Forex Crunch.

The USD/CAD weekly forecast suggests an increasing likelihood of a BoC pause in June. Traders are pricing a 27% chance of a BoC rate cut at the June meeting. Market participants are worried about the debt situation in the US. The USD/CAD weekly forecast suggests an increasing likelihood of another Bank of Canada pause in… The post USD/CAD Weekly Forecast: Markets Brace for Another BoC Pause appeared first on Forex Crunch.