Forex & Cryptocurrency Breaking News

Bitcoin’s pullback reflects the market’s anxiety about the US economy and dormant BTC wallets shifting billions worth of BTC. Key takeaways:Despite $1 billion in spot BTC ETF inflows, Bitcoin fell 2.8% as the market digested a multibillion-dollar 2011-era wallet transfer.US import tariffs and fiscal deficits are likely weighing on Bitcoin investor sentiment.Read more

The theft occurred after the hackers allegedly compromised an employee of C&M, a software service provider, by buying the employee’s login credentials. C&M Software, the service provider that connects Brazil’s Central Bank to local banks and other financial institutions, was hacked on Wednesday, leading to 800 million Brazilian reais ($140 million), in stolen funds from six institutions connected to the central bank.The hack occurred after an employee of C&M allegedly sold his login credentials to the threat actor for roughly $2,700, allowing them to access the software system and steal funds held in reserve accounts, according to Brazilian news outlet São Paulo.Onchain detective ZachXBT said the hackers converted an estimated $30 million to $40 million of the stolen funds to Bitcoin (BTC), Ether (ETH) and USDt (USDT), which they laundered through Latin American exchanges and over-the-counter (OTC) trading platforms.Read more

Gunnar Strömmer reportedly said that Swedish authorities had confiscated more than $8.3 million worth of criminal profits since a law related to seizures was passed in 2024. Sweden’s justice minister has called on local authorities to focus on crackdowns that could yield larger seizures of assets including cryptocurrency under a 2024 law that allows the confiscation of luxury items and cash from individuals even if they aren’t the target of an investigation.According to a Thursday report from financial news outlet Dagens industri, Minister of Justice Gunnar Strömmer said local police, tax authorities and the Swedish Enforcement Authority should put more effort into cases likely to yield crypto proceeds, real estate and other corporate assets. The justice minister reported that the government had seized more than $8.3 million in criminal profits since 2024.The crackdowns stem from a Swedish law that went into effect in November 2024, allowing authorities to confiscate luxury…

US stock market sentiment might feel frothy because it’s been a one-way TACO trade since Trump backed down on Liberation Day tariffs but most sentiment surveys weren’t overly frothy.That could be changing. The AAII survey — which is a solid one — rose in the latest week to 45% bullish from 35.1%. That’s a big jump and reflects a market that’s hitting all-time highs almost daily. Still, it’s not quite into territory that I would consider frothy, which is above 50%. Last year it peaked in mid-July at 52.7% bullish. You will note that the S&P 500 then fell 9% in less than a month as the market began to worry about job losses and the election. The Fed then came to the rescue and stocks snapped back.Given where this is, I still wouldn’t say that longs are too crowded to chase but if it rises above 52, then be…

Get some good rest with this long weekend because next week we have some important events that could potentially trigger big moves in the markets. The focus will be on Trump’s letters with the new tariff rates and the US CPI. I think the CPI will be more important given that Trump put August 1st as the deadline for the new tariffs, and it therefore looks like another “TACO game”. Nonetheless, it might still keep things volatile, so headline risk will be high next week. That’s it for the week.Happy Fourth of July! This article was written by Giuseppe Dellamotta at www.forexlive.com.

Composite PMI 44.0 vs 45.5 priorKey findings:Lack of new business weighs on activity Costs and selling prices rise at greater rates Confidence in outlook remains subduedComment:Paul Smith, Economics Director at S&P Global Market Intelligence, said: “Canada’s services economy remained deep inside contraction territory during June, as uncertainty caused in the main by US trade policies continued to weigh heavily on activity and new business volumes. International demand was again especially hard hit, and the outlook remains subdued given widespread uneasiness and challenges in forecasting business trends in the months ahead. “Positively, firms added to their staffing levels in June although, reflective of the uncertain outlook and rising labour expenses, recruitment tended to be for part- time workers. On the price front, operating costs rose to the greatest degree since October 2022 which served to push up selling prices at a faster pace despite the challenging business environment.” This article was…

The Ethereum price is flashing major upside signals as on-chain and market activity align toward a potential breakout to the $3,000 level. With crypto exchange balances falling to their lowest in nine years, stablecoin rails hitting record highs, and Spot Ethereum ETF inflows spiking last month, analysts now describe ETH as a “powder keg” primed for explosive movement.   Ethereum Price Eyes A $3,300 Breakout  The Ethereum price action is drawing attention as it continues to trade within a well-defined consolidation range, hovering near $2,555 at the time of writing. Based on a recently released technical analysis by crypto analyst Pentoshi on X social media, ETH could be on the verge of a significant move, with $3,300 marked as the next bullish target in the near term.  Related Reading: Crypto Analyst Predicts $10,000 ATH For Ethereum This Cycle, Here’s Why The crypto expert’s chart reveals that since early May 2025, Ethereum…

SUI is moving decisively on the chart, breaking through key levels with rising momentum, signaling a shift in sentiment and renewed bullish interest. With volume picking up and structure turning clean, SUI could be setting the stage for a move if this momentum holds. Immediate Targets In Sight — But Can SUI Push Further? In an X post, crypto expert and moderator, Tinkerbell, shared an update that SUI has broken decisively above the $3.00 mark, surging to $3.08 and notching a 9% gain on Thursday, July 3rd. The price action reflects a breakout on the chart, which shows strong momentum, is backed by rising volume and steady buying pressure, signaling that bulls are firmly in control. Related Reading: SUI Prepares For Bullish Flag Breakout Amid $3 Reclaim – Analyst Doubles The Target If this strength continues, Tinkerbell highlights the $3.25 as the next immediate target, followed by the $3.50 level,…

XRP is inching toward what could be its most consequential technical inflection in more than a year, according to the June 3 video analysis from the YouTube channel More Crypto Online (MCO). Employing classical Elliott-wave mapping, the analyst argues that XRP has been building a five-wave advance ever since the market reset in July 2023 and is now attempting to ignite the terminal “fifth” wave—a rally that, if it unfolds under euphoric conditions, could extend as far as $9. How The Roadmap Is Built For XRP “We might be in a process of upside reversal… It’s like a now-or-never moment,” the commentator told viewers, stressing that breakouts are usually obvious only after large portions of the move are already spent. In Elliott wave terminology the market is said to be preparing for a smaller-degree third wave inside the larger fifth, “normally the most aggressive one,” he noted, pointing to the…

Weaker-than-expected U.S. employment data sparked a sharp shift in market sentiment, lifting rate-cut odds and sending bitcoin higher. Analysts now point to $110,348 as a critical resistance level for BTC in the short term. ADP Shock Lifts Bitcoin With $110,000 Highlighted As Next Resistance Markets were jolted on Thursday, July 3, after the U.S. ADP […]

Exactly a year from today, on the country’s 250th birthday, July 4, 2026, every American child will receive a $1,000 investment account at birth funded by the federal government. Thanks to the Invest America Act which was passed by Congress earlier today. The act was introduced by Texas Republican Senator Ted Cruz, and in addition […]

DeFi Technologies Inc, a Nasdaq-listed fintech firm, is expanding into the GCC and MENA regions to capitalize on the rising institutional demand for digital assets across the Middle East. Expanding DeFi Technologies’ Global Footprint DeFi Technologies Inc, a Nasdaq-listed financial technology company, has announced a significant expansion into the GCC and MENA regions. The company […]

The EUR/USD price analysis reveals growing uncertainty about the outlook for tariffs on Eurozone goods. Data in the previous session revealed unexpected strength in the US labor market. Market participants are watching the July 9 tariff deadline. The EUR/USD price analysis reveals growing uncertainty about the outlook for tariffs on Eurozone goods as the deadline… The post EUR/USD Price Analysis: US Tariff Deadline Sparks Uncertainty appeared first on Forex Crunch.

The AUD/USD outlook suggests a growing likelihood of more RBA rate cuts this year. The US economy added 147,000 jobs in June, compared to the forecast of 111,000. Investors remain uncertain over trade deals as the tariff deadline looms. The AUD/USD outlook suggests a growing likelihood of more RBA rate cuts this year than previously… The post AUD/USD Outlook: Mounting RBA Cut Odds Pressure Aussie appeared first on Forex Crunch.

The GBP/USD outlook suggests growing concerns about the UK’s fiscal health. The UK government made a U-turn on welfare reforms. Data in the previous session revealed that the US private sector lost 33,000 jobs in June. The GBP/USD outlook suggests growing concerns about the UK’s fiscal health, which have weighed on the pound. At the… The post GBP/USD Outlook: Ticking Down Amid UK Fiscal Concerns, NFP appeared first on Forex Crunch.