U.S. Markets Experience Sharp Intraday Losses: Nasdaq, S&P 500, and Dow Jones Decline U.S. stock markets faced a turbulent trading session as all major indices recorded significant intraday losses. The Nasdaq Composite led the decline, dropping 2.10% , while the S&P 500 fell 1.53% , and the Dow Jones Industrial Average decreased by 1.13% . The downturn reflects growing investor concerns over macroeconomic uncertainty and market volatility. What Caused the Market Decline? 1. Concerns Over Interest Rate Policy Persistent fears about the Federal Reserve’s monetary tightening measures contributed to market unease. Investors are weighing the possibility of further rate hikes to combat inflation, which could dampen economic growth. 2. Economic Data Misses Expectations Recent economic reports indicate slower-than-expected consumer spending during the holiday season. Weaker retail performance has added to concerns about the health of the U.S. economy. 3. Tech Sector Under Pressure The tech-heavy Nasdaq suffered the steepest losses, with major companies such as Tesla , Apple , and Nvidia facing sharp declines. Rising interest rates disproportionately affect tech firms, which rely on growth-driven valuations. Sector Performance Highlights 1. Technology Tesla dropped 3.5% , while Apple fell 2.8% , leading losses in the tech sector. Chipmakers such as AMD and Nvidia also experienced declines amid concerns about reduced demand in 2025. 2. Financials Financial stocks remained relatively stable but faced minor losses as interest rate concerns persisted. JPMorgan Chase and Bank of America reported declines of 0.9% and 0.8% , respectively. 3. Consumer Discretionary Retail stocks like Target and Amazon struggled as holiday sales data revealed lackluster performance. Amazon fell 2.2% , reflecting broader concerns about consumer spending. Market Sentiment: What Are Analysts Saying? 1. Volatility to Persist Analysts expect heightened market volatility in the coming weeks as investors process economic data and corporate earnings reports. “This pullback is likely a response to mixed signals from economic indicators,” said a senior analyst at Morgan Stanley. 2. Buying Opportunities Amidst the Decline Some strategists view the downturn as a chance to accumulate quality stocks at lower prices. “Long-term investors should focus on sectors like healthcare and energy, which may offer resilience in a slowing economy,” noted an equity strategist. Global Market Impacts 1. Asian and European Markets The losses in U.S. markets followed a similarly weak performance in Asian and European markets earlier in the day. Japan’s Nikkei 225 and Germany’s DAX closed down 1.7% and 1.3% , respectively. 2. Impact on Cryptocurrencies The decline in equity markets mirrored the performance of major cryptocurrencies, with Bitcoin and Ethereum down 2% and 1.5% , respectively. How Should Investors Respond? 1. Diversification is Key Investors should ensure their portfolios are diversified across various sectors and asset classes to mitigate risks during volatile periods. 2. Monitor Key Economic Data Keep an eye on upcoming economic reports, including the Federal Reserve’s next meeting and corporate earnings announcements. 3. Stay Focused on Long-Term Goals While market pullbacks can be unsettling, they often present buying opportunities for long-term investors. Conclusion The U.S. markets experienced significant intraday losses on December 27, with the Nasdaq Composite, S&P 500, and Dow Jones all declining amid growing economic uncertainty and pressure on the technology sector. As investors navigate this challenging environment, staying informed and maintaining a long-term perspective will be crucial. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.
USDT Dominance Recovery: Could This Signal a Bitcoin Crash? Bitcoin’s (BTC) bullish momentum may be at risk as market analysts observe a resurgence in Tether (USDT) dominance , raising concerns about a potential crash. According to TradingView contributor Forex Mindset , this trend could lead Bitcoin to test crucial support levels around $81,500 , fueled by bearish momentum and overbought RSI indicators. Understanding USDT Dominance and Its Implications USDT dominance refers to the percentage share of Tether, a popular stablecoin, in the overall cryptocurrency market. A rising USDT dominance often indicates: Increased Demand for Stability: Investors may be moving funds into USDT to hedge against potential market volatility. Weakened Buying Pressure: A shift away from BTC and other volatile assets toward stablecoins could signal waning confidence in the market’s short-term upside. Forex Mindset suggests that the recovery in USDT dominance aligns with historical patterns that precede Bitcoin price corrections. Key Factors Contributing to Bearish Bitcoin Outlook 1. Overbought RSI Signals The Relative Strength Index (RSI) for Bitcoin shows overbought conditions, hinting at a possible trend reversal. Historically, overbought RSI levels have been precursors to significant price pullbacks. 2. Weak Support at $81,500 Analysts identify $81,500 as a critical support level for BTC. A breach of this level could lead to accelerated selling pressure, dragging Bitcoin prices lower. 3. Macroeconomic Concerns Uncertainty surrounding Federal Reserve monetary policies continues to weigh on investor sentiment. Rising interest rates and tighter financial conditions could further dampen appetite for riskier assets like Bitcoin. Historical Context: USDT Dominance vs. Bitcoin Price Previous instances of rising USDT dominance have coincided with notable Bitcoin price declines: May 2021: USDT dominance spiked during Bitcoin’s crash from $64,000 to $30,000 . November 2022: A similar pattern emerged as Bitcoin plummeted to $15,500 amid market-wide turmoil following the FTX collapse. If history repeats itself, the current rise in USDT dominance could foreshadow another downturn for Bitcoin. Is the Bitcoin Bull Run Over? Despite bearish signals, many market participants remain optimistic about Bitcoin’s long-term prospects: 1. Institutional Interest Remains Strong Large institutions continue to accumulate Bitcoin, with significant inflows into Bitcoin ETFs and custody services. Increased adoption by financial giants like BlackRock and Fidelity provides a strong foundation for BTC’s future growth. 2. Upcoming Halving Event Bitcoin’s next halving , scheduled for mid-2025, is expected to reduce supply and potentially drive prices higher. Historically, halving events have been followed by significant bull runs. 3. Expanding Use Cases Bitcoin is gaining traction as a hedge against inflation and a store of value, attracting both retail and institutional investors. Strategies for Investors Amid Volatility For those navigating the current market uncertainty, here are some strategies to consider: 1. Diversify Holdings Balance exposure to volatile assets like Bitcoin with stablecoins or other less risky investments. 2. Monitor Key Support Levels Keep an eye on $81,500 and other significant support zones. Use stop-loss orders to protect against sudden downturns. 3. Stay Updated on Market Trends Follow indicators like USDT dominance, RSI levels, and macroeconomic developments to anticipate potential market movements. Conclusion The recovery in USDT dominance raises concerns about a potential Bitcoin price correction, with analysts pointing to $81,500 as a crucial support level. While short-term risks loom, Bitcoin’s long-term fundamentals remain robust, driven by institutional adoption and upcoming milestones like the halving event. Investors should tread cautiously, stay informed, and consider diversifying their portfolios to navigate potential volatility in the weeks ahead. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries.
In a series of surprising events, the GMT price began skyrocketing, especially today, as it’s up 40%. It’s surprising, as the token has been under a major downtrend and consolidation for years. Interestingly, the token is up when the crypto market is falling, gaining every investor’s attention. So, let’s discuss why the FSL ecosystem’s native token is pumping out of the blue. GMT Price Booming With Increased Trading Volume & OI STEPN GMT’s price began rising around a month ago, but it fell short and declined again with the crypto market’s downtrend. After that, it hit the month’s bottom at $0.129 before starting a recovery three days ago. This happened because investors’ trading activity increased its demand. This becomes clearer when the 24-hour trading volume hits $1.92B after a 228.37% surge. Additionally, the Coinglass reports reveal a 63% increase in Open Interest. As a result, the GMT token’s price has surged 40% over the last 24 hours. More importantly, it’s up by 60% over the week, pushing its market capitalization to $621.89M. Interestingly, there is no significant reason behind this increased investor interest, but there was a spike in short liquidations in December. Although this suggests that traders are betting against the current surge, they got liquidated with the GMT price rally. Eventually, the shorts began rebuying the assets and accelerating the STEPN token price. However, in contrast, the crypto exchange has witnessed an increased inflow of the GMT token. If this inflow or dumping continues, it could eventually affect the GMT price. Additionally, a possible Bitcoin price crash to $60k could influence the entire crypto market’s performance, including GMT. Will GMT’s Price Rally Sustain? After a 60% rally over the week, the GMT chart is forming an inverse head and shoulders pattern, which is a sign of a potential bullish reversal. Additionally, the RSI is bullish, adding to the previous outlook, but it’s near the overbuying zone, which could change things in the long term. However, the Awesome Oscillator is flipping bullish as it attempts to flip above the zero mean level. With that, a breakout above $0.248 could push the STEPN GMT token to $0.4155. However, the price could drop to $0.161 before this breakout, but any move down to $0.161 could disturb the bullish momentum. Careful consideration and strategic trades need to be placed between these zones. What Investor’s Should Do? The FSL ecosystem’s token hit its prime around three and half years ago when it achieved the ATH of $4.11. However, with years of struggle, the target has moved 95% away from that, putting the long holder in a major loss. However, the current situation has opened the opportunity for immediate gains, as the GMT price is constantly moving upwards. As a result, the investors are also getting ready for sale with the inflows rising on the crypto exchanges . Clear strategic planning and careful trades are needed to earn profits, as the STEPN GMT token’s chart forms an inverse head and shoulders pattern. This could push the price to $0.4155 and higher if things went well. The post Why Is GMT Price Skyrocketing 40% While the Crypto Market is Falling? appeared first on CoinGape .
As Bitcoin (BTC) continues to move sideways, investors wonder whether the flagship crypto will end the year positively or on a sour note. Some analysts suggest a close above recently lost levels could propel BTC’s price to new highs. Related Reading: Analyst Forecast ‘Highly Bullish’ 2025 For Ethereum: Is The Bleeding Over? Bitcoin’s Red Week, Green Year Since breaking past the long-awaited $100,000 barrier in early December, Bitcoin has seen two significant corrections to the lower zone of its one-month range. Throughout the month, the flagship crypto’s price has traded between $90,000 and $108,000, hovering between $96,000 and $102,000 for most of December. However, since reaching its latest all-time high (ATH) of $108,353 ten days ago, Bitcoin has lost the $100,000 support zone, falling to its lowest price in weeks. Over the past week, BTC has struggled to reclaim the $98,000 support zone, losing its Christmas retest above this level on Thursday. Now, the largest crypto by market capitalization moves within the mid-zone of its monthly range, displaying a candle that “doesn’t look great but also not the worst. Neutral, and still a few more days to go,” as Altcoin Sherpa stated. The analyst suggested that Bitcoin could see “some weird price action over the next few weeks with despair followed by an absolute moon mission and killer alt season.” Meanwhile, Daan Crypto Trades called BTC’s current price action the “end of the year chop.” He noted that as Bitcoin moves sideways, liquidity is “building on both sides,” with an area of interest below $94,000 and a key level above the $100,000 mark. Some investors asked the community to zoom out on BTC’s chart, highlighting that the cryptocurrency remains within a historical range despite the horizontal trajectory. If Bitcoin were to end the year at its current price, it would still record a 48.15% return in Q4 and a 122% increase in the yearly timeframe. Bitcoin Risks Fall To One-Month Lows Analyst Carl Runefelt considers that investors should watch the $92,500 support zone, as breaking below that horizontal level could send BTC’s price to $86,000. Similarly, Ali Martinez warned investors about a key level for BTC. Martinez asserted that investors “don’t want Bitcoin to dip below $92,730,” explaining that it is “essentially free fall territory” if the flagship crypto loses that level. According to the analyst, the flagship crypto could fall as low as $70,000 if it loses the key support zone based on the UTXO Realized Price Distribution (URPD) chart. In a previous post, he explored a bearish outlook where BTC could fall as low as $60,000, noting that several experts forecasted a correction anywhere from 23% to 36% for BTC. Martinez considers a 25% crash to the $70,000 mark possible, as the URPD chart shows minimal support below the $93,806 and $92,730 zones. “If this critical demand area doesn’t hold, we could see a sharp drop to $70,085,” he warned. Related Reading: New Solana Memecoin Leader? PENGU Flips BONK Amid Whale Accumulation He also pointed out that Bitcoin broke below one of its “most significant support zones at $97,300,” which suggests a bearish outlook while it isn’t reclaimed. However, the analyst asserted that this outlook would be invalidated if BTC has “a sustained close above $97,300 and, more critically, a daily close above $100,000.” Martinez added that reclaiming these levels could start the next leg toward the $168,000 target. As of this writing, Bitcoin is trading at $94,587, a 1.24% decrease in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
How to Trade Gold in Forex: A Comprehensive Guide Trading gold in the forex market offers a unique opportunity for traders to diversify their portfolios and take advantage of gold’s status as a safe-haven asset. With its deep historical roots and strong connection to global economic trends, gold (traded as XAU/USD ) has become a favorite among forex traders. This guide will walk you through everything you need to know to successfully trade gold in the forex market. Why Trade Gold in Forex? Gold trading has gained immense popularity among forex traders due to its benefits and dynamic nature. Here’s why gold stands out: 1. Safe-Haven Asset Gold is often considered a hedge against inflation, currency devaluation, and economic uncertainty. During times of financial instability, investors flock to gold, causing its price to rise. 2. High Liquidity The gold market is one of the most liquid in the world, making it easier for traders to execute trades with minimal slippage. 3. Diversification Trading gold allows forex traders to diversify their portfolios and reduce risk by not solely relying on currency pairs. 4. Strong Correlation with USD Gold is typically priced in U.S. dollars, and its price often inversely correlates with the strength of the dollar. This correlation offers additional trading opportunities. How to Start Trading Gold in Forex Step 1: Understand the Basics of XAU/USD Gold is traded as XAU/USD in the forex market. XAU represents one troy ounce of gold, while USD is the U.S. dollar. The price of XAU/USD reflects how many dollars are required to purchase one ounce of gold. Step 2: Choose a Reliable Broker To trade gold, you’ll need a broker that offers XAU/USD trading. Look for brokers with: Tight spreads Fast execution Access to advanced charting tools Regulation by reputable financial authorities Step 3: Analyze the Gold Market Gold prices are influenced by various factors, including: Economic Data: GDP reports, unemployment rates, and inflation data. Central Bank Policies: Interest rate decisions and monetary policy statements. Geopolitical Events: Wars, trade disputes, and political instability often boost gold prices. Strategies for Trading Gold in Forex 1. Trend Following Gold often exhibits strong trends, making it an ideal asset for trend-following strategies. Use moving averages (e.g., 50-day and 200-day) to identify trends. Enter trades when the price crosses above or below the moving average. 2. Breakout Trading Gold frequently experiences price consolidations followed by significant breakouts. Identify key resistance and support levels. Use volume indicators to confirm breakouts. 3. News Trading Gold prices are sensitive to economic and geopolitical news. Monitor economic calendars for significant events like Federal Reserve announcements. Trade based on anticipated reactions to news, such as interest rate cuts or geopolitical tensions. 4. Hedging with Gold Gold can be used to hedge against currency risks in your forex portfolio. For example, if you hold USD-based assets and anticipate a dollar decline, buying XAU/USD can offset losses. Technical Analysis for Gold Trading Key Indicators for Gold Trading Relative Strength Index (RSI): Identifies overbought or oversold conditions. Fibonacci Retracement Levels: Helps determine potential support and resistance levels. Bollinger Bands: Measures volatility and identifies breakout opportunities. MACD (Moving Average Convergence Divergence): Signals potential reversals and trends. Chart Patterns to Watch Double Bottoms/Double Tops: Often signal reversals in gold’s price direction. Triangles: Indicate potential breakouts, either bullish or bearish. Head and Shoulders: Suggest trend reversals, particularly in trending markets. Fundamental Analysis for Gold Trading 1. U.S. Dollar Strength Gold and the U.S. dollar generally have an inverse relationship. A strong dollar often leads to lower gold prices and vice versa. 2. Inflation Rates High inflation erodes currency value, increasing gold’s appeal as a store of value. 3. Central Bank Actions Central banks are significant players in the gold market. Increased gold purchases by central banks often boost prices. 4. Geopolitical Risks Events like wars or economic sanctions typically drive demand for gold, pushing prices higher. Risk Management in Gold Trading 1. Set Stop-Loss Orders Protect your capital by placing stop-loss orders at strategic levels. 2. Use Proper Position Sizing Avoid risking more than 1-2% of your trading account on a single trade. 3. Diversify Your Trades Don’t rely solely on gold; diversify across different assets to mitigate risk. 4. Monitor Leverage While leverage can amplify profits, it also increases risk. Use leverage cautiously when trading gold. Best Times to Trade Gold in Forex Gold trading is most active during overlapping market hours, particularly: New York Session (1:00 PM – 10:00 PM GMT): High liquidity due to the U.S. market. London Session (8:00 AM – 5:00 PM GMT): European traders contribute to market activity. Common Mistakes to Avoid in Gold Trading 1. Ignoring Risk Management Failing to set stop-loss orders or over-leveraging can lead to significant losses. 2. Overtrading Avoid excessive trading based on emotional decisions or short-term price movements. 3. Neglecting News Events Economic reports and geopolitical developments can drastically affect gold prices. 4. Trading Without a Plan Always have a clear strategy and stick to it. Conclusion: Mastering Gold Trading in Forex Trading gold in the forex market offers immense opportunities for both novice and experienced traders. By understanding the factors influencing gold prices, employing effective trading strategies, and managing risks prudently, you can enhance your trading success. Whether you’re looking to hedge against market volatility or diversify your portfolio, gold remains a reliable and dynamic asset in the forex trading world. Ready to trade gold in forex? Start by researching reliable brokers, analyzing the market, and implementing the strategies outlined in this guide for a successful trading journey. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.
Forex Trading: Halal or Haram? A Comprehensive Islamic Perspective Forex trading has become a popular financial activity globally, offering opportunities to earn profit by trading currencies. However, for Muslims, the question arises: Is forex trading halal or haram? The answer to this question lies in understanding Islamic financial principles and how they apply to forex trading. In this article, we will explore the Islamic perspective on forex trading, the factors that make it halal or haram, and how Muslims can participate in forex trading ethically. What Is Forex Trading? Forex trading, also known as foreign exchange trading, involves buying and selling currency pairs in the global currency market to make a profit. Traders speculate on the price movements of currencies like USD, EUR, GBP, and JPY, aiming to capitalize on their value fluctuations. Forex trading operates 24/5 and is driven by global events, market trends, and economic indicators. The forex market’s leverage, liquidity, and profit potential attract traders worldwide, including those from Islamic communities. The Islamic Perspective on Forex Trading Islamic finance operates under specific guidelines to ensure all financial transactions are ethical, transparent, and free from prohibited activities. These principles are derived from Shariah law , and any form of trade or investment must comply with the following criteria: 1. Prohibition of Riba (Interest) Interest-based transactions are strictly forbidden in Islam. In traditional forex trading, interest may be incurred through overnight positions or swap rates, which contradict Islamic principles. 2. Gharar (Uncertainty and Speculation) Islam discourages excessive uncertainty and speculative transactions, which are prevalent in forex trading. Contracts must be clear and transparent to avoid exploitation or unfair practices. 3. Haram Activities Investments must not involve haram (forbidden) industries or activities, such as alcohol, gambling, or unethical businesses. 4. Immediate Settlement In Islamic finance, trades must involve the immediate transfer of goods or services. This principle raises questions about the legitimacy of delayed settlements in forex trading. When Is Forex Trading Considered Halal? Forex trading can be deemed halal if it complies with Islamic principles. To ensure halal forex trading, the following conditions must be met: 1. No Riba (Interest-Free Accounts) Forex brokers offering Islamic forex accounts ensure that no interest is charged or earned on overnight positions. These accounts are designed for Muslim traders, eliminating swap rates or interest charges. 2. Transparency in Contracts All transactions should be clear, transparent, and free from ambiguity. The terms of the trade, including profit and loss potential, must be explicitly defined. 3. No Speculative Gambling Forex trading should not resemble gambling. Instead, traders must base their decisions on analysis, research, and market understanding rather than blind speculation. 4. Immediate Execution Forex trades should involve the instant exchange of currency. Contracts that delay settlement or involve deferred payments are not compliant with Islamic principles. When Is Forex Trading Considered Haram? Forex trading is considered haram if it involves activities that contradict Shariah principles. Here are common scenarios where forex trading is deemed haram: 1. Earning Interest (Riba) If a trader earns or pays interest on overnight positions, it violates Islamic laws, making the trade haram. 2. Excessive Speculation (Gharar) Trading purely based on speculation or without proper analysis can be likened to gambling, which is forbidden in Islam. 3. Trading with Leverage While leverage allows traders to control larger positions with smaller investments, it often involves borrowing, which may include interest payments, rendering it non-compliant. 4. Haram Activities or Industries Investing in or benefiting from haram industries through forex trading is strictly prohibited. Islamic Forex Accounts: A Solution for Ethical Trading To cater to Muslim traders, many brokers now offer Islamic forex accounts . These accounts align with Shariah principles by eliminating interest-based transactions and ensuring ethical practices. Key Features of Islamic Forex Accounts: No Swap Fees: Swap rates or rollover fees are removed for overnight positions. Transparent Contracts: Terms are clear and straightforward. Ethical Trading: Brokers comply with halal trading practices, avoiding haram activities. Popular Brokers Offering Islamic Accounts: Exness XM IC Markets Pepperstone Before opening an Islamic forex account, traders should verify the broker’s credentials and Shariah compliance. Scholarly Opinions on Forex Trading Islamic scholars have diverse opinions regarding forex trading. While some consider it haram due to its speculative nature and involvement of interest, others believe it can be halal if conducted under specific conditions. Support for Halal Forex Trading: Scholars argue that forex trading, when done with Islamic accounts, eliminates haram elements like riba. Proper analysis and risk management ensure that trading does not become speculative gambling. Criticism of Forex Trading: Critics highlight the high-risk nature of forex trading, which can resemble gambling. The use of leverage and delayed settlements are common concerns. How to Trade Forex Halal? A Step-by-Step Guide If you’re a Muslim trader aiming to trade forex ethically, follow these steps: Step 1: Choose a Shariah-Compliant Broker Select a broker offering Islamic forex accounts to ensure your trades are free from interest. Step 2: Learn the Market Educate yourself about forex trading fundamentals, technical analysis, and market trends to make informed decisions. Step 3: Avoid Speculation Base your trades on thorough research and analysis instead of gambling or guesswork. Step 4: Use Proper Risk Management Implement stop-loss and take-profit levels to minimize risks and protect your capital. Step 5: Trade Ethically Ensure that your trades involve immediate execution and do not violate Islamic principles. Forex Trading Alternatives for Muslim Investors If you’re unsure about forex trading’s halal status, consider alternative investment options: 1. Stocks (Halal Stocks) Invest in Shariah-compliant companies listed on Islamic stock indices like Dow Jones Islamic Market Index. 2. Sukuk (Islamic Bonds) Sukuk provides returns without earning interest, making it a halal investment option. 3. Real Estate Investing in properties offers stable, long-term returns and complies with Islamic principles. Advantages and Risks of Halal Forex Trading Advantages: Ethical Compliance: Trade with peace of mind knowing your investments align with your faith. Access to Global Markets: Participate in one of the world’s largest financial markets. Financial Opportunities: Leverage forex trading to diversify your investment portfolio. Risks: Market Volatility: Forex markets can be unpredictable and risky. High Leverage: Even with Islamic accounts, using leverage can lead to significant losses. Complexity: Forex trading requires a deep understanding of market dynamics. Conclusion: Is Forex Trading Halal or Haram? The halal or haram status of forex trading depends on how it is conducted. By eliminating interest, avoiding speculation, and adhering to Shariah principles, forex trading can be considered halal. However, traders must exercise caution, choose Shariah-compliant brokers, and trade ethically to ensure compliance with Islamic laws. For Muslims interested in exploring forex trading, Islamic forex accounts offer a viable solution. Always consult with knowledgeable scholars or Islamic finance experts if you have doubts about the permissibility of forex trading. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.
Key takeaways : Uniswap (UNI) might reach as high as $13.88 by 2024. Estimates for Uniswap’s average price in 2027 range from $42.87 to $48.66. UNI’s average price in 2030 will be $144.10, with a maximum price of $173.97. Uniswap, a DeFi protocol founded in 2018 by former mechanical engineer Hayden Adams. The Uniswap exchange is a 100% on-chain automated market maker (AMM) protocol on the Ethereum blockchain. The AMM allows DeFi users to swap ether (ETH) for any ERC-20 token without intermediaries, solving many liquidity problems most exchanges face. Uniswap’s unique features and utility make its token, UNI, attractive to traders and investors. Will UNI reach $100? How high can UNI go in five years? Let’s take a look at Uniswap’s technical analysis and price prediction to provide answers to these queries. Overview Cryptocurrency Uniswap Abbreviation UNI Current Price $13.289 Market Cap $7.9B Trading Volume $297.51M Circulating Supply 600.48M UNI All-time High $44.97 May 03, 2021 All-time Low $0.419 Sep 17, 2020 24-hour High $14.22 24-hour Low $13.04 Uniswap price prediction: Technical analysis Metric Value Volatility (30-day Variation) 17.95% 50-Day SMA 8.78 200-Day SMA 7.81 Sentiment Bullish Fear & Greed 80 (Extreme Greed) Green Days 17/30 (57%) Uniswap price analysis TL;DR Breakdown : Uniswap price analysis confirmed a downward trend at $13.289. Cryptocurrency has lost up to 5.97% value from its previous close. UNI coin prices are targeting next resistance around $18.255. On December 28, 2024, Uniswap price analysis confirmed a decreasing market trend for the cryptocurrency. UNI/USD value has descended to $13.289 amidst the growing downside. Moreover, if observed overall, the cryptocurrency lost a major 5.97% of its value. The past week remained in favor of the bears, leading to a constant downside for the cryptocurrency. Uniswap price analysis on a daily time frame The one-day price chart of Uniswap coin revealed a declining market trend for the currency. Coin value has dropped down to a $13.289 low in the past 24 hours. Considering the constant downside this week, the overall market sentiment remains negative. The distance between the Bollinger bands defines the market volatility. This distance is going under reduction, which marks a decreasing volatility. Moving ahead, the upper limit of the Bollinger Bands indicator, serving as the resistance, has shifted to $18.255. Whereas, its lower limit, acting as the support, has moved to $11.846. UNI/USD 1-day price chart. Source: TradingView The Relative Strength Index (RSI) indicator is present within the neutral area for now. Its value has receded to index 44.87 over the period of the past 24 hours. The RSI graph displays a downward curve, hinting at the decreasing price movement. The declining market trend refers to relatively unstable market conditions for the investors. Uniswap price analysis on a 4-hour chart The four-hour price analysis of Uniswap coin confirmed an increasing trend for the currency. UNI/USD value has sought bullish recovery above $13.289 in the past four hours. A green candlestick on the four-hour price chart marks an upward momentum. The Bollinger bands are converging, leading to a declining volatility. This declining volatility refers to a low market unpredictability for the coming hours. Moving ahead, the upper Bollinger band has now shifted to $14.202, indicating the resistance point. Whereas, the lower Bollinger band has moved to $12.773, signaling the support. UNI/USD 4-hour price chart. Source: TradingView The RSI indicator is hovering within the neutral region. Its value has spiked up to 45.56 over the past four hours. The bulls remained dominant in the past few hours, resulting in a noticeable upside. If the buying activities continue to grow, the market can enter a period of stability. Despite the constant downside in the early part of the day, currently the bulls are in the lead. Uniswap technical indicators: Levels and action Daily simple moving average Period Value ($) Action SMA 3 11.21 BUY SMA 5 11.95 BUY SMA 10 11.46 BUY SMA 21 10.13 BUY SMA 50 8.78 BUY SMA 100 7.81 BUY SMA 200 7.81 BUY Daily exponential moving average Period Value ($) Action EMA 3 10.11 BUY EMA 5 9.39 BUY EMA 10 8.64 BUY EMA 21 8.03 BUY EMA 50 7.47 BUY EMA 100 7.43 BUY EMA 200 7.65 BUY What to expect from Uniswap price analysis next? Uniswap price analysis gives out a highly bearish prediction regarding the current price movements. Cryptocurrency value has dropped down to a $13.289 low over the past 24 hours. Side by side, the cryptocurrency lost a considerable 5.97% value through the day. Red candlesticks on the one-day price chart signify a downward momentum. Technical indicators give out a neutral signal; however, the price charts confirm a bearish supremacy for the day. Is Uniswap a good investment? Uniswap is a decentralized cryptocurrency exchange (DEX) with massive potential. Unlike traditional exchanges, Uniswap uses an automated market-matching (AMM) system. Uniswap has shown good performance over time and is expected to reach the $38 level by 2027 and above $100 by 2030. Why is UNI down? The broader crypto market is experiencing a bearish spell today. Most of the top cryptocurrencies are losing money, so is UNI. The cryptocurrency has lost more than 5.97 percent of its value over the last 24 hours, moreover, its price has decreased down to $13.289. Will UNI reach $20? Uniswap is trading near the $8 range, down from $15.3, which it achieved in March this year. The current resistance levels are $10 and $12; a break above them can lead to $15. If UNI gets more support, $20 can be achieved by 2026. Will UNI reach $50? In May 2021, UNI touched $44.9, its all-time high and not much below $50. This possibility can arise again if the broader cryptocurrency market turns bullish on political and economic factors. Will UNI reach $100? According to Cryptopolitan’s price prediction, UNI is expected to reach $100 by the second quarter of 2030. Though this is a five-year time frame, it’s worth waiting as the coin’s value will increase more than tenfold in this scenario. Does UNI have a good long-term Future? UNI is the token of the famous Uniswap decentralized exchange. It has a wide user base and good liquidity, so the coin has good prospects. Cryptopolitan expects UNI’s price to reach $109 by the end of 2030, substantially higher than its current price. Recent news/opinions on Uniswap Network Uniswap Labs has confirmed that Arbitrum has become the first Layer 2 to cross $20B in monthly volume on the Uniswap Protocol. Just checked the chain 🫣 Arbitrum is the first L2 to cross $20B in monthly volume on the Uniswap Protocol pic.twitter.com/YGvUUgq8X7 — Uniswap Labs 🦄 (@Uniswap) December 2, 2024 Monthly L2 volume has surged to new highs on the Uniswap Protocol, crossing $30 billion in total. These Layer 2 protocols include Arbitrum, Polygon, Base, Blat, Optimism, World Chain, Zora, and ZKsync. Onchain history is being made 🦄 New all-time high for monthly L2 volume on the Uniswap Protocol pic.twitter.com/egGOyj8di9 — Uniswap Labs 🦄 (@Uniswap) November 27, 2024 Uniswap price prediction December 2024 For December 2024, UNI shows an ability to swing wildly; the anticipated minimum value of Uniswap is $6.87. The price may jump to $15.44, but the average trading price of $ 10.61 is expected throughout the month. Month Potential Low ($) Average Price ($) Potential High ($) December 2024 $6.87 $10.61 $15.44 Uniswap price prediction 2024 For 2024, UNI’s price might reach a maximum of $13.88, which is over 20% higher than the current price. The minimum price is expected to be $12.34, with the year’s average trading price estimated at around $13.50. Month Potential Low ($) Average Price ($) Potential High ($) 2024 $12.34 $13.50 $13.88 Uniswap price predictions for 2025-2030 Year Potential Low Average Price Potential High 2025 $18.89 $19.43 $22.80 2026 $28.28 $29.06 $32.32 2027 $42.87 $44.32 $48.66 2028 $66.49 $68.26 $74.04 2029 $97.42 $100.15 $115.13 2030 $139.10 $144.10 $173.97 Uniswap price prediction 2025 For 2025, Uniswap is projected to have a minimum price of $18.89. The price could soar up to $22.80, with an average of $19.43. UNI price prediction 2026 For 2026, Uniswap’s price is projected to have a minimum value of $28.28. The price could soar up to $32.32, with an average of $29.06. Uniswap (UNI) price prediction 2027 In 2027, the price of UNI is anticipated to hit a minimum of $42.87. The maximum price might reach $48.66, with an average trading value of $44.32. Uniswap price prediction 2028 The 2028 forecast for Uniswap predicts a minimum price of $66.49 and a maximum of $74.04, with an average price of $68.26 many folds higher than the current Uniswap price. Uniswap price forecast 2029 The Uniswap price forecast for 2029 shows that the coin is expected to start at a minimum UNI price of $97.42 and climb to $115.13 while averaging $100.15. Uniswap (UNI) price prediction 2030 For the 2030 Uniswap coin price prediction, the minimum projected price for Uniswap is $139.10. Traders can expect a maximum price of $173.97 and an average of $$144.10, as per Uni coin price prediction. UNI price prediction 2024 – 2030 UNI market price prediction: Analysts’ UNI price forecast Firm Name 2024 2025 DigitalCoinPrice $20 $25.29 Wallet Investor $9.89 $27.162 Coincodex $ 24.38 $ 25.29 Cryptopolitan’s Uniswap price prediction Our price prediction for Uniswap shows that UNI will reach a high of $13.88 near the end of 2024. 2025 it will trade between an expected range of $18.89 and $22.80. In 2030, UNI will range between $139.10 and $173.97, with an average price of $144.10. It is important to consider that the predictions are not investment advice. Professional consultation is suggested, or you can carry out your own research. Uniswap historic price sentiment Uniswap price history Uniswap (UNI) token launched on September 17, 2020, starting at $3.00. It quickly rose to $7.00 before reaching an all-time low of $1.03 (CoinGecko) or $0.4190 (CoinMarketCap) on the same day. UNI ended the year at $5.00 after a gradual recovery during the 2020 bull run. In 2021, UNI surged 400% in January to $20. By March, it hit $28, and on May 3, reached an all-time high (ATH) of $44.93. It ended the year near $18 after a significant decline. Throughout 2022, UNI continued to decline, dropping to around $5.5 by June as the bearish trend persisted. The crypto market rebounded in 2023, and UNI saw bullish momentum, peaking at $7.77 on December 28. UNI began 2024 on a downtrend, briefly recovering to $15 by March 6. After mid-May, it faced selling pressure, falling to $0.14 by July 31. It stabilized in August at around $5 and traded above $6 at the start of September. In October, UNI went as high as $8 while November saw a peak price of $13.58. At the start of December, UNI is trending above $14.
A crypto whale has achieved a remarkable $5.66M profit in just two weeks by investing in the ai16z (AI16Z) token. The token surged 33% in the last 24 hours, showing strong momentum. This whale’s success story is a testament to the lucrative opportunities available for those who strategically navigate the cryptocurrency landscape. Crypto Whale’s Profitable Investment in AI16Z Token On December 28, Lookonchain analysis revealed that a crypto whale had made a significant investment in AI16Z, a Solana-based token. According to Solscan , this whale withdrew 10M USDC from Coinbase to purchase 13.16M AI16Z tokens. The whale’s timing was impeccable. They acquired the tokens on December 11, when the token was undervalued, providing them with an opportunity to capitalize on a subsequent price rally. In just two weeks, the value of their holdings surged from their initial investment to an impressive $15.66 million, yielding a profit of $5.66 million. Lookonchain also noted that the crypto whale created a new wallet specifically for this transaction. Within hours of withdrawing the USDC from one of the top crypto exchanges , they spent $5 million to acquire 7.04 million tokens at an average price of $0.71. In total, the whale purchased 13.16 million AI16Z tokens, carefully leveraging their funds to maximize returns. AI16Z Token Price Context AI16Z token is the first venture capital firm led by AI agents and has attracted the interest of crypto whales due to its remarkable growth. Over the past month, the token’s value has soared by 515%. At the time of writing, it was trading at $1.21, reflecting a 33% surge. Its price fluctuated between a 24-hour low of $0.82 and a high of $1.20, showcasing strong market momentum. AI16Z token price The token has a market cap of $1.28 billion and a trading volume of $108 million. This indicates strong market interest and liquidity. As a Solana-based coin, AI16Z token benefits from the network’s efficiency and scalability. These features position it well within the growing ecosystem of decentralized finance. The token also supports AI-driven investment strategies. Moreover, a Solana-based meme coin Pudgy Penguins (PENGU) price was surged as a crypto whale accumulated 79.9 million tokens for $2.47 million. This rally has positioned PENGU as the top Solana meme coin, surpassing BONK and dogwifhat (WIF) in market performance. The post Crypto Whale Records $5.66M Profit In 2 Weeks With This Token, Here’s All appeared first on CoinGape .
Forex Schedule: Maximizing Your Trading Opportunities The forex market is the largest and most liquid financial market in the world, operating 24 hours a day, five days a week. Unlike traditional markets, the forex market has no centralized location, enabling traders worldwide to participate at any time. To succeed in forex trading, understanding the forex schedule is crucial. Knowing the best trading sessions and their unique characteristics can significantly impact your trading strategies and outcomes. In this article, we will dive into the forex schedule, explore the different trading sessions, identify the best times to trade, and share essential tips for maximizing your profits. Understanding the Forex Schedule The forex market operates continuously from Monday to Friday, divided into four major trading sessions: Sydney , Tokyo , London , and New York . These sessions represent the active hours of significant financial hubs across the globe. 1. Forex Trading Hours by Session Here’s a breakdown of the primary trading sessions and their corresponding time zones: Trading Session Opening Time (UTC) Closing Time (UTC) Key Markets Sydney 10:00 PM 7:00 AM Australia, New Zealand Tokyo 12:00 AM 9:00 AM Japan, China, Singapore London 8:00 AM 5:00 PM UK, Germany, Switzerland New York 1:00 PM 10:00 PM USA, Canada 2. Overlapping Sessions The overlaps between trading sessions are the most active times in the forex market. Increased volatility and liquidity occur during these periods, presenting lucrative opportunities for traders. Overlapping Session Time (UTC) Key Features Tokyo-London 8:00 AM–9:00 AM Moderate activity, some volatility London-New York 1:00 PM–5:00 PM High volatility, best for trading major pairs Characteristics of Each Forex Session 1. Sydney Session Key Features: Low volatility due to fewer participants. Ideal for trading AUD, NZD, and JPY pairs. Best for beginners or traders looking for a slower-paced market. Opportunities: The Sydney session sets the stage for the rest of the day. Trends can begin here, especially in AUD and NZD pairs. 2. Tokyo Session Key Features: High activity in Asian currencies (JPY, SGD, HKD). Moderate volatility and volume. Opportunities in trend-following strategies. Opportunities: Japanese and Chinese economic data releases can significantly impact currency pairs like USD/JPY and EUR/JPY. 3. London Session Key Features: The busiest session, with high trading volume and volatility. All currency pairs experience movement, particularly GBP, EUR, and USD pairs. Ideal for day trading strategies. Opportunities: Economic data from the UK and Europe often drive market trends during this session. 4. New York Session Key Features: Second in terms of trading volume and volatility. Focus on USD pairs, as the U.S. economy influences global markets. Strong reactions to U.S. economic reports and news. Opportunities: The overlap with the London session creates the most active period, offering significant price movements. Best Times to Trade Forex While the forex market operates 24/5, not all hours are equally profitable. Timing your trades during periods of high liquidity and volatility can enhance your trading outcomes. 1. Most Active Trading Hours London-New York Overlap (1:00 PM–5:00 PM UTC): This period is the most volatile and liquid, ideal for trading major currency pairs like EUR/USD, GBP/USD, and USD/JPY. Tokyo-London Overlap (8:00 AM–9:00 AM UTC): Offers moderate activity, particularly for EUR/JPY and GBP/JPY trades. 2. Least Active Hours After New York Close: Liquidity drops significantly between 10:00 PM and 12:00 AM UTC, making it less favorable for most traders. Forex Schedule and Trading Strategies 1. Scalping During Overlaps Scalping involves making multiple small trades to capitalize on short-term price movements. The London-New York overlap is ideal for this strategy due to its high liquidity. 2. Trend Trading in the London Session Traders often find strong trends during the London session. By analyzing economic data releases, you can identify potential long-term market directions. 3. Range Trading in the Sydney Session With low volatility, the Sydney session is perfect for range-bound strategies. Identify support and resistance levels to trade within a predictable range. Tools to Optimize Your Forex Schedule 1. Economic Calendars Stay updated on global economic events that could impact forex markets. Key events include: Interest rate decisions. GDP reports. Employment data. 2. Forex Market Time Converters Use tools like Forex Market Hours Clock to track session timings in your local timezone. 3. Automated Alerts Set up alerts for key market events or when specific currency pairs reach desired price levels. Tips for Managing Your Forex Schedule Align with Your Timezone: Trade during sessions that align with your availability and preferred activity level. Focus on Key Sessions: Prioritize the London and New York sessions for maximum opportunities. Avoid Overtrading: Stick to your trading plan and avoid chasing trades outside active periods. Leverage Volatility Wisely: Use proper risk management to capitalize on volatile markets without overexposing your account. FAQs on Forex Schedule What is the best forex trading session? The London session is considered the best due to its high liquidity and volatility. Can I trade forex 24/7? No, the forex market operates 24/5, closing on weekends. What is the most volatile trading session? The London-New York overlap is the most volatile, offering the best trading opportunities. How do I adjust my trading schedule for my timezone? Use forex time converters or set trading alarms to match your local timezone. Conclusion: Mastering the Forex Schedule Understanding the forex schedule is essential for maximizing your trading potential. By aligning your strategies with the most active sessions and leveraging periods of high liquidity, you can optimize your trades for better results. Whether you’re a day trader, swing trader, or scalper, the key lies in knowing when to trade and how to adapt your strategy to the market’s rhythm. Use this guide to refine your trading approach and unlock new opportunities in the dynamic world of forex trading. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.
The United States Internal Revenue Service (IRS) is under fire for its recently finalized regulations requiring decentralized exchanges (DeFi) to adhere to the same reporting standards as traditional brokers. The rule, set to take effect in 2027, mandates that front-end DeFi platforms disclose gross proceeds from digital asset sales and report user transaction details. Industry Leaders Voice Legal Concerns Crypto executives and legal experts, however, are skeptical about the rule’s longevity. Uniswap’s Chief Legal Officer, Katherine Minarik, voiced strong opposition, noting the lack of a “limiting principle” in the IRS’s interpretation. “The IRS appears to classify DeFi technology as brokers simply for being involved in part of a transaction,” Minarik stated in a Dec. 27 post on X (formerly Twitter), urging the industry to challenge the regulation. Uniswap CEO Hayden Adams also echoed similar concerns, expressing hope that the rule will be overturned under the Congressional Review Act. Even if it passes this legislative hurdle, Adams is optimistic that it won’t withstand legal challenges. Compliance Burdens and Industry Pushback The implications of the IRS’s rule are far-reaching, with compliance costs expected to weigh heavily on DeFi platforms . Robin Singh, CEO of crypto tax platform Koinly, explained that decentralized platforms lack the centralized structures required for traditional reporting. This fundamental difference poses major operational and technical hurdles. Bill Hughes, a lawyer at blockchain firm Consensys, criticized the regulation as “all cost, no benefit” from a revenue perspective. Hughes noted that the rule’s scope, which includes tracking global users and reporting on transactions involving stablecoins and non-fungible tokens (NFTs), places an undue burden on DeFi platforms. Hughes further criticized the timing of the announcement, describing it as a calculated move by the outgoing administration to avoid scrutiny. He also pointed out that the rule is likely to face Congressional review, where lawmakers could block its implementation. As DeFi continues to grow, the resolution of this conflict could set a significant precedent for how regulators interact with emerging blockchain innovations. The post IRS Faces Backlash Over New Crypto Reporting Rule Targeting Decentralized Platforms appeared first on TheCoinrise.com .