In an unexpected shift, South Korea’s retail sales have declined by 0.6% in the month-over-month data released on February 2, 2025. This downturn follows a previous increase of 0.4% and defies forecasts predicting a steady momentum of 0.4% growth. The drastic 250% negative change signals a potential caution for both
Key Insights In a surprising turn of events, South Korea’s industrial production has jumped significantly by 4.6% month-on-month in February 2025. This marks a stark contrast from the previous -0.7% and far exceeds the forecast of 0.4%, reflecting a monumental change of 757.143%. The impact is categorized as low, yet
In a surprising turn of events, South Korea’s industrial production year-over-year has soared to 5.3%, a dramatic increase from the previous figure of 0.1%, vastly exceeding the forecasted 0.7% growth rate. This remarkable 5200% change highlights a robust recovery in one of Asia’s leading economies, presenting opportunities and challenges for
The Impact of Global Financial Markets on Bitcoin’s Price Bitcoin’s price crashed to $97,000 today, down from highs of $109,500, as global financial markets see a widespread decline. Traders are scrambling to cover their positions after US President Donald Trump announced 10% tariffs on China, and 25% each for Mexico
The Legal Hurdles of Creating a Bitcoin Reserve in the United States The Idea Takes Shape The idea of the United States creating a Bitcoin reserve has been gaining attention recently. Proponents argue that holding Bitcoin could provide various benefits, such as diversifying the nation’s assets and potentially gaining a
Analysts anticipate Chainlink (LINK) to potentially breakout to $36 Robust upward momentum in Chainlink Analysts are closely monitoring Chainlink (LINK) as it shows strong signs of upward momentum, with a potential breakout to $36 on the horizon. In recent weeks, there has been a significant increase in the accumulation of
Ethereum’s daily RSI concurred with the bearish structure with a reading below 50. What does this mean for ETH? Understanding Ethereum’s Daily RSI Ethereum’s Relative Strength Index (RSI) is a technical indicator used to measure the speed and change of price movements. It ranges from 0 to 100, with readings
A Turnaround in Australian Manufacturing The latest Judo Bank Manufacturing Purchasing Managers’ Index (PMI) for Australia, released on February 2, 2025, indicates a positive shift in the manufacturing sector. The index rose to 50.2, surpassing the forecast of 49.8 and significantly improving from the previous figure of 47.8. This marks
Ethereum’s Struggle to Break Above $4,000 The Current State of Ethereum Ethereum’s recent struggle to break back above $4,000 has left many wondering what it will take for the second-largest cryptocurrency by market cap to reclaim its former highs. After a significant downtrend since mid-December 2024, Ether (ETH) is currently
Bitcoin Price Plunges to 14-Day Low Amidst Macro Signals Market Analysis Bitcoin price plummeted to a 14-day low of $96,821 on Sunday, February 2nd, as macroeconomic signals turned hawkish. This sudden drop has left many investors concerned about the future of the cryptocurrency market. However, amidst the market dip, key
Polymarket: The Go-To Platform for Speculating on MicroStrategy’s Bitcoin Acquisition Milestone The Rising Popularity of Polymarket Polymarket, the popular Polygon-based betting platform, has been gaining significant traction in the crypto community in recent months. Known for its user-friendly interface and innovative approach to prediction markets, Polymarket has become the go-to
Ripple Releases 500 Million XRP from Escrow, Sparking Concerns in the Crypto Community Recently, Ripple made headlines once again in the world of cryptocurrency by unlocking 500 million XRP from escrow. This move was closely monitored by the crypto community, with transactions being detected by Whale Alert. Just a few
UBS Tests Tokenized Gold Product on Ethereum Layer-2 Scaling Solution ZKsync Introduction Union Bank of Switzerland (UBS), the largest bank in Switzerland, is making waves in the world of cryptocurrency by testing a tokenized gold product on Ethereum’s layer-2 scaling solution ZKsync (ZK). This move marks a significant step towards
Crypto Whales on the Move Whales Accumulating XRP Amid Market Turmoil The crypto market has been experiencing a downward trend in recent weeks, with prices of major cryptocurrencies plummeting. However, amidst the chaos, crypto whales seem to be making their move. These large holders of digital assets are taking advantage
Bitcoin Traders Anticipate Higher Price Targets as Whale Accumulation Increases Introduction Bitcoin (BTC) traders are eagerly watching the market as the largest cryptocurrency continues to see a surge in price. With the recent spike in whale accumulation, many are projecting a higher price target for BTC. The cryptocurrency hit an
Bitcoin Retests $100,000 Price Level Amid Volatility The Recent Bitcoin Price Action Bitcoin is once again testing the psychological $100,000 price level after experiencing a 2.22% decline in the past 24 hours. The cryptocurrency recently bounced back from an order block at $99,200, demonstrating intense volatility in its trading patterns.
Get notified about market movers
