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Pound Sterling Defies Gravity: Remarkable Resilience Amid UK Political Turmoil and BoE Rate Cut Speculation
bitcoinworld3d ago

Pound Sterling Defies Gravity: Remarkable Resilience Amid UK Political Turmoil and BoE Rate Cut Speculation

BitcoinWorldPound Sterling Defies Gravity: Remarkable Resilience Amid UK Political Turmoil and BoE Rate Cut SpeculationLONDON, March 2025 – The Pound Sterling demonstrates unexpected fortitude this week, staging a notable recovery against major currencies despite mounting UK political uncertainties and growing expectations for Bank of England interest rate reductions. This counterintuitive movement challenges conventional market wisdom and reveals deeper structural forces at play within Britain’s financial ecosystem. Pound Sterling Defies [...]This post Pound Sterling Defies Gravity: Remarkable Resilience Amid UK Political Turmoil and BoE Rate Cut Speculation first appeared on BitcoinWorld.

#FOREX
Bitcoin Chart Screams 2022 Bear Market, Until You Notice What’s Missing
newsbtc3d ago

Bitcoin Chart Screams 2022 Bear Market, Until You Notice What’s Missing

Bitcoin’s latest drawdown from its all-time high is being compared to 2022 across crypto Twitter (the similarities are obvious), but some technicians argue the similarity is mostly superficial. In a series of posts, TexasWest Capital CEO Christopher Inks said the current move looks like a completed five-wave decline tied to a positioning washout, not the kind of structurally driven breakdown that defined the 2022 unwind. Bitcoin Vs. 2022: Similar Chart, Different Story? Inks’ core claim is about where the market sits in the broader pattern. “One of the differences between the current drop off the ATH and the 2022 drop of ATH is that we just appear to have completed 5 waves down,” he wrote. “Back then the same area everyone is referencing had already completed five down, the three wave correction, and then broken down further.” Related Reading: Bitcoin Could See New Drop To $60,000 Despite Bounce – Here’s The Level To Defend On his weekly BTCUSD chart, Inks annotated what he sees as a five-wave decline into early 2026, followed by sideways consolidation around a “weekly pivot,” after what he described as a sharp recovery late last week. The implication is less about calling a definitive bottom and more about sequencing: if the five-wave leg is complete, the next phase is typically corrective or base-building rather than an immediate continuation lower. Inks also separated the catalysts. The 2022 breakdown coincided with the TerraUSD depeg and ensuing market dislocation, a reflexive shock that tightened collateral and impaired liquidity across venues. By contrast, he framed last week’s selling as risk reduction rather than crisis fallout. “Another difference between the two periods is that the former coincided with the TerraUSDT depeg and break down which was a market structural event that was the catalyst for the Bitcoin breakdown at that time,” Inks wrote. “As I’ve been mentioning, last week’s breakdown was a degrossing (risk-off position reduction). These are two wholly different market moves.” “Does this guarantee that the low is in? Of course not, but if you’re comparing two events then you should compare how they occurred and not just that the price action looks kinda similar,” he added. “That way, if price does something other than what it did last time you won’t be running around in disbelief screaming ‘manipulation’ and ‘what’s going on!’” Related Reading: Retail Dumps, Bitcoin Inflows Surge: On-Chain Data Flags Capitulation Inks said Bitcoin failed to reclaim a weekly close back inside the prior range around $75,000, leaving open the possibility that the selloff was a “terminal shakeout” rather than the start of a deeper trend. His roadmap, however, was explicitly time-based: he wants to see the low hold for “the next 2–3 weeks” with “declining volumes on the pullbacks,” plus a higher low on the weekly timeframe and “compression below resistance instead of rejection.” He also tied the move to rates positioning. Inks pointed to a two-year Treasury note futures chart that, in his view, remained coiled rather than breaking higher alongside the risk-off episode, another data point supporting the idea that last week’s selling was “pre-resolution positioning rather than post-crisis fallout.” With regards to the lower timeframes (1-hour chart), Inks urged for patience: “Bitcoin continues to consolidate sideways around the weekly pivot, within the range shown. Not surprising after Friday’s strong recovery. Takes time to build confidence after something like that. And if you are hoping the low is in, then that’s what you should prefer to see rather than continued move straight up without building bases to provide support on pullbacks.” At press time, BTC traded at $68,639. Featured image created with DALL.E, chart from TradingView.com

#TECH
In Fundraising Race, GOP Is Winning by a Lot
newser3d ago

In Fundraising Race, GOP Is Winning by a Lot

Democrats may be headed into the 2026 midterms with momentum—but Republicans are the ones with the cash . New filings show the GOP's main party committees and top House and Senate super PACs entered the year with about $320 million on hand, more than double Democrats' $137 million after accounting...

#CRYPTO
globenewswire_fr3d ago

Hatch selected by Maaden as partner to accelerate mining development in Saudi Arabia

Riyadh, Saudi Arabia, Feb. 10, 2026 (GLOBE NEWSWIRE) -- Hatch, a global leader in engineering, project delivery, and professional services, has been selected by Maaden (Saudi Arabian Mining Company) as its strategic delivery partner across a number of strategic growth projects. The partnership will implement a portfolio-wide approach to project development and execution, leveraging world-class design and delivery models to ensure predictable, value-driven outcomes.

#COMMODITIES#ECONOMY
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