TRENDING:

XAU/USD

EUR/USD

GBP/USD

Silver

Newsletter

Bitcoin at new record highs above $2400

Eren Sengezer FXStreet

Bitcoin on Wednesday rose nearly 10%, reaching a new all-time high at $2,483.33. As of writing, Bitcoin was trading at $2,456.

A recent announcement by the Digital Currency Group, increased the demand for the Bitcoin, bringing the total earnings in the last four day to more than $400.

"We are committed to the research and development of technical mechanisms to improve signaling in the bitcoin community, as well as to put in place communication tools, in order to more closely coordinate with ecosystem participants in the design, integration, and deployment of safe solutions that increase bitcoin capacity," said the Digital Currency Group on Wednesday, and added that the group of signed companies represents 5.1 billion USD monthly on chain transaction volume.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

AUD/USD holds above 0.6950 as bullish USD caps gains

AUD/USD edges lower during the Asian session on Tuesday, stalling a two-day recovery move from a two-month low, touched last week. An extended rout in the fixed income market keeps US bond yields elevated near multi-year highs. This, along with geopolitical uncertainties, helps the US Dollar retain its bullish tone despite receding October Fed hike bets. However, expectations for another RBA rate hike this month could act as a tailwind for the Aussie.

USD/JPY rises back above 158.00 despite hawkish BoJ outlook

USD/JPY rises back above 158.00 in the early European morning on Tuesday. The pair strengthens as the Japanese Yen fails to find any inspiration from hawkish BoJ expectations and looming intervention risks. Meanwhile, geopolitical uncertainty and elevated US bond yields keep the US Dollar near its YTD high despite receding October Fed hike bets. This, in turn, helps the pair stay supported.

Gold hits two-month low as bears await break below $4,100 amid sustained USD strength

Gold attracts fresh sellers following the previous day's consolidative price move, and drops to a two-month low during the Asian session, with bears now awaiting a break below the $4,100 mark before positioning for further losses. Despite receding October Fed rate hike bets, the US Dollar retains its bullish tone and continues to undermine demand for the commodity.

Ripple and Stellar weaken as derivatives positioning fades

Ripple (XRP) and Stellar (XLM) face pressure trading below $1.499 and $0.220, respectively, on Tuesday after a modest correction at the start of the week. Traders should be cautious as weakening derivatives metrics and fading bullish momentum suggest further corrections for XRP and XLM. Derivatives data shows a weakening and cautious signal among traders.

The scarcity trade is gaining momentum – The biggest commodity moves may still be ahead

Something extraordinary is happening across global Commodity markets. Oil is above $100. Diesel has reached record prices. Copper has broken records. Global food prices are rising again. China is restricting fuel exports. Governments are releasing emergency reserves.

Eurozone inflation just hit 3.8%, its highest in three years. This chart shows why the ECB can’t simply hike its way out

The ECB would normally have a relatively straightforward answer to inflation running almost twice its target: raise interest rates. But these are not normal circumstances. This time, the bond market is already doing part of the tightening for it, leaving the ECB facing an increasingly difficult dilemma.

Bitcoin at new record highs above $2400

Broker Reviews

WTI Price Forecast: Bulls seem hesitant near $89.00 amid easing supply risks

Gold hits two-month low as bears await break below $4,100 amid sustained USD strength

AUD/JPY Price Forecast: Strengthens above 110.00, while bearish technical bias persists

EUR/JPY Price Forecast: Tests 177.50 after rebounding from descending channel bottom

BoJ may indicate underlying inflation is near the 2% target, sources say

India Gold price today: Gold falls, according to FXStreet data

Editor's Picks

AUD/USD holds above 0.6950 as bullish USD caps gains

USD/JPY rises back above 158.00 despite hawkish BoJ outlook

Gold hits two-month low as bears await break below $4,100 amid sustained USD strength

Ripple and Stellar weaken as derivatives positioning fades

The scarcity trade is gaining momentum – The biggest commodity moves may still be ahead

Eurozone inflation just hit 3.8%, its highest in three years. This chart shows why the ECB can’t simply hike its way out

Best Brokers in 2026

Legal Text

Editor's Picks

Best Brokers in 2026