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EUR/USD slips as ECB rate cut expectations weigh, drops below 1.1100
The Euro registered losses of 0.44% on Monday as the shared currency extended its fall after clearing the 1.1100 support level. Expectations that the European Central Bank will slash rates at the September 12 meeting weighed on the EUR/USD, which trades around 1.1036, as Tuesday’s Asian session begins.
GBP/USD remains under pressure, trades below 1.3100
GBP/USD stays under bearish pressure and trades at its weakest level in over two weeks below 1.3100. The US Dollar benefits from rising US Treasury bond yields and doesn't allow the pair to gain traction despite improving risk mood.
Crypto Today: Bitcoin hashrate hits all-time high as BTC, Ether and XRP hover near support
Bitcoin’s hashrate hit a new all-time high on Sunday. Bitcoin and Ethereum hover around support at $56,486 and $2,383 on Monday, respectively. XRP trades at $0.5325, up slightly on the day.
Bitcoin rebounds from $54,000 support. Is it out of the woods yet?
Bitcoin recovered slightly on Monday, extending the weekend’s recovery after prices bounced from key support at $54,000 on Friday. This slight recovery amid the mild increase in the Coinbase Premium Index during the weekend.
Quant price is poised for a rally as on-chain data and price action show a bullish outlook
Quant’s (QNT) price, the token of a London-based blockchain technology company dedicated to improving network interoperability, recently broke out of a falling wedge pattern, hinting at a potential rally.