Forex Market Overview All market | Anton Bykov 4 April 2025

10.08.2022 10:08

Crypto week: Ethereum Has Taken A Dramatic, Leading Role

Most analysts have been trying to explain a recent cryptomarket rebound caused by an upcoming upgrade of the Ethereum (ETH) network in September. Ethereum prices have indeed risen ahead of any other top crypto asset. The founder of the Ethereum network, Vitalik Buterin, is willing to move it to the new algorithm of Proof-of-Stake instead of leaving it with Proof-of-Work. Many long positions were opened in July as Bitfinex registered 495,000 long positions by the end of the month instead of 180,000 long positions at the beginning of it.

05.08.2022 11:08

Weekly Summary: Non-Farm is Trying to Boost Markets

Anton Bykov

The S&P 500 broad market index has met its primary upside target above 4150 points, while putting on the brakes just before the 200-day moving average at 4180 points was met. Brent crude prices dropped below $100 per barrel, while gold prices are hoovering close to the resistance at $1800 per troy ounce. Geopolitical tensions surrounding U.S. House Speaker Nancy Pelosi’s visit to Taiwan didn’t spoil the party, as China introduced new sanctions on Taiwan and conducts wide scale military drills around the island. Investors feared the visit from the U.S.

03.08.2022 11:08

Crypto Week: Broken Bridges and Double Top Pattern

Anton Bykov

The crypto industry currently has a wide and common perception that the next “Big move” will be full interoperability between different networks and protocols. Thus, token bridges have been created as a protocol to transfer tokens from one blockchain to another. However, such protocols seem to be quite vulnerable as two of them were hacked over the last six months. In February a wormhole protocol hack allowed hackers to mint themselves $320 million in Wrapped Ether without posting the required collateral. Ronin bridge was hacked in March, resulting in $625 million losses for clients.

27.07.2022 09:07

Crypto Week: The Market is Going Down Amid Hopes for Another Bull Run

Anton Bykov

The founders of Three Arrows (3AC) have finally surfaced in Dubai after the fund went bankrupt. They are hoping for a crypto super cycle while having no plans to put into action in the event of a massive correction and the LUNA plummeting to almost zero. So, even the largest funds with huge amounts of money under management could not guarantee investors’ safety from poor management. Aptos has received another round of investments of $150 million. Aptos is trying to revive the Meta (Facebook) project to widely deliver Web 3.0.

22.07.2022 11:07

Weekly Summary: S&P 500 is Close to 4,000, COVID Strikes Biden

Anton Bykov

The U.S. stock market is trying to get as high as possible ahead of the Federal Reserve (Fed) meeting next week, where another 75 basis points interest hike could be decided. U.S. President Joe Biden tested positive for COVID-19 and is said to be experiencing mild symptoms while taking Paxlovid, a pill that is prescribed to patients with high risk of hospitalisation or death. Biden’s sickness bears a great risk if he develops severe symptoms that may easily emerge considering the age of the President.

20.07.2022 09:07

Crypto Week: Echoes from 2008 Cooled Investors

Anton Bykov

The Crypto market is seen to be booming as Bitcoin prices rose by 19% and Ethereum coins added 50%. Major cryptocurrencies have lost more than 50% of their highs since the beginning of June, so a recovery was expected. The major question now is whether the bulls can hold onto gains? There are a few chances for this to become a reality. In order to assess the Crypto market’s trends we have to look at the Bitcoin price chart, which would designate the rest of the market. BTC prices are moving inside an upward channel with the lower margin designated by $17,500 and $18,900 previous lows.

13.07.2022 10:07

Crypto Week: Investors are Trapped by Ethereum 2.0 Protocol

Anton Bykov

Bitcoin is moving within a divergent channel that was formed in April with a primary support at $19,000 per coin. The bulls are seen to be weakening and therefore creating additional opportunities for Bitcoin prices to decline towards $18,600 and $17,600. The rebound over the last week took place within the unstable formation of an upward wedge and the return of Bitcoin prices to the support level was just a matter of time. The mid-term target price for Bitcoin at $15,000 per coin is intact. There are no reasons for the market sentiment to be changed now.

06.07.2022 08:07

Crypto Week: The Pressure is Mounting

Anton Bykov

Many rumors about the unsustainability of crypto projects have started to appear in the market since the epic crash of the LUNA. The USDT Tether has now come under fire as it was accused of having a lack of high-grade collateral, investments in risky securities, and for other faulty decisions made by management. However, Tether proved its sustainability as it managed to keep the exchange rate close to $1, which is the peg for Tether, and it held this rate despite massive coordinated attacks.

01.07.2022 12:07

Weekly Summary: S&P 500 Index Is Sinking to the Bottom

Anton Bykov

The U.S. Stock market is retreating after Federal Reserve (Fed) Chairman Jerome Powell confirmed that monetary policymakers will not allow inflation to take over the American economy and that means that Powell is ready to sacrifice economic development to bring inflation down at any cost. “The risk is that because of the multiplicity of shocks you start to transition to a higher inflation regime. Our job is literally to prevent that from happening, and we will prevent that from happening,” Fed’s chief said. This sounds like a speech of a doomed man that has accepted his fate.

29.06.2022 11:06

Crypto Week: The Bullish Trap May Close at any Moment

Anton Bykov

It seems as if the situation is getting worse with every passing week. Last week Federal Reserve’s (Fed) Chairman Jerome Powell admitted to a possible recession but expressed strong commitment to take control of inflation. So, the Fed will certainly continue aggressive interest rates hikes if the U.S. economy continues to grow while maintaining high inflation. This would eventually lead to a contraction of national GDP. Goldman Sachs warned that investors are underestimating the possibility of a recession in the near future.