Week Financial News

Nifty on Friday formed a long bull candle on the daily chart as it closed 217 points higher at a lifetime closing high of 19,189. Chart readers point out that the headline equity index has been forming higher highs on a weekly scale for the last fourteen weeks and supports are gradually shifting higher. Now it has to continue to hold above 19100 zones to extend the move towards 19,300 and 19,500 zones, while on the downside support exists at 19,000 and 18,888 zones, said Chandan Taparia of Motilal Oswal.

JK Tyre, Mallcom(India), Vasa Denticity, Kore Digital and 63 Moons Tech, hit their fresh 52-week highs during Friday's trade on NSE. Benchmark NSE Nifty closed 216.95 points up at 19189.05 amid buying in frontline bluechip counters.

An intense price melt-up in Bitcoin Cash (BCH) that started just over a week ago has continued on Thursday.

The Render Token price has risen by 1% in the past 24 hours, with its climb to $2.00 helping to compensate a little for the 10% drop it has witnessed in the past week.

Bitcoin Cash (BCH) has witnessed a remarkable surge in price, skyrocketing by 82% in just one week. This surge was accompanied by a significant influx of $1.2 billion in trading volume.

Bitcoin (BTC) starts a new week in a solid position above $30,000 after its latest rapid gains.

Bitcoin Cash (BCH) has witnessed an extraordinary price surge, soaring by 75% in a mere week. This notable ascent has been accompanied by a substantial inflow of $1.2 billion in trading volume. 

Optimism (OP) is demonstrating an impressive recovery, having surged 27% in the past week following a new YTD low of $0.895 on June 10. OP is currently trading at $1.411, indicating a 4.06% increase so far today.

The price of Shiba Inu (SHIB) has dropped by 4% in the past 24 hours, yet it remains one of the best-performing major cryptocurrencies of the week, having gained by 16% in seven days.

Bitcoin Cash (BCH) has displayed remarkable strength in recent days, surging by 30% within a week. 

On June 19, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” revealing that cryptocurrency investment products experienced outflows totaling $5.1 million last week. The outflows contributed to the continuation of a nine-week streak of outflows, resulting in a cumulative total of $423 million.

cryptocurrency market experienced a volatile week, driven by the release of the Consumer Price Index (CPI) data for May and discussions surrounding Monetary Policy. Throughout the week, the trading range of Bitcoin (BTC) fluctuated between the levels of US$24,900 and US$26,250. Initially, Bitcoin started the week above the US$26,000 mark, but it later dropped below US$25,000, reaching its lowest point since March. This drop was influenced by the Federal Reserve's decision to maintain unchanged interest rates. Surprisingly, the Fed also projected two additional interest rate hikes in the current cycle, which aligned with investor expectations. However, contrary to expectations, the crypto market changed course and resumed the sell-off that had been ongoing for the past three weeks. Additionally, after a series of ten consecutive rate hikes, the Fed's benchmark interest rate currently stands between 5% and 5.25%. This signifies the highest rate since 2007 and determines the interest charged on short-term loans by banks and other depository institutions. In the last 24 hours, Bitcoin (BTC) witnessed a notable surge, surpassing the US$25,500 level and rebounding from its three-month low reached on Wednesday. This recovery could be attributed, at least in part, to the submission of a crypto-backed exchange-traded fund (ETF) application by BlackRock. BTC's gain of over 1% halted its three-day losing streak. These developments occurred concurrently with legal actions initiated by the U.S. Securities and Exchange Commission against Binance and Coinbase. Despite a 6% decline in its performance for the month, Bitcoin has exhibited a remarkable 53% growth since the beginning of the year.

The price of Shiba Inu (SHIB) has barely changed in the past 24 hours, inching up by 0.3% as the cryptocurrency market slides slightly by 0.5%.

Bitcoin (BTC) emerges from a hectic macro week to circle some classic trend lines near $26,000 — what could happen next?

The cryptocurrency total market capitalization fell to $1.02 trillion on June 15, its lowest level in three months. But while the derivatives market's resilience and end-of-week price gains amid uncertainty in stablecoins' reserves provides hope for bulls, it might be too soon to celebrate.

The cryptocurrency market has regained its bullish momentum, with an increase of 3.34% and a market capitalization of $1.07 trillion.

In the latest episode of The Market Report, analyst and writer Marcel Pechman explains that United States inflation slowed for an 11th straight month in May, even though the Consumer Price Index increased 4% year-over-year. That’s down from 4.9% in April but still above the 2% target.

The crypto market took a huge hit last week, largely due to the lawsuits that the United States Securities and Exchange Commission (SEC) filed against crypto giants Binance and Coinbase. This caused the market to lose billions in market cap, and it’s unclear how the events will unfold and what further impact they will have. Most coins are in the red, with a select few being only slightly affected.

Bitcoin (BTC) starts a “massive” week in a precarious position as key support stays out of reach for bulls.

Cardano (ADA) bounced modestly after losing nearly 30% of its valuation in the previous week, its worst seven-day performance since May 2021, when the Terra collapse sparked a cryotocurrency market crash.

The price of Terra Luna Classic (LUNC) has risen 3% in the past 24 hours, reaching $0.00009765 as the cryptocurrency market as a whole barely moves within the same timeframe.