Avila Sebastian

Ernākulam

Consultant Writer at RTT News

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Articles

Cryptos Trade On A Mixed Note

3 days ago | rttnews.com | Avila Sebastian

A mixed trend prevails in cryptocurrency markets as investors digest the current geopolitical situation as well as the recent congressional testimony by Fed Chair Jerome Powell. Renewed hopes of a sustained ceasefire between Iran and Israel supported sentiment. Markets also assessed the Fed's potential interest rate trajectory in the wake of Chair Jerome Powell's congressional testimony that reiterated a wait and watch approach to monetary policy.
Cryptos Rally While Gold, Dollar And Oil Decline

4 days ago | rttnews.com | Avila Sebastian

Cryptocurrencies recorded strong price gains in the past 24 hours in the wake of reports of a ceasefire between Israel and Iran. Stocks and stock futures also rallied as risk appetite improved. Crude oil and Gold Futures however plunged heavily. Safe-haven dollar also retreated. Sovereign bond yields increased, and prices decreased as markets cheered the easing in geopolitical tensions. Anxiety ahead of Fed Chair's congressional testimony however limited gains.
Dollar Rebounds Amidst Escalation In Middle East Tensions

5 days ago | rttnews.com | Avila Sebastian

The U.S. Dollar rebounded against major currencies during the week ended June 20 amidst an escalation in tensions in the Middle East. The U.S. dollar inter alia gained against the euro, British pound, the Australian dollar, the Japanese yen, the Canadian dollar, the Swedish krona and the Swiss franc. The Dollar Index (DXY), a measure of the Dollar's strength against a basket of 6 currencies added 0.54 percent during the week ended June 20.
Cryptos Weak As Global Markets React To Middle East Escalation

5 days ago | rttnews.com | Avila Sebastian

Cryptocurrencies are trading on a mildly negative note as global markets reacted to the recent attacks by the U.S. on Iran. The modest gains in crude oil prices despite fears of a supply crisis also weighed on broader market sentiment. The Dollar Index which measures the Dollar's strength against a basket of 6 currencies is currently trading 0.63 percent higher. Despite opening much higher, both Brent and WTI crude are currently trading with gains of around half a percent only.
Cryptos Rise As Geopolitical Tensions Ease

1 week ago | rttnews.com | Avila Sebastian

Mildly positive mood prevails in the crypto market as participants digested recent developments on the geopolitical front. Geopolitical tensions eased in the backdrop of President Donald Trump's decision to open a two-week negotiating window over the Middle East conflict. Meanwhile, the hawkish tone in the Fed's recent decision to hold rates also weighed on market sentiment, limiting gains. The Fed maintained the outlook of two rate cuts for 2025 but hinted at only one rate cut in 2026.
Cryptos Mixed As Markets Digest Fed Guidance And Middle East Crisis

1 week ago | rttnews.com | Avila Sebastian

Cryptocurrencies are trading on a mixed note as markets digest the Fed's latest warnings about inflation, growth and interest rates. The tense geopolitical situation and fears of a full-fledged war in the Middle East also swayed market sentiment. The Federal Open Markets Committee on Wednesday maintained the target range for the federal funds rate at 4.25 to 4.50 percent and simultaneously warned about stickier inflation and slower growth.
Cryptos Weak As Fed Looms Amidst War Clouds

1 week ago | rttnews.com | Avila Sebastian

Weak sentiment prevails in crypto markets ahead of the Fed's interest rate decision and forward guidance due on Wednesday afternoon. The raging conflict between Israel and Iran also dampened sentiment. Losses were limited by positive sentiment following the U.S. Senate passing the stablecoin Bill. The regulatory support for the crypto industry is expected to provide greater legitimacy for the asset class. Overall crypto market capitalization has slipped 1.6 percent in the past 24 hours.
Cryptos Decline As Fed Fears Add To War Worries

1 week ago | rttnews.com | Avila Sebastian

Amidst persisting geopolitical tensions in the Middle East as well anxiety ahead of the Fed's interest rate review and forward guidance, cryptocurrencies have declined further. The Federal Reserve has commenced its two-day meeting and is scheduled to announce its decision on interest rates on Wednesday afternoon. The CME FedWatch tool that tracks the expectations of interest rate traders shows a 99.99 percent probability that the Fed will hold rates steady.
Cryptos Rise Despite Geopolitical Tensions

1 week ago | rttnews.com | Avila Sebastian

Despite lingering geopolitical tensions in the Middle East as well as uncertainties surrounding the trade tariff environment, cryptocurrencies are trading on a firm note. Overall crypto market capitalization has rallied 2.1 percent in the past 24 hours. It is currently at $3.33 trillion. Only 5 of the top 100 cryptocurrencies are trading with overnight losses of more than a percent. The 24-hour trading volume has increased 28 percent overnight to $101 billion.
Safe-haven Demand Limits Dollar's Tariff-led Losses Last Week

1 week ago | rttnews.com | Avila Sebastian

The U.S. Dollar extended losses during the week ended June 13 amidst persisting concerns about trade tariffs and the potential impact on the U.S. economy. An escalation in geopolitical tensions in the Middle East triggered by Israel's attacks on Iran however boosted safe-haven demand for the dollar that helped limit the greenback's cumulative losses. The Dollar had declined at the onset of the new week amidst anxiety surrounding the trade talks between trading partners especially China.