Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Stock Futures Dip as Investors Await Key Payrolls Data 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Bitcoin continued its last days’ bullish sentiments, it has peaked today at $6,826.40 levels (jump approx. about 3.8%), currently settling at $6,795.60 levels while articulating (refer 4H chart), BTCUSD bulls shrug-off back-to-back shooting stars at 6,691.20 and 6,705.50 levels respectively.
For intraday perspective, more rallies seem to be on cards as both leading oscillators (RSI & stochastic curves) indicate intensified buying momentum and both lagging indicators show bullish EMA and MACD crossovers that signal upswings to prolong further.
While the daily trend slides through descending triangle resistance, although bulls bounce back above 21DMAs (refer daily chart). The strong support zone is observed at 6680 levels (i.e. 7EMAs). The major trend is still wedged between $5,700 – $11,700 levels.
While both the US Security and Exchange Commission (SEC) has continued to keep its eagle eye on crypto-space with an intention of stringent regulatory framework. The US SEC and the Commodity Futures Trading Commission (CFTC) sued against 1pool Ltd. a/k/a 1Broker.com and its CEO, Patrick Brunner. The allegations include money laundering, wire fraud, and operating an unregistered securities exchange.
“1pool Ltd. a/k/a 1Broker, registered in the Republic of the Marshall Islands, and its CEO Patrick Brunner solicited investors from the United States and around the world to buy and sell security-based swaps,” as per SEC press release.
Consequently, the FBI declared the confiscation of Forex trading site 1Broker.com and claims against 1Broker include money laundering, wire fraud, wilful operation as an unregistered broker/dealer of securities, and wilful operation as an unregistered futures commission merchant.
Currency Strength Index: FxWirePro's hourly BTC spot index is inching towards 152 levels (which is bullish), while hourly USD spot index was at 91 (bullish) while articulating (at 08:19 GMT). For more details on the index, please refer below weblink:
