Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
The easy moves are over, or so it seems. The well-lit path to EUR/JPY gains that this market has bore witness to since last September could be nearing completion. The many yen funded speculative trades that investors entered into may now be at risk. The increased chatter of PM Abe's “easy” policy rhetoric may already be hitting its political limit. While the EUR's –2% fall from grace this week on the back of a plethora of negative Euro data is beginning to convince investors that we are perhaps entering a new leg of a EUR correction rather than something more perverse.
Compounding the EUR's problems is that the regions peripheral spread tightening has probably maxed out. Even though the LRTO2 payback announcement was way less than consensus expected on Friday morning, any paying down early of the program will prevent banks from the region to want to own similar regional product. This scenario will again expose the EUR to further weakness...
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.