Traders turn most optimistic on US dollar in over a year as Middle East tensions fuel safe-haven demand

The ECB's rate hikes amid geopolitical tensions could strain liquidity, impacting risk assets and shifting investor focus back to fixed-income. The post European Central Bank prepares for second rate hike amid Middle East tensions appeared first on Crypto Briefing.

Geopolitical tensions may sustain oil price volatility, impacting global markets and economic stability, with potential supply disruptions looming. The post WTI crude settles at $90.0 amid Middle East tensions appeared first on Crypto Briefing.

Solana failed to stay above $67 and corrected some gains. SOL price is moving lower and might aim for another increase if it stays above $63.00. SOL price started a downside correction below $66 against the US Dollar. The price is now trading below $65 and the 100-hourly simple moving average. There was a break below a bullish trend line with support at $66 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $63 zone. Solana Price Dips Again Solana price failed to stay above $67 and started a downside correction, like Bitcoin and Ethereum. SOL dipped below $66 and $65 to enter a short-term bearish zone. There was a move below the 50% Fib retracement level of the upward wave from the $60.12 swing low to the $67.90 high. There was a break below a bullish trend line with support at $66 on the hourly chart of the SOL/USD pair.  The price even tested the $63.20 support. Solana is now trading below $65 and the 100-hourly simple

Eased tensions may stabilize oil prices, potentially reducing inflationary pressures and benefiting risk assets like cryptocurrencies and equities. The post US crude falls 3% to $88.20 per barrel as Middle East tensions ease appeared first on Crypto Briefing.

Prolonged energy disruptions could exacerbate inflation, impact crypto markets, and strengthen the US dollar, affecting global economies. The post US Energy Secretary Wright warns restoring normal energy flows will take ‘many months’ appeared first on Crypto Briefing.

The dollar's rise and Fed speculation could tighten financial conditions, impacting global markets and cryptocurrencies amid inflation concerns. The post US dollar hits two-month high amid Fed rate hike speculation appeared first on Crypto Briefing.

Dogecoin started a recovery wave above the $0.0820 zone against the US Dollar. DOGE is now facing hurdles near $0.090 and might struggle to continue higher. DOGE price started a recovery wave from $0.0775 and climbed above $0.0820. The price is trading below the $0.0820 level and the 100-hourly simple moving average. There was a break above a bearish trend line with resistance at $0.0820 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to move up if it stays above $0.090. Dogecoin Price Faces Resistance Dogecoin price started a recovery wave from the $0.0775 zone, like Bitcoin and Ethereum. DOGE climbed above the $0.080 and $0.0820 resistance levels. There was a break above a bearish trend line with resistance at $0.0820 on the hourly chart of the DOGE/USD pair. There was a decent upward move above the 23.6% Fib retracement level of the downward move from the $0.1008 swing high to the $0.0776 low. Dogecoin price is now trading above the $0.08

China's reduced crude imports may stabilize global oil prices despite Middle East tensions, altering competitive dynamics among exporters. The post China’s crude imports plunge to decade low in May as refiners drain stockpiles appeared first on Crypto Briefing.