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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

China oil trade talks have sparked a bit of a boost in energy markets right now, with prices actually bouncing back from four-year lows. Just yesterday, oil futures turned higher after Chinese officials signaled that they might be willing to engage with the U.S., which could ease some of the tensions that have been weighing on commodity prices for a while. Also Read: XRP Price Prediction: 25% Drop in XRP as Euro Stablecoin Hits XRP Ledger How China’s Oil Trade Talks With the U.S. Are Shaping Global Oil Prices Source: Watcher Guru Markets React Positively The oil market reaction to China trade talks was pretty much immediate. Brent futures added about 1.4% while West Texas Intermediate also climbed up, erasing those earlier losses from the morning. Ole Hansen, head of commodities strategy at Saxo Bank, stated: “A bit of risk-on followed after news broke of China’s openness to talks. Overall the market seems to be settling into a bit of a wait-and-see mode.” This p...

A crypto strategist known for accurately calling the 2021 digital asset cycle top believes Bitcoin (BTC) and altcoins are poised to bounce higher this week. The analyst pseudonymously known as Pentoshi tells his 855,900 followers on the social media platform X that the OTHERS weekly chart, which tracks the total market cap of crypto excluding the 10 largest digital assets and stablecoins, is flashing bullish. “Liking [last weekly candle]… [This] week higher for your favorite cryptocurrency coins in my opinion.” Source: Pentoshi/X He believes that the OTHERS chart may soon have a series of rallies and flip the $281 billion resistance level on the weekly chart into support. “These are going to likely be the most decisive spots in terms of trends, entries and exits for the foreseeable future. $250 billion is where we took longs and is very close to an HTF (high time frame) invalidation level which makes it cheap if wrong. $281 billion is our...

Over the years, JPMorgan (NYSE: JPM) CEO Jamie Dimon has maintained a dismissive stance regarding Bitcoin’s (BTC) potential, with his concerns mostly centered on the asset’s ability to be leveraged in illicit activities. At the same time, Dimon has questioned Bitcoin’s actual value in the financial landscape. Despite his view on the maiden cryptocurrency, BTC has forged ahead, hitting new record highs. One of Dimon’s notable objections emerged on January 17, 2024, when he famously labeled Bitcoin a ‘pet rock,’ claiming that the digital currency ‘does nothing’ while vowing not to speak about it again. However, he broke this promise days later. Picks for you Three analysts are ‘keeping an eye’ on this cryptocurrency charts this week 23 mins ago ...