Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore

News

Stay up to date on the latest crypto trends with our expert, in-depth coverage.

banner
All
Crypto
Stocks
Commodities & Forex
Macro
Flash
02:01
Short-term trading suggestion for US crude oil: oscillating upward, buy on dips
(1)Analysis Reason: The ongoing escalation of the Middle East conflict has significantly increased the risk premium on crude oil supply, with the security of transportation through the Strait of Hormuz remaining the core focus of the market. Approximately 20% of the world's seaborne crude oil passes through this channel, and if transportation continues to be disrupted, expectations of supply-side tightness will continue to support oil prices. Currently, WTI is trading around $78, with a previous single-day surge of 8.5% indicating strong bullish momentum. The daily chart has broken out of the consolidation range and stabilized above key moving averages, showing a bullish trend structure. Although the increase in US inventories has caused some price fluctuations, as long as geopolitical risks remain unresolved, oil prices are expected to maintain an overall upward trend.(2)Key Focus: Geopolitical situation, inventory data, US Dollar Index, non-farm payroll data(3)Resistance: 80.00, 81.00, 82.00(4)Support: 79.00, 78.00, 77.00
02:00
Rumble: Tether has committed to $150 million in GPU service purchases and currently holds 210.82 BTC
Jinse Finance reported that Nasdaq-listed company Rumble disclosed in its latest annual report that it currently holds 210.82 bitcoins, as well as cash and cash equivalents valued at $237.9 million, bringing its total liquidity to approximately $256.4 million. In addition, Rumble revealed that the $100 million advertising investment from stablecoin issuer Tether will be paid over two years, with $50 million each year, and the first payment will be made in the first quarter of this year. Furthermore, Tether will also provide Rumble with up to $150 million in GPU service procurement commitments over two years, and the two parties will strengthen their strategic cooperation to expand AI infrastructure and high-performance computing capabilities.
01:57
The Australian dollar remains resilient due to multiple supports, but is expected to decline on a weekly basis.
The Australian dollar is expected to record its first weekly decline in eight weeks, mainly due to economic concerns triggered by the Middle East conflict. Barclays stated that the Australian dollar is supported by long-term trends and has relatively low exposure to energy risks. Australia is a net exporter of liquefied natural gas and coal. Although it imports petroleum products, its energy security is superior to that of Europe and Japan. Recently, crude oil prices have surged by $6 per barrel due to tensions in the Gulf, but the impact on Australia is relatively manageable. The Middle East conflict has pushed up inflation expectations and caused U.S. Treasury yields to soar, cooling market expectations for Federal Reserve easing. The Australian swap market shows a 33% probability of an interest rate hike by the Reserve Bank of Australia this month, with a May rate hike fully priced in and possibly another hike before the end of the year. Expectations of high yields are supporting the Australian dollar.
News