TL;DR Breakdown A combination of indicators and recent crypto trading activity suggests that Bitcoin (BTC) could experience a sharp decline in value. It’s possible that Ethereum’s (ETH) May performance might repeat itself in June. The price of Pepe (PEPE) could find support if it breaks out of its corrective trend. Due to its high return potential and innovative technological features, the crypto market has maintained its popularity among investors and enthusiasts. Thanks to the many changes made to the crypto scene, there is a sense of excitement and anticipation as we enter June 2023. Here, we’ll look at some of the most talked-about crypto forecasts for June 2023, including the market movements and top coins that might be predicted this month. Contents hide 1 Will Bitcoin’s price keep falling? 2 Altcoins coin seeing growth 3 Central bank digital currencies (CBDC) 4 Crypto development of regulatory frameworks Will Bitcoin’s price keep falling? On May 11, the Bitcoin price fell after a head and shoulders pattern had been broken (red icon). Bears should keep an eye out for the head and shoulders…

TL;DR Breakdown Swiss banking giant UBS is considering delaying its quarterly results until late August due to complexities from its acquisition of Credit Suisse. The results publication, along with an update on Credit Suisse’s domestic operations, might be deferred. The potential delay, hinted at in a notice on UBS’s website, reflects the magnitude and complexity of the merger. Swiss banking colossus, UBS, is reportedly mulling over the prospect of postponing its quarterly results until late August, as it grapples with the complexities arising from its acquisition of Credit Suisse. This information comes in light of a recent Financial Times report. The UBS leadership is said to be deliberating over deferring the results’ publication as well as providing an update on the future of Credit Suisse’s domestic operations. While these changes might be consequential for stakeholders, it’s crucial to remember that the bank’s planned April-June results are officially due on July 25. UBS: A possibility of change In a notice posted on the UBS website, the bank subtly hinted at the potential delay. The notice expressed that the intended date for…

TL;DR Breakdown A majority of European countries rejected a proposal by large telecom operators to impose a network fee on tech giants such as Google to fund the rollout of 5G and broadband in Europe. Telecom ministers from 18 countries voiced concerns about the potential effects of the levy, including extra costs passed on to consumers and violation of EU’s “net neutrality” rules. Tech giants like Google, Apple, Meta Platforms, Netflix, Amazon, and Microsoft opposed the levy, arguing they already invest substantially in the digital ecosystem. The proposal for a network fee charge on tech giants has been rebuffed by a majority of European countries, as they’re siding against the idea of putting an additional financial burden on leading tech companies. This motion, backed by prominent telecom operators in Europe, argues for the levy on the likes of Google to facilitate the deployment of broadband and 5G throughout the region. The opposition stance In a Luxembourg meeting with EU industry chief Thierry Breton, 18 telecom ministers of the Union voiced their disapproval or called for a comprehensive study into the…

TL;DR Breakdown The Chinese yuan has dropped to six-month lows against the US dollar, and experts suggest it might weaken further due to concerns over China’s uneven pandemic recovery. A weaker yuan can bolster export performance, especially during the current contraction of global trade. Despite its rapid depreciation, the People’s Bank of China (PBOC) has rarely intervened, indicating that it’s comfortable with the current situation. As the gears of China’s economic machine start to grind amidst concerns over an uneven pandemic recovery, all eyes are now on the yuan. Recently plummeting to six-month lows against the US dollar, experts are predicting that China’s currency may have further to fall. Clouds over the second-largest economy China’s economic data has been less than inspiring recently. With yield gaps with the United States widening and corporate dividends looming, there has been a continued outflow of capital from the foreign selling of stocks and bonds. As a result, the yuan has tumbled to a low not seen since last November. In the face of a surging dollar, the yuan has depreciated over 5% since…

TL;DR Breakdown Aptos price analysis indicates a bullish trend today. The resistance for APT/USD is found at $9.39. The support for APT is present at $8.87. The Aptos price analysis is showing bullish results for the day as the price kept rising steadily. The buying pressure is seen to be strong, pushing the price up by 2.89% from its opening value of $9.01 rallied to $9.30. The market was in the bearish trend earlier today,  threatening to drop below its intraday low of $8.87. But it quickly shifted back to the bullish sentiment and has maintained its momentum throughout the day. APT/USD 1-day price chart: Aptos price gains bullish momentum as it reaches $9.30 The 1-day Aptos price analysis chart shows the candlesticks are moving in a bullish direction after a prolonged period of loss. The APT/USD price has recovered above the $9.30 level as more buying is seen in the market.  The trading volume has slightly increased by 19.17 percent, and it is currently at $103 million, while the market cap has increased by 2.97 percent over the past…

TL;DR Breakdown The U.S. economic policy often shifts, reflecting its complex financial landscape. Current economic policies mirror the nation’s divided society and polarized politics. Recent shifts towards protectionism raise concerns about a possible recession. In the realm of global finance, the economy of the United States of America is analogous to a chameleon—constantly shifting, adapting, and leading the world on an economic dance that’s sometimes hard to follow. At one moment, the narrative centers on the Federal Reserve and the banking industry, at another, the dialogue shifts towards industrial policy and international relations, most notably with China. This constant metamorphosis of economic focus is the result of the intricate and often conflicting components that shape the financial landscape of America. The fragmented triad: Monetary, industrial, and fiscal policy in America One could consider the economic policy of the United States a triptych, composed of monetary, industrial, and fiscal policies. However, these aren’t harmonious pieces of a grand design. They often diverge in their objectives and mechanisms, functioning within different paradigms and frequently contradicting one another. The Federal Reserve hones in…

TL;DR Breakdown The crypto and traditional banking industries have a relatively busy week ahead on the economic calendar, with US and Chinese economic indicators likely to move the dial. Draft of the Republican Digital Asset Market Structure Bill could elicit anti-crypto rhetoric from the opposing party. The direction of the XRP price will depend on public opinion regarding the SEC v. Ripple case as the release date of the Hinman speech-related documents approaches. As the global crypto market continues to evolve and capture mainstream attention, lawmakers and regulators worldwide have started to take a closer look at this rapidly expanding sector. In this week’s crypto outlook, analysts highlight five key developments that have caught the attention of market participants and industry observers alike. Contents hide 1 Crypto heads for a busy week regards China and the US 2 House Committee on Agriculture to hold hearing on Digital Assets on June 6 3 The famous SEC vs Ripple case 4 Insights into the development of Ethereum staking 5 Democrats response to the proposed reorganization of the digital asset markets Crypto heads…

TL;DR Breakdown Weekly crypto price analysis reveals major coins have been trading in sideways reaction for the past week. Bitcoin (BTC) has been hovering around $27,000 for most of the days in the past weeks. Ethereum price analysis has successfully broken above the 1,800 level for the past few days. Weekly crypto analysis reveals that Bitcoin and most major cryptocurrencies are struggling to hold on to their higher levels, indicating that the bears have not given up yet. In the past week, The bulls and bears have been in a tug of war for the past few days, resulting in sideways trading. The Bitcoin price analysis has been hovering around the $27,000 mark, with a few small jumps above and below this level. Ethereum (ETH) has been trading in a strong bullish trend recently and is now hovering around its all-time high of $1,800. Ethereum price analysis has successfully broken above the 1,800 level for the past few days. Cryptocurrencies price heat map: Coin 360 BNB, ADA, XRP, and SOL have also been trading in a relatively sideways trend. Binance…

TL;DR Breakdown Patrick Njoroge, the outgoing governor of the Central Bank of Kenya (CBK), has provided clarity on the bank’s stance on cryptocurrencies. His comments come at a critical time when opinions on digital currencies remain divided globally. Njoroge emphasized that the CBK’s cautious approach to cryptocurrencies is not based on personal opinions but on the wealth of information accumulated by the institution over its 57-year history. Known for his staunch opposition to cryptocurrencies, Njoroge has been a notable figure in Kenya’s financial sector, advocating for caution when dealing with volatile digital assets. Governor Patrick Njoroge, who is nearing the end of his tenure at Kenya’s Central Bank, has come forward to share his perspective on the often-controversial subject of cryptocurrencies. His statements come at a time when the global financial world is divided on the issue, with some welcoming the technology and others, like Njoroge, offering cautionary advice. Unraveling the CBK’s position on cryptocurrencies Njoroge, who has the distinction of being the ninth governor of Kenya’s Central Bank, expressed that his opposition to cryptocurrencies is not a product of…

TL;DR Breakdown In an interview, Gary Vee addressed how NFTs can transform real estate, gaming, sports, and education. According to Gary Vee, NFTs could impact property. He predicts digital property ownership, frictionless transactions, and fractional ownership with NFTs.  He thinks only some NFT initiatives should grow their intellectual property beyond the digital domain in sectors like toys and fashion. Gary Vee has put his voice to the public over NFTs. Non-fungible tokens (NFTs) are a new and exciting development in the fast-expanding field of blockchain technology and digital currencies. As NFTs make it possible to possess and verify one-of-a-kind digital assets, they usher in a new age in how we experience and interact with digital works of art, collectibles, and more. Although NFTs have seen explosive growth in digital art and collectibles, a well-known entrepreneur and investor Gary Vee thinks their utility goes far beyond these niche markets. Gary Vee sees NFTs going beyond digital finance Gary Vee has made a name for himself as a visionary company leader who can anticipate and capitalize on new developments. He also has…