Day: April 28, 2026

Bank of Japan projects economic slowdown for fiscal 2026 amid Middle East tensions

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The Bank of Japan projects a slowdown in economic growth for fiscal 2026, driven by Middle East tensions that have pushed oil prices to record highs. The market for a rate cut after the April 2026 meeting sits at 0.1% YES, unchanged from last week. The geopolitical context could shift this. The Bank of Japan has stressed flexible monetary policy, and energy security concerns raise the probability of rate cuts if elevated oil prices persist. The April 2026 market remains static at 0.1% YES, with only $19 in USDC traded…

Ethereum Price Drops Below $2,350, Recovery Hopes Start To Fade

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Ethereum price started a fresh decline and traded below $2,350. ETH is now consolidating above $2,265 and might struggle to recover. Ethereum started a downside correction from the $2,400 zone. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,310 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,350 zone. Ethereum Price Trims Gains Ethereum price failed to remain stable above $2,380 and…

Tehran condemns US seizure of Iranian oil tankers as piracy

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Tehran called Washington’s seizure of Iranian oil tankers “outright piracy.” The market for Iran successfully targeting ships by April 30 sits at 80% YES, up from 19% just 24 hours ago. ## Market reaction The ship-targeting market spiked 61 percentage points in a single day. Daily volume is $1,280 in USDC, and it takes only $101 to move the odds by 5 percentage points. This is a thinly traded market, vulnerable to sharp swings on any new development. The Strait of Hormuz traffic normalization market (resolving end of June) has…

Bitcoin Price Turns Lower After Rejection, Downside Pressure Builds

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Bitcoin price started a fresh decline from the $79,500 zone. BTC is consolidating and might struggle to stay above the $76,500 support. Bitcoin failed to stay above $78,500 and corrected gains. The price is trading below $78,000 and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance at $77,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $77,600 and $78,000 levels. Bitcoin Price Dips Again Bitcoin price failed to…

Tech stocks hit bear territory as US-Iran tensions rise, Nvidia remains strong

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Six of the Magnificent Seven tech stocks have fallen into bear territory as U.S.-Iran tensions escalate, but the odds of NVIDIA becoming the largest company by market cap on June 30 hold at 92% YES, even as earnings season approaches alongside questions about a $600 billion AI-driven capital expenditure plan. Market reaction The market trades a daily volume of $16,712 in USDC, with $42,558 in depth needed to move the price 5 points. The largest single move was a 1-point spike, pointing to relatively stable sentiment despite the geopolitical backdrop.…

Bitcoin Bears At Risk Of $1.4B Liquidation If BTC Rallies To $80K

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Key takeaways: Persistent spot market accumulation from Bitcoin ETFs and Strategy provided a price floor for Bitcoin and threatens to trigger a short squeeze. Negative funding rates and cautious options skews could trap bears if the Federal Reserve policy shifts or high oil prices trigger higher inflation. Bitcoin (BTC) price sustained levels above $76,000 for the past week, distancing itself from its year low at $60,500. The recent bullish momentum came as crude oil prices jumped above $100 and the S&P 500 hit new trading highs, but futures market data…

Japan signals potential forex intervention amid yen weakness and oil price impact

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Japan’s Finance Minister Satsuki Katayama has signaled preparedness for foreign exchange intervention amid yen weakness. The Polymarket contract on whether the Bank of Japan cuts rates after its April 2026 meeting sits at 0.1% YES. Katayama’s comments link crude oil price fluctuations to forex instability, implying potential for intervention. The Bank of Japan’s April decision market has held at 0.1% YES, unchanged over the past week. With the yen trading near 159–160 per dollar, speculation about intervention could push the BoJ closer to a rate cut. In the crude oil…

Israeli Regulators Approve Shekel-Pegged Stablecoin

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Israel’s Capital Market, Insurance and Savings Authority has greenlit the launch of a shekel-pegged stablecoin by the virtual exchange exchange Bits of Gold. In a Monday notice, the Israeli regulator said that it had granted approval of the BILS stablecoin after a two-year pilot program of the stablecoin on the Solana blockchain. Source: LinkedIn According to the announcement, the stablecoin’s reserve assets will be held in Israel in “designated and separate accounts.” The project was part of a larger effort by the Israel Tax Authority and the country’s Finance ministry…