Crude oil futures climbed, lifted by a temporary cut in U.S.-China tariffs and a better-than-expected inflation report. The two benchmarks rose strongly in the previous session after the U.S. and China agreed on sharp reductions to their import tariffs for at least 90 days.
The last session saw the Oil rise 0.9% against the Dollar. The CCI is giving a positive signal.
Support: 57.846 | Resistance: 65.466
Bitcoin has seen its largest 30-day illiquid supply increase of the current bull market. Illiquid supply now stands at 14 million BTC, more than ever before. Whales are still accumulating as the price returns to six figures.
After a 1.1% dip during the last session, the Bitcoin-Dollar pair closed 2.0% in the red. The CCI is giving a positive signal.
Support: 95222 | Resistance: 109592
Wall Street’s three major indexes rose sharply with the S&P 500 marking its highest level since early March as a U.S.-China agreement to temporarily slash tariffs brought some hopes for the easing of a global trade war, which U.S. President Donald Trump ignited in early April.
The dollar surged as the United States and China reached a deal to temporarily cut reciprocal tariffs and tamped down concerns that a trade war between the world’s two biggest economies could lead to a global recession.
The Euro-Dollar pair dove 1.2% in the last session. The RSI indicates an overbought market.
EUR/USD dove 1.2% in the last session.
Support: 1.0845 | Resistance: 1.1377
Tether’s USDt surpassed a $150 billion market capitalization for the first time on May 12, marking a new milestone amid growing stablecoin adoption. USDt’s circulating supply has expanded by over 36% in the past year, with growth accelerating in November following the election of US President Donald Trump.
U.S. President Donald Trump hailed talks with China in Switzerland on Saturday, saying the two sides had negotiated “a total reset in a friendly, but constructive, manner.” Meeting lasted for about 8 hours, but neither side came out with an official statement.
