The US Congress has formally reintroduced efforts to establish a national Strategic Bitcoin Reserve through a new bill known as the American Reserve Modernization Act of 2026 (ARMA). The bipartisan legislation, led by Representatives Nick Begich and Jared Golden, aims to codify and expand President Donald Trump’s earlier executive order on government-held Bitcoin reserves. The
Key Facts US natural gas at Henry Hub has remained near $3.00/MMBtu despite the Persian Gulf crisis pushing Brent and WTI crude sharply higher, according to broker Elev8. Elev8 cites a late-April low around $2.50/MMBtu; the EIA’s April spot average was $2.77/MMBtu, with a forecast 2Q26 average of $2.83/MMBtu. Elev8 attributes the divergence to six
Workday (NASDAQ: WDAY) stock price surged by over 10% in the pre-market session as investors bought the dip following its better-than-estimated results. It rose to $136, modestly higher than the year-to-date low of $110. Workday stock is soaring after earnings report WDAY stock has been under pressure in the past few years, moving from a
Another week has passed, yet the Strait of Hormuz remains closed. As mentioned in previous Thoughts, Iranian storage facilities are getting full. The country is therefore increasingly forced to rely on old tankers as floating storage for the oil that continues to be produced but cannot be exported. After all, you can’t simply turn off
ETHUSD struggles near the midpoint of a multi-month range Drops below all SMAs, with the 100day now acting as resistance Momentum signals point to subdued bias Ether (ETHUSD) is attempting to defend key support at 2,100 after falling below all four major SMAs, clustered between 2,150 and 2,250. Overall, price action remains subdued near the
Sushiswap cryptocurrency can be expected to rise to the next resistance level 0.2200 (former resistance from march and April). Sushiswap reversed from round support level 0.2000 Likely to rise to resistance level 0.2200 Sushiswap cryptocurrency recently reversed up sharply from the support zone lying at the intersection of the round support level 0.2000 (which has
The cryptocurrency market witnessed a dramatic decoupling on May 22, 2026, as NEAR Protocol (NEAR) staged an aggressive rally, surging over 25% in a single day while the broader market faced widespread consolidation. This vertical move, which saw the token climb from monthly lows near $1.25 to break past $2.20, has thrust NEAR into the
Cosmos cryptocurrency can be expected to rise to the next resistance level 2.200 (top of the previous minor correction ii from the middle of May). Cosmos reversed from support zone Likely to rise to resistance level 2.200 Cosmos cryptocurrency recently reversed up from the support zone lying at the intersection of the round support level
Indian capital market stocks have emerged as one of the strongest-performing pockets of the market over the past year. The muted benchmark index performance has done nothing to limit the rally. At the time of writing, while the Nifty 50 has declined by 5.66% over the last year, the Nifty Capital Market index surged nearly
Brent crude oil price ended last week at $109.50, its highest point since May 5 this year. It has soared by over 13% from the lowest point this month, and may have more gains ahead as the quagmire between the US and Iran continues. Worse, it has formed the bullish inverted head-and-shoulders pattern, pointing to