Solana (SOL) price slips 6%, nearing the lower end of its consolidation range at $76.45 at the time of writing on Monday. A firm close below this level suggests a deeper correction. The derivatives data supports a bearish sentiment with SOL’s short bets rising alongside negative funding rates.

India FX Reserves, USD increased to $725.73B in February 9 from previous $717.06B

The number of United States (US) citizens submitting new unemployment insurance applications decreased to 206K, much lower than initial estimates of 225K, and down from the previous week’s revised 229K, according to the US Department of Labor.

Litecoin (LTC) trades in red below $54 at the time of writing on Thursday, after correcting by over 3% so far this week.

Solana (SOL) is trading below $82 at the time of writing on Thursday after failing to break out of the upper consolidation range over the weekend.

Ripple (XRP) is supported above $1.40, and trading around $1.47 at the time of writing on Wednesday. The increase, although minor, has erased losses posted the previous day.

Silver prices (XAG/USD) collapsed for the first time in the week, down nearly 5% sponsored by steady US Treasury yields and a firm US Dollar, which weighed on the white metal. At the time of writing, XAG/USD trades at $73.49 after peaking at $76.87.

The United States (US) released the four-week average of the ADP Employment Change, which showed the private sector added 10.3 K jobs, beating the previous week 7.8K.

Bitcoin (BTC) is trading below $68,000 at the time of writing on Tuesday after facing rejection near the upper consolidation boundary.

Silver price retreats during the North American session nearly 1%, after reaching a daily high of $78.20.

Major currency pairs traded little changed on Monday as stock and bond markets in the United States (US) remained closed due to the Presidents' Day holiday.

Silver price advances bounce off daily lows around $74.01, posts gains of over 2.50% on Friday, yet it is poised to end the week on a negative note. A softer than expected US inflation report, pushed the white metal higher and traded at $77.20 a troy ounce ahead of the weekend.

Ripple (XRP) edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment. 

India FX Reserves, USD fell from previous $723.77B to $717.06B in February 2

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.

The Pound (GBP) is trimming losses against the Japanese Yen (JPY) on Friday, with the pair returning above 209.00 after bouncing at nearly two-week lows at 207.60.

The US Dollar (USD) holds around 97 in the American session on Thursday after Wall Street fell sharply on fresh AI-related fears, as the tech sector is far from generating decent profits.

Bitcoin (BTC) price is steadying at $67,000 on Thursday and faces resistance near the previously broken lower consolidation boundary at $67,300, signaling potential downside risk ahead.

The United States (US) released stronger-than-expected US Nonfarm Payrolls report for January, adding 130K jobs in quite an auspicious start to the year, while the Unemployment Rate ticked lower to 4.3%, and Average Hourly Earnings held steady at 3.7% over the last twelve months.

MUFG’s Michael Wan highlights that local political developments are supporting the Thai Baht (THB). A stronger-than-expected performance by the Bhumjaithai Party in Thailand’s recent elections has improved perceptions of political stability.

United States (US) ADP reported that, on average, the private sector added 6.5K new jobs in the four weeks ending January 24, up from 5K in the previous week. Other than that, Retail Sales remained unchanged in December, below expectations for a 0.4% increase and below November’s 0.6% advance.

Chiliz (CHZ) price extends its correction, trading below $0.040 at the time of writing on Tuesday, after falling through a key resistance level set the previous day.

Dogecoin (DOGE) price trades in red, hovering near $0.095 at the time of writing on Monday, after falling over 7% in the previous week. On-chain data shows that certain whales have accumulated DOGE at recent dips, suggesting easing selling pressure and signaling short-term price stabilization.

India FX Reserves, USD up to $723.77B in January 26 from previous $709.41B

The report by Nordea, authored by Jan von Gerich, discusses the recent rebound of the USD against the EUR and JPY. Despite the rebound, the report maintains a bearish outlook for the USD in the long term as investors seek alternatives.

The EUR/CAD cross gathers strength to around 1.6160 during the early European session on Friday. The Euro (EUR) edges higher against the Canadian Dollar (CAD) amid the differing approaches between the European Central Bank (ECB) and the Bank of Canada (BoC).

Here is what you need to know on Thursday, February 5:

Silver price extended its recovery for the second straight day, up by 3.75% shrugging off broad US Dollar strength, following the release of solid US economic data. At the time of writing, XAG/USD trades at $88.20, after bouncing off daily lows of $83.28.

The Euro falls during the North American session, down more than 0.10% as the Dollar recovers from Tuesday’s losses. Solid US business activity data is a headwind for the EUR/USD pair.

United States (US) ADP Employment Change report revealed that the private sector added 22K jobs in January, falling short of expectations of 48K.