According to Santiment, Bitcoin is reaching 20.000 unique 100 BTC+ wallets. Price at 67.312 dollars, RSI 41. With GD Culture's 7.500 BTC sale and BTC PERP's %8 recovery, market dynamics are strengt...
The Ethereum co-founder said four areas that need changes include validator signatures, data storage, user accounts and proofs, but the evolution won’t be easy.
BitcoinWorld WTI Crude Oil Plummets to $65.00 as US and Iran Announce Critical Nuclear Talks Global energy markets experienced significant volatility this week as West Texas Intermediate crude oil prices dropped sharply to near $65.00 per barrel. This substantial decline coincided with the announcement that the United States and Iran will resume nuclear negotiations next week, creating immediate impacts across financial sectors worldwide. Market analysts immediately noted the correlation between diplomatic developments and commodity price movements, highlighting the interconnected nature of geopolitics and energy economics. WTI Crude Oil Price Movement Analysis West Texas Intermediate crude oil, the North American benchmark, fell approximately 4.2% during Thursday’s trading session. This decline represents the most significant single-day drop in three months. Consequently, traders adjusted their positions based on the diplomatic news. The price movement reflects changing expectations about future oil supply dynamics. Specifically, market participants anticipate potential changes to Iranian oil exports should nuclear negotiations progress positively. Energy analysts at major financial institutions provided immediate commentary on the price action. For instance, Goldman Sachs commodities research noted that “diplomatic progress typically precedes supply adjustments.” Similarly, Morgan Stanley’s energy team highlighted historical correlations between Iran negotiations and oil price volatility. These expert perspectives help contextualize the market reaction within broader economic patterns. Historical Price Context and Market Psychology The current price level near $65.00 represents a crucial psychological threshold for WTI crude oil. Previously, this price point served as both support and resistance during various market cycles. For example, during the 2021 recovery period, $65.00 marked a significant resistance level that took months to overcome. Now, the market tests this level from above, creating technical interest among chart analysts. Several factors contributed to the recent price pressure beyond the Iran negotiations. These include: Strategic petroleum reserve releases from multiple consuming nations Demand concerns in major economies facing potential slowdowns OPEC+ production adjustments that exceeded market expectations Currency fluctuations affecting dollar-denominated commodities US-Iran Nuclear Negotiations Timeline The upcoming nuclear talks represent the latest chapter in a complex diplomatic history. Initially, the Joint Comprehensive Plan of Action (JCPOA) was signed in 2015. Subsequently, the United States withdrew from the agreement in 2018 under the previous administration. Since then, indirect negotiations have occurred intermittently with varying degrees of progress. The scheduled talks for next week follow several months of preparatory discussions. European mediators have facilitated communication between the parties. Importantly, both sides have expressed cautious optimism about potential progress. However, significant differences remain regarding verification mechanisms and sanctions relief timing. Recent US-Iran Negotiation Timeline Date Event Market Impact April 2021 Indirect talks begin in Vienna WTI dropped 2.3% June 2022 Negotiations stall WTI rose 5.1% November 2023 Technical discussions resume Minimal price movement Current Week Next round announced WTI fell 4.2% Geopolitical Implications for Energy Markets The potential restoration of the nuclear agreement carries substantial implications for global oil supplies. Currently, Iran possesses the world’s fourth-largest proven crude oil reserves. However, sanctions have restricted its export capacity significantly. Should negotiations succeed, analysts estimate Iran could increase exports by 1.0 to 1.5 million barrels per day within six months. This additional supply would enter markets already adjusting to changing demand patterns. Furthermore, other OPEC members would need to reconsider their production strategies. The organization faces balancing multiple competing interests among member states. Therefore, diplomatic progress creates complex decision-making scenarios for major producers. Global Energy Market Reactions International markets responded to the WTI price movement with varying intensity. Brent crude, the international benchmark, declined approximately 3.8% in parallel trading. Meanwhile, energy equities underperformed broader market indices significantly. The S&P 500 Energy Sector Index fell 2.7% compared to the broader market’s 0.8% decline. Currency markets also reflected the changing dynamics. The Canadian dollar, often correlated with oil prices, weakened against its US counterpart. Similarly, the Norwegian krone experienced downward pressure. These currency movements demonstrate how energy price changes transmit through global financial systems. Regional impacts varied considerably across consuming nations. For instance: European markets faced mixed signals due to natural gas supply concerns Asian importers welcomed potential price relief for their economies Middle Eastern producers monitored developments affecting their revenue projections African exporters confronted competitive pressure scenarios Expert Analysis on Supply-Demand Balance Energy economists emphasize the importance of timing in supply adjustments. The International Energy Agency’s latest monthly report projects global oil demand growth of 1.9 million barrels per day for 2025. Simultaneously, non-OPEC supply is expected to increase by 1.4 million barrels per day. Therefore, the potential Iranian supply increment could significantly affect the supply-demand balance. Market structure indicators provide additional insights. The forward price curve for WTI crude shifted toward a steeper contango structure following the announcement. This technical development suggests traders anticipate increased near-term supply availability. Additionally, options market activity showed increased demand for downside protection. Economic Consequences for Producing and Consuming Nations Lower oil prices create divergent economic effects across different country groups. Major exporting nations face potential revenue shortfalls that could affect fiscal budgets. For example, several Middle Eastern governments have based their 2025 spending plans on specific oil price assumptions. Price declines below these levels might necessitate policy adjustments. Conversely, importing nations benefit from reduced energy import costs. The European Union, which imports approximately 85% of its crude oil requirements, stands to gain from price moderation. Similarly, emerging economies in Asia and Africa would experience relief for their current account balances. These differential impacts illustrate the complex global distribution of energy price effects. Inflation dynamics represent another crucial consideration. Central banks worldwide monitor energy prices as a component of broader inflation measures. Recent declines in oil prices could moderate inflationary pressures in coming months. Consequently, monetary policy decisions might incorporate these changing energy cost assumptions. Technical Market Factors and Trading Patterns Beyond fundamental developments, technical factors contributed to the price movement. Trading volume during the decline exceeded the 30-day average by approximately 40%. This elevated activity suggests strong conviction among market participants. Additionally, key moving averages provided resistance levels that reinforced the downward momentum. Positioning data from regulatory agencies reveals interesting patterns. Specifically, managed money accounts reduced their net long positions in WTI futures during the week preceding the announcement. This positioning shift suggests some market participants anticipated potential diplomatic developments. However, the timing and magnitude of the price reaction still surprised many traders. Conclusion The decline in WTI crude oil prices to near $65.00 per barrel demonstrates the continuing sensitivity of energy markets to geopolitical developments. The scheduled US-Iran nuclear negotiations represent a potentially transformative event for global oil supplies. Market participants will monitor next week’s talks closely for indications of diplomatic progress. Furthermore, the price reaction highlights how commodity markets incorporate geopolitical risk assessments into trading decisions. Ultimately, the interplay between diplomacy and economics continues to shape energy market outcomes in increasingly interconnected ways. FAQs Q1: Why did WTI crude oil prices fall to $65.00? The primary catalyst was the announcement that the United States and Iran will resume nuclear negotiations next week. Markets anticipate that successful talks could lead to increased Iranian oil exports, adding to global supply. Q2: How might successful nuclear talks affect global oil supplies? If sanctions are lifted, Iran could increase oil exports by 1.0 to 1.5 million barrels per day within approximately six months. This additional supply would represent about 1.5% of current global production. Q3: What other factors contributed to the oil price decline? Additional factors included strategic petroleum reserve releases from consuming nations, concerns about economic growth affecting demand, OPEC+ production decisions, and technical trading patterns in futures markets. Q4: How do lower oil prices affect different countries? Oil-exporting nations face potential revenue shortfalls that could impact government budgets. Importing countries benefit from reduced energy costs, which can help moderate inflation and improve trade balances. Q5: What should market watchers monitor regarding these negotiations? Key indicators include the timing of potential sanctions relief, verification mechanisms for nuclear compliance, Iran’s production ramp-up capabilities, and reactions from other OPEC+ members to changing market conditions. This post WTI Crude Oil Plummets to $65.00 as US and Iran Announce Critical Nuclear Talks first appeared on BitcoinWorld .
The Bitcoin miner moved to convert U.S. sites into AI-ready campuses, though analysts say confirmed tenants will be key.
On-chain data shows spot demand for Bitcoin is returning as the Apparent Demand metric has started to grow for the first time since late November. Bitcoin Apparent Demand Has Seen Its 30-Day Sum Turn Green In a new post on X, CryptoQuant head of research Julio Moreno has discussed the latest trend in the Apparent Demand of Bitcoin. This on-chain indicator provides an estimate for the spot demand for the cryptocurrency that’s present on the network right now. It does so by comparing two metrics: the mining issuance and change in the 1-year inactive supply. The mining issuance is the amount of the asset that miners are ‘minting’ on the blockchain every day through their mining activities. It can be considered as a measure of the asset’s total production. In contrast, the 1-year inactive supply, corresponding to coins dormant since more than one year ago, represents the cryptocurrency’s inventory. When the value of the Apparent Demand is positive, it means the decrease in the inventory exceeds the production. Such a trend suggests demand for BTC is going up. On the other hand, the indicator being negative implies coins are being stashed away in inventory, potentially because of a lack of fresh activity. Now, here is the chart shared by Moreno that shows the trend in the 30-day sum of the Bitcoin Apparent Demand over the last few months: As displayed in the above graph, the Bitcoin Apparent Demand saw its 30-day sum plummet deep into the red zone during December, implying demand for the cryptocurrency was muted. The metric persisted at these lows during the first half of January, but things started to reverse in the month’s second half. The Apparent Demand remained at slight negative levels for much of February, but recently, a reversal into the positive territory has finally taken place. “Bitcoin spot demand is growing for the first time since late November,” noted the analyst. For now, the metric’s green level is still relatively small, so it only remains to be seen whether it will go up further in the near future. In related news, the Coinbase Premium Index has also flipped green for Bitcoin recently, as CryptoQuant founder Ki Young Ju has pointed out in an X post . The Coinbase Premium Index tracks the percentage difference between the BTC price on Coinbase (USD pair) and that on Binance (USDT pair). In other words, it reflects how Coinbase’s US-centric traffic differs in behavior from Binance’s global userbase. From the chart, it’s visible that the metric shot up into the positive territory alongside the latest price surge, a potential sign that accumulation from American institutions backed the rally. BTC Price At the time of writing, Bitcoin is floating around $68,000, up 4% in the last 24 hours.
Filecoin’s rebound gains credibility as volume expands and buyers reclaim short-term control.
This content is provided by a sponsor. PRESS RELEASE. TEAMZ Inc. (Headquarters: Tokyo, Japan; Representative: Tianyu Yang) is pleased to announce that Title and Gold sponsorship packages for TEAMZ Summit 2026, to be held on April 7–8, 2026 at Happo-en, Tokyo, are now fully sold out. With only one (1) Platinum slot and three (3)
It started as an idea. Now it processes more lending volume than most people will ever see in a lifetime. Aave, the decentralized finance protocol that lets users borrow and deposit crypto without going through a traditional bank, has crossed $1 trillion in total cumulative lending — a milestone that has never been reached by any other protocol in the DeFi industry. Related Reading: Is Bitcoin The Poor Man’s Hedge Against Inflation? Coinbase CEO Thinks So From A 2017 Startup To A Trillion-Dollar Lending Machine Aave was not always called Aave. Its founder, Stani Kulechov, first launched the platform under the name ETHLend in November 2017 before rebranding it in September 2018. What began as a small peer-to-peer lending experiment on the Ethereum blockchain has grown into the dominant force in decentralized lending, with over $27 billion in total user funds currently secured on the platform. Aave crossed $1 trillion all-time loans. A first in DeFi history. pic.twitter.com/9zMKhtGq6R — Aave (@aave) February 25, 2026 Over the past 30 days alone, Aave generated more than $83 million in fees — nearly four times more than its nearest competitor, Morpho. Other well-known lending platforms including JustLend, SparkLend, Maple, and Compound Finance each hold over $1 billion in total value locked, but none come close to matching Aave’s scale. “A decade ago, DeFi and Aave didn’t exist. They were just ideas. Today, Aave stands as the backbone of onchain lending, powering a new financial system that is open, global, and unstoppable,” Kulechov said in a post on X following the announcement. His longer-term ambitions are even bigger. Kulechov has said he wants Aave to become the largest and most efficient liquidity network on the planet — one that banks, builders, and financial technology companies connect to by default. Big Finance Names Are Already At The Table Aave is no longer just for crypto enthusiasts. In August last year, Aave Labs launched a new product called Aave Horizon, a lending market built on Ethereum and designed specifically for traditional financial institutions. Related Reading: Peter Schiff Says Bitcoin Has Never Beaten Gold Since 2021 The idea is to allow established finance firms to borrow stablecoins using real-world assets as collateral. According to reports, VanEck, WisdomTree, and Securitize were among the first major institutions to participate in the offering — a sign that the gap between conventional finance and decentralized protocols is narrowing. Kulechov has also been vocal about what he sees as the next big opportunity for DeFi lending. Reports say he believes that tokenizing what he calls “abundance assets” — things like solar energy infrastructure, battery storage systems, and robotics used in labor — could open an entirely new category of collateral for decentralized lending. He expects those types of assets to be worth a combined $50 trillion by 2050. Featured image from BTCCard, chart from TradingView
BitcoinWorld South Korean FSC Launches Crucial Virtual Asset Committee Meeting to Finalize Landmark Digital Asset Act SEOUL, South Korea – March 1, 2025 – In a pivotal move for the global cryptocurrency sector, South Korea’s Financial Services Commission (FSC) will convene its influential Virtual Asset Committee next week, setting the stage for the nation’s first comprehensive digital asset legislation. This crucial meeting, scheduled for March 4, represents the committee’s inaugural session this year and aims to finalize the government’s proposed ‘Basic Act on Digital Assets’ after incorporating critical feedback from private sector advisors. The outcome will directly shape the regulatory landscape for exchanges, stablecoins, and investor protection in one of the world’s most active crypto markets. South Korean FSC Virtual Asset Committee Convenes for Landmark Session The Financial Services Commission officially confirmed the meeting date following a report by The Herald Business. Consequently, this assembly marks a significant step in South Korea’s multi-year journey toward formal cryptocurrency regulation. The Virtual Asset Committee itself operates as a public-private advisory body, bridging government authorities with industry experts from finance, technology, and law. Therefore, its recommendations carry substantial weight in the legislative process. Historically, South Korea has employed a piecemeal regulatory approach, but this new basic act seeks to establish a unified, forward-looking framework. The committee’s diverse membership ensures that proposed rules balance market innovation with necessary consumer safeguards. Core Agenda: Exchange Ownership Caps and Stablecoin Frameworks The committee’s primary agenda features two transformative proposals that could redefine market structure. First, authorities will discuss imposing strict limits on major shareholder stakes in cryptocurrency exchanges. Specifically, the proposal suggests capping ownership at a range between 15% and 20%. This measure directly addresses concerns over market concentration and potential conflicts of interest. For context, major global exchanges often have concentrated ownership structures. By contrast, South Korea’s proposed cap aims to foster greater corporate governance and reduce systemic risk. The table below outlines the potential impact: Proposed Rule Current Common Practice Intended Outcome 15-20% ownership cap for major shareholders Single entities or founders often hold controlling stakes Enhanced governance, reduced manipulation risk, diversified control Bank-led stablecoin issuance requiring 50%+1 share Various private, non-bank entities issue stablecoins globally Increased stability, banking oversight, and regulatory clarity Second, and equally significant, the committee will debate a framework for stablecoin issuance. The government’s draft legislation advocates for a model led by banking institutions, which must hold a majority stake of 50% plus one share in any issuing entity. This approach prioritizes financial stability and aligns with traditional banking oversight. Moreover, it contrasts with models in other jurisdictions where non-bank fintech companies lead stablecoin projects. The FSC’s preference for bank leadership stems from a desire to leverage existing prudential regulations and deposit insurance schemes. Expert Analysis and Market Implications Financial policy analysts highlight the meeting’s timing within a broader global regulatory trend. Following the European Union’s Markets in Crypto-Assets (MiCA) regulation and ongoing U.S. debates, South Korea’s actions contribute to an emerging international standard. Experts note that the ownership cap could force restructuring at some domestic exchanges, potentially leading to board diversification and new investment. Simultaneously, the bank-centric stablecoin model may accelerate partnerships between traditional finance and blockchain firms. Market observers anticipate that clear rules will reduce legal uncertainty, possibly attracting more institutional capital to South Korea’s digital asset ecosystem. However, the final legislation must carefully avoid stifling innovation while ensuring robust investor protection. Legislative Timeline and Expected Outcomes The March 4 meeting initiates a formal consultation phase. After gathering feedback, the FSC will refine the legislative proposal before submitting it to the National Assembly. The process typically involves several readings and committee reviews. Given the political consensus on the need for digital asset regulation, observers predict the bill could pass within the current parliamentary session. Key stakeholders, including the Korea Fintech Industry Association and major exchange operators, have previously called for regulatory clarity. The proposed basic act aims to cover multiple areas beyond the committee’s immediate agenda: Consumer Protection Mandates: Rules for custody, disclosures, and dispute resolution. Market Integrity Measures: Guidelines to prevent market manipulation and insider trading. AML/CFT Compliance: Enhanced anti-money laundering and counter-terrorist financing protocols aligned with FATF standards. Token Classification: A framework to distinguish between securities, payment tokens, and utility tokens. This comprehensive scope underscores the legislation’s foundational role. Furthermore, the Virtual Asset Committee’s deliberations will set a precedent for how South Korea engages with other digital asset innovations, including decentralized finance (DeFi) and non-fungible tokens (NFTs). The government has signaled its intent to create a regulatory sandbox to test new financial products safely. Conclusion The upcoming South Korean FSC Virtual Asset Committee meeting represents a critical juncture for digital asset regulation both domestically and internationally. By addressing exchange governance and stablecoin issuance, South Korea positions itself as a thoughtful regulator in the rapidly evolving cryptocurrency landscape. The proposed basic act, shaped by this committee’s input, promises to bring much-needed clarity and stability to the market. Ultimately, the decisions made on March 4 will influence investor confidence, guide industry development, and contribute to the global dialogue on balancing innovation with protection in the digital age. FAQs Q1: What is the South Korean FSC Virtual Asset Committee? The Virtual Asset Committee is a public-private advisory body convened by South Korea’s Financial Services Commission. It includes experts from government, finance, technology, and law to provide recommendations on digital asset policy and legislation. Q2: What is the main purpose of the March 4 meeting? The primary purpose is to discuss and provide feedback on the government’s draft ‘Basic Act on Digital Assets,’ focusing specifically on proposed caps for exchange ownership and a framework for bank-led stablecoin issuance. Q3: How could the 15-20% ownership cap affect cryptocurrency exchanges? This rule would require major shareholders of exchanges to reduce their stakes if they exceed the cap. It aims to improve corporate governance, prevent market manipulation, and diversify control, potentially leading to board restructuring and new investment. Q4: Why does the proposed stablecoin framework require bank leadership? The FSC advocates for a model where banks hold a majority stake (50% plus one share) to leverage existing banking regulations, oversight mechanisms, and deposit insurance schemes. This approach prioritizes financial stability and consumer protection. Q5: What are the next steps after the committee meeting? Following the meeting, the FSC will incorporate the committee’s feedback into the legislative proposal. The refined bill will then be submitted to the National Assembly for debate, review by other committees, and eventual voting to become law. This post South Korean FSC Launches Crucial Virtual Asset Committee Meeting to Finalize Landmark Digital Asset Act first appeared on BitcoinWorld .
BitcoinWorld Canadian Dollar Soars: Resilient Loonie Strengthens Above 1.3650 Ahead of Critical GDP, PPI Data TORONTO, ON – March 26, 2025 – The Canadian dollar demonstrates notable resilience in early Wednesday trading, decisively strengthening above the 1.3650 threshold against the US dollar. This significant move occurs as global currency markets brace for the imminent release of pivotal economic indicators: Canada’s monthly Gross Domestic Product (GDP) figures and the United States’ Producer Price Index (PPI) data. Consequently, traders and analysts are scrutinizing these datasets for signals on future monetary policy trajectories from the Bank of Canada and the Federal Reserve. Canadian Dollar Strengthens Amid Pre-Data Positioning The USD/CAD pair experienced a pronounced decline, with the Canadian dollar strengthening to its firmest level in over a week. Market participants are actively repositioning portfolios ahead of the high-impact data releases. This preemptive movement often reflects collective market sentiment and expectations. Furthermore, underlying support stems from relatively stable crude oil prices, a key Canadian export. Meanwhile, a modest softening in the broader US dollar index (DXY) provides additional tailwinds for commodity-linked currencies like the CAD. Analysts highlight the technical significance of the 1.3650 level. “A sustained break below 1.3650 for USD/CAD is technically important,” notes a senior currency strategist at a major Canadian bank, referencing internal market analysis. “It potentially opens the path toward the 1.3580 support zone, contingent on the data outcomes.” This technical perspective underscores the critical nature of the upcoming economic prints. Anticipating Canada’s GDP and US PPI Data Releases All eyes are fixed on Statistics Canada’s monthly GDP report, scheduled for release at 8:30 AM Eastern Time. Economists’ consensus forecasts, aggregated from major financial institutions, predict a modest growth of 0.1% for January. This follows a flat reading of 0.0% in December 2024. The report’s details on goods-producing versus services sectors will be crucial. GDP Growth: A reading at or above consensus could reinforce the Canadian dollar’s strength by supporting arguments for a less dovish Bank of Canada. Inflation Components: Implicit price deflators within the GDP report offer additional insights into domestic inflationary pressures. Simultaneously, the US Bureau of Labor Statistics will publish its Producer Price Index data. This index measures the average change over time in selling prices received by domestic producers. Markets forecast a 0.3% month-over-month increase for February. The core PPI figure, which excludes volatile food and energy prices, is equally critical for gauging underlying inflation trends. Expert Analysis on Central Bank Policy Implications Monetary policy divergence remains a central theme for the USD/CAD pair. The Bank of Canada, in its latest communications, has maintained a cautious stance, emphasizing data dependency. Conversely, the Federal Reserve’s recent rhetoric has leaned slightly more hawkish than some market expectations. Therefore, today’s data duo will directly inform the interest rate outlook for both nations. “Strong Canadian GDP coupled with a cooler US PPI could accelerate CAD gains,” explains a lead economist at an independent research firm. “Such a scenario might narrow the perceived policy gap between the two central banks. However, weak Canadian data would likely see the loonie surrender its recent gains, regardless of the US figures.” This expert reasoning highlights the complex interplay between the two datasets. Broader Market Context and Historical Comparisons The current move extends a period of heightened volatility for the Canadian dollar. Over the past quarter, USD/CAD has traded within a wide range, influenced by shifting expectations for global growth and commodity demand. A comparative analysis of recent data surprises provides context for today’s potential market reaction. The table below summarizes recent key data outcomes and their immediate impact on USD/CAD: Date Data Release Actual vs. Forecast USD/CAD 1-Hr Move Feb 28, 2025 Canada Q4 GDP Worse than expected +0.4% (CAD weaker) Feb 14, 2025 US CPI (Jan) Hotter than expected +0.5% (CAD weaker) Jan 31, 2025 Canada GDP (Nov) Better than expected -0.3% (CAD stronger) This historical precedent shows that the Canadian dollar is particularly sensitive to domestic growth surprises. Additionally, risk sentiment in global equity markets continues to influence currency flows. A risk-on environment typically benefits the commodity-linked loonie, while risk-off sentiment favors the US dollar’s safe-haven status. Conclusion The Canadian dollar’s strengthening above the 1.3650 level against the US dollar sets the stage for a volatile session dictated by fundamental data. The concurrent release of Canada’s GDP and US PPI data will deliver critical insights into the economic health and inflationary trajectories of both nations. Consequently, these figures will directly shape expectations for the Bank of Canada and Federal Reserve policy, the primary driver of medium-term currency valuation. Traders should prepare for elevated volatility as the markets digest these key reports and reassess the path for the Canadian dollar. FAQs Q1: Why is the Canadian dollar strengthening today? The Canadian dollar is strengthening primarily due to market positioning ahead of key economic data releases and supported by stable oil prices and a slightly weaker broad US dollar. Q2: What time is Canada’s GDP data released? Statistics Canada is scheduled to release the monthly Gross Domestic Product (GDP) data for January at 8:30 AM Eastern Time (12:30 PM UTC). Q3: How does US PPI data affect the Canadian dollar? US PPI data influences expectations for US inflation and Federal Reserve policy. Stronger-than-expected PPI can strengthen the US dollar broadly, which would typically pressure USD/CAD lower (making the CAD weaker). Weaker PPI could have the opposite effect. Q4: What is the significance of the 1.3650 level for USD/CAD? The 1.3650 level is a key technical and psychological support/resistance zone. A sustained break below it could signal further near-term strength for the Canadian dollar, targeting the next support level near 1.3580. Q5: What would cause the Canadian dollar to reverse its gains after the data? A weaker-than-expected Canadian GDP reading and/or a stronger-than-expected US PPI report would likely cause the Canadian dollar to surrender its gains, as it would suggest a widening policy divergence favoring the US dollar. This post Canadian Dollar Soars: Resilient Loonie Strengthens Above 1.3650 Ahead of Critical GDP, PPI Data first appeared on BitcoinWorld .