Author: Investor Empires
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Bitcoin (BTC) Price Slips Below $54K, Triggering Almost $700 Million in Liquidations
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Long summary Bitcoin has dropped below $55,000, now trading at $54,200, likely influenced by several factors. The market crash resulted in $670 million in liquidations, with the largest liquidation request occurring on cryptocurrency exchange Binance. The flagship cryptocurrency continues its free fall, dropping below the $54,000 level today (July 5).…
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Bitcoin (BTC) Price Slips Below $54K, Triggering Almost $700 Million in Liquidations
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Long summary Bitcoin has dropped below $55,000, now trading at $54,200, likely influenced by several factors. The market crash resulted in $670 million in liquidations, with the largest liquidation request occurring on cryptocurrency exchange Binance. The flagship cryptocurrency continues its free fall, dropping below the $54,000 level today (July 5).…
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Rishi Sunak awaits multimillion-dollar payday after losing $177,000 PM gig
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It’s official. Rishi Sunak is no longer prime minister of the United Kingdom. His long, winding path to the exit door has been inevitable since he took over from Liz Truss’s short-lived, economically disastrous government in the autumn of 2022. But Sunak, 44, who has reportedly been found Riding into…
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Asia FX rises ahead of nonfarm payrolls; yen firms amid intervention watch By Investing.com
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Most Asian currencies rose slightly on Friday, recovering further as the dollar weakened ahead of key jobs data, while the Japanese yen rose sharply on speculation of possible government intervention. Elsewhere, the S&P 500 rose slightly on expectations that the Labour Party would win a landslide victory in the UK…
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Pro-Crypto Champion: US Lawmaker Backs Trump’s Stance On Digital Currency Expansion
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In apparent agreement with former President Donald Trump’s changing views on cryptocurrencies, US Congressman and Chairman of the Arkansas Digital Assets Subcommittee French Hill has confirmed that Support Some see the FIT21 bill as the kind of regulatory framework Trump would likely support if reelected. French Hill Doubles Down on…
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How fertiliser imports fell 66 percent ahead of scandal
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Kenya has cut its fertilizer imports by about three-quarters ahead of this year’s main planting season, which has been marred by reports of fake inputs, official figures show, threatening to reverse the country’s gradual improvement in food security. It is estimated that nearly 143,569.5 tons of chemical fertilizers were shipped…
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Chart Art: Major Correction Brewing on USD/JPY?
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Are we finally seeing signs of a pullback in the USD/JPY rally? The pair retreated after reaching a ceiling at the key psychological level of 162.00 and looks ready to drop to nearby Fibonacci retracement levels. This is the correction area I am watching on the 4-hour chart. USD/JPY currency…
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Analyst Predicts Ethereum Nosedive, Cautions Investors To Prepare For $2,700 Target
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Amid the ongoing bloodbath in the cryptocurrency market, the value of Ethereum (ETH), the second-largest cryptocurrency by market cap, has fallen. Market valueETH was not spared. Over the past week, ETH saw a massive 9% price drop, taking it to $3,130. While market participants are closely monitoring the situation, the…
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Analyst Predicts Ethereum Nosedive, Cautions Investors To Prepare For $2,700 Target
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Amid the ongoing bloodbath in the cryptocurrency market, the value of Ethereum (ETH), the second-largest cryptocurrency by market cap, has fallen. Market valueETH was not spared. Over the past week, ETH saw a massive 9% price drop, taking it to $3,130. While market participants are closely monitoring the situation, the…
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UK car market sees first million sales since pandemic, driven by hybrids over fully electric vehicles
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The UK car market has reached a significant milestone, with new car registrations exceeding one million in the first half of 2024, the first time this has happened since pre-pandemic 2019. This renaissance includes a significant increase in the market share of electric vehicles. However, sales of plug-in hybrids and…
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Bitcoin tumbles to its lowest since February as downside momentum intensifies
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Bitcoin (BTC/USD) Daily Chart The signs were already building yesterday as sellers tested the waters below the 200-day moving average (blue line). This eventually led to a break of the May low today and momentum continues to build. Well, it certainly doesn’t look good on the charts. In terms of…
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US jobs report for June is likely to point to slower but still-solid hiring
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Breadcrumbs Path Links PMN Business Article author: Associated Press Paul Wiseman Posted on July 05, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content WASHINGTON (Reuters) – The U.S. labor market likely slowed…
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Bitcoin’s quick dip below $57k forces beginners to capitulate, CryptoQuant says
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As Bitcoin price drops below $57,000, concerns have been mounting among investors about potential market volatility and its impact on miners. On Thursday morning, speculators continued their selling pressure, forcing Bitcoin (BTC) below $57,000 for the first time since February. At the time of writing, Bitcoin is trading above $57,000,…
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Bitcoin’s quick dip below $57k forces beginners to capitulate, CryptoQuant says
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As Bitcoin price drops below $57,000, concerns have been mounting among investors about potential market volatility and its impact on miners. On Thursday morning, speculators continued their selling pressure, forcing Bitcoin (BTC) below $57,000 for the first time since February. At the time of writing, Bitcoin is trading above $57,000,…
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Tech deals revive Tel Aviv’s office market
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Recent times have not been the best for the office real estate sector in Israel. The slowdown in the tech industry in Israel and around the world, rising interest rates, political instability in Israel and of course the war have all contributed to a significant slowdown, especially after the boom…
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Daily Broad Market Recap – July 4, 2024
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No traders in the US session? No problem! Global stocks and commodities made big moves over the Fourth of July holiday, as the spotlight turned to political headlines. Crude oil prices rose to their highest level in about two months, while European stocks made good gains thanks to the results…
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US Bitcoin ETFs See $20.45M Outflow: Nine Funds Remain Flat
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US-based bitcoin exchange-traded funds saw net outflows of $20.45 million on Wednesday. Interestingly, only two of these funds showed activity amid the market uncertainty. Grayscale’s GBTC fund saw outflows of $26.99 million, while Fidelity’s FBTC fund made a gain of $6.55 million. The remaining nine funds, including BlackRock’s IBIT, Bitwise’s…