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Bitcoin Price Crashes Below $54,000: Top-5 Reasons
Over the past four days, Bitcoin has fallen by more than 15%, with a massive 7.8% drop in the past 24 hours alone. From a high of around $72,000 in early June, Bitcoin is now down around 25%. Here are the key factors behind yesterday’s sharp price drop. #1 Bitcoin…
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2 Artificial Intelligence Stocks That Could Make You a Millionaire
artificial intelligence Artificial intelligence is all the rage in the market today. Despite some hype, AI seems to have staying power and is set to have a real impact on the economy. People and businesses are using AI to create and use all sorts of transformative applications. Never-before-seen photography and…
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GBPUSD Technical Analysis – We are approaching a key resistance
Basic Overview The US dollar fell broadly after weak US jobless claims and the Institute for Supply Management’s services PMI. Overall, the data did little to change interest rate expectations, but it reinforced the view that the Federal Reserve will cut rates at least twice by the end of the…
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Crypto scammers stole nearly $60m from 20 victims in H1 2024, data shows
Phishing scammers have made over $300 million through EVM chains by targeting around 260,000 victims, according to data compiled by Scam Sniffer. The first half of 2024 was another lucrative period for phishing scammers as they stole $314 million worth of cryptocurrencies, a 6.44% increase compared to 2023, according to…
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Crypto scammers stole nearly $60m from 20 victims in H1 2024, data shows
Phishing scammers have made over $300 million through EVM chains by targeting around 260,000 victims, according to data compiled by Scam Sniffer. The first half of 2024 was another lucrative period for phishing scammers as they stole $314 million worth of cryptocurrencies, a 6.44% increase compared to 2023, according to…
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Asian markets reverse gains, Nikkei slightly lower after touching record levels
Paul Gould Japan (NKY:IND) -0.08% The Nikkei 225 hit a record high, surpassing the 41,000 mark for the first time, before losing momentum. Japan’s index of coincident economic indicators, which covers a range of data including factory output, employment and retail sales, rose to 116.5 in May. 2024. China (SHCOMP)…
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Bitcoin (BTC) Price Slips Below $54K, Triggering Almost $700 Million in Liquidations
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
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
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
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
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
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?
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
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
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
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
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…