Category: held
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Bitcoin SoV Thesis Gains Traction – Metrics Reveal $1.03 Trillion Now Held On The Network
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Bitcoin continues to show resilience, holding above crucial demand levels after its recent decline from all-time highs. While the market is facing negative sentiment and a wave of bearish expectations, Bitcoin price action remains steady, providing hope for investors looking forward to a potential recovery. To add to Bitcoin’s strength,…
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Bitcoin Supply Held By STH Hits Highest Level In 40 Months – Top Signal Or Trend Shift?
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Bitcoin finds itself at a pivotal juncture as the market navigates increasing uncertainty and skepticism in the coming days. After reaching an all-time high (ATH), the price fell sharply to the $92,000 level, causing sentiment to shift from extremely bullish to cautiously optimistic. This rapid correction has left many traders…
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Crypto CEO Held Hostage In Toronto, Freed After $1 Million Ransom Payment
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It was Dean Skurka, CEO of cryptocurrency and blockchain company WonderFi to kidnapThey were held for ransom, then released after paying it 1 million dollars. According to CBC and other sources, Skorka was kidnapped in downtown Toronto around 6 p.m. on Thursday. Skurka was later released and found safe in…
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Crypto CEO Held Hostage In Toronto, Freed After $1 Million Ransom Payment
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It was Dean Skurka, CEO of cryptocurrency and blockchain company WonderFi to kidnapThey were held for ransom, then released after paying it 1 million dollars. According to CBC and other sources, Skorka was kidnapped in downtown Toronto around 6 p.m. on Thursday. Skurka was later released and found safe in…
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Bitcoin Supply ‘Is Held By Confident Holders’ – Metrics Hint At Bullish Outlook
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After weeks of high volatility and uncertainty, Bitcoin has now reached a turning point. The recent Federal Reserve interest rate cut, coupled with the escalating conflict between Iran and Israel, has led to erratic price movements, leaving traders navigating an anxiety-filled landscape. Despite this turbulent environment, key data from CryptoQuant…
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The GBPUSD held support at the 100 hour MA today and is trading to a new high
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In the video earlier this morning, I highlighted the 1.3348 level as a key bearish gauge for GBP/USD today. A move below this level would be more bearish. Holding above it would be more bullish. Here is the reference for this level: Looking at the current hourly chart below, the…
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Bitcoin Held For Years Are Now On The Move, Is This A Signal For Caution?
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Meet Samuel Ideyemi, nicknamed HIM-buktu. A web3 content writer, journalist, and aspiring trader, Ideyemi is a multi-talented person. With his flair for words and sense of trends, he has written for several industry players, including AMBCrypto, Blockchain.News, Blockchain Reporter, and more. Edemi’s adventure into the world of cryptocurrencies was cinematic.…
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EURUSD held the support outlined in the morning kickstart video and bounced. What next?
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Earlier today, in my introductory video, I highlighted the next major support level for the EUR/USD. This level was shown and highlighted between 1.1131 and 1.11399. Here is the clip… So what happened? Below is the chart of today’s price action. The price did not stop lower between the level…
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U.S. Core PCE Prices Held Steady in July as Consumer Spending Rises
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The latest US economic data suggests that inflation will remain stable in July 2024, while consumer spending will increase, according to figures released today by the Bureau of Economic Analysis (BEA). The core personal consumption expenditures (PCE) price index, a key inflation gauge closely watched by the Federal Reserve, rose…
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ECB Held Rates Steady, Stressed Importance of Wage Growth in Next Decisions
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As expected, the European Central Bank left interest rates unchanged in its announcement this week and refrained from providing future guidance. European Central Bank President Lagarde and policymakers unanimously agreed to keep the deposit facility rate at 3.75% and the main refinancing operation rate at 4.25%. They indicated in their…
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U.K. CPI Rate Held Steady in June but Services Price Growth Rate Remains Elevated
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As widely expected, UK annual inflation has decided to take a breather this summer, with the consumer price index (CPI) growth rate remaining unchanged at 2.0% year-on-year in June 2024, according to the latest figures from the Office for National Statistics. Link to UK Consumer Price Inflation: June 2024 the…
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Fed Held Rates As Expected, Trimmed Potential Cuts from Three Down to One this Year
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The Federal Open Market Committee (FOMC) maintained the target range for the federal funds rate at 5.25-5.50% as expected in its last announcement. Their official statement acknowledged this “There has been modest additional progress towards the committee’s 2% inflation target.” In recent months, which has been more optimistic compared to…
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Stocks held by ARK Invest’s flagship innovation fund have seen huge losses. Here are the fund’s 10 biggest losers.
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Photo by Marco Bello/Getty Images Ark Invest’s leading ETFs are experiencing huge losses, with individual holdings falling by as much as 93%. The fund’s performance has significantly underperformed the broader stock market, and only one of its top 10 holdings is in the green. These are the top 10 losing…
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Rapper Nicki Minaj cancels show in England after being held at Amsterdam airport By Reuters
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AMSTERDAM (Reuters) – American rapper Nicki Minaj on Saturday canceled a concert in Manchester, England, after she said police detained her at Amsterdam Schiphol Airport over allegations of possession of soft drugs. “Despite Nicki’s best efforts to explore every possible avenue to make tonight’s show happen, today’s events have made…
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BOE Held Rates at 5.25% in 7-2 MPC Vote, Bailey Hints at “More Substantial” Future Cuts
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As expected, the Bank of England (BOE) kept interest rates steady at 5.25% in its May decision. The official statement indicated that: Underlying inflationary pressures in the euro area have continued to moderate somewhat since the beginning of the year UK demand growth is expected to remain weaker than potential…