Global Tensions Stir Economic Outlook Amidst Flat Crypto Market
This week’s economic calendar includes a Federal Reserve chair speech and US retail sales data, with limited impact expected on crypto markets. Key Takeaways This week marks a beehive of activities on the global economic front, with notable events including a pivotal speech from the Federal Reserve Chair and the unveiling of U.S. retail sales data. Amid these developments, crypto …
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Solana Surges Approaching the Elusive $30 Mark
Solana (SOL) surged over 25% in a week, near $30. Key support: $22, $20. Key resistance: $25, $28. $30 remains significant. Key Takeaways The cryptocurrency space is bubbling with activity, and Solana (SOL) is a name that refuses to be overshadowed. Accelerating its price by a staggering 25% in a mere week, Solana approaches the symbolic $30 mark, drawing intense …
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Kazakh Crypto Miners Rally, Urging Presidential Intervention on Energy Prices
In Kazakhstan, a dominant force in the Bitcoin mining sector, local crypto-mining enterprises have voiced their concerns about escalating energy prices to President Kassym-Jomart Tokayev. Key Takeaways Very Distressful Situation In a significant move reflecting the distress pervading the cryptocurrency mining sector in Kazakhstan, eight principal cryptocurrency mining entities have dispatched an open letter to the nation’s President, Kassym-Jomart Tokayev, …
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DOGE Approaches Key Resistance Amid Bull-Bear Tussle
Dogecoin (DOGE) faces a pivotal moment as it hovers near a resistance level at $0.06450. Technical indicators suggest potential bullish movement, but bears are resisting. Key Takeaways Introduction The price war between bullish and bearish forces is reaching a crucial juncture as Dogecoin (DOGE) hints at challenging a pivotal resistance level. Despite a minor decline of 0.22% in its value …
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Solana Ignites Altcoin Upsurge Amid Speculations of a $28,000 Bitcoin Target
The crypto market is filled with optimism, and the potential approval of the Ether Futures ETF is seen as a catalyst for further growth. This optimism extends to altcoins, which are benefitting from the positive market sentiment Key Takeaways The Crypto markets are surging with optimism as traders project Bitcoin prices could rise to $28,000, spurred by the prospective approval …
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Ripple CEO on SEC Fight: You Have to Stand Up to Bully
Ripple’s partial victory against the SEC is seen as a milestone for the entire crypto industry. CEO Brad Garlinghouse condemns SEC’s “bullying tactics”. Key Takeaways: Ripple CEO, Brad Garlinghouse, recently shed light on the significance of the company’s pivotal, yet partial, victory against the U.S. Securities and Exchange Commission (SEC), claiming it as a crucial juncture for the entire crypto …
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Traders Warned Against Shorting Every Market Pump
Crypto analyst Whale Analysis cautions against shorting cryptocurrencies with unexplained pumps, citing CYBER, PERP, TRB, and HIFI as examples. Key Points In a recent post on the X app, Whale Analysis, a prominent figure known for helping people navigate the bear market, warned cryptocurrency traders against shorting every pump they encounter. According to Whale Analysis, there is a new trend …
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Singapore’s Central Bank Bans Crypto Founders from Financial Markets
Singapore’s central bank, MAS, has banned Three Arrows Capital founders for nine years due to breaches including false information. Key Points Singapore’s central bank, the Monetary Authority of Singapore (MAS), has taken action against Three Arrows Capital, one of the major cryptocurrency firms, by banning its founders from participating in financial markets within the city-state for a period of nine …
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FTX Aims to Sell $3.4 Billion in Bitcoin, Ether, SOL
Cryptocurrency prices decline amid worries that FTX may sell $3.4 billion in assets to repay creditors, with Bitcoin, Ethereum, and other major tokens experiencing losses. Key Points Cryptocurrencies experienced a significant decline on Monday amid concerns over potential selling pressure from digital asset exchange FTX. Investors are wary that FTX may receive regulatory approval to sell its $3.4 billion worth of …
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Study Reveals Almost Half of Institutions Offer Digital Asset Services
Nearly 50% of asset management institutions in the US, UK, and Europe offer digital asset services despite regulatory challenges. Key Points A recent survey conducted by Coalition Greenwich and Amberdata has found that nearly half of asset management institutions in the United States, UK, and Europe offer digital asset services to their clients. The study, titled “Digital Assets: Managers Fuel …
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