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Bitcoin (BTC) crossed the psychologically significant $100,000 price level yesterday, fuelling optimism among bulls that the digital asset could continue its upward momentum and achieve new all-time highs (ATH) in the coming weeks. Head-And-Shoulder Pattern Bound To Fail? With Bitcoin reclaiming a key price level, speculation about its future price trajectory has intensified. Analysts are closely monitoring bearish chart patterns for potential invalidation, which could signal a continuation of the bullish trend. One such bearish formation is the head-and-shoulders pattern on the daily chart, which garnered significant attention throughout December. This pattern was seen as a possible signal that Bitcoin…
The biggest loser today is sterling as cable is now down 0.8% to 1.2374. On the week itself, the pair is now down 0.3% as it erases the Monday gains and threatens back below the low last week.GBP/USD daily chartThe April 2024 low near 1.2300 remains the critical support point at this juncture and it look like we might be headed towards that next.The move we’re seeing is not just tied to GBP/USD though. It’s a broad-based bid in the dollar as bond yields continue to rise, as noted here.EUR/USD is now down 0.4% to near 1.0300 while USD/JPY is…
Canada-based Sol Strategies has raised more capital for its SOL investments. A crypto VC projected a bullish outcome for SOL if ETF is approved. Solana’s [SOL] MicroStrategy’s equivalent, Sol Strategies, secured a CAD $25M (about USD $17.4M) credit for purchasing SOL tokens and revamping its staking services. Part of the Canada-based firm’s statement read, “The Company plans to deploy these tokens across its core focus areas within the Solana ecosystem, including decentralized finance protocols, validator operations, and strategic liquidity provision to emerging Solana-based projects.”SOL ETF expectationsThe institutional interest in the layer-1 platform could explode in the coming months amid US spot SOL ETF…
Before becoming CEO of AMC Entertainment (NYSE:AMC) in 206, he served as CEO of Vail Resorts (MTN), Norwegian Cruise Line (NCLH), and was a co-owner of the Philadelphia 76ers.Before becoming CEO of AMC Entertainment (NYSE:AMC) in 206, he served as CEO of Vail Resorts (MTN), Norwegian Cruise Line (NCLH), and was a co-owner of the Philadelphia 76ers.Tom Cooper/Getty Images EntertainmentAMC Entertainment (AMC) CEO Adam Aron updated on social media site X that he holds 722,820 shares of the company. He said that he believes that he remains AMC’s (AMC) largest retail investor. Looking ahead, Aron plans to vest in 1.2…
This is the story that looks to have accelerated the dollar gains in the past 5 minutes. The report says that Trump is considering to declare a national economic emergency in order to obtain legal justification to slap large tariffs on US allies and adversaries.The declaration is said to allow Trump to construct a new tariff program under the International Economic Emergency Powers Act, which will unilaterally authorise the president to manage imports during a time of “national emergency”.The sources said that no final decision has been made yet but “nothing is off the table”. The full story here.To be…
Investors are pleased with the performance of Bitcoin and altcoins today, but Wall Street Pepe ($WEPE) wants to steal the show.The utility-rooted meme coin has stormed past the $43 million total raised mark in its presale. Thus, it set the bar seriously high for future ICO launches in 2025.Jordan Belfort and Pepe the Frog have inspired Wall Street Pepe. It has helped cultivate a community of degen traders hungry for big gains.However, the project separates itself from other meme coins by providing institutional-grade trading insights.The ongoing presale operates under a multi-tiered pricing system. The price incrementally rises at the beginning…
jamesbenet/E+ via Getty Images N2OFF Inc (NASDAQ:NITO) has been granted an additional 180-day compliance period, or until July 7, 2025, to regain compliance with Nasdaq’s minimum $1.00 bid price per share requirement, it said Wednesday. If at any time until July 7, 2025, the closing bid price ADVERTISEMENT: Hai, sobat pencinta slot! Pernah denger semboyan “raja slot? Kalau tidak, bersiaplah jatuh cinta dengan konsep ini. slot gacor adalah mesin slot yang sering memberi win. Ya, mesin-mesin ini bisa dibilang adalah andalannya tuk membawa come back hasil. but, gimana sih caranya nemuin raja lot yang tepat? Santuy Bro, kita beri santai…
Investing.com — Analysts at Capital Economics have expressed doubts about the sustainability of the Korean won’s recent rally. Despite the currency’s approximately 1.4% gain against the US dollar this year, they anticipate that the upward trend will reverse. The Korean won has shown resilience in the face of a generally strong US dollar, even slightly declining against it today. The currency’s performance has been notable, especially considering the shift in relative yields that have not favored the won. The political turmoil in South Korea has been a concern for investors, but the country’s political institutions have withstood the challenges, and…
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Incoming US President Donald Trump has pledged tariffs of as much as 10% on global imports and 60% on Chinese goods, plus a 25% import surge on Canadian and Mexican Products would upend trade flows, raise costs and draw retaliation.However, President-elect Donald Trump says it “incorrectly states that my tariff policy will be pared back”. Undoubtedly, the scale and scope remain to be seen, but the road ahead is bumpy for the world markets.On the other hand, major concerns over higher yields are largely predicated upon a narrative of increasing inflation risks, including US trade protectionism, immigration policy changes, and…