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The past few months have been pivotal for Ethereum and the entire cryptocurrency market. After weeks of hovering around $3200, ETH finally broke through that resistance level on July 15, 2024, reaching a new high of $3369.192. This surge in price has not only bolstered confidence in Ethereum's long-term potential but has also ignited a frenzy among investors...

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Bitcoin Price Breaks $63,000 Following Assassination Attempt In a dramatic turn of events, the price of Bitcoin surged past $63,000 following an assassination attempt on former U.S. President Donald Trump. This unexpected spike in Bitcoin’s value has captured the attention of investors and analysts worldwide, highlighting the intricate relationship between...

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The price of Solana (SOL) has embarked on a notable upward trend, surpassing the key resistance level of $135 against the US Dollar. This bullish momentum has instilled optimism in investors, suggesting the potential for further gains in the near future. Breaking Through the $135 Barrier Previously, the $135 mark had acted as a significant hurdle for SOL....

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The Ethereum (ETH) market has witnessed a significant surge in recent days, with the price decisively breaking through the $3,250 resistance zone. This bullish momentum has instilled confidence in investors, suggesting further potential gains in the near term. Breaking Through Resistance: A Sign of Strength Previously, the $3,250 level had acted as a formidable...

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Bitcoin (BTC), the world's leading cryptocurrency, has been on a rollercoaster ride in 2024. After a strong start to the year, prices dipped below the crucial 200-day Simple Moving Average (SMA) in early July, sparking concerns about a potential bear market. However, recent price movements suggest a potential bullish reversal, with Bitcoin again hovering close to...

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Meta's Threads, the text-based social media app launched with much fanfare a year ago, has reached 175 million monthly active users (MAUs). This milestone signifies a strong first year, but questions remain about whether Threads can truly challenge the social media titan, X. There's no denying Threads' impressive growth. Reaching 175 million MAUs within a year is...

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India, a nation long synonymous with its insatiable appetite for gold, is witnessing a shift as record-high prices force consumers to reconsider their love for the precious metal. Shops like Shaik Ameen's Gold Palace in Bengaluru are experiencing a slowdown in pre-wedding purchases, a time typically marked by a surge in gold buying. Traditionally, gold has held...

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Oil prices edged higher on July 3rd, 2024, buoyed by signs of a significant decline in U.S. crude oil stockpiles. Brent crude, the benchmark for international oil prices, for September settlement rose 0.1% to $86.34 a barrel by 10:21 AM in London. Meanwhile, West Texas Intermediate (WTI), the U.S. oil benchmark for August delivery, inched up to $82.88 a...

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The U.S. stock market reached a new milestone on Tuesday, July 2nd, 2024, with the S&P 500 closing above 5,500 for the very first time. This historic achievement was fueled by a powerful surge in Tesla's stock price, coupled with positive signals from the Federal Reserve regarding potential interest rate adjustments. Tesla, the electric vehicle (EV) leader,...

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Bitcoin (BTC), the world's leading cryptocurrency, has surprised many by demonstrating resilience in the face of a strengthening US dollar. Despite a historically observed inverse relationship between the US Dollar Index (DXY) and Bitcoin, this comes. The DXY, which measures the value of the US dollar against a basket of foreign currencies, currently sits at a...

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Avalanche (AVAX), a prominent smart contracts platform, is currently experiencing a surge in price. As of July 1, 2024, AVAX is trading confidently above the $28.65 resistance level, hinting at a potential breakout. This article delves into the recent AVAX price rally, explores the technical analysis behind it, and examines whether AVAX can conquer the critical...

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VanEck, a leading innovator in the exchange-traded fund (ETF) space, has made a strategic move to capitalize on the growing popularity of Solana by filing an application with the Securities and Exchange Commission (SEC) to launch the first-ever Solana ETF in the United States. This filing, announced on June 27 via the X platform, signifies VanEck's commitment to...

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Gold prices in overseas markets experienced a welcome climb on Friday, snapping a three-day losing streak. Spot gold at the Comex exchange, a key benchmark, rose by $17 to $2,322 per ounce. This upward movement can be attributed to two key factors: recent US jobless data and ongoing uncertainty surrounding the Federal Reserve's monetary policy. The release of US...

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The Bitcoin halving cycle, a programmed event that roughly cuts the block reward for miners in half every four years, has become a focal point for investors and enthusiasts alike. Historically, these halvings have been followed by significant price increases for Bitcoin, leading many to believe they are a reliable indicator of future bull runs. However, the...

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I wanted to share some exciting news from the forex world: the dollar has extended its winning streak into the fifth week! 🎉 A key gauge of the dollar's strength continues to rise, driven by the ongoing uncertainty surrounding the timing of the Federal Reserve's first interest-rate cut. With the yen showing signs of weakness, the USD is shining brightly on the...

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I am writing to bring to your immediate attention a critical development in the forex market that could present a significant trading opportunity. As many of you are aware, the recent slide in the Japanese yen has been a point of concern. This depreciation has heightened the probability of Japan intervening in the market once more to stabilize its currency....

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Brent Crude Surges in June as Inventory Draw Tightens Market, But Chart Pattern Raises Concerns Brent crude oil prices experienced a significant rally in June 2024, rising 5% over the month. This increase adds to a positive trend for the year so far, with Brent crude accumulating a total gain of 12.85% year-to-date. However, a closer look at the price chart...

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The cryptocurrency market has experienced a period of relative calmness in the past week. However, amidst this subdued landscape, Uniswap (UNI), the native token of the leading decentralized exchange (DEX) Uniswap, emerged as a bright spot. According to CoinDesk Indices' bi-weekly market update, UNI led the CoinDesk 20 (CD20) Index with a stellar 6.8% advance....