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CNBC's Brian Kelly, a crypto investor and "Fast Money" trader, recently ignited a debate by suggesting Solana (SOL) could be the next cryptocurrency to get a spot exchange-traded fund (ETF) in the US. While this news might sound bullish for SOL, the decision to "go long" – meaning buying and holding for a price increase – requires careful consideration. Here's a...

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Congress Throws Weight Behind Spot Ethereum ETFs: SEC Approval on the Horizon? On May 22nd, 2024, a bipartisan group of US lawmakers sent a strong message to the Securities and Exchange Commission (SEC). In a letter, they urged the regulatory body to approve applications for spot Ethereum exchange-traded funds (ETFs). This move signifies a growing momentum in...

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Ether (ETH), the world's second-largest cryptocurrency, has been on a rollercoaster ride in recent years. After reaching all-time highs exceeding $4,000 in 2021, it has experienced significant volatility alongside Bitcoin. However, a new factor could propel ETH to new heights: the potential approval of Ether-based exchange-traded funds (ETFs) in the United...

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A wave of optimism is sweeping across the cryptocurrency market, with Bitcoin (BTC) at the forefront. After a period of consolidation, bulls appear to be taking charge, sparking positive momentum not only in Bitcoin but also in altcoins like Solana (SOL) and Fantom (FTM). Bitcoin's Technical Analysis Hints at Upswing Technical indicators for Bitcoin are painting...

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Gold prices are hovering near all-time highs, fueled by a growing belief among investors that the Federal Reserve will cut interest rates later this year. This optimism comes despite mixed economic signals from the US, with concerns about inflation still lingering. Record-Breaking Rally Gold recently reached a fresh intraday record, surpassing the previous high...

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In a significant development for the cryptocurrency landscape, Solana (SOL) has emerged as a more economically profitable blockchain than Ethereum (ETH) for the first time ever. This news comes amidst a strong year for SOL, which has significantly outperformed Ethereum in terms of price gains as well. Solana's Profitability Milestone On-chain analyst Leon...

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Bitcoin (BTC) surprised many on May 16th with a sudden surge that brought its price close to $66,000. This bullish move followed a period of consolidation and came amidst a broader risk-asset rally triggered by positive economic data from the United States. While some analysts remain cautious, others see this jump as a potential springboard for further gains,...

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Solana (SOL) has defied the recent crypto market slump, surging nearly 15% and reclaiming the crucial $150 resistance level. This positive momentum has analysts excited about the possibility of further gains, with $204 emerging as the next key hurdle to overcome. Breaking Through Resistance The recent SOL price increase follows a period of consolidation. After...

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The Ethereum (ETH) to Bitcoin (BTC) ratio has been on a downward spiral, recently dipping to 0.046 – a level last witnessed in April 2021 and briefly revisited in April 2024. This significant decline underscores Ethereum's current challenges in maintaining its position against Bitcoin's ever-growing dominance within the cryptocurrency market. Over the past year,...

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The British pound (GBP) took a tumble today after the release of disappointing UK employment data, fueling speculation of a potential interest rate cut by the Bank of England (BoE) in June. The data revealed a rise in unemployment for the second month running. March saw the jobless rate reach 4.3%, surpassing the previous month's reading of 4.2% and confirming...

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Bitcoin, the world's leading cryptocurrency, has experienced a volatile period in recent months. However, a technical indicator on the weekly timeframe is sparking potential buying opportunities for long-term investors. This indicator is the Stochastic RSI, and a recent or upcoming bullish crossover could signal a reversal in the downtrend. Understanding the...

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Apple is reportedly close to finalizing a deal with OpenAI to integrate the popular large language model ChatGPT into its iPhone devices, marking a significant step in the company's efforts to bolster artificial intelligence (AI) features. This move comes as Apple strives to stay competitive in the rapidly evolving AI landscape and enhance user experience through...

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Gold's allure as a precious metal transcends time. It has served as a symbol of wealth, a reliable store of value, and a hedge against inflation for centuries. For investors seeking to diversify their portfolio and protect their purchasing power, gold can be a strategic asset. This guide explores seven methods for investing in gold: 1. Physical Gold (Coins and...

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Don't Expect a Get-Rich-Quick Scheme: Spot Bitcoin ETFs and Long-Term Strategy The recent approval of 11 spot Bitcoin ETFs by the SEC in January 2024 sent ripples of excitement through the cryptocurrency community. Many envisioned a meteoric rise in Bitcoin's price, fueled by a sudden influx of institutional capital. However, a month later, reality presents a...

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Gold Eyes Renewed Rally as Central Bank Doves Sing, But Can It Break Through? (XAU/USD Forecast) The price of gold (XAU/USD) is poised for a potential return to its upward climb after a brief consolidation period. This renewed bullish sentiment comes on the back of dovish signals from central banks and a key resistance level waiting to be breached. Central...

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Dogecoin (DOGE), the self-proclaimed "meme coin" that took the internet by storm in 2021, is back in the spotlight. This time, it's not a celebrity tweet or a viral trend driving the buzz, but a technical indicator with a historical track record of bullish success: the golden cross. Golden Cross: A Beacon of Hope for DOGE? The golden cross is a chart pattern...

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The long-awaited approval of a Bitcoin exchange-traded fund (ETF) in late 2023 undoubtedly marked a turning point for the cryptocurrency. However, with this institutional influx, concerns regarding increased market manipulation have also surfaced. Let's delve into whether these concerns hold water and what the future might hold for Bitcoin's volatility. Pre-ETF...

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Shorting DXY: A Calculated Gamble on a Weaker Dollar, But Beware the Dragons The DXY, or US Dollar Index, measures the greenback's strength against a basket of major currencies. With rising global tensions and a potential shift in global power dynamics, the question lingers: is it time to short the DXY, betting on a weakening dollar? Let's explore the arguments...