The cryptocurrency market capitalization has experienced a significant decline, dropping to $2.63 trillion. This decline reflects the bottom of the range for the week, with the top coins such as Bitcoin, Ethereum, and BNB showing losses in the past 24 hours. Despite this, coins like Solana, Dogecoin, and Toncoin have shown gains. The market overall
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The British Pound has been experiencing a period of stagnation, hovering around the 1.2620 level within a tight 500 pip range. Despite attempts by bears to push the GBPUSD into a downtrend similar to the EURUSD, the pair has consistently found buyers on dips towards the 200-day moving average at 1.2590. This deadlock appears to
When it comes to making financial decisions, it is crucial to conduct thorough due diligence checks before taking any action. The information provided on various platforms, including news websites and publications, may offer personal analysis and opinions that are intended for educational purposes only. However, it is essential to remember that this information should not
The Japanese Yen (JPY) has been facing challenges due to the cautious stance taken by the Bank of Japan (BoJ) and the prevalent risk-on mood in the market. The lack of clarity regarding future rate hikes and the uncertainty surrounding policy normalization have contributed to the weakening of the safe-haven JPY. While the risk-on sentiment
The recent tankan survey conducted by the Bank of Japan revealed that business sentiment among big Japanese non-manufacturers has improved to a level not seen in over three decades. This positive development in the first quarter offers hope to policymakers that domestic demand will play a crucial role in supporting the fragile economic recovery. The
As we move into the second quarter of the year, the Federal Reserve may have new incentives to cut rates even deeper. According to Canaccord Genuity’s Tony Dwyer, a deteriorating jobs market and easing inflation will likely push the Fed to take more aggressive action. Dwyer believes that while they may not need to return
The collapse of Baltimore’s Francis Scott Key bridge has left the city in turmoil, with the port economy at a standstill and thousands of jobs on the line. The urgent need for federal funding to rebuild the bridge and reopen the port is critical for the economic health of not only Baltimore but the entire
The salvage operation of Baltimore’s collapsed Francis Scott Key Bridge has commenced, with crews preparing to lift the first piece of the bridge from the water. This crucial step will allow barges and tugboats to access the disaster site and begin the process of reopening the blocked port. The steel truss bridge collapsed tragically, resulting
In a recent turn of events, Japanese health officials conducted a search at a Kobayashi Pharmaceutical factory following reports of five deaths possibly linked to dietary supplements containing red yeast rice. The Ministry of Health, Labour and Welfare, in collaboration with the City of Osaka, inspected the factory in Osaka that had produced the supplements,
Mark Yusko, the CEO and chief investment officer of Morgan Creek Capital Management, is making a bold prediction that Bitcoin will more than double in value this year to reach $150,000. This forecast is based on his belief that Bitcoin is the dominant token and a better form of gold. Yusko advises investors to “get
Following the tragic attack on a concert hall near Moscow, there has been a surge of migrant workers leaving Russia and returning to Tajikistan. This mass exodus is a direct result of the fear and panic instilled in the migrant community after the deadly incident. The Ministry of Labour, Migration, and Employment in Tajikistan reported
The Luxeed S7 electric sedan, a product of the partnership between Chinese tech giant Huawei and Chery Auto, has finally begun mass deliveries after facing setbacks due to semiconductor shortages and production issues. Richard Yu, managing director and chairman of Huawei’s smart car solutions, announced the commencement of deliveries through a post on the Weibo