Nvidia wiped out $220 billion in market cap on Friday, the chipmaker dropped to third most valuable firm behind Microsoft and Apple. The correction in the tech giant’s stock was followed by AI tokens extending their losses, NEAR, FET, RNDR, GRT, TAO … [Continue reading]
Bitcoin ETFs hemorrhage over $730 million in one week, where is BTC headed?
Bitcoin ETFs noted consistent outflows throughout the week, totaling over $730 million. BTC supply on exchanges is down 27% in the past six months, despite consistent profit taking by Bitcoin holders. At the current price, nearly 82% … [Continue reading]
Solana tagged ‘Mac OS’ of blockchain by Pantera Capital amid its decline
Pantera Capital released a report addressing Solana as a major player in the future of blockchain. Waning interest in meme coins could hamper Solana's growth. Solana's price drops briefly below $130 for the first time since May. Pantera Capital … [Continue reading]
Gold price drops on firm US yields, strong USD after solid US data
Gold reverses gains after hitting daily high of $2,368, down more than 1.70%. Strong US S&P Global PMI data boosts the US Dollar, with the DXY rising 0.14% to 105.80. Mixed US economic data keeps Fed rate cut speculation alive. Gold prices … [Continue reading]
Australian Dollar closes the week with losses on weak PMIs
Australian Dollar has suffered extended declines in recent sessions as RBA gains slowly fade. PMI figures from Australia reveal weaker-than-expected data. Fragility in the Australian economy seems to be driving demand off the Aussie. In Friday's … [Continue reading]
NZD/USD Price Analysis: Bulls struggle to hold gains, Kiwi outlook turns negative
Kiwi tallies a three-day losing streak, end the week on a negative note with the pair stabilizing at 0.6115. NZD/USD outlook continues to skew bearish as bulls fail to maintain upward traction. Bucking the bearish trend, a break above 0.6150, … [Continue reading]
Australian Dollar sees red as Judo PMIs came in lower than expected
Australian Dollar has suffered extended declines in recent sessions as RBA gains slowly fade. PMI figures from Australia reveal weaker-than-expected data. Fragility in the Australian economy seems to be driving demand off the Aussie. In Friday's … [Continue reading]
XRP struggles under $0.50 while lawsuit against Ripple CEO goes to trial
Ripple CEO Brad Garlinghouse faces trial in connection with statements made in a 2017 interview. Ripple proponents unpack the impact of the trial on the SEC vs. Ripple lawsuit development and past rulings. XRP is stuck under $0.50 after two … [Continue reading]
US S&P Global PMI set to signal slower expansion in June, focus on inflation and employment details
S&P Global preliminary PMIs are expected to confirm ongoing expansion in the US private sector’s business activity in June. Survey details on inflation and employment will be scrutinized by market participants. EUR/USD needs to clear … [Continue reading]
India Gold price today: Gold steadies, according to FXStreet data
Gold prices remained broadly unchanged in India on Friday, according to data compiled by FXStreet. The price for Gold stood at 6,339.72 Indian Rupees (INR) per gram, broadly stable compared with the INR 6,342.35 it cost on Thursday. The price for … [Continue reading]