Former President Donald Trump unveiled a new tariff policy, causing global market volatility. The “reciprocal tariffs” strategy mirrors half the rates of tariffs that other nations impose on U.S. goods, impacting economies like China and the European Union. The announcement triggered a market panic, erasing nearly $2 trillion from the S&P 500 futures’ market cap. […]
The announcement of President Trump’s tariffs caused a significant upheaval in global financial markets, leading to a $2.4 trillion loss in S&P 500 market value. The wealth of the 500 richest individuals fell by $208 billion, marking a historical decline in the Bloomberg Billionaires Index. Major companies and figures such as Mark Zuckerberg, Jeff Bezos, […]
Cryptocurrencies, initially viewed as a shield from traditional finance instability, are now affected by geopolitical and economic turmoil. Significant drops were seen in assets with Coinbase Global falling 4%, MicroStrategy 3%, and miners like MARA Holdings, Riot Platforms, and Bitfarms declining by 4-6%. The values of Bitcoin and Ether also decreased, by 2.3% and 3.3% […]
An electric rush in retail investing sees Tesla reclaiming prominence on Robinhood, surpassing AI-focused Nvidia. Tesla’s journey, driven by Elon Musk, highlights its pivotal role in revolutionizing electric vehicles while facing growing global competition. The allure of Tesla is boosted by Musk’s futuristic promises, but skepticism remains due to unfulfilled timelines for innovations like robotaxis. […]
The Pi Network has seen a dramatic decline in value from $2.98 to $0.6647, losing 77% of its peak value. An impending increase in token supply to 8 billion is a key factor in the token’s value drop. Pi Network’s exclusion from major exchanges like Binance and Coinbase limits its liquidity and adoption. Technical indicators […]
Fidelity Investments launches the innovative Fidelity Crypto IRA, bridging traditional finance with cryptocurrency for a diversified retirement strategy. The Crypto IRA includes popular digital assets like Bitcoin, Ethereum, and Litecoin, attracting millennial and Gen-Z investors seeking innovation. Investors gain direct interaction with cryptocurrencies, with no opening or maintenance fees and competitive transaction costs. Security is […]
U.S. President Trump’s upcoming tariff announcement introduces significant market instability, causing jitters among investors, especially in the cryptocurrency sphere. Bitcoin, currently trading around $85,000, has dipped from last year’s peak of $110,000, facing a challenging environment amid geopolitical tensions. Experts warn of potential further declines, with predictions of bitcoin falling below $80,000 and ethereum dropping […]
XRP price struggles to break through the $2.20 resistance level, mimicking recent pressures experienced by Bitcoin and Ethereum. The price has dropped below critical levels, with a bearish trend line forming on the hourly chart. Currently, the price is below the 100-hourly Simple Moving Average, with support at $2.10 from a previous 61.8% Fibonacci retracement. […]
The Medical Research Future Fund (MRFF) was envisioned as a significant catalyst for Australia’s biomedical innovation but is hampered by fiscal and political obstacles. Originally aimed to reach $20 billion by 2020 for medical breakthroughs, the fund grew to over $23 billion but faces a $650 million annual disbursement cap. Despite accumulating $6.435 billion since […]
XRP’s price activity suggests a potential Head and Shoulders pattern, signaling bearish sentiment. The Charting Guy, an analyst on platform X, predicts a possible price drop to $1.15, aligning with crucial Fibonacci levels. The pattern shows unusual symmetry with two right shoulders, introducing uncertainty to its bearish implication. Despite this, XRP maintains strength above the […]