Bitcoin Backs Off Six-Week High as Trump Odds of Winning Dip

Bitcoin Backs Off experienced a decline on Monday, marking the first session in four where it has pulled back from its six-week highs. This movement was driven by active profit-taking and increasing risk aversion following US President Joe Biden’s withdrawal from the presidential race. Current Performance of Bitcoin Today, Bitcoin fell by 1.75% on Bitstamp,…

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Gold Rebounds prices saw a notable rise in European trade on Monday, marking the first increase in four days. This resurgence comes as the dollar loses ground following US President Joe Biden’s withdrawal from the upcoming elections. The market’s reaction has bolstered haven demand, driven by the uncertainty surrounding the future political landscape. Current Performance…

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Dollar Declines After In a significant development on Monday, the US dollar experienced a decline against a basket of major currencies following the formal withdrawal of President Joe Biden from the 2024 presidential race. Concurrently, the Chinese yuan continued its downward trend for the third consecutive session, following a surprise interest rate cut by the…

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Wall Street Decline on Friday, with major US stock indices heading towards weekly losses. This downturn is largely attributed to a significant selloff in technology shares, which has been triggered by concerns over potential US restrictions on chip sales to China. This article explores the recent market performance, the reasons behind the tech sector selloff,…

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Gold Backs Off prices retreated on Friday during European trade, pulling back from record highs for the third consecutive session as investors engaged in profit-taking. This movement coincided with the advancement of US 10-year treasury yields, which often draws liquidity away from non-yielding assets like gold. Gold Price Movements Despite the recent decline, gold remains…

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Microsoft Outage On Friday, a sudden outage of Microsoft’s internet services caused widespread disruptions across various sectors, impacting banks, exchanges, hospitals, and airports globally. The outage was abrupt and had far-reaching consequences, affecting operations from Asia to the United States. Immediate Impact on Major Sectors The outage had a pronounced effect on several critical sectors:…

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Bitcoin Spike performance continues to captivate investors and analysts alike. On Thursday, Bitcoin resumed its gains after a brief hiatus, approaching four-week highs. The driving force behind this surge is a mix of positive sentiment in the crypto market and the global trend towards policy easing. Additionally, the upcoming US elections are providing significant impetus…

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Dollar Rebounds rose in European trade on Thursday, marking its first gain in three days as it bounced back from recent four-month lows. This rebound is driven by short-covering and rising US Treasury yields. Investors are keenly awaiting the US unemployment claims data for more clues on the future direction of US interest rates. Current…

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Dollar Skids continued its downward trajectory in European trade on Wednesday, hitting four-month lows. This marks the second consecutive day of sharp losses, influenced by a new round of intervention by the Bank of Japan (BOJ) to support the yen and declining US 10-year treasury yields, which reflect the market’s anticipation of upcoming Federal Reserve…

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