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Bitcoin was stable at around $61,000 as of Thursday, noting the previous day’s outflows of $30.6 million across ETFs. All Ether ETFs showed neutral flows on Wednesday, pushing Ethereum’s range below $2,400. XRP added 3% to its value and is trading above $0.5300 on Thursday. Bitcoin, Ethereum, XRP updates On Wednesday, $30.6 million in outflows were observed from Bitcoin (BTC) spot exchange traded funds (ETFs). The largest crypto asset by market capitalization was trading at $61,039 at the time of writing on Thursday, increasing its value by almost 0.6% on the day. The Ethereum (ETH) Spot ETF recorded neutral flows…
U.S. stocks fell on Thursday after the latest consumer inflation data was higher than expected, raising expectations for the path of interest rates.The Dow Jones Industrial Average (^DJI) was down about 0.2%, and the S&P 500 (^GSPC) was down about 0.3%, but both hit new all-time highs. The Nasdaq Composite Index (^IXIC), which has a high proportion of tech stocks, also fell by 0.5%.U.S. government data showed consumer prices rose 0.2% last month, beating the 0.1% rise that Wall Street had expected. On an annualized basis, prices rose 2.4% versus the expected 2.3%. The index was more closely watched than…
This article first appeared online in Adam’s Biotech Scorecard, a subscriber-only newsletter. STAT+ subscribers sign up here to get it delivered to your inbox. Sarepta Therapeutics CEO Doug Ingram is angry about the company’s low stock price. Investors who interacted with him this summer, including during a whitewater trip, said Ingram vented his frustrations to anyone who would listen. The full approval in June of Sarepta’s gene therapy for Duchenne muscular dystrophy, Erebidis, was a great moment for the company, launching an expanded commercial launch that has led to years of growth, Ingram claimed. . But the stock price is…
Bitcoin Price Prediction: BTC Vulnerable Despite Soaring Stablecoin Market Cap Bitcoin (BTC) price fell below $61,000 on Thursday after closing below the key support level of $62,000 on Wednesday, News.Az reported citing FXStreet. It stabilized around the dollar.This indicates that market sentiment may shift in the short term as institutional demand wanes, as evidenced by the second consecutive day of outflows of spot Bitcoin exchange traded funds (ETFs) in the US. are. However, an increase in stablecoin market capitalization may signal underlying bullish sentiment and an opportunity for future recovery. Shiba Inu could fall 7% as SHIB whales reduce holdings…
The crypto rally that began in early October now appears to have petered out as the US dollar strengthens and investors move capital back into stocks. The price of Bitcoin (BTC), the largest cryptocurrency by market capitalization, fell to US$60,900 after trading above US$65,000 at the beginning of the month. Ethereum (ETH) price has also fallen by 3% in the past 24 hours after rising in early October, trading at just under USD 2,400. Smaller cryptocurrencies are also in retreat. Analysts attribute the decline in crypto prices to the strength of the U.S. dollar and the shift of…
Bitcoin’s rejection at $66,000 and below its 200-day moving average suggests that bearish sentiment is increasing. If the price fails to hold the $60,000 support, a medium-term decline towards the $52,000-55,000 zone becomes more likely. technical analysis Written by Shayan daily chart On the daily chart, Bitcoin briefly returned to bullish territory as it surged above both the 100-day and 200-day moving averages. However, reaching the $66,000 resistance zone created significant selling pressure and halted the uptrend. This area has historically acted as a strong multi-month resistance line, and Bitcoin’s inability to break above it resulted in significant rejection. Bitcoin…
German family office Lennertz & Co has introduced Blockchain Fund III, its third fund of funds focused on distributed ledger technology. This newly established fund aims to provide investors with access to several blockchain venture funds and allow them to participate in companies driving innovation in the blockchain space. Unlike other funds that are primarily focused on cryptocurrencies, Lennertz & Co’s Blockchain Fund III is designed to support companies developing the underlying infrastructure for blockchain technology. Masu. Lennertz & Co has made it clear that the fund’s primary focus will be on companies developing blockchain platforms, tools and frameworks. This…
Dutch police have conducted a long-term investigation into “the largest and longest-running international dark web marketplace in world history,” resulting in the arrest of two administrators and theft of 8 million euros ($8.7 million). It was revealed that it had been confiscated. Cipher. The marketplace consisted of two organizations, Bohemia and Cannabia, and offered users the ability to purchase malware and DDoS attacks, as well as a drug marketplace that primarily sold cannabis. According to Dutch authorities, “never before have police discovered a dark web market of this size.” Police say the marketplace hosts 82,000 ads per day, facilitates 67,000…
XRP is currently facing a legal nightmare as Ripple is battling the US Securities and Exchange Commission (SEC) in a high-profile case. Amid continuing legal troubles for Ripple, new altcoin JetBolt (JBOLT) is gaining momentum with its next-generation platform, cutting-edge technology, and early presale that has already raised about $290,000 in just two months. Their success has attracted the attention of whales. If you’re interested in what’s going on between Ripple and the SEC and why JetBolt is the top altcoin to watch this year, keep reading. Ripple and SEC legal battle: The story continues Ripple’s battle with the SEC…
My Top 10 Things to Watch Thursday, Oct. 10 1. Wall Street fell after September inflation numbers and weekly new jobless claims were worse than expected. The S&P 500 and Dow each closed at record highs on Wednesday, continuing their solid gains this week. The Nasdaq rose nearly 1% this week to take the lead, but it was still only about 2% off its July record. 2. The consumer price index in September rose 0.2% month-on-month and 2.4% year-on-year. Both were slightly higher than expected. The number of jobless claims for the week ending October 5 was 258,000, higher than…