EUR/USD 1.15421
-0.163%
Gold 4390.21
1.067%
Oil 81.440
6.779%
USD/JPY 159.300
1.107%
GBP/USD 1.35065
0.069%
GBP/JPY 215.157
1.173%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 11, US President Trump stated on Monday that he and Federal Reserve Chairman Warsh have only had one "brief" conversation since Warsh took office, denying reports of frequent communication between the two. White House National Economic Council Director Hassett stated last week that the two "frequently discuss economic issues," but other sources familiar with the matter said their calls are irregular and infrequent. Earlier reports indicated that Trump had communicated with Warsh multiple times since Warshs confirmation as Fed chairman in May, inquiring about Warshs forecasts and views on the economic outlook. Trump reiterated his desire to lower interest rates but stated that he "100% supports" Warsh, emphasizing that Fed policy is decided jointly by the Board of Governors.Nvidia (NVDA.O) CEO Jensen Huang: (Regarding the $500 billion AI infrastructure financing plan) The related transactions will support the widespread application of artificial intelligence. The funds will all come from third-party capital.Trump Media Technology Group (DJT.O) reported second-quarter revenue of $1.7 million, a net loss of $238.1 million, and an adjusted EBITDA loss of $223.5 million.Sources say Ukraine and Moldova are considering transporting Ukrainian grain via a railway route through Moldova.On August 11th, Nvidia (NVDA.O) announced a strategic partnership with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to create an independent computing power financing platform. This platform will mobilize over $500 billion in third-party capital for the long term, supporting the development of artificial intelligence infrastructure. Nvidia stated that the new financing platform will transform Nvidias computing and full-stack AI infrastructure into a globally investable asset class, expanding access to AI factories, enabling long-term revenue linked to usage, and supporting Nvidias ecosystem growth in hardware sales and software applications.

Bitcoin Must Maintain Support to Avoid Severe Selling Pressure

Alina Haynes

May 11, 2022 10:20

 截屏2022-05-11 上午9.54.38.png 

Spot versus Futures Bitcoin Pricing

Bitcoin is trading nearly 3 percent higher on the day at $31,030 as of 4:45 PM EST (Coinbase). At $30,990, BTC futures trade below their spot counterparts, confirming the pessimistic market mood. When future pricing of a commodity or asset is lower than the spot or live pricing, it indicates that market participants anticipate the item or commodity's price will likely decline in the future.

Technical Analysis of BTC

If we perform a Fibonacci retracement from Bitcoin's price a week ago at around $40,000 to yesterday's lows at approximately $30,000, it is evident that Bitcoin failed to surpass the 23 percent retracement level, which is approximately $32,130, on its rebound higher today. This suggests further price prices are anticipated.

 

If Bitcoin fails to maintain support at $29,00, then $20,000 is a distinct possibility. Even in the worst-case situation, I believe Bitcoin will be able to maintain a value of $10,000. However, if we were to reach that price, it would necessitate a loss of over 60 percent. Bitcoin must therefore maintain its current support to prevent a further carnage and prices not seen since 2020.

Suggestion