EUR/USD 1.17461
-0.336%
Gold 3682.66
1.050%
Oil 62.322
-1.528%
USD/JPY 147.970
-0.011%
GBP/USD 1.34673
-0.631%
GBP/JPY 199.280
-0.632%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Microsoft (MSFT.O) shares rose 0.5 percent after news that the company will raise Xbox prices on October 3.Moderna: The first batch of mRNA vaccines produced in Canada has arrived in Canadian provinces and regions.On September 20th, Venezuelan Foreign Minister Hill issued a statement on the 19th local time, stating that Venezuela, on behalf of President Maduro, appealed to the UN Security Council for the immediate cessation of US military operations in the Caribbean. Hill noted that US officials themselves have acknowledged that these actions have led to extrajudicial executions of civilians. Hill stressed the need to fully respect the political and territorial sovereignty of Venezuela and the entire Caribbean region.September 20th news: Some new iPhones have higher initial prices, but this does not mean that Trumps tariffs are to blame. Apple (AAPL.O) CEO Cook said: "There is no increase in the price due to tariffs, that is completely clear." This is a rare statement by Cook to clearly respond to the relationship between iPhone prices and tariffs. Earlier this month, Apple released the iPhone 17 series, raising the starting price of the Pro model by $100. However, compared with last years 128GB storage, this years entry-level Pro is equipped with 256GB of storage space, which may alleviate consumers psychological pressure to a certain extent. Although Cook insisted that the latest price increase has nothing to do with tariffs, the company still felt the impact of Trumps trade policy. Cook said in a recent earnings call that Apple expects to face $1.1 billion in tariff-related costs this quarter, compared with $800 million in the previous quarter.Microsoft will increase Xbox prices on October 3rd, with the Xbox Series S increasing by $20, the Xbox Series X increasing by $50, and the 2TB Xbox Series X increasing by $70.

DOGE Return to $0.100 Hinged on the Fed Despite Musk Support

Jimmy Khan

Feb 02, 2023 15:46

微信截图_20230202113748.png


On Tuesday, Dogecoin (DOGE) gained 8.60%. After losing 1.78% on Monday, DOGE gained 36.95% to $0.0960 before the month's conclusion.


After a choppy start to the day, DOGE fell to an early low of $0.0881 before moving. The price of DOGE increased to a late high of $0.0980 while avoiding the First Major Support Level (S1) at $0.0844.


Prior to easing back, DOGE broke through the First Major Resistance Level (R1) at $0.0926 and the Second Major Resistance Level (R2) at $0.0969.


Tuesday saw a rise of 2.52% for the Shiba Inu Coin (SHIB). SHIB closed the month up 46.34% at $0.00001181, partially correcting a 4.56% decline from Monday.


Following the general market, SHIB dropped to an initial low of $0.00001144 before acting. SHIB rose to a morning high of $0.00001199 after avoiding the First Major Support Level (S1) at $0.00001110. SHIB failed to surpass the First Major Resistance Level (R1) at $0.00001204 and retreated to below that level before gaining late support.

The US Economic Indicators and Elon Musk provided a pre-federal boost

The larger cryptocurrency market was left to give guidance since the Shibarium Network did not release any updates to support a SHIB breakthrough. The Shibarium upgrade continues to be the major factor driving SHIB, and bulls are anticipating a breakout in SHIB due to decreased transaction fees, faster transaction speeds, and higher burn rates.


DOGE, though, appreciated a rally supported by Elon Musk. Investors responded to Elon Musk's demand that DOGE be included to the Twitter payment system. Elon Musk's increased backing and the intentions to include DOGE as a payment option make the November 2022 high of $0.1589 relevant. The lack of activity on Twitter and the demise of FTX had sent DOGE to a low of $0.0660 on December 30.


A positive DOGE outlook is presented by the decreasing FTX contagion risk and the DOGE payment option on Twitter.


The NASDAQ Index and US economic data both played a role in the breakout session. Fears of a hawkish Fed Chair Powell conference later today were allayed by US economic figures. With the US employment rate at 3.5%, which is well below the Fed's 5% mandate, uncertainty yet persists.


Investors may get alarmed if the Fed Chair adopts a hawkish stance and advocates accelerating rate increases at the cost of the US economy.


Network upgrades, however, will continue to be of interest. Investors should follow the Dogecoin Foundation, Elon Musk, and the Shibarium Network on Twitter and the cryptocurrency news wires for developments.



Suggestion