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December 24th - Silver continued its record-breaking rally on Tuesday. "The silver market has been in a supply shortage for five consecutive years, while industrial demand continues to grow, which is the fundamental reality supporting prices. At the same time, safe-haven appeal, expectations of a weaker dollar, and declining yields are also contributing factors," said Peter Grant, Vice President and Senior Metals Strategist at Zaner Metals. "The next target for silver is $75, but year-end profit-taking could trigger a pullback." This followed data showing faster-than-expected US third-quarter growth, after which the dollar recovered some lost ground. A stronger dollar reduces the attractiveness of dollar-denominated metals to overseas buyers.New York silver futures broke through $71 per ounce, surging 3.55% on the day.The German DAX 30 index closed up 46.66 points, or 0.19%, at 24,342.81 on Tuesday, December 23; the UK FTSE 100 index closed up 23.57 points, or 0.24%, at 9,889.54 on Tuesday, December 23; and the French CAC 40 index closed down 17.22 points, or 0.21%, at 8,103.85 on Tuesday, December 23; the Euro... The Stoxx 50 index closed up 7.97 points, or 0.14%, at 5751.66 on Tuesday, December 23; the Spanish IBEX 35 index closed up 22.60 points, or 0.13%, at 17180.60 on Tuesday, December 23; and the Italian FTSE MIB index closed up 18.90 points, or 0.04%, at 44612.50 on Tuesday, December 23.The US 1-year Treasury auction on December 23rd yielded a winning bid of 3.38%, compared to 3.46% previously.The bid-to-cover ratio for the 1-year U.S. Treasury bond auction ending December 23 was 3.74, compared to 3.08 previously.

DOGE and SHIB Come Under Pressure on News of SEC Win Over LBRY

Cory Russell

Nov 08, 2022 16:28

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Dogecoin (DOGE) decreased by 3.07% on Monday. DOGE dropped 7.79% on Sunday, closing the day at $0.1112. Notably, DOGE extended the losing skid to three sessions despite avoiding sub-$0.10 for the tenth straight session.


The day got off to a strong start with DOGE rising to an early morning high of $0.1190. DOGE fell to a late low of $0.1070 after failing to surpass the First Major Resistance Level (R1) at $0.1243. Before closing the day at $0.1112, DOGE briefly breached the First Major Support Level (S1) at $0.1085.


On Monday, Shiba Inu Coin (SHIB) fell by 0.34%. Sunday saw a loss of 4.98% for SHIB, who closed the day at $0.00001180.


After a down morning, SHIB recovered to reach a late high of $0.00001211. SHIB declined to a late low of $0.00001150 after falling short of the First Major Resistance Level (R1) at $0.00001258. SHIB completed the session at $0.00001180, however, avoiding the First Major Support Level (S1) at $0.00001143.


DOGE and SHIB suffered from the general crypto market's sour mood. This week's US reports put investors' desire for buying to the test. The US CPI report for October, retail sales, and consumer confidence will all be important indications of the US economy.


Despite a strong NASDAQ Composite Index session on Monday, there were losses. NASDAQ received assistance from the market's perception of the US midterm elections.


Investors in DOGE and SHIB, meanwhile, continued to focus on news from Twitter (TWTR) and Elon Musk.


The market's negative reaction to Twitter's decision to postpone the development of a cryptocurrency wallet continues to dampen interest in purchasing DOGE.


Advertiser reports of leaving DOGE remained unfavorable. The likelihood of abrupt revenue stream declines due to a decline in advertising revenue increases, which could temper the positive assumption of DOGE adoption.


The price reversed from last week's high of $0.1587 as a result of the change in mood, which was represented in the most recent DOGE holding statistics.

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