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” Polygon reaches level that last time triggered a 275% MATIC price rally — will history repeat? “ Polygon (MATIC) price reversed course to the upside on May 10 after testing $0.794 as its interim support, thus rising by up to 25% to $0.99. The rebound occurred a day after the token slumped over 17% to reach…
” DOT rallies 12% in a day as Polkadot gears up to solve a major blockchain hacking problem “ Polkadot (DOT) price ticked higher in the past 24 hours on anticipations that its new cross-chain communications protocol would solve a long-standing problem in the blockchain sector. DOT price gains 12% on XCM launch Bulls pushed DOT’s…
” Aussie exchange Swyftx to offer ‘no lock-in’ yield on crypto “ Swyftx exchange will begin offering interest-bearing yields on a wide range of cryptocurrency assets — the first Australian-operated crypto exchange to do so. Swyftx’s new product, called Earn, will offer Australian and New Zealand residents the ability to earn interest on 21 different…
“The Fed could turn the housing market from boom to bust” Herb Stein famously said that if something cannot go on forever, it will stop. Those buying houses in the belief that today’s rapid rate of home price increases will continue indefinitely might take note of the economist’s adage. With the Federal Reserve beginning to…
“Federal Reserve hikes rates by half point to tame inflation” The Federal Reserve on Wednesday raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years, and said it would begin trimming its bond holdings next month as a further step in the battle to lower inflation. The US central bank set…
” Bitcoin whale holdings at 7-month highs despite warnings of BTC price crash to $20K “ Bitcoin (BTC) prices could drop by 20% in the next few months, but that has not deterred its richest investors from stacking. The amount of Bitcoin held by “unique entities” with a balance of at least 1,000 BTC, or…
“US stocks fall as Microsoft, Google kick off key tech earnings” US stocks were pounded in midday trading Tuesday — with heavy losses in the tech-heavy Nasdaq index – as investors braced for key earnings from Google parent Alphabet and Microsoft later in the afternoon. The tech giants are set to disclose quarterly results against…
“Dow plunges 800 points as Fed signals steeper rate hikes to combat inflation” The Dow suffered its worst one-day loss since October 2020 as investors weighed the possibility that the Federal Reserve could hike interest rates more than expected and digested days of disappointing earnings results. The S&P 500 fell 2.8%, closing out a third…
“Fears of recession are everywhere — except the White House” With prices soaring, labor shortages, the Ukraine war raging, supply-chains snarled and interest rates now set to rise, fears of a looming recession are everywhere. Except, of course, at the White House — which is in utter denial. Just as it was over inflation. “‘Inflation…
” Cardano price risks 30% drop in Q2 despite a ‘major’ hard fork ahead “ Cardano (ADA) price risks undergoing a severe correction in the next few months despite touting its blockchain network’s bolstering growth and a “major” hard fork event in June. Descending channel hints at ADA selloff ahead ADA, which makes up about…