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Someone is Buying the Ethereum (ETH) Dip… But It’s Not What You Think
Someone is Buying the Ethereum (ETH) Dip… But It’s Not What You Think

The least expected people are buying the ETH dip.

Cryptopotato·2024/08/04 16:00
Ethereum (ETH) and ChainLink (LINK) turned into the biggest losers in 2024
Ethereum (ETH) and ChainLink (LINK) turned into the biggest losers in 2024

Share link:In this post: Ethereum (ETH) and ChainLink (LINK) had the most positive outlook, but remained underbought in 2024. LINK expects a dip to the $7 range, almost erasing all 12-month gains. ETH crashed under $2,200, with whales swooping in to buy on the spot market.

Cryptopolitan·2024/08/04 16:00
Bitcoin falls under $50K, crypto liquidations hit $1 billion
Bitcoin falls under $50K, crypto liquidations hit $1 billion

Share link:In this post: Bitcoin falls to $49,000, leading to overall crypto losses. The crypto market cap falls by 17%. 277,913 traders were liquidated in the last 24 hours for a total of $1.06 billion.

Cryptopolitan·2024/08/04 16:00
Crypto Market Crash Aside: 3 Things to Watch This Week
Crypto Market Crash Aside: 3 Things to Watch This Week

Things couldn’t get much worse for crypto markets following their largest retreat for more than a year. However, this week’s economic calendar in the US is slow which could limit further volatility.

Cryptopotato·2024/08/04 16:00
Bitcoin Bear Peter Schiff Predicts BTC ETF Selloff To Overwhelm Spot Market
Bitcoin Bear Peter Schiff Predicts BTC ETF Selloff To Overwhelm Spot Market

It’s Peter Schiff’s time to shine.

Cryptopotato·2024/08/04 16:00
Flash
22:01
On Thursday (June 18), the US Stock Artificial Intelligence (AI) Winners Index rose by 4.57% to 457.59 points, reaching a new all-time closing high after just one trading day.
Among the constituent stocks, Bloom Energy closed up by 15.41%, with SanDisk, Astera Labs, Corning Incorporated, and Super Micro Computer following with gains ranging from 11.54% to 10.37%. Microsoft recorded the smallest increase at 0.13%. Tianhong Shares fell by 2.06%, ranking as the third largest decliner, while Lumentum dropped by 2.30% and Dell Technologies fell by 2.34%.
21:51
MSCI: Deterioration in information flow in the Indonesian market; closely monitoring market reforms in Vietnam; market access issues persist in South Korea
In South Korea, MSCI stated that despite authorities continuing to push for a reform agenda, fundamental market access issues remain unresolved. The index provider downgraded the capital mobility ratings for Indonesia and Turkey, reflecting persistent market concerns about the transparency of their freely tradable shares and the mechanisms for fair price formation. MSCI also noted that Turkey’s frequent rule changes and imposition of restrictions are not desirable characteristics. Read more
21:48
The MSCI Emerging Markets FX Index fell by 0.7%, with the declines in the South Korean won, Chilean peso, and Brazilian real being particularly notable.
Due to the strengthening of the US dollar and a rise in global risk aversion—along with multiple external factors—emerging market currencies have recently faced considerable selling pressure. The recent decline in this index further reflects the increased volatility in the exchange rates of some emerging economies.
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