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Bitcoin wrestles with resistance, struggles to reclaim $65K
Bitcoin wrestles with resistance, struggles to reclaim $65K

Share link:In this post: Bitcoin’s stuck trying to stay above $65,000, bouncing between resistance and support levels, with no strong buying pressure to break through. Market indicators are giving mixed signals, with some hints at a potential reversal, but overall momentum remains bearish. External factors like the stock market crash, Mt. Gox repayments, and macroeconomics are adding to Bitcoin’s struggle.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for a

Cryptopolitan·2024/07/25 22:52
Ethereum and L2 blockchains see 127% rise in daily active addresses
Ethereum and L2 blockchains see 127% rise in daily active addresses

Share link:In this post: Ethereum and Layer 2 blockchains have seen a massive 127% increase in daily active addresses, showing a big jump in user engagement. Despite more transactions and lower fees, Ether’s price dropped by 6% in Q2, but it still did better than Bitcoin. Layer 2 solutions are popular for their speed and lower costs.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We str

Cryptopolitan·2024/07/25 22:52
New Jersey wants to invest city pension fund in crypto ETFs
New Jersey wants to invest city pension fund in crypto ETFs

Share link:In this post: Jersey City plans to invest part of its pension fund in Bitcoin ETFs, following a similar move by Wisconsin’s pension fund. Cities like Los Angeles, Houston, and Nashville are already deep into cryptocurrency, with LA having the most Bitcoin ATMs worldwide. States like Wyoming and Texas are creating friendly environments for crypto businesses, while Miami is embracing the trend with its MiamiCoin.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no

Cryptopolitan·2024/07/25 22:52
Crypto Markets Lost $100B Overnight as BTC, ETH Plunged to Weekly Lows (Market Watch)
Crypto Markets Lost $100B Overnight as BTC, ETH Plunged to Weekly Lows (Market Watch)

ETH is among the poorest performers on a daily scale amid massive ETF outflows.

Cryptopotato·2024/07/25 10:35
Flash
19:39
According to sources familiar with the matter, Starbucks recently underwent a round of workforce reduction, cutting around 60 positions at its Hong Kong office and approximately 120 positions at its London office.
This adjustment is seen as part of the global coffee chain giant's effort to optimize its global operating structure and improve efficiency. The company stated that this is a regular part of its ongoing evaluation and adjustment of operations to support its long-term growth strategy, aiming to reallocate resources to key growth areas. Despite the personnel changes, Starbucks reaffirmed its unchanged commitment to the relevant markets and will continue to focus on providing a high-quality experience for customers. Market analysts believe this move reflects the dining and retail industry's increasing focus on streamlining operations and enhancing efficiency when faced with cost pressures and growth challenges.
19:23
According to relevant sources, a very large oil tanker is once again sailing from the Persian Gulf towards the Strait of Hormuz after a brief course adjustment.
Tanker tracking data shows that the Desh Vibhor, which had previously appeared to be planning to sail along the southern route recommended by the US military, has now switched to a more northern route, heading towards the Iranian coastline. This super tanker previously performed a turning maneuver, and later adjusted its course again to resume its journey toward the Strait of Hormuz.After the US and Iran signed a temporary peace agreement this Wednesday, the international crude oil market has been closely monitoring the dynamics of oil transportation through the Strait of Hormuz. Although the two countries have reached an agreement, Iran has stated publicly that any vessel without Iranian permission is still prohibited from passing through this waterway.
19:04
The Central Bank of Mexico announced the official exchange rate for the peso, with 1 US dollar convertible to 17.3247 Mexican pesos.
The determination of this official exchange rate will serve as an important reference for cost accounting in Mexico's import and export trade, cross-border consumer settlements, and cross-border capital flows. Relevant market participants may refer to this official pricing when conducting exchange-related transactions between the US dollar and the Mexican peso.
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