Bitcoin’s recent failure to break above the crucial $60,000 level has raised concerns about its future performance. The resistance at this level has proven to be strong, with the price currently struggling to stay above the 200 EMA at $58,165. The inability to surpass this level suggests a bearish sentiment in the market. The Relative
Investors experienced a significant shift in the U.S. equities market on Thursday, with the Russell 2000 surging by approximately 3.5% while the S & P 500 saw a decline of nearly 1%. This divergence has sparked discussions on whether this is merely a case of profit-taking within the Magnificent 7 or if it signals the
The recent recovery in the cryptocurrency market has sparked a wave of inflows from various investors, ranging from retail to institutional. Companies are once again showing interest in the market, pouring funds in with hopes of capitalizing on a potential strong retrace. The increase in investments is seen as a positive sign, reflecting growing confidence
JPMorgan Chase recently announced its second-quarter earnings, which surpassed analysts’ expectations, particularly in the area of investment banking fees. The bank reported a 52% increase in investment banking fees from the previous year, totaling $2.3 billion. This surge in fees contributed to the overall revenue of $50.99 billion, exceeding the estimated $49.87 billion. Earnings for
Following the U.S. Supreme Court’s recent decision to overturn the Chevron doctrine, House Republican leaders have initiated a review of the Biden administration’s environmental, social, and governance agency regulations. This decision has led to significant concerns among policymakers regarding the impact of the ruling on existing regulations and future rulemaking. House Transportation and Infrastructure Committee
SpaceX’s Falcon 9 rocket, which has been a reliable workhorse for the company, faced an unexpected setback recently. The incident, which occurred during the “Starlink Group 9-3” mission, led to the grounding of the rocket for an investigation. The rocket took off from California’s Vandenberg Space Force Base with the goal of deploying 20 satellites
In a groundbreaking announcement, the Axiom Foundation revealed its partnership with GolfN to propel the field of Play-to-earn in real-world golf to new heights. This strategic collaboration aims to leverage blockchain technology to revolutionize the way golf is experienced and engage with on a global scale. The Axiom Foundation, a non-profit organization, is committed to
Located in Delray Beach, Florida, the Mar Pietra mansion is a stunning display of luxury and opulence. With over 23,000 square feet of living space, this $60 million dollar listing is sure to impress even the most discerning buyers. The exterior of the mansion exudes old-school Italian flair, boasting 300 stone columns and vaulted ceilings
Following the release of softer-than-expected inflation data, the dollar experienced a decline to one-month lows. This decline has triggered increased speculation that the Federal Reserve may cut interest rates in September. The anticipation of a rate cut has led to a cautious stance in broader foreign exchange markets. The Japanese yen exhibited a sharp strengthening
The Biden administration recently announced that public infrastructure built with federal emergency funds must adhere to stricter flood-risk standards to combat the escalating climate risk. This new standard, years in the making, mandates that buildings and other infrastructure constructed with Federal Emergency Management Agency (FEMA) funds should either be elevated higher above local flood levels