Day: August 5, 2024

Dogecoin Price (DOGE) Slips Alongside Bitcoin and Ethereum: Market Analysis

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Pan-African Tech Firm Cassava Technologies Launches AI Unit

Africa-focused technology and data services firm Cassava Technologies has created a separate business unit to oversee its artificial intelligence (AI) operations. The AI unit will offer data center, cloud, cybersecurity, fiber connectivity, and renewable energy services. Helping Clients Adopt Generative AI Pan-African technology firm Cassava Technologies is creating a separate business unit to focus on […] Source CryptoX Portal

Key Takeaways for the Market

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Market Reacts to Major Sell-Off

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Ethereum price nosedived after it settled below $3,000. ETH is down over 20% and it is now attempting to recover from the $2,000 zone. Ethereum started a major decline below the $2,800 and $2,650 levels. The price is trading below $2,500 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,500 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if it clears the $2,500 resistance zone. Ethereum Price Takes Major Hit Ethereum price…

What Could Prevent a Recovery?

Bitcoin price declined further below the $55,000 support zone. BTC is down over 15% and might even slide toward the $50,000 zone. Bitcoin gained bearish momentum below the $56,500 and $55,000 support levels. The price is trading below $55,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $56,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start a decent recovery wave if it clears the $58,000 resistance zone. Bitcoin Price Nosedives Bitcoin price…

6 Indicators of Economic Trouble: Is a US Recession on the Horizon?

At the end of the week, U.S. equities experienced a sharp decline, which reverberated through the cryptocurrency market, reducing its value from $2.4 trillion to $2.09 trillion since July 29. Recently, discussions have intensified around the likelihood of an impending U.S. recession, with a soft landing seemingly off the table. Below are six distinct indicators […] Source CryptoX Portal

House of the Dragon: Questions Season 3 Needs to Answer

Warning: This post contains spoilers for the Season 2 finale of House of the Dragon. Season 2 of House of the Dragon ended not with the long-awaited Battle of the Gullet but with a montage that left viewers with more questions than answers. Who took Otto Hightower prisoner? Did Rhaena mount Sheepstealer? Seriously, where is Daeron?! And what about that conference between Rhaenyra and Alicent? Will both sides stick to their promise? How will it impact the Dance of Dragons going forward? Plus, after an entire season of watching Daemon…

Bitcoin spirals below $55k for first time since July 13

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The crypto market decided to take a nosedive over the weekend, with Bitcoin taking the express elevator down to below $60,000 for the first time since July 13. Observers took to X.com to blame the plummet on a cocktail of factors, including Israel’s bracing for potential attacks from both Iran and Hezbollah, with warnings of reported planned assaults as early as Monday. Bitcoin (BTC) shed 10% of its value during the weekend, leaving it just shy of $55,000, according to CoinGecko. As of the last check, Bitcoin was having a…