Bitcoin has retreated to around $62,000 after failing to hold above $64,000, with rising geopolitical tensions, expectations of higher US interest rates and renewed concerns over Strategy’s Bitcoin sales weighing on market sentiment. According to market data, Bitcoin (BTC) is trading just above $62,000 after falling nearly 2% over the past 24 hours, extending its
The USD/ZAR exchange rate rose by a few pips today, July 9, as crude oil prices rose following the new strikes in the Middle East. It jumped to 16.50 on Wednesday and then pulled back a bit to 16.37. South African rand falls as geopolitical tensions rise The South African rand softened a bit after
Silver is trying to steady after three days of losses, but the backdrop has turned more difficult. The metal edged higher near $58 an ounce on Thursday as bargain hunters returned, yet renewed US-Iran tensions are keeping traders cautious. The concern is not only the risk of another Middle East shock. It is that higher
Arbitrum (ARB) has gained nearly 8% over the past 24 hours after Robinhood expanded support for its newly launched Layer 2 network inside Robinhood Wallet while introducing a revenue-sharing structure that directs part of the chain’s earnings back to the Arbitrum ecosystem. According to an announcement, Robinhood Wallet now supports Robinhood Chain, allowing users to
BNB is trading higher on Thursday following a bearish start to the week. The native coin of the Binance ecosystem has reclaimed the $570 level and could rally higher in the near term. The recovery comes after BNB Chain announced plans to build a new high-performance Layer-1 blockchain aimed at supporting next-generation blockchain applications, including
A proposed $110 billion merger between Paramount and Warner Bros. Discovery is facing growing legal scrutiny in the United States, with several states preparing to challenge the transaction over competition concerns. The deal, which would combine two of Hollywood’s largest film studios, has sparked fears that it could reduce consumer choice, eliminate jobs, and give
Ethereum has gradually recovered from weeks of sustained selling pressure, climbing nearly 10% since the beginning of the month. However, the rebound has yet to attract the strong buying activity needed to confirm a broader bullish trend. On-chain metrics suggest investor sentiment is improving, but demand from both retail traders and institutional participants remains relatively
Global investors have placed orders for more than seven times the shares available in SK Hynix’s upcoming American depositary receipt (ADR) offering, Bloomberg and Reuters reported. According to Bloomberg, the offering has attracted strong interest from global long-only funds and technology-focused investors ahead of its expected pricing on Thursday. Around 1,000 institutional investors participated in
Ripple’s XRP has successfully defended the $1.02 support level following the heavy selling pressure on Wednesday. The current market conditions are driven by escalating geopolitical tensions and growing concerns over US monetary policy. XRP has slightly recovered to $1.09. The weakness comes as investors reduce exposure to risk assets amid renewed conflict in the Middle
Microsoft’s warning that the quantum-security clock is moving faster has put a beaten-down quantum stock back on Wall Street’s radar. Quantum Computing Inc. (NASDAQ: QUBT) was trading around $8.75 on Thursday, while an average analyst price target on the stock is $18.33, implying roughly 111% upside current levels. The setup is compelling, but risky, as