BitcoinEthereumNews·
The post WTI Price Forecast: Rejection at the 200-day SMA keeps bears in control appeared on BitcoinEthereumNews.com. West Texas Intermediate (WTI) crude Oil edges lower on Thursday, erasing all of the previous day’s gains as traders reassess the supply risks stemming from renewed US-Iran tensions. At the time of writing, WTI is trading around $71.75, down 3.77% on the day. Crude Oil prices surged earlier this week after the United States and Iran exchanged military strikes, raising fears that shipping through the Strait of Hormuz could once again face disruptions. However, markets see the latest flare-up as unlikely to escalate into a full-blown war and expect shipping through the Strait of Hormuz to continue to recover. From a technical perspective, Thursday’s decline follows a rejection at the 200-day Simple Moving Average (SMA) near $73.35, which acts as immediate resistance. WTI also remains well below the 100-day SMA around $86.91, suggesting sellers retain the upper hand despite
Read full articleThe trilateral SMR initiative could shift global energy dynamics, offering a strategic alternative to Russian and Chinese nuclear influence. The post US, Japan, and South Korea team up to export small modular reactors and reshape global energy appeared first on Crypto Briefing.
The decline in US consumer credit suggests a shift towards financial conservatism, potentially impacting economic growth and consumer markets. The post US consumer credit falls $182M in May, first decline since November 2024 appeared first on Crypto Briefing.
The post Bitdeer Stock Jumps After $36M Nevada Manufacturing Expansion appeared on BitcoinEthereumNews.com. Shares of Bitdeer Technologies Group rose on Thursday after the Bitcoin (BTC) mining infrastructure company announced a $36 million manufacturing facility in Nevada, a move that expands its US production capacity and could reduce its reliance on third-party suppliers for mining hardware. Bitdeer climbed 14.1% to $14.33, fully recovering from a selloff earlier in the week. Despite Thursday’s rally, the stock remains roughly 27% below its June high but is up 26% year-to-date. The gains followed Bitdeer’s announcement that it will build a manufacturing facility in Sparks, Nevada, to assemble its SEALMINER line of Bitcoin mining machines. The plant will produce key mining hardware components, with commercial production expected to begin by the end of the year. Bitdeer Technologies Group (BTDR) stock. Source: Yahoo Finance Bitdeer CEO Catherine Guo told local media the Singapore-based
The depletion of the US oil reserve amid geopolitical tensions highlights vulnerabilities in energy security and potential market instability. The post US Strategic Petroleum Reserve hits lowest level since 1983 as Iran tensions drain emergency stockpiles appeared first on Crypto Briefing.
The disruption in the Strait of Hormuz highlights vulnerabilities in global oil supply chains and may accelerate crypto adoption amid sanctions. The post Shipping through Strait of Hormuz drops sharply amid US-Iran tensions, pushing oil past $100 and sparking crypto workarounds appeared first on Crypto Briefing.
The post Australian Dollar firms as US Dollar softens appeared on BitcoinEthereumNews.com. AUD/USD trades higher near the 0.6940 area on Thursday, as the Australian Dollar (AUD) benefits from a softer US Dollar (USD), even after stronger-than-expected United States (US) jobless claims data showed that the labor market remains stable. US Initial Jobless Claims fell to 215K, below expectations of 218K and the previous 217K, suggesting that layoffs remain limited. However, the Greenback failed to gain strong traction as the broader US Dollar Index (DXY) slipped for a second straight session, while markets continued to assess geopolitical risks and the Federal Reserve’s (Fed) policy outlook. China also remains a key driver for the Aussie, given Australia’s strong trade exposure. China’s Producer Price Index (CPI) report, released late Wednesday, showed a 4.1% YoY rise in June, the fastest pace in four years, while China’s Consumer Price Index (CPI) slowed to 1% YoY, highlighting stronger f
The escalation in US-Iran tensions could destabilize regional security, impact global oil supply, and prompt tighter crypto regulations. The post Iran launches missile and drone attacks on US military sites in Gulf, rattling crypto and oil markets appeared first on Crypto Briefing.
Polymarket's regulatory pursuit could reshape global prediction markets, influencing blockchain adoption and regulatory landscapes in the US. The post Polymarket pushes for US regulatory blessing to bring American traders back to its main platform appeared first on Crypto Briefing.
