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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 articleSK Hynix's US listing highlights global demand for AI-critical memory, potentially reshaping semiconductor market dynamics and investment flows. The post SK Hynix US offering attracts $200B in demand as top accounts dominate allocation appeared first on Crypto Briefing.
The post British Pound Sterling stages a jailbreak while Westminster arranges a coronation appeared on BitcoinEthereumNews.com. Cable adds roughly a tenth of a percent on Thursday, changing hands a whisker above 1.3400 and poking through the 200-day Exponential Moving Average (EMA) for the first time since mid-June. The setting makes the move notable: the United States traded overnight strikes with Iran for a second consecutive day, Crude Oil carries a war premium, and Federal Reserve (Fed) speakers spent the session sounding hawkish. None of it bought the Dollar anything against the Pound. Washington supplies hawks and airstrikes, and the Dollar shrugs Thursday’s American docket gave Dollar bulls usable material, starting with Initial Jobless Claims printing 215K at 12:30 GMT against a 218K consensus and a 217K prior. A voting Federal Open Market Committee (FOMC) member delivered remarks rated firmly hawkish at 13:00 GMT, another policymaker speaks at 17:30 GMT, and Existing Home Sale
Heightened geopolitical tensions could lead to market volatility, impacting global oil prices and increasing regulatory scrutiny on cryptocurrencies. The post Iran plots to assassinate Trump, Israel warns US: what it means for markets appeared first on Crypto Briefing.
The 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.
