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Jefferies: Raised Amazon (AMZN.O) price target from $250 to $255.Jefferies: Raised Apples (AAPL.O) rating from "underperform" to "hold" and raised its target price from $170.62 to $188.32.July 2, according to the Asahi Shimbun, Japanese trade negotiator Ryomasa Akasawa is scheduled to travel to the United States for trade negotiations as early as this weekend. This will be Ryomasa Akasawas eighth trip to the United States for trade negotiations. Justin Low, an analyst at the financial website Forexlive, said that despite many visits, the situation is roughly the same as his first visit. The "running show" at least makes them look difficult. But I guess only time will tell. With a week left before the July 9 deadline, Trump seems to be losing patience.July 2, Bank of Americas clients withdrew money from the U.S. stock market at the fastest pace in 10 weeks, reducing their risk exposure. As of the end of June, the S&P 500 index had its best quarterly performance since 2023. Bank of America quantitative strategists including Jill Carey Hall wrote in a report released on Tuesday that last week, all major client groups, including institutions, retail investors and hedge funds, withdrew a total of $1.3 billion from the U.S. stock market. Amid risk aversion in the market, there is growing uncertainty about whether the current rebound can continue. The current rebound has helped the S&P 500 rebound from its tariff-related lows in April and is currently hovering near its highest overbought level since July 2024.Futures July 2 news, 1. WTI crude oil futures trading volume was 579,344 lots, an increase of 58,645 lots from the previous trading day. The open interest was 1,989,281 lots, an increase of 23,959 lots from the previous trading day. 2. Brent crude oil futures trading volume was 96,803 lots, an increase of 3,188 lots from the previous trading day. The open interest was 196,066 lots, a decrease of 940 lots from the previous trading day. 3. Natural gas futures trading volume was 515,431 lots, a decrease of 94,589 lots from the previous trading day. The open interest was 1,499,809 lots, an increase of 8,841 lots from the previous trading day.

Crypto Market Daily Highlights The Crypto Meltdown

Jimmy Khan

May 27, 2022 10:21

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On Thursday, the crypto market had a gloomy day, with Ethereum (ETH) falling below $1,800.

Investor sentiment was put to the test as a result of the possibility of a regulatory change. The crypto market remains negatively impacted by market concerns about inflation, Fed monetary policy, and inflation.


However, Bitcoin (BTC) rebounded from sub-$28,000 levels to finish the day with a little loss. In the second part of the day, a late comeback, fueled by the NASDAQ 100 breakthrough, provided much-needed support.


The NASDAQ 100's Correlation with Bitcoin is Weakening.


While the NASDAQ 100 provided support for bitcoin, the link between bitcoin and the NASDAQ deteriorated this week.


On Thursday, Bitcoin fell for the second day in a row, while the NASDAQ 100 increased for the second day in a row.


Despite the gloomy attitude in the crypto market, the Fear & Greed Index jumped this morning from 11/100 on May 25 to 12/100.


After rebounding from a Monday 10/100, the Index has been hovering this week. While the Index has remained stable, it is still deep in the "Extreme Fear" zone, indicating investor concern about a crypto sell-off.


Before succumbing to market forces, the Sandbox caught a wave.


The Sandbox (SAND) jumped 9.4% to a day high of $1.5166 in the early Thursday session before falling back into the red.


The announcement of Elvis Presley, the King of Rock and Roll, joining The Sandbox was the catalyst for the breakthrough.


The Sandbox will produce Elvis avatars that will enable users to transform into Elvis Presley in order to create a "immersive and gamified world of Elvis in the metaverse."


The Sandbox, on the other hand, ended the day with a 1.85 percent loss, reversing the morning gains.

The market cap of the top ten cryptocurrencies has dropped by $90 billion, resulting in significant losses.


The broad-based crypto sell-off on Thursday took $90 billion off the crypto market valuation until late support curbed the losses. The entire market capitalization was $1,192 billion at the time of writing, up from a low of $1,153 billion on Thursday.


SOL led the way down in the crypto top 10, falling 9.35 percent.


SOL was joined in the deep red by ADA (-7.00%), BNB (-6.86%), DOGE (-6.08%), and ETH (-7.00%). (-7.73 percent ).


BTC and XRP outperformed the market, sliding 1.08 percent and 3.27 percent, respectively.

Away from the Cryptocurrency Markets

Ex-Binance executives have formed a $100 million fund to invest in Latin American and African Web3 firms.


The markets are watching the Terra remake, with LUNA 2.0 releasing amid market turmoil.


Miami Mayor Francis Suarez said at Davos that he still gets paid in bitcoin, but with a stipulation.


Binance's development proceeded with the signing of a Memorandum of Understanding with the government of Kazakhstan.