EUR/USD 1.16209
-0.410%
Gold 4545.67
-2.292%
Oil 100.978
3.282%
USD/JPY 158.766
0.243%
GBP/USD 1.33180
-0.615%
GBP/JPY 211.449
-0.370%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to Iranian media reports, Iran stated that shipping will return to normal once the instability in the Strait of Hormuz ends.On May 16, in response to the first round of widespread heavy rainfall this year, the State Flood Control and Drought Relief Headquarters Office and the Ministry of Emergency Management continued to organize joint consultations, working with the China Meteorological Administration, the Ministry of Water Resources, and the Ministry of Natural Resources to assess the development of rainfall, flood conditions, and geological disasters. They guided key provinces to take targeted measures to prevent and respond to flash floods, geological disasters, floods in small and medium-sized rivers, and urban flooding. They demanded that flood control and disaster reduction responsibilities be firmly implemented, early warning and response coordination be strengthened, key areas and important infrastructure be closely monitored, evacuation and shelter be decisively organized, and all preparations for rescue and relief be effectively carried out. Based on the consultation and assessment, the State Flood Control and Drought Relief Headquarters activated a Level IV emergency response for flood control in Hubei and Chongqing at 12:00, and maintained the Level IV emergency response for flood control in Guangdong and Guizhou, requiring relevant provinces to make every effort to prevent and respond to heavy rainfall.According to Yonhap News Agency, Samsung Electronics Chairman Lee Jae-yong expressed his deepest apologies for the public concerns caused by internal issues.On May 16th, media outlets reported that SpaceX proposed one of the most radical corporate governance proposals in US history, ensuring Musk wouldnt be fired and offering a trillion-dollar compensation package related to establishing a colony on Mars. In response, Musk stated on social media: "Yes, I need to make sure SpaceX focuses on achieving humanitys transformation into a multiplanetary species and extending consciousness to the stars, not on catering to certain peoples quarterly bonuses. If SpaceX succeeds in achieving this incredibly difficult goal, its value will far exceed the entire global economy by orders of magnitude. This process shouldnt be expected to be smooth sailing."May 16 – The government of the Democratic Republic of Congo (DRC) issued a statement on May 15 saying that the death toll from a new Ebola outbreak in Ituri province in eastern Congo has risen to 80. The DRC Ministry of Health stated that as of that day, a total of 246 suspected cases and 80 deaths had been reported nationwide, with four deaths confirmed by Ebola virus testing. The statement said the DRC National Institute of Biomedical Research confirmed that the outbreak was caused by the Bundibugyo strain of Ebola virus. The first suspected case was a nurse who died in April after receiving treatment at a medical facility in Ituri province. The patient had symptoms including fever, bleeding, vomiting, and severe fatigue.

DOGE Return to $0.100 Hinged on the Fed Despite Musk Support

Jimmy Khan

Feb 02, 2023 15:46

微信截图_20230202113748.png


On Tuesday, Dogecoin (DOGE) gained 8.60%. After losing 1.78% on Monday, DOGE gained 36.95% to $0.0960 before the month's conclusion.


After a choppy start to the day, DOGE fell to an early low of $0.0881 before moving. The price of DOGE increased to a late high of $0.0980 while avoiding the First Major Support Level (S1) at $0.0844.


Prior to easing back, DOGE broke through the First Major Resistance Level (R1) at $0.0926 and the Second Major Resistance Level (R2) at $0.0969.


Tuesday saw a rise of 2.52% for the Shiba Inu Coin (SHIB). SHIB closed the month up 46.34% at $0.00001181, partially correcting a 4.56% decline from Monday.


Following the general market, SHIB dropped to an initial low of $0.00001144 before acting. SHIB rose to a morning high of $0.00001199 after avoiding the First Major Support Level (S1) at $0.00001110. SHIB failed to surpass the First Major Resistance Level (R1) at $0.00001204 and retreated to below that level before gaining late support.

The US Economic Indicators and Elon Musk provided a pre-federal boost

The larger cryptocurrency market was left to give guidance since the Shibarium Network did not release any updates to support a SHIB breakthrough. The Shibarium upgrade continues to be the major factor driving SHIB, and bulls are anticipating a breakout in SHIB due to decreased transaction fees, faster transaction speeds, and higher burn rates.


DOGE, though, appreciated a rally supported by Elon Musk. Investors responded to Elon Musk's demand that DOGE be included to the Twitter payment system. Elon Musk's increased backing and the intentions to include DOGE as a payment option make the November 2022 high of $0.1589 relevant. The lack of activity on Twitter and the demise of FTX had sent DOGE to a low of $0.0660 on December 30.


A positive DOGE outlook is presented by the decreasing FTX contagion risk and the DOGE payment option on Twitter.


The NASDAQ Index and US economic data both played a role in the breakout session. Fears of a hawkish Fed Chair Powell conference later today were allayed by US economic figures. With the US employment rate at 3.5%, which is well below the Fed's 5% mandate, uncertainty yet persists.


Investors may get alarmed if the Fed Chair adopts a hawkish stance and advocates accelerating rate increases at the cost of the US economy.


Network upgrades, however, will continue to be of interest. Investors should follow the Dogecoin Foundation, Elon Musk, and the Shibarium Network on Twitter and the cryptocurrency news wires for developments.



Suggestion