australia trade

 Both futures and spot contracts for the yellow metal jumped by about 2% on Tuesday to reach near six-month highs above the key level of 1,800 dollars per ounce as US consumer price data pointed to a persistent slowdown in inflation from 40-year highs. February gold standard futures contracts on the New York Comex exchange were at 1,826.95 US dollars by 10:32 Eastern Time (15:32 GMT), an increase of 34.65 US dollars, or almost 2%. The session high of 1,836.80 dollars was the highest for gold in the comics since June 27, to record a six-month high. The spot price of gold, which is closely followed by some traders, was at 1,814.87 dollars per ounce, up 33.44 dollars, or about 2%. Sunil Kumar Dixit, chief technical strategist at SKCharting.com "for spot gold, at this stage, the area of 1,810 – 1,800 USD – 1,790 USD has become the current spot support zone, and the price movement is heading for the next major resistance and the target of 1,845 USD,"he said. Gold gained about 200 ...

  Small whales are becoming increasingly popular in the cryptocurrency industry, particularly with Bitcoin. Individuals, institutions, and exchanges that own large quantities of a cryptocurrency's tokens are referred to as whales. A whale account, for example, is one that has 1,000 Bitcoins or more in Bitcoin (BTC). Pantera Capital and Fortress Investment Group are two instances of well-known whales. Satoshi Nakamoto, who is alleged to have mined over a million Bitcoins, is another well-known—yet widely speculated—whale. Bitcoin whales are similar to other prominent asset holders in that their actions have disproportionately large effects on the bitcoin market, either through higher volatility, lower liquidity, or a combination of the two. Whales frequently place enormous sell orders on the books that are lower than other sell positions in the market, causing price instability and a chain reaction. When whales take their massive sell orders off the market or cause enough panic sell...

Bitcoin falls as Wall Street stocks fall.   On Monday, bitcoin fell to its lowest level since July 2021, falling in lockstep with sagging US stock markets on fears about the Federal Reserve's aggressive tightening policy.   &nbsp Bitcoin, the world's most valuable cryptocurrency by market capitalization, fell to $30,331.28 for the fifth straight session. Bitcoin was last trading at $30,724, down 9.8%. &nbsp The S&P 500 index fell to its lowest level since April 2021 on Monday, owing to falls in mega-cap growth stocks. The Nasdaq was down more than 3%, while Apple (AAPL.O) was down more than 3% and was the Nasdaq and S&P 500's heaviest weight.   &nbsp Hiro's chief executive officer, Alex Miller, says "Market volatility is caused by speculation. Because bitcoin is so speculative, its price, as well as the rest of the crypto market, is falling in lockstep with the rest of the market."   &nbsp Hiro creates developer tools for...

Bitcoin is expected to reach $28,000, according to Peter Brandt.  This is not investment advice; instead, it is offered for informational reasons only. It does not necessarily reflect U.Today's viewpoint. Because every investment and every trade has risk, you should always conduct your own research before making any decisions. We do not advise investing funds that you cannot afford to lose. Bitcoin might reverse course, according to a famous trader with over 50 years of expertise, and fall below $30,000. The trader speculated that the next reversal might see the price sink below the rising channel. Since the middle of February, the trader has been using a very frequent pattern that Bitcoin has been creating. The channel's completion normally results in a decrease equal to the channel's width, as seen in the diagram. The daily BTC chart shows that it has already left the channel and is currently in free decline, with no substantial support zones built along the way. A...

 The Senate Building in Mexico City now has a Bitcoin ATM (Report) The Senate building in Mexico City is home to the country's 14th Bitcoin ATM. Another Bitcoin Automated Teller Machine (ATM) has apparently been installed in Mexico City, this time in the Senate building. Some local leaders, like Miguel ngel Mancera, were reportedly behind the action. The Senate's Front Door has a Bitcoin ATM. According to local reports, the Mexican government built the 14th Bitcoin ATM at the Senate building in Mexico City, indicating that the digital asset would be used again in the future. Cancun, Tijuana, Guadalajara, and Culiacán are among the cities with the remaining 13 such devices. It's worth mentioning that the move was pushed through by certain well-known Mexican leaders. Miguel Angel Mancera, the past mayor of Mexico City, is one of them. He believes bitcoin has established itself as a viable rival to major payment networks like PayPal and Visa, and that it is on its way to b...

  As the price of bitcoin continues to fall, Elon Musk mocks legendary investor Warren Buffett's attack on it—and signals that the price will continue to fall.  Tesla is supported by Dogecoin. TSLBillionaire Elon Musk insulted Warren Buffett after the Berkshire Hathaway BRK.Achief executive again attacked bitcoin—during a week in which "bitcoin Jesus" returned to the public realm and listed his top "contenders" for the title of the world's preeminent cryptocurrency. "Haha, he says 'bitcoin' so many times," Musk said in response to a video of Buffett attacking bitcoin on Twitter TWTR, which was shared by crypto-backed venture capitalist Marc Andreessen, who called it "wild" that Buffett can attack bitcoin "while nakedly shilling diabetes"—referring to Buffett surrounding himself on stage with boxes of See's Candies. Warren Buffett and Berkshire Hathaway vice chairman Charlie Munger both used the compan...

 An upstate assemblywoman is battling bitcoin advocates as she defends a measure that would impose a two-year embargo on crypto mining in New York. Assemblywoman Anna Kelles (D-Ithaca) argued on social media over the aim of a bill that would allow the state time to examine the environmental implications of the contentious crypto mining process "My measure does not prohibit the use of cryptocurrency." "It's not even a mining prohibition," Kelles explained. "It's a two-year embargo on bitcoin mining activities at fossil-fuel power facilities." Cryptocurrency mining, or Bitcoin mining, consumes enormous amounts of energy as computers solve complicated math problems and authenticate digital currency transactions. Critics of the bill, which passed the Assembly's Ways and Means Committee on Monday, fear that it would force tech companies out of New York and transfer employment abroad. Opponents, according to Kelles, are deliberately mis...

AN ABSOLUTE PUBLICITY STUNT TO ATTRACT INVESTORS IS THE ETHEREUM MOVIE. Ethereum is preparing its next marketing gimmick to attract more investors. Ethereum has grown in popularity as one of the most widely used cryptocurrencies, putting Bitcoin in serious competition. Ethereum soared to become the second-largest cryptocurrency at a time when Bitcoin was the face and heart of the crypto industry. When the world is busy accepting Bitcoin as its legal tender, Ethereum remains the second-best and is likely to overtake Bitcoin shortly. Because of the increased rivalry among all cryptocurrencies, ETH has developed some of the most profitable services in the industry. Since its introduction in 2015, Ethereum has experienced tremendous growth and has recently experienced numerous significant price fluctuations. However, the difference between Bitcoin and Ethereum is that the latter allows developers to create and power new tools, apps, smart contracts, and non-fungible tokens (NFTs). ...

 Is Bitcoin About to Lose a Key Support Area, and Is $37K on the Way? (Analysis of the Bitcoin Price) The bullish crossover of the 50-day and 100-day moving average lines occurred last week, but Bitcoin failed to maintain its bullish momentum and underwent a market shakeout. Later in the week, the price rallied and attempted to break above the moving average lines again, but was swiftly rejected and fell below $40,000. The next significant support level for BTC is $36K-$37K; if this level fails to hold, the price will most certainly drop to the $30K demand zone. Furthermore, the RSI indicator is currently below 50 points, as well as the long-term resistance trendline, indicating that the bears have retaken control of the market. To achieve higher values, Bitcoin's RSI must break through the declining trendline. The bullish side's 50-day and 100-day moving average lines are the next key resistance levels. The Chart for 4 Hours In the lower timeframes, the $42K support ...

 Every month, this real estate investor mines more than $110,000 in Bitcoin as a side venture. Eng Taing is in the money-making industry. He owns his own private equity business, according to his website, with $250 million in assets under management, invests in real estate, and worked at Apple in data science and analytics — and he got into bitcoin in 2013, long before it was trendy to make even a passive bet on the crypto asset class. Taing now owns and operates 261 personal mining equipment that produce the world's most popular digital currency. "All I care about is generating money," Taing told CNBC. "I put a lot of money into a lot of things." I own a number of residential complexes as well as senior care facilities. "I have GPU mines," says the narrator. From 'plebs' in the mining industry to billions Clients of Compass range from self-described "plebs" who stack satoshis, or "sats," the lowest denomination of b...