Bitcoin is trading near its 200-week moving average (200WMA) at around $62,730, a key long-term support level last touched during major bear markets. ETF holders face about 14% unrealized losses with an average cost basis near $72,400, and roughly $10.5 billion has exited Bitcoin ETFs since October 12, marking the deepest drawdown for this sector. If Bitcoin fails to hold the 200WMA, the next significant support level is the Realized Price near $53,000–$54,000. Historically, the 200WMA acts as a psychological and technical floor, often followed by a recovery rally within 12 to 24 months, but the current cycle's outcome remains uncertain.
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
