Bitcoin price fell about 2% on August 14, dropping below the key $63,000 support level to an intraday low near $62,667. This decline was driven by a large trader increasing a short position worth $125 million, weak institutional demand as U.S. Bitcoin ETFs saw net withdrawals, and overall bearish momentum in the market. Technical indicators show selling pressure with immediate support around $62,200 to $62,700, while resistance lies near $64,100 and above. Analysts warn that if Bitcoin fails to hold support, it could test lower levels near $61,500, but a recovery above $64,100 could trigger short-covering rallies.
Yvonne Wassenaar, a director at Rubrik, sold 721 shares at a price of $75 each just before the company's stock experienced a significant rally. This sale occurred ahead of the stock's upward movement, which may be of interest to investors tracking in...
Bill Ackman's investment firm Pershing Square has re-entered Netflix stock four years after selling it at a $400 million loss. This move signals a shift in Ackman's outlook on the streaming industry amid his funds trailing the market this year. Along...
British energy company BP has secured a license to develop the second phase of Venezuela's offshore Loran gas field, partnering equally with Abu Dhabi's XRG and Qatar's UCC Oil & Gas Holding. This move signals a return of international energy firms t...
Applied Materials reported Q3 revenue of $9.12 billion, up 25% year-over-year, beating estimates, with adjusted EPS of $3.50, a 41% increase. The company gave a strong Q4 revenue forecast of $10.25 billion, well above expectations, driven by growth i...
Nvidia shares are rising again, driven by strong AI demand and anticipation for the new Vera Rubin GPU technology, which is significantly more efficient. Hyperscalers and major tech firms are increasing their capital expenditures to secure Nvidia's a...
