Author: Steven Sahiounie

Ethereum Price Prediction: The Ethereum coin in the daily chart started showing signs of trend reversal during November-December 2022 with the formation of a new higher low in price. Moreover, the peak of April 2023 marked a higher high indicating a change in trend-defining dow theory. This formation of these higher peaks and troughs reflects an established bull trend which may gradually surge the ETH price high-up in the price chart. Connecting the higher lows in the Ethereum price, the daily chart shows two rising trendlines(yellow). The coin price is obtaining strong support at this trendline offering potential buyers to…

The Bitcoin price continues to captivate investors as it holds steady at $26,800.  With this stability, market analysts and enthusiasts are now wondering if $30,000 will be the next target for BTC. In this Bitcoin price prediction, we will explore the factors and predictions surrounding the Bitcoin price and delve into the possibilities of reaching this significant milestone. Bitcoin and Ethereum Face Downward Pressure as Market Sentiment Turns Bearish Bitcoin (BTC), the leading cryptocurrency, is currently under downward pressure as its price struggles to surpass the $27,000 threshold. During the early hours of Saturday morning, both Bitcoin (BTC) and Ethereum (ETH) witnessed declines, falling…

The US Securities and Exchange Commission and Ripple have requested a one-week extension on unsealing the internal deliberations following a speech by former director William Hinman. On Friday, both the SEC and Ripple reportedly filed a request seeking to extend the deadline for the filing of multiple exhibits including the Hinman documents. Later on the same day, District Judge Analisa Torres of the US District Court for the Southern District of New York granted the motion, setting June 13th as the new deadline, according to James Filan, a defense attorney and ex-federal prosecutor who has been closely monitoring. The SEC…

New AI powered meme generation tool AiDoge.com has now passed the $10 million mark in its ongoing presale, now over 70% complete. The meme coin project, which introduces crypto’s first meme-to-earn model, has been generating a buzz in the crypto space. It is raking in funds at a brisk pace, having raised $10,136,059 at the time of writing. And by passing the $10 million milestone the presale has jumped into its 15th stage, meaning the price of AiDoge’s native crypto token $AI is now $0.0000316. Crucially, the presale has less than a third of its target left to raise, which means interested crypto…

The Kuwaiti newspaper Al-Anbaa said, “Citizens and residents traveling from Kuwait abroad, accompanied by gold bars, must obtain a statement issued regarding these bars from the Air Cargo Customs Administration.” And the newspaper stated, quoting an informed source, that it has become noticeable that large quantities of gold have left with travelers during the recent period. And the newspaper added that traveling with gold bars has only one meaning: that the traveler who carries them has turned the value of his money into gold; This is a matter that must be dealt with customs in the context in force in order…

The economic value of the country’s largest single deposit of the precious metal is estimated at almost $28.5 billion Chinese state-run gold producer Shandong Gold Mining announced on Friday that its controlling shareholder had discovered an additional 200 tons of gold resources at the Xiling gold mine in Laizhou in Shandong Province in eastern China. The discovery brings the total cumulative gold reserve of the mine to 580 tons, making it the country’s largest deposit of the precious metal, with an estimated economic value of 200 billion yuan ($28.5 billion). The Xiling gold mine is nearly 2,000 meters long and…

Italy is moving ahead with a sovereign fund to support critical parts of its economy, amid a wider push by several European nations to bring global supply chains closer to home. Italy’s Minister of Enterprises Adolfo Urso announced Wednesday a public-private fund that looks at consolidating “national strategic supply chains” in the areas of raw materials and energy. A diplomatic source in Italy confirmed to CNBC that only high-potential or systemically relevant firms will receive funding. They added that this plan is expected to pass through Parliament before the end of the year. The announcement comes after Ireland, another EU…

Federal Reserve Chair Jerome Powell said Friday that stresses in the banking sector could mean that interest rates won’t have to be as high to control inflation. Speaking at a monetary conference in Washington, D.C., the central bank leader noted that Fed initiatives used to deal with problems at mid-sized banks have mostly halted worst-case scenarios from transpiring. But he noted that the problems at Silicon Valley Bank and others could still reverberate through the economy. “The financial stability tools helped to calm conditions in the banking sector. Developments there, on the other hand, are contributing to tighter credit conditions and are likely to weigh…

The U.S. Federal Reserve may be forced to defy market expectations by raising interest rates aggressively again later this year if sticky inflation and tight labor markets persist, according to Daniele Antonucci, chief economist and macro strategist at Quintet Private Bank. Having hiked by 25 basis points to take the fed funds rate into the 5%-5.25% target range earlier this month, the market is pricing around a 60% probability that the central bank pauses its monetary tightening cycle at its June meeting, according to the CME Group’s Fed Watch tracker of prices in the fed funds futures market. The Fed has been hiking rapidly…

Kiev wants the Black Sea grain deal to be expanded to include more ports and commodities Ukraine will let Russian ammonia pass through its territory only if the renewed Black Sea grain deal allows the country to ship other commodities from more ports, Reuters reported on Friday, citing government sources. This is the first response by Kiev to Moscow’s demand to include ammonia shipments under the agreement. In April, Russian Foreign Minister Sergey Lavrov issued Moscow’s demands that a pipeline built to deliver Russian ammonia to a Ukrainian Black Sea port be unblocked, and the financial operations of Russian fertilizer companies be…