Connect with us

Published

on

Major cryptocurrencies traded in the red on Wednesday evening as the Federal Open Market Committee (FOMC) meeting on June 14 unveiled a solid consensus among board members in favor of further interest rate hikes in 2023.CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EDT)Bitcoin BTC/USD -1.31%$30,422Ethereum ETH/USD -1.85%$1905Dogecoin DOGE/USD -3.15%$0.066

What Happened: Based on economic projections from participants, it is widely agreed that there will be a need for continuous increases in the target federal funds rate throughout 2023.

BTC, after reaching a peak of over $31,000 in mid-June due to several spot bitcoin ETF filings, has shown resilience against potential price catalysts despite the renewed optimism among investors.

Top Gainer (24 Hour)CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EDT)Solana+1.97%$19.59Filecoin+1.89%$4.66Bitcoin Cash+0.81%$279

At the time of writing, the global crypto market capitalization stood at $1.19 trillion, a decrease of 1.66% over the last day.

US stocks experienced a decline on Wednesday as the market returned from a shortened holiday week. The S&P 500 witnessed a 0.2% decrease, while the Nasdaq Composite slipped by 0.18%.

See More: Best Crypto Day Trading Strategies

Analyst Notes: According to crypto analyst Michael Van de Poppe, he suggests keeping an eye on the current area of Bitcoin as Altcoins are undergoing corrections and entering long territories. "Will see tomorrow and Friday [will be important] unemployment dates. If youd want to look for longs, this is the region, otherwise $28.5K," he said.

Pseudonymous analyst Dave the Wave said Bitcoins monthly moving average convergence divergence (MACD) indicator is showing a long-term bullish trend. "If the monthly MACD indicator suggested the top of the market at the end of 2021, which was then confirmed with subsequent price action, at a time when most were still in the throes of uber-bullishness, then doesn't this then add extra weight or veracity to the metric now suggesting (if not confirming) a recovery in price on its path back toward higher prices?"

For those unfamiliar, the MACD is a popular momentum indicator used by traders to spot potential trend reversals. Dave, relying on past experiences, claims that the MACD has proven to be a reliable indicator for Bitcoin in the past.

Another pseudonymous analyst TechDev said that Bitcoin is on the cusp of a significant surge comparable to historical cycles in 2016 and late 2020. To support his claim, TechDev shares a chart.

The chart indicates that BTC has successfully broken through a diagonal resistance, retraced to test a horizontal support level, and now appears poised for an upward momentum mirroring patterns seen in previous market cycles. "Bitcoin sure looks to be building a macro parabola. Question is whether this one will be steeper like late 2020, or shallower like early 2016," he said.

On-chain analytics firm, Santiment, has observed that despite the reduced interest levels, Solana may not be exhibiting the same industry-leading development activity that crypto traders enjoyed in 2021, reflected by the absence of $250+ price levels. However, it is noteworthy that over the past 3 weeks, SOL has experienced a 35% surge.

Read Next: Jim Cramer Advises Against Using Binance, Provokes Strong Reactions From Twitter Users

Continue Reading

Politics

Banking Committee chair sets September goal for market structure bill

Published

on

By

Banking Committee chair sets September goal for market structure bill

Banking Committee chair sets September goal for market structure bill

After passing the GENIUS stablecoin bill, Republican leadership on the Senate Banking Committee has turned its sights to digital asset market structure.

Continue Reading

Environment

Podcast: Xiaomi shocks with YU7, Tesla Robotaxi launch, Rivian brings back tank mode, and more

Published

on

By

Podcast: Xiaomi shocks with YU7, Tesla Robotaxi launch, Rivian brings back tank mode, and more

In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss Xiaomi shocking the industry with YU7, Tesla’s Robotaxi launch, Rivian bringing back tank mode, and more.

The show is live every Friday at 4 p.m. ET on Electrek’s YouTube channel.

Today, the episode is live at 12:15 a.m instead due to Fred’s travels in China and Seth’s in.

As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.

Advertisement – scroll for more content

After the show ends at around 5 p.m. ET, the video will be archived on YouTube and the audio on all your favorite podcast apps:

We now have a Patreon if you want to help us avoid more ads and invest more in our content. We have some awesome gifts for our Patreons and more coming.

Here are a few of the articles that we will discuss during the podcast:

Here’s the live stream for today’s episode starting at 12:15 a.m. ET (or the video after 1 a.m. ET):

FTC: We use income earning auto affiliate links. More.

Continue Reading

World

Japan executes ‘Twitter killer’ who murdered and dismembered nine people

Published

on

By

Japan executes 'Twitter killer' who murdered and dismembered nine people

A man guilty of murdering nine people, most of whom had posted suicidal thoughts on social media, has been executed in Japan.

Takahiro Shiraishi, known as the “Twitter killer”, was sentenced to death in 2020 for the 2017 killings of the nine victims, who he also dismembered in his apartment near Tokyo.

His execution was the first use of capital punishment in the country in nearly three years and it was carried out as calls grow to abolish the measure in Japan since the acquittal of the world’s longest-serving death-row inmate Iwao Hakamada last year.

He was freed after 56 years on death row, following a retrial which heard police had falsified and planted evidence against him over the 1966 murders of his boss, wife and two children.

Eight of Shiraishi’s victims were women, including teenagers, who he killed after raping them. He also killed a boyfriend of one of the women to silence him.

Follow The World
Follow The World

Listen to The World with Richard Engel and Yalda Hakim every Wednesday

Tap to follow

Police arrested him in 2017 after finding the bodies of eight females and one male in cold-storage cases in his apartment.

Investigators said Shiraishi approached the victims via Twitter, offering to assist them with their suicidal wishes.

More on Japan

Read more from Sky News:
Vietnam veteran executed after almost 50 years on death row
‘Great progress’ made in Gaza ceasefire talks, says Trump

Justice Minister Keisuke Suzuki, who authorised Shiraishi’s hanging, said he made the decision after careful examination, taking into account the convict’s “extremely selfish” motive for crimes that “caused great shock and unrest to society”.

“It is not appropriate to abolish the death penalty while these violent crimes are still being committed,” Mr Suzuki said.

There are currently 105 death row inmates in Japan, he added.

Continue Reading

Trending