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Thursday's rally to a new 13-month high of $31,800 has now more than been fully nullified.
The latest price moves in crypto markets in context for July 18, 2023.
Reddit changed its Terms of Service recently where it now explicitly allows for trading Reddit's tokenized Community Points, one observer said while explaining the price rally.
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The sale comes a day after ARK sold $50.5 million of the crypto exchange’s stock.
PLUS: A day in the life of Binance’s head of law enforcement training – petty crooks, fake subpoenas, and dodging politically sensitive requests.
The jobs market remains strong, a concern for the U.S. central bank which seems intent on raising the Federal Funds rate 25 basis points.
Ripple's XRP, Solana's SOL and Lido Finance's LDO lost more than 4% in the last 24 hours.
Wall Street banks including J.P. Morgan also saw the ruling as a positive outcome for the crypto exchange.
A U.S. bankruptcy court previously granted the crypto lender permission to sell its altcoin holdings for bitcoin and ether starting in July.
- 00:02Spot gold stands at 3160 US dollars, continuing to create a new historical highGolden Finance reports that spot gold in the Asian market stood above $3160/ounce in the early trading, continuing to set a new historical high, with an intraday increase of 0.85%.
- 00:01The dollar index has fallen below the low point when Trump announced comprehensive tariffs, currently reported at 103.24Golden Finance reports that the US dollar index DXY has resumed its downward trend, falling below the low point when Trump announced comprehensive tariffs. The latest report is 103.24, which was above 104 at the highest when equivalent tariffs were announced.
- 2025/04/02 23:47Analyst: There are fundamental contradictions in Trump's tariff planGolden Finance reports, market analyst Allison Morrow stated that for Trump, who promised to lower consumer prices on the first day of his campaign, his first major economic move is a set of policies that are almost guaranteed to have the opposite effect. Tariffs will raise prices, suppress economic growth, and make it more likely for America to fall into recession. Those criticizing tariffs worry about the fundamental contradiction in Trump's plan; he sees tariffs as a panacea that can restore American manufacturing strength, rebalance trade and bring in large amounts of money to help America repay its deficit and alleviate Americans' tax burden. Although tariffs can achieve some of these goals, they cannot accomplish all at once.