Bitcoin’s price fell to $95,000 after a $1.5 billion hack of ByBit, impacting the entire crypto market. Ethereum dropped to $2,621, while Solana fell over 7% to below $160. Amidst the turmoil, altcoins like RAY and ENA saw significant losses, while TFUEL and Sonic emerged as top gainers. The global crypto market cap decreased by 1.22% to $3.14 trillion.
about Bitcoin Drops to 95000 as Altcoins Face Significant Losses
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Top Technology Stocks to Consider Amid Geopolitical and Market Challenges
Taiwan Semiconductor Manufacturing, a leader in the semiconductor industry, faces geopolitical risks despite its strong market position and growth potential, producing 64% of the world’s chips. Meanwhile, Alphabet is investing heavily in AI, which may impact its cash flow but supports long-term growth, as it continues to generate significant free cash flow. SentinelOne, a cybersecurity firm, is gaining attention for its AI-powered technology, despite being undervalued compared to peers, indicating potential for future growth.
about Top Technology Stocks to Consider Amid Geopolitical and Market ChallengesTechnical Indicator Signals Potential Pullback for Maker MKR Altcoin
A technical analysis indicates that Maker (MKR) may be due for a pullback, as the Tom DeMark Sequential indicator has flashed a bearish signal on its 12-hour chart. Currently trading at $1,441, MKR has seen a nearly 1.5% decline in the past 24 hours but is up 45% over the last week.In related news, crypto whales have been actively accumulating Ethereum (ETH) and XRP, purchasing 140,000 ETH and over 20 million XRP in the last 24 hours. Sonic (S), formerly known as Fantom, is also under observation as it appears to be entering a new market phase.
about Technical Indicator Signals Potential Pullback for Maker MKR Altcoin