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Iranian Rapid Oil Comeback Looks Less Likely After Tanker Attack
Iranian Rapid Oil Comeback Looks Less Likely After Tanker Attack

Iran’s oil comeback, already taking longer than many traders expected, will be further complicated by last week’s deadly drone attack on a tanker in the Gulf of Oman, which the U.S., U.K. and Israel all blamed on Tehran.

Marathon Digital Holdings Purchases 30,000 S19j Pro Bitcoin Miners from Bitmain
Marathon Digital Holdings Purchases 30,000 S19j Pro Bitcoin Miners from Bitmain

LAS VEGAS, Aug. 02, 2021 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), one of the largest enterprise Bitcoin mining companies in North America, has entered into a contract with Bitmain to purchase an additional 30,000 Antminer S19j Pro (100 TH/s) miners for $120.7 million.

Oil Rebounds After Industry Report Shows Shrinking U.S. Supplies
Oil Rebounds After Industry Report Shows Shrinking U.S. Supplies

Oil rebounded in post-market trading after an industry report showed declining U.S. inventories.

Amazing : GameStop (GME) Outpaces Stock Market Gains: What You Should Know
Amazing : GameStop (GME) Outpaces Stock Market Gains: What You Should Know

In the latest trading session, GameStop (GME) closed at $183.94, marking a +1.98% move from the previous day. This move outpaced the S&P 500's daily gain of 0.24%.

Bitcoin below $7.000? What will happen to the cryptocurrency rate?

The leading digital coin left the red zone this morning and is now showing a slight increase in price. However, NewsBTC analysts Ayash Jindal and Martin Young believe that the positive trend will not last long.


The leading digital coin left the red zone this morning and is now showing a slight increase in price. However, NewsBTC analysts Ayash Jindal and Martin Young believe that the positive trend will not last long.

On Monday, October 14, Bitcoin went up 0.08% to $8350. NewsBTC experts believe that the position of the first cryptocurrency is precarious. The coin may face stiff resistance at the levels of $8350 - $8400. Analyst Martin Young does not rule out that a support gap could lead to a fall to a maximum of $7.000.

 

On Friday, Bitcoin managed to rise to the $ 8700 price mark; however, it did not hold its position, and on the weekend it dropped $ 8280. The “death cross" loomed on the daily chart; a strong decline in prices may occur already next weekend if consolidation continues. The last time a 50-day moving average fell below the 200-day MA in March 2018, after which a bearish trend was observed in the market for about a year.

 

According to Ayash Jindal, the first cryptocurrency needs to rise above $ 8500 in order to return positive dynamics and continue to grow. If, in the near future, Bitcoin does not reach this mark, then there is a possibility of a depreciation to $ 8146.

 


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