US Dollar Slump Incoming: Bank of America Sees ‘Death Cross’ as Confidence in Gold Rises

US Dollar Slump Incoming: Bank of America Sees 'Death Cross' as Confidence in Gold RisesThe US dollar is increasingly being viewed in a negative light by investors. Bank of America analysts are seeing a “Death Cross,” a bearish technical formation suggesting that a period of dollar weakness is coming. Meanwhile, confidence in gold has been rising. Investors Losing Confidence in US Dollar Investors are increasingly viewing the U.S. dollar […]

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Mining Company Ebang’s Stock Listed on Nasdaq Down 11%, Firm Plans to Launch Offshore Exchange

Mining Company Ebang's Stock Listed on Nasdaq Down 11%, Firm Plans to Launch Offshore ExchangeThe bitcoin ASIC mining rig manufacturer, Ebang International Holdings, was recently listed on Nasdaq last Friday on June 26. Ebang is now the second mining rig manufacturer to have a U.S. initial public offering (IPO) by selling company shares. Since the initial sale on opening day, Ebang’s Nasdaq-listed “EBON” is down 11.5%. So far, the […]

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Bitcoin’s Rise Driven by Institutional Trading, Says Research and Investor Sentiment

Bitcoin's Rise Driven by Institutional Trading, Says Research and Investor SentimentThe cryptocurrency bitcoin is trading at an all-time high relative to its social activity, explains the crypto research firm Tie. The analysts at Tie believe the ratio indicates that bitcoin is being driven by institutional trading. Meanwhile, statistics from Google Trends shows the terms “bitcoin” and “buy bitcoin” dropped from the 100 point highs to […]

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