Cryptocurrencies market sentiments are weak today with Bitcoin falling below $110k, pressured by sell-off on Wall Street, where technology stocks lead the decline. Not only Bitcoin, but other crypto also loses. For example, despite Gucci luxury house announcing accepting payments in Dogecoin (DOGE) at select stores in the United States, the price of the token is falling more than 3% today, as broader crypto sentiments weaken. Technically Dogecoin price fell below EMA200 (the red line) and EMA50 (the orange line) signalling possible trend reversal if bearish pressure persist.
Source: xStation5
Daily Summary: 📉 A Red Day Across Markets. AI Sector Weighs on Wall Street, Precious Metals Under Pressure
US Open: Blood on Wall Street as Semiconductor Sector Extends Correction
Wheat futures hit two-year high 🔼 Russian exports at risk
Cocoa rises on a wave of rebounding demand in Asia. Europe remains in retreat
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
