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AUD/USD plummets to fresh four-month lows below 0.6400
The US Dollar strengthened ahead of the weekly close on the back of mixed data. The Reserve Bank of Australia will announce its decision on monetary policy next week. AUD/USD fell to its lowest since August, maintaining the bearish pressure. The US Dollar (USD) soared in the last trading session of the week, with the AUD/USD pair falling towards 0.6380, a level last seen in August. Without data releases in Australia, the market focused on the United States (US) macroeconomic developments. Mixed employment figures initially weighed on the USD, but a better-than-anticipated preliminary estimate of the US Consumer Sentiment Index...
Breakout Alert! SUI Price Prediction for August 2024
Sui (SUI), the layer 1 blockchain is making waves in the realm of cryptocurrency due to its impressive performance in recent days. Today on August 11, 2024, SUI has once again topped the crypto market with a notable price surge of over 11% in the last 24 hours. Why SUI Price is Increasing? This remarkable price surge was potentially caused by yesterday’s significant 92% rise in SUI’s open interest and the Grayscale announcement on August 8, 2024. In addition to this, the recent breakout also plays an important role in the price surge. On August 9, 2024, SUI gave a...
3 New Cryptos Launched This Week to Keep an Eye On
Among the numerous coin launches this week, two on Solana and one on Base have captured notable attention. PRAWN leads with a $25 million market cap and 92,000 daily transactions. CHAOS sustains a $16 million valuation despite recent volatility. Meanwhile, TETSUO has gained momentum with 12,000 holders and $5.8 million in daily volume. All three coins demonstrate promising growth potential based on technical indicators. Pepe The King Prawn (PRAWN) PRAWN, a recently launched Solana-based meme coin, has quickly gained traction in the cryptocurrency market, achieving a $25 million market capitalization in less than 48 hours. The coin has demonstrated remarkable...
