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    Best Book Recommendation Apps

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    Black Market for Fraudulent Ad Accounts Found on Facebook

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    Trump’s TikTok ban might have been right after all

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    Best Book Recommendation Apps

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    How to Quickly Divide or Split PDF Files

    Enhance your omnichannel service strategies with data-driven insights.

    Black Market for Fraudulent Ad Accounts Found on Facebook

    Sen. Mark Warner and Sen. Marco Rubio at a hearing.

    Trump’s TikTok ban might have been right after all

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    6 Android Apps for Budget Management

    Twitter, Facebook, Lyft layoffs spark fears of dotcom crash 2.0

    Facebook layoffs are a reminder that your job won’t love you back

    Facebook layoffs are a reminder that your job won’t love you back

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    Pixel Watch in the test

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    US midterm results latest: Republicans win 218 seats to take House as Kevin McCarthy wins initial GOP speaker vote

    US midterm results latest: Republicans win 218 seats to take House as Kevin McCarthy wins initial GOP speaker vote

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    Discover the Top Five GBA Emulators for iOS 15!

    Discover the Top Five GBA Emulators for iOS 15!

    Discord on Xbox is dropping its reliance on your phone

    Xbox rolls out official support for Discord, Lightstream, and Streamlabs

    Samsung brings Xbox Cloud Gaming and GeForce Now to 2021 sets

    Samsung brings Xbox Cloud Gaming and GeForce Now to 2021 sets

    Virtual Gaming Revolution Continuing To Develop

    Virtual Gaming Revolution Continuing To Develop

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    How to Set Custom Shortcuts for Xbox Game Bar in Windows

    Asus' ROG Flow Z13 is a Surface for gaming

    Asus’ ROG Flow Z13 is a Surface for gaming

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    Best Book Recommendation Apps

    11 Best Book Recommendation Apps

    How to quickly divide or Split PDF files

    How to Quickly Divide or Split PDF Files

    Enhance your omnichannel service strategies with data-driven insights.

    Black Market for Fraudulent Ad Accounts Found on Facebook

    Sen. Mark Warner and Sen. Marco Rubio at a hearing.

    Trump’s TikTok ban might have been right after all

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    6 Android Apps for Budget Management

    Twitter, Facebook, Lyft layoffs spark fears of dotcom crash 2.0

    Facebook layoffs are a reminder that your job won’t love you back

    Facebook layoffs are a reminder that your job won’t love you back

    Facebook Reels app on a smartphone on a yellow background

    How to Hide Reels on Facebook

    6 Android Apps for Budget Management

    Meta lays off 11,000 workers as it faces competition from TikTok

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    Best Book Recommendation Apps

    11 Best Book Recommendation Apps

    How to quickly divide or Split PDF files

    How to Quickly Divide or Split PDF Files

    Enhance your omnichannel service strategies with data-driven insights.

    Black Market for Fraudulent Ad Accounts Found on Facebook

    Sen. Mark Warner and Sen. Marco Rubio at a hearing.

    Trump’s TikTok ban might have been right after all

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More

    6 Android Apps for Budget Management

    Twitter, Facebook, Lyft layoffs spark fears of dotcom crash 2.0

    Facebook layoffs are a reminder that your job won’t love you back

    Facebook layoffs are a reminder that your job won’t love you back

    Facebook Reels app on a smartphone on a yellow background

    How to Hide Reels on Facebook

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    Meta lays off 11,000 workers as it faces competition from TikTok

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Bitcoin price crosses US$22,000, Fed cools recession fears

by Staff Writer
July 10, 2022
in Crypto
Reading Time: 2 mins read
Christopher Waller
Share on FacebookShare on Twitter

The crypto market gained along with traditional markets overnight in Asia as investors responded to updated guidance on Thursday from U.S. Federal Reserve officials claiming recessionary concerns are overblown.

See related article: Bitcoin, Ether recover as Fed guidance reduces policy uncertainty

READ ALSO

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FTX collapse: The latest updates on the cryptocurrency crisis

FTX collapse: The latest updates on the cryptocurrency crisis

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Fast facts

  • Bitcoin gained 8% to trade above US$22,000 in the past 24 hours leading to press time for the first time since June 16, as the crypto market capitalization surpassed US$1 trillion, according to CoinGecko data.
  • Both the Dow Jones Industrial Average and the S&P 500 Index closed trading yesterday up more than 1% and the Nasdaq Composite Index closed 2.3% higher, ending four consecutive days of gains — the longest streak since March.
  • Fed Board of Governors member Christopher Waller backed another 75-basis point interest rate hike this month and a 50-basis point rise next month to combat inflation, in his address to the National Association for Business Economics on Thursday.
  • St. Louis Fed President James Bullard echoed Waller’s sentiments, but both officials downplayed recessionary fears, with Bullard saying there was a “good chance” of a soft economic landing.
  • Crypto and traditional markets have been hit in recent months with concerns of rising inflation, looming recession, uncertainty caused by the war in Ukraine, and a growing list of crypto firms lining up for bankruptcy. 

See related article: Three Arrows, Voyager failures raise questions of who is next in crypto fall from grace

Source by forkast.news

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