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    Best Book Recommendation Apps

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    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

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

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

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    Enhance your omnichannel service strategies with data-driven insights.

    Black Market for Fraudulent Ad Accounts Found on Facebook

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    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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    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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    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

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    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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Bitcoin loses steam, Ether continues run higher in Asia afternoon trading

by Staff Writer
August 9, 2022
in Business
Reading Time: 2 mins read
closeup of golden cryptocurrency coins
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Bitcoin fell back in late afternoon trading on Tuesday in Asia, losing steam after a run up of more than 4% in the past seven days. Ethereum continued its rally amid the buzz around the so-called “merge” when it shifts from proof-of-work to proof-of-stake, gaining more than 12% week-on-week. Polkadot and Solana fell back after starting the week stronger.

See related article: Markets: Bitcoin, Ethereum gain amid broad crypto rally; Polkadot jumps

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Fast facts

  • Bitcoin changed hands at US$23,826 as of 4:30 p.m. in Hong Kong, off 0.21% in the prior 24 hours. Ethereum gained 2.35% to US$1,772, according to data from CoinMarketCap.
  • Solana reversed gains from the morning and dipped 0.56%. Polkadot followed the same track and lost 0.85%. 
  • Dogecoin, the 11th largest coin by market cap, gained 2.92%. 
  • The total cryptocurrency market cap stood at US$1.12 trillion, up from US$1.05 trillion a week ago, CoinMarketCap data showed.
  • Asian equity markets were little changed amid uncertainty about China’s economy, Taiwan and the direction the U.S. Fed may take with interest rates. The Shanghai Composite index closed up 0.32%, with the Hong Kong Hang Seng index edging down 0.17% and the Nikkei 225 index losing 0.88%.
  • Andrew Sullivan, a market analyst and former equities broker, said investors are unsure which way to move regarding the state of the U.S. economy and what the Fed will do next. 
  • He said more interest rate increases by the Fed could benefit Bitcoin. Some investors do look at cryptocurrencies as being a hedge of sorts in these environments and a safer place to be sitting in the meantime, he said. 

See related article: Crypto lender Hodlnaut halts withdrawals, ends token swap feature

Source by forkast.news

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