“Altcoins Also Posted Losses Tuesday as Profit-Taking and Weakness in Tech Stocks Dragged Crypto Markets Lower.”, – WRITE: www.coindesk.com
The Crypto Asset Fell About 1% Over The Past 24 Hours, Trading at $ 106.175 AT Press Time As Traders Took Profits After Ending June Above the $ 107,000 For Its Highest-Ever MONTHLY CLOS
Sentiment Equally Sourda in equities with Shares of Tesla (Tsla) and nvidia (NVDA) Both Taking Heavy Losses, Dragging The Nasdaq Lower by About 0.6%. Tesla Was Lower by 5.4% in Afternoon Trade After the Donald Trump/Elon Musk Spat Re-Erupted Alongside the Momentum for Passage of the Gop’s Spending Bill.
Majoor Altcoins Including Solana
Cardano
and Avalanche
Posted Steep Decklines, Adding to a Broader Downturn Across The Crypto Space. Sol Led The Way With A 6% Decline Following Yesterday’s Spike Higher on News of ImMinent Launch of An Etf.
Powell Repeats Vow to Stay PatientSpeaking in Europe at an ECB Event, Federal Reserve Chairman Jerome Powell Repeated Recent Comments Abouts About the US Economy Being in A Good Spot, Thus Allowing for Patience As The Central Bank Mullk Mullk Mullk Mullk Mull.
Powell’s Comments Tuesday Were of Particular Import Given What’s Now A Clear Split Between Him and at Least Two of Other Fed Members, Both of Wom Wound Like. Powell Did Alow that a rate cut this month isn’t off the table, but Gave Little Indication He’s Considering EASING policy in july.
Thanks to the July 4 Holiday, The Government’s Employment Report for June Will Be Released On Thursday this Week. Economists Are Expecting Jobs to Have Grown by 110,000 in June Versus 139,000 The Previous Month.
A Sizable Delta Below that 110,000 Level Could Quickly Change Sentiment About the Fed’s July Decision.
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