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Cardano (ADA) struggles to hold its ground: is another drop on the way?
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Trending Industry Today: Bitdeer Technologies Leads Gains In Crypto Stocks
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The tightening of the American Financial environment puts pressure on altcoins as they bottom out, waiting for a rebound.
In the short term, continuing to observe or buying on dips is a relatively stable strategy.
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B.Riley Financial Maintains Bitdeer Technologies(BTDR.US) With Buy Rating, Raises Target Price to $24
The Dow barely ended its longest continuous decline in 50 years, Micron fell by 16%, the US dollar reached a two-year high again, and US bonds, oil, and Bitcoin all dropped.
U.S. stock market's other Indexes turned down towards the end, Tesla rose by nearly 4% before closing down, NVIDIA reached a high of 4%, and Micron Technology had its steepest decline in five years. The yield on the 10-year U.S. Treasury bonds briefly increased by nearly 10 basis points approaching 4.60%, close to a seven-month high, while short-term bond yields fell, with the 2/10-year yield spread at its widest in two and a half years. The Bank of England held rates steady, but more officials supported a rate cut, leading to a decline in the British Pound. The Governor of the Bank of Japan suppressed interest rate hike expectations, causing the yen to fall towards 158, and the offshore renminbi briefly dropped below 7.32 yuan to its lowest in 15 months. Bitcoin fell by 5%, approaching $0.096 million. Spot Gold rose by 1.6% before narrowing back below $2,600, while the futures silver fell by 5%, and U.S. crude oil fell below $70.
B. Riley Adjusts Bitdeer Technologies Group's Price Target to $24 From $15, Keeps Buy Rating
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