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Bitcoin Hits New All-Time High 🚀
The
Daily Trade
Hey Daily Traders,
President Donald Trump's latest tariff threats targeting the European Union and smartphones have stirred uncertainty in the stock market, leading to a sharp selloff in tech stocks like Apple. This move, aimed at renegotiating trade deals, has prompted the EU to prepare countermeasures, potentially affecting $321 billion in trade as both sides brace for tense negotiations.
Meanwhile, Bitcoin has soared to a new all-time high, surpassing $111,000, fueled by supportive regulatory developments and increased investor confidence. The passing of key legislation in the U.S. and growing institutional adoption have contributed to the bullish sentiment, with experts predicting even higher future valuations, reflecting Bitcoin's expanding role in mainstream finance.
Here's what's happening today:
- 📱 Trump threatens EU, smartphones with tariffs
- 💰 Bitcoin soars past $111K amid strategic moves
- 🏗️ George Floyd Square redevelopment plans continue
- 🎁 +10 more business & investing news stories you might like
- 📊 +4 technical analysis results
Question
With Bitcoin reaching new heights, do you see yourself investing in cryptocurrencies, or do you remain cautious about their volatility and regulatory uncertainties?
Reply to this email with your answer
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Stock Market ![]() President Donald Trump has intensified his trade war rhetoric by threatening to impose a 50% tariff on the European Union and a 25% charge on smartphones manufactured abroad. This move has caused uncertainty in the markets, with tech stocks like Apple experiencing a significant selloff. Trump argues that these tariffs are necessary to negotiate better trade deals for the U.S., despite concerns they could lead to higher consumer prices. Trump's administration is pushing for foreign companies to absorb the tariff costs or relocate manufacturing to the U.S. However, the European Union is preparing countermeasures, potentially impacting $321 billion worth of trade. The situation remains tense as both sides prepare for upcoming negotiations, with European leaders expressing disappointment over the escalating trade tensions. Key Takeaway
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Crypto ![]() Bitcoin has reached a new all-time high, surpassing $111,000, driven by favorable regulatory developments and increased investor confidence. The passing of Texas' strategic Bitcoin reserve bill and progress on the GENIUS Act for stablecoins have bolstered market optimism. These legislative moves signal a pro-crypto stance in the U.S., potentially paving the way for clearer industry guidelines. Additionally, the adoption of Bitcoin by companies like Sweden's H100 and the anticipation of further institutional investment contribute to the bullish sentiment. Industry experts predict even higher valuations for Bitcoin, with some projecting a future price range between $500,000 and $1 million. The current surge reflects growing acceptance and integration of Bitcoin into mainstream financial strategies. Key Takeaway
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Real Estate ![]() Five years after George Floyd's murder, Minneapolis continues to grapple with the future of George Floyd Square. Several nonprofits are vying to redevelop the area, known as the 'People's Way,' which remains a symbol of the city's racial justice movement. The site has transformed from a protest epicenter into a space for ongoing community activism and debate over its future. As the city prepares to select a developer, the community remains divided. Some advocate for memorializing the protest and its impact, while others push for economic revitalization of the historic Black business district. The decision is expected to influence the area's development and the broader conversation on racial justice and urban renewal. Key Takeaway
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More Business & Investing news
- ✈️ United Airlines faces Newark Airport congestion (Link)
- ⛏️ Utah uranium mine approved after quick review (Link)
- 🥩 Record beef prices affect Memorial Day costs (Link)
- ✈️ Senators urge DOJ to prosecute Boeing (Link)
- 🏡 Affordable housing project starts in Arizona (Link)
- 💸 Detroit USPS workers charged in $63M fraud (Link)
- 💰 Arizona duo earns $8B post-tariff chaos (Link)
- 🍽️ Trump hosts exclusive crypto dinner (Link)
- 🏫 New career learning center opens in Kalamazoo (Link)
- 🚗 Mercedes-Benz moves jobs to Atlanta (Link)
Today's Technical Analysis
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Sell | ULTOSC Sell | STOCH Sell |
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Sell | ULTOSC Sell | STOCH Hold |
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Hold | ULTOSC Sell | STOCH Sell |
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Hold | ULTOSC Sell | STOCH Sell |
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Technical Indicator Information
Relative Strength Index (RSI) | Period: 14 days | Overvalued threshold: 70 | Undervalued threshold: 30
Money Flow Index (MFI) | Period: 14 days | Overvalued threshold: 80 | Undervalued threshold: 20
Williams Percent Range (WillR) | Period: 14 days | Overvalued threshold: -20 | Undervalued threshold: -80
Aroon Oscillator (AO) | Period: 14 days | Overvalued threshold: 75 | Undervalued threshold: -75
Moving Average Convergence/Divergence (MACD) | Period: 26/12/9 days | Overvalued threshold: MACD crosses below MACD Signal | Undervalued threshold: MACD crosses above MACD Signal
Stochastic Oscillator (STOCH) | Period: 14/3/3 days | Overvalued threshold: %K crosses below %D above 80 | Undervalued threshold: %K crosses above %D below 20
Commodity Channel Index (CCI) | Period: 20 days | Overvalued threshold: 100 | Undervalued threshold: -100
Bollinger Bands (BBANDS) | Period: 20 days | Overvalued threshold: price >= upper band | Undervalued threshold: price <= lower band
Parabolic Stop and Reverse (SAR) | Period: variable 50 - 100 days | Overvalued threshold: SAR crosses above price | Undervalued threshold: SAR crosses below price
Triple Exponential Average (TRIX) | Period: 15 days | Overvalued threshold: TRIX crosses below 0 | Undervalued threshold: TRIX crosses above 0
Ultimate Oscillator (ULTOSC) | Period: 28/14/7 days | Overvalued threshold: 70 | Undervalued threshold: 30
Directional Movement Index (DMI) | Period: 14 days | Overvalued threshold: PlusDI crosses below MinusDI | Undervalued threshold: PlusDI crosses above MinusDI
Average Directional Index (ADX) | Period: variable 14 days | Requirement: >= 25
Analysis is only performed on securities with market caps in excess of $100 million and with daily trade volume in excess of $50 million.
Disclaimers
The information in our newsletter is not intended to constitute investment advice and is not designed to meet your personal financial situation. It is provided for information purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor or a group of investors. It should not be assumed that any investments in securities, companies, sectors or markets identified and described will be profitable. We strongly advise you to discuss your investment options with your financial advisor prior to making any investments, including whether any investment is suitable for your specific needs.
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