The Australian dollar hit its highest level since December 2023 against the US dollar, briefly topping 0.6800 following the release of the monthly inflation report. The Australian Bureau of Statistics reported that consumer price growth slowed to 3.5% y/y in July from 3.8% the previous month. Despite the slowdown, this indicator was higher than the […]
Key Highlights Bitcoin price trimmed most gains after the spot ETF approval. BTC traded below a key bullish trend line with support at $44,500 on the 4-hour chart. The price could extend losses if it stays below the $44,000 resistance zone. Ethereum is performing better and might aim for a move toward $2,750. Bitcoin Price […]
The post Bitcoin Price Turns Red And Could Revisit $40K appeared first on Action Forex.
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