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US President Trump: I am very pleased that Musk has achieved success with the Tesla Roadster.October 17th - Federal Reserve Chairman Warshs remarks failed to boost the dollar, which is poised to end a four-week winning streak. The Bloomberg Dollar Spot Index fell as much as 0.4% on Friday, on track for its worst weekly performance since September 4th. The dollar weakened against most major currencies, while the euro rose, potentially ending a five-week losing streak. Warsh did not comment on monetary policy or the U.S. economy at the International Monetary Fund annual meeting in Bangkok on Friday morning, prompting investors to reduce their bets on a Fed rate hike later this month. This was Warshs last chance to hint at his policy stance before the Fed enters its quiet period ahead of its October policy meeting on Saturday. Noah Buffam, a strategist at CIBC Capital Markets, said, "Wash didnt provide any policy guidance. While this was expected at this stage, the market interpreted it as a signal that the Fed might not raise rates at its October meeting."The Israel Defense Forces (IDF) recently detected a suspicious aerial target in an area where IDF forces are operating in southern Lebanon and subsequently launched an interceptor missile. In accordance with protocol, no air raid sirens were activated.On October 17, Ukrainian President Volodymyr Zelenskyy, speaking at the EU summit in Brussels, Belgium on October 16, demanded at least €70 billion in additional aid from the EU next year. He also stated that restrictions on the use of the US Starlink satellite communication system affect the Ukrainian militarys ability to intercept Russian drones, and that a meeting at some level between Ukraine and the US is expected to be arranged in the coming days. Speaking to EU leaders, Zelenskyy said that Ukraines war-related expenditures are projected to reach €155 billion by 2027, and that Ukraine needs at least €70 billion from the EU for defense, weaponry, and strengthening national resilience. Zelenskyy called for a strong second round of sanctions against Russia, targeting companies and individuals involved in the production of Russian ballistic missiles, advanced communication systems, and drones. He also criticized the US-Russia "diesel deal," arguing that it would increase Russian revenue and fund its continued military operations.US lawmakers have introduced a bill to block Trump from making a diesel deal with Russia.

DOGE and SHIB Come Under Pressure on News of SEC Win Over LBRY

Cory Russell

Nov 08, 2022 16:28

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Dogecoin (DOGE) decreased by 3.07% on Monday. DOGE dropped 7.79% on Sunday, closing the day at $0.1112. Notably, DOGE extended the losing skid to three sessions despite avoiding sub-$0.10 for the tenth straight session.


The day got off to a strong start with DOGE rising to an early morning high of $0.1190. DOGE fell to a late low of $0.1070 after failing to surpass the First Major Resistance Level (R1) at $0.1243. Before closing the day at $0.1112, DOGE briefly breached the First Major Support Level (S1) at $0.1085.


On Monday, Shiba Inu Coin (SHIB) fell by 0.34%. Sunday saw a loss of 4.98% for SHIB, who closed the day at $0.00001180.


After a down morning, SHIB recovered to reach a late high of $0.00001211. SHIB declined to a late low of $0.00001150 after falling short of the First Major Resistance Level (R1) at $0.00001258. SHIB completed the session at $0.00001180, however, avoiding the First Major Support Level (S1) at $0.00001143.


DOGE and SHIB suffered from the general crypto market's sour mood. This week's US reports put investors' desire for buying to the test. The US CPI report for October, retail sales, and consumer confidence will all be important indications of the US economy.


Despite a strong NASDAQ Composite Index session on Monday, there were losses. NASDAQ received assistance from the market's perception of the US midterm elections.


Investors in DOGE and SHIB, meanwhile, continued to focus on news from Twitter (TWTR) and Elon Musk.


The market's negative reaction to Twitter's decision to postpone the development of a cryptocurrency wallet continues to dampen interest in purchasing DOGE.


Advertiser reports of leaving DOGE remained unfavorable. The likelihood of abrupt revenue stream declines due to a decline in advertising revenue increases, which could temper the positive assumption of DOGE adoption.


The price reversed from last week's high of $0.1587 as a result of the change in mood, which was represented in the most recent DOGE holding statistics.