Company expects sales to drop significantly due to tariffs and leadership changes
Nike Stock Takes a Hit
Nike (NKE) saw its stock drop over 5% in after-hours trading on Thursday following a gloomy sales outlook. The decline follows a 1.5% dip during regular trading, pushing the stock below $70 and reducing Nike’s market valuation to under $100 billion—its lowest since 2020.
Investor sentiment is dull, with little excitement in the market.
Ethereum down 55%, Bitcoin down 23% from its peak.
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Bitcoin Stuck in Limbo Near $83,000
Bitcoin (BTC/USD) hovered near $83,000 on Monday morning, struggling to gain traction as traders showed little interest in making significant moves. The excitement surrounding Trump’s potential crypto-friendly policies has faded, leaving a more somber mood in the marke
The Million-Dollar Mistake: How Bad Advice Can Ruin Your UAE Crypto Business
Opinion by Irina Heave
#BTC #UAECrypto The United Arab Emirates has emerged as a global hub for crypto innovation, offering zero personal income tax, low corporate taxes, and one of the clearest regulatory frameworks in the world. Entrepreneurs from around the globe are flocking to Dubai, Abu Dhabi, Ras Al Khaimah, and other emirates to launch their ventures. The country’s modern infrastructure, business-friendly policies, and government-backed support for innovation make it an attractive destination for ambitious cr
Market Analysis: ETH, XRP, ADA, BNB, and SOL – January 31, 2025
#xrp #bnb #ADA #solana This week, we take a closer look at Ethereum (ETH), Ripple (XRP), Cardano (ADA), Binance Coin (BNB), and Solana (SOL) as the market continues to show signs of consolidation and potential shifts in momentum. Ethereum (ETH) Ethereum struggled to maintain its position above $3,300 and declined by 4% over the past week. However, sellers lacked the strength to push the price below $3,000, which remains a critical support level.
Ethereum (ETH) may have faced a challenging January, but experts argue that the long-term outlook remains highly positive. Vivek Raman, a former UBS bond trader and founder of Etherealize, believes that the market is underestimating Ethereum’s potential.
> “We are not bullish enough about Ethereum,” Raman stated on Jan. 29, highlighting what he sees as structural tailwinds for ETH in 2025 and beyond.
Despite recent price struggles, several key developments suggest Ethereum is pois
Dogecoin (DOGE) has found support at $0.3050 and is rebounding against the US Dollar. The meme-inspired cryptocurrency is showing signs of recovery and may aim for further gains above $0.350.
Key Highlights:
DOGE price has started a steady climb above the $0.315 and $0.320 levels.
Currently, the price is hovering around $0.3320, aligning with the 100-hour simple moving average.
A key bearish trend line was broken, with resistance at $0.330 on the
Crypto Industry Outlook for 2025: Key Trends, Insights, and Growth Opportunities
#Binance #CryptoNewss The cryptocurrency sector experienced a transformative 2024, setting the stage for further innovation and expansion in 2025. With forecasts predicting Bitcoin's price to surge by 50% and altcoins potentially reaching a $3 trillion market cap, the year ahead holds significant promise for investors and developers alike.
Cointelegraph Research’s latest report provides an in-depth analysis of last year’s key trends and offers insights into what lies ahead, covering developmen
Arthur Hayes, Chief Investment Officer at Maelstrom and co-founder and former CEO of BitMEX, has published a new essay titled “The Ugly”. In it, he argues that Bitcoin may experience a significant short-term pullback before surging to record highs. Hayes outlines two key scenarios for buying Bitcoin. A Market Correction Before a Massive Rally? Hayes begins by comparing market analysis to backcountry skiing on a dormant volcano—where sudden shifts in conditions can signal impending danger.
Bitcoin Poised for a February Rally? Analyst Predicts New High in Two Weeks
#BTC BTC Eyes Recovery Amid Market Volatility After a rocky start to the week, Bitcoin (BTC) has bounced back above the $100,000 mark, recovering 4% from its recent dip. Following this rebound, some analysts believe BTC could be gearing up for a strong February surge.
Volatile January, Bullish February?
The crypto market faced turbulence on Monday due to a broader sell-off triggered by DeepSeek’s Artificial Intelligence (AI) news. This led to significant declines across major altcoins, with E
#solana $SOL Solana (SOL) has dropped below the $250 support level, signaling potential further losses. The price is consolidating, encountering resistance near $235 and $242.
Key Points:
SOL price declined below $250 and $240 against the U.S. Dollar.
It is trading under $240 and the 100-hourly simple moving average.
A bearish trend line is forming near $235 on the hourly SOL/USD chart (data source: Kraken).
A breakout above $242 could trigger a fresh rally.
David S. Goyer Launches AI-Driven Crypto Film Universe with Emergence
#CryptoNews🚀🔥 David S. Goyer, the acclaimed screenwriter behind The Dark Knight and Blade franchises, is spearheading a groundbreaking sci-fi project that blends artificial intelligence, blockchain technology, and Hollywood storytelling. The project, Emergence, launched on January 28 via the Incention platform on Story Protocol, introduces a new model for creating and monetizing intellectual property (IP).
A Decentralized Sci-Fi Universe
Emergence is a collaborative science fiction franchis
#Binance #CryptoNews #xrp XRP has surged more than 12% in the past 24 hours, currently trading at $3.11. The cryptocurrency’s price rebounded from a low of $2.66 on January 27, reaching an intraday high of $3.21 on January 28, according to data from Cointelegraph Markets Pro and TradingView.
This rally is driven by several key factors, including:
Ripple’s regulatory advancements in the U.S.
Liquidation of overleveraged short positions in XRP futures
On-chain data indicates that a significant amount of Dogecoin (DOGE) has been withdrawn from Binance by a whale investor, a move that could signal a bullish outlook for the cryptocurrency.
Whale Moves $54 Million in DOGE After Price Decline
According to data from Whale Alert, a blockchain transaction tracking service, a massive Dogecoin transfer was detected in the past 24 hours. The transaction involved 175,274,112 DOGE, valued at approximately $54.7 mi
BNB price is recovering from the $635 support level, showing signs of strength. The cryptocurrency is on an upward trajectory and may attempt another push toward the $700 resistance level.
Key Highlights:
BNB price is facing resistance near the $685 level.
The price is currently trading above $675 and the 100-hour simple moving average.
A breakout occurred above a key bearish trend line at $674 on the hourly BNB/USD chart (data from Binance).
XRPUSD +2.99% XRPBTC +1.57% XRPUSDT +2.98% XRP experienced a sharp decline, testing the $2.650 support level before staging a strong recovery. The price is now showing bullish signs, trading above the $3.00 mark.
Key Takeaways:
XRP dropped below the $3.00 support but quickly rebounded.
The price remains below $3.120 and the 100-hourly Simple Moving Average.
A break above a bearish trend line at $2.950 was seen on the hourly chart of XRP/USD (data from Kraken).
Bitcoin’s calm weekend took a sharp turn on Monday as the leading cryptocurrency plummeted by $7,000 within just an hour, sparking a broader market downturn.
The drop follows last Monday’s similar volatility when BTC briefly fell below $100,000 before rebounding to a new all-time high of over $109,000. Throughout the past week, BTC remained highly volatile, with price swings occurring during and after Donald Trump’s inauguration. Notably,
Wall Street-based Bitcoin miner Argo Blockchain (LSE: ARB, NASDAQ: ARBK) has secured a new hosting agreement with Merkle Standard LLC for its mining operations in Memphis, Tennessee, while also expanding its presence in Quebec.
New Hosting Arrangements
Under the agreement, Merkle Standard will host 5,293 S19J Pro miners at its Tennessee facility, with deployment expected in February 2025 for a minimum term of one year. Meanwhile, Argo will allocate 2,500 additional miners
The cryptocurrency market is experiencing a sharp downturn, with most assets in the red. However, meme coins like Shiba Inu (SHIB) have been hit even harder, posting significant losses. SHIB has declined by 11% in the past 24 hours, plunging to a multi-month low and breaking below a crucial support level.
SHIB’s Recent Performance
Shiba Inu enjoyed substantial gains during the post-election crypto rally, surging from approximately
Following a relatively quiet weekend in which Bitcoin hovered around $105,000, the cryptocurrency took a sharp downturn, falling to a weekly low below $100,000.
The broader crypto market also suffered, with major altcoins such as DOGE, XRP, ADA, and SOL experiencing significant losses.
Bitcoin’s 5% Drop Shakes the Market
Similar to last Monday, the start of this week has been rough for crypto investors. After holding steady at $105,000 for over
Cardano (ADA) Struggles Below $1.00: Can Bulls Regain Control?
#Binance #newscrypto $BTC Cardano (ADA) remains under pressure as its price continues to trade below the $1.00 mark. Despite attempts to recover, ADA is facing strong resistance, making it difficult for the bulls to regain momentum.
Cardano’s Price Drops Below $1.00
After failing to sustain above the $1.050 level, Cardano entered a fresh decline, diverging from Bitcoin and Ethereum. The price fell below key support levels at $1.00 and $0.9750, signaling continued weakness in the market.