NEXO/USDT Faces Stiff Resistance at $1.30 as Bears Gain Control
NEXO$BNB /USDT is currently experiencing significant selling pressure after failing to decisively break above the $1.30 resistance level. The cryptocurrency's recent attempt to push higher was met with immediate rejection, leading to the formation of bearish candles that suggest a short-term weakening of its price action. Market observers note that sellers appear to be stepping in aggressively near this key resistance point, signaling a potential shift in momentum. The repeated appearance of rejection wicks on recent candles further reinforces the weakening upside sentiment. Unless NEXO bulls can reclaim and hold the $1.30 level with strong conviction, analysts predict the price is likely to drift lower towards established support levels. For traders looking to capitalize on this potential downside, a short trade setup has been suggested: * Entry: $1.285 – $1.295 * Take Profit: $1.265 / $1.250 * Stop Loss: $1.305 The broader market outlook indicates that upside momentum for NEXO is fading. Without a strong push from buyers to convincingly overcome the $1.30 barrier, the path of least resistance appears to be downwards. Disclaimer: This article provides information based on market observations and does not constitute financial advice. Trading cryptocurrencies involves substantial risk, and individuals should conduct their own research and consult with a financial professional before making any investment decisions. NEXO/USDT is currently experiencing significant selling pressure after failing to decisively break above the $1.30 resistance level. The cryptocurrency's recent attempt to push higher was met with immediate rejection, leading to the formation of bearish candles that suggest a short-term weakening of its price action. Market observers note that sellers appear to be stepping in aggressively near this key resistance point, signaling a potential shift in momentum. The repeated appearance of rejection wicks on recent candles further reinforces the weakening upside sentiment. Unless NEXO bulls can reclaim and hold the $1.30 level with strong conviction, analysts predict the price is likely to drift lower towards established support levels. For traders looking to capitalize on this potential downside, a short trade setup has been suggested: * Entry: $1.285 – $1.295 * Take Profit: $1.265 / $1.250 * Stop Loss: $1.305 The broader market outlook indicates that upside momentum for NEXO is fading. Without a strong push from buyers to convincingly overcome the $1.30 barrier, the path of least resistance appears to be downwards. Disclaimer: This article provides information based on market observations and does not constitute financial advice. Trading cryptocurrencies involves substantial risk, and individuals should conduct their own research and consult with a financial professional before making any investment decisions.
Bernard Arnault Calls for EU-US Trade Compromise Amid Tariff Fears
LVMH Chief Urges Eu to Make Concessions to Trump in Trade Talks Bernard Arnault, CEO and chairman of luxury goods conglomerate LVMH, has called upon the European Union to adopt a more conciliatory approach in its ongoing trade negotiations with the United States. Speaking to French lawmakers, the billionaire executive emphasized that European jobs and industries are at risk due to Washington's current tariff policies. Arnault, whose company holds the distinction of being Europe's most valuable with a 243 billion euro €. market capitalization, urged for accelerated diplomatic trade discussions with the U.S. "So far, things seem to me to be off to a relatively bad start," he remarked, expressing concern about the current state of negotiations. The luxury magnate underscored the importance of maintaining strong relations with the United States, given that the West represents LVMH's largest market. He argued that a cooperative relationship with the U.S. administration would be significantly more beneficial for the European economy. "The negotiations must be conducted constructively… and therefore with reciprocal concessions," Arnault told senators. He pointed to the recent UK-US trade pact as an example of successful diplomacy, noting that the British had "negotiated very well" to secure relief from Trump's trade tariffs. After months of stalemate, the EU (€)and the United States have only recently resumed trade discussions. The Trump administration had initially imposed a 20% reciprocal tariff on EU exports, which was subsequently reduced to 10% until July 8 to facilitate a consensus. In contrast, President Trump and UK Prime Minister Sir Keir Starmer announced a bilateral trade agreement in mid-May, which granted the UK tariff-free steel exports to the US and a reduced 10% levy on 100,000 cars exported annually to America. The European luxury goods sector, predominantly based in Europe, has been grappling with headwinds from declining Chinese demand. Arnault warned that tariffs on exports to the US could exacerbate these difficulties. He informed French lawmakers that without access to the Chinese market, the European luxury industry would struggle due to its limited capacity to relocate production to the United States. LVMH's Hennessy brand, for instance, has experienced falling sales in both the US and China. The Chinese government has also initiated an anti-dumping probe targeting European liquor, a retaliatory measure for EU restrictions on Chinese electric vehicle imports. Arnault cautioned that losing access to both the American and Chinese markets could have "catastrophic" consequences, highlighting that France's cognac industry alone supports approximately 80,000 jobs. "We must do everything with Europe to prevent this. Because the day it happens, it will be too late," he added. Bernard Arnault's appeal to EU leaders carries additional weight given his long-standing relationship with Donald Trump, having known each other for decades and with Arnault attending Trump's inauguration in 2017. Earlier this year, the LVMH chairman indicated that his company might expand manufacturing in the United States, though he reiterated that most luxury production would remain in Europe. Meanwhile, European leaders have recently pledged new sanctions on Russia following President Vladimir Putin's refusal to agree to a ceasefire in Ukraine. The union is reportedly hoping Moscow will concede to President Trump's demands for a trade agreement to ensue. On Monday, Trump held a two-hour discussion with Putin but did not announce any new developments regarding the conflict. The US President merely told reporters he was "confident" of resuming trade with Moscow once the conflict subsides. "Russia wants to do large-scale TRADE with the United States when this catastrophic 'bloodbath' is over, and I agree," Trump posted on social media, adding that Ukraine "can be a great beneficiary on Trade in the process of rebuilding its Country." LVMH Chief Urges EU to Make Concessions to Trump in Trade Talks Bernard Arnault, CEO and chairman of luxury goods conglomerate LVMH, has called upon the European Union to adopt a more conciliatory approach in its ongoing trade negotiations with the United States. Speaking to French lawmakers, the billionaire executive emphasized that European jobs and industries are at risk due to Washington's current tariff policies. Arnault, whose company holds the distinction of being Europe's most valuable with a 243 billion euro market capitalization, urged for accelerated diplomatic trade discussions with the U.S. "So far, things seem to me to be off to a relatively bad start," he remarked, expressing concern about the current state of negotiations. The luxury magnate underscored the importance of maintaining strong relations with the United States, given that the West represents LVMH's largest market. He argued that a cooperative relationship with the U.S. administration would be significantly more beneficial for the European economy. "The negotiations must be conducted constructively… and therefore with reciprocal concessions," Arnault told senators. He pointed to the recent UK-US trade pact as an example of successful diplomacy, noting that the British had "negotiated very well" to secure relief from Trump's trade tariffs. After months of stalemate, the EU and the United States have only recently resumed trade discussions. The Trump administration had initially imposed a 20% reciprocal tariff on EU exports, which was subsequently reduced to 10% until July 8 to facilitate a consensus. In contrast, President Trump and UK Prime Minister Sir Keir Starmer announced a bilateral trade agreement in mid-May, which granted the UK tariff-free steel exports to the US and a reduced 10% levy on 100,000 cars exported annually to America. The European luxury goods sector, predominantly based in Europe, has been grappling with headwinds from declining Chinese demand. Arnault warned that tariffs on exports to the US could exacerbate these difficulties. He informed French lawmakers that without access to the Chinese market, the European luxury industry would struggle due to its limited capacity to relocate production to the United States. LVMH's Hennessy brand, for instance, has experienced falling sales in both the US and China. The Chinese government has also initiated an anti-dumping probe targeting European liquor, a retaliatory measure for EU restrictions on Chinese electric vehicle imports. Arnault cautioned that losing access to both the American and Chinese markets could have "catastrophic" consequences, highlighting that France's cognac industry alone supports approximately 80,000 jobs. "We must do everything with Europe to prevent this. Because the day it happens, it will be too late," he added. Bernard Arnault's appeal to EU leaders carries additional weight given his long-standing relationship with Donald Trump, having known each other for decades and with Arnault attending Trump's inauguration in 2017. Earlier this year, the LVMH chairman indicated that his company might expand manufacturing in the United States, though he reiterated that most luxury production would remain in Europe. Meanwhile, European leaders have recently pledged new sanctions on Russia following President Vladimir Putin's refusal to agree to a ceasefire in Ukraine. The union is reportedly hoping Moscow will concede to President Trump's demands for a trade agreement to ensue. On Monday, Trump held a two-hour discussion with Putin but did not announce any new developments regarding the conflict. The US President merely told reporters he was "confident" of resuming trade with Moscow once the conflict subsides. "Russia wants to do large-scale TRADE with the United States when this catastrophic 'bloodbath' is over, and I agree," Trump posted on social media, adding that Ukraine "can be a great beneficiary on Trade in the process of rebuilding its Country." www.pbs.org
"Dynamic Altcoin Market: Visualizing Growth and Future Potent
As the $BTC cryptocurrency bull market gathers significant momentum, investors are eagerly searching for the next big opportunity. $BTC The year 2025 is shaping up to be a pivotal period, transforming market volatility into substantial profit potential. Experienced traders are strategically focusing on top crypto coins that boast robust fundamentals, tangible real-world applications, and considerable room for exponential growth, potentially yielding 10x returns or more. While established powerhouses like $XRP, Solana (SOL)$SOL , Cardano (ADA), and Shiba Inu (SHIB) are demonstrating renewed vigor and are well-positioned for significant gains, an emerging altcoin, Mutuum Finance (MUTM), is also capturing considerable attention. This highlights that the next wave of crypto wealth could originate from both the well-known giants and the promising rising stars. Mutuum Finance (MUTM)#: A Rising Star in DeFi with a Hybrid Lending Approach Mutuum Finance (MUTM) is rapidly gaining traction, particularly with its recently launched presale. The project has successfully sold out its fourth phase ahead of schedule and is now in its fifth phase, having already raised over $9 million from more than 11,000 holders. Investors are currently flocking to acquire tokens at an attractive price of $0.03 before it jumps by 16.67% to $0.035 in the next phase. Early participants are set for a projected 100% Return on Investment (ROI) when the project officially launches at $0.06. Furthermore, market analysts are forecasting a potential target price of $1 for MUTM during the upcoming bull run, signaling its strong potential. What sets Mutuum Finance apart is its innovative two-way lending approach, which has driven its rapid adoption. The platform seamlessly integrates both Peer-to-Contract (P2C) and Peer-to-Peer (P2P) lending models: * Peer-to-Contract (P2C) Model: This model allows users to generate passive income by providing liquidity to USDT pools. Smart contracts automate the lending process, offering efficiency and ease of use. * Peer-to-Peer (P2P) Model: In contrast, the P2P model facilitates direct transactions between users, eliminating the need for intermediaries and granting users full control over their funds. By combining these two models, Mutuum Finance significantly enhances security, efficiency, and decentralization, presenting an attractive proposition for DeFi investors seeking high-yielding and secure alternatives. To foster community growth and reward early adopters, Mutuum Finance is offering enticing incentives. Ten fortunate users will receive $10,000 worth of MUTM tokens, and users can earn additional rewards by inviting friends to join the platform. Established Altcoins Poised for Significant Growth Beyond the exciting new entrants, several established cryptocurrencies are also demonstrating strong potential for substantial growth in the coming year: * XRP: Currently trading around $2.20, XRP continues to show renewed momentum. Its growing number of partnerships and ongoing legal progress suggest increasing adoption and utility for the token. * Solana (SOL): Maintaining its popularity at approximately $169, Solana is lauded for its high-speed and low-cost blockchain, which serves as a robust foundation for decentralized finance (DeFi) applications and meme coins. * Cardano (ADA): Cardano is steadily advancing with continuous network updates and expanding its reach through smart contract capabilities. Its commitment to a methodical development approach continues to draw investor interest. * Shiba Inu (SHIB): As a prominent meme coin, Shiba Inu, currently priced around $0.000014, remains on investors' radar due to its vibrant community and evolving ecosystem, which includes ventures into the metaverse and decentralized exchanges. Conclusion The current crypto landscape presents a wealth of opportunities for investors looking for significant returns. While established altcoins like XRP, Solana, Cardano, and Shiba Inu offer a degree of stability and proven track records, emerging projects such as Mutuum Finance (MUTM) provide the potential for explosive growth due to their innovative solutions and early-stage investment opportunities. With its unique hybrid lending model and strong community engagement, MUTM stands out as a compelling option for those aiming to capitalize on the ongoing bull run.