Warsh&#8217;s hawkish stance may stabilize inflation but risks economic fragility, 
impacting markets and crypto amid political and productivity pressures.
The post Kevin Warsh set to lead Federal Reserve as US inflation climbs toward 
three-year high appeared first on Crypto Briefing.

Kevin Warsh set to lead Federal Reserve as US inflation climbs toward three-year high

Nvidia&#8217;s potential 40% stock rise underscores the transformative impact of AI 
infrastructure growth on tech investment strategies.
The post Wells Fargo sees Nvidia stock rising over 40% driven by AI appeared 
first on Crypto Briefing.

Wells Fargo sees Nvidia stock rising over 40% driven by AI

Ethereum price started a fresh decline and traded below $2,265. ETH is now 
consolidating above $2,220 and might struggle to recover. Ethereum started a 
downside correction below the $2,265 zone. The price is trading below $2,280 
and the 100-hourly Simple Moving Average. There is a bearish trend line 
forming with resistance at $2,285 on the hourly chart of ETH/USD (data feed 
via Kraken). The pair could continue to move down if it stays below the $2,300 
zone. Ethereum Price Extends Losses Ethereum price failed to remain stable 
above $2,300 and started a fresh decline, like Bitcoin. ETH price dipped below 
the $2,280 and $2,265 levels. The price even traded below $2,250. A low was 
formed at $2,233, and the price is now consolidating losses. There was a minor 
upward move above the 23.6% Fib retracement level of the downward move from 
the $2,322 swing high to the $2,233 low. Ethereum price is now trading below 
$2,280 and the 100-hourly Simple Moving Average. Besides, there is a bearish 
trend line forming with resistance at $2,285 on the hourly chart of ETH/USD. 
If the bulls remain in action above $2,220, the price could attempt another 
increase. Immediate resistance is seen near the $2,265 level. The first key 
resistance is near the $2,285 level or the 61.8% Fib retracement level of the 
downward move from the $2,322 swing high to the $2,233 low and the trend line. 
The next major resistance is near the $2,320 level. A clear move above the 
$2,320 resistance might send the price toward the $2,350 resistance. An upside 
break above the $2,350 region might call for more gains in the coming days. In 
the stated case, Ether could rise toward the $2,400 resistance zone or even 
$2,420 in the near term. Another Drop In ETH? If Ethereum fails to clear the 
$2,285 resistance, it could start a fresh decline. Initial support on the 
downside is near the $2,250 level. The first major support sits near the 
$2,220 zone. A clear move below the $2,220 support might push the price toward 
the $2,180 support. Any more losses might send the price toward the $2,120 
region. The main support could be $2,080. Technical Indicators Hourly MACD – 
The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI &#8211; The 
RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,220 Major 
Resistance Level – $2,285

Ethereum Price Flashes Weakness Signals, Pullback Fears Start Rising

eBay&#8217;s rejection highlights the challenges GameStop faces in its 
transformation efforts, emphasizing the need for sustainable growth 
strategies.
The post eBay rejects GameStop&#8217;s $56B acquisition bid as unappealing appeared 
first on Crypto Briefing.

eBay rejects GameStop’s $56B acquisition bid as unappealing

Anthropic&#8217;s decision highlights the intensifying tech rivalry, potentially 
impacting global AI collaboration and cybersecurity dynamics.
The post Anthropic rejects Chinese think tank&#8217;s request for AI model access 
appeared first on Crypto Briefing.

Anthropic rejects Chinese think tank’s request for AI model access

Bitcoin price started a fresh decline below the $80,500 zone. BTC is 
consolidating and might struggle to stay above the $78,800 support. Bitcoin 
failed to stay above $80,500 and extended losses. The price is trading below 
$80,000 and the 100 hourly simple moving average. There is a bearish trend 
line forming with resistance at $80,700 on the hourly chart of the BTC/USD 
pair (data feed from Kraken). The pair might extend losses if it stays below 
the $80,500 and $81,200 levels. Bitcoin Price Dips Further Bitcoin price 
failed to stay above the $80,500 support zone. BTC remained in a bearish zone 
and extended losses below the $80,000 level. There was a move below the 
$79,500 level. The price even dipped below $79,000. A low was formed at 
$78,720 and the price is now consolidating losses. There was a minor increase 
above the 23.6% Fib retracement level of the downward move from the $81,250 
swing high to the $78,720 low. Bitcoin is now trading below $80,500 and the 
100 hourly simple moving average. If the price remains stable above $79,000, 
it could attempt a fresh increase. Immediate resistance is near the $80,000 
level or the 50% Fib retracement level of the downward move from the $81,250 
swing high to the $78,720 low. The first key resistance is near the $80,500 
level. There is also a bearish trend line forming with resistance at $80,700 
on the hourly chart of the BTC/USD pair. A close above the $80,700 resistance 
might send the price further higher. In the stated case, the price could rise 
and test the $81,200 resistance. Any more gains might send the price toward 
the $82,000 level. The next barrier for the bulls could be $82,500. Downside 
Extension In BTC? If Bitcoin fails to rise above the $80,500 resistance zone, 
it could start another decline. Immediate support is near the $79,200 level. 
The first major support is near the $78,800 level. The next support is now 
near the $78,000 zone. Any more losses might send the price toward the $76,200 
support in the near term. The main support now sits at $75,500, below which 
BTC might struggle to recover in the near term. Technical indicators: Hourly 
MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative 
Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support 
Levels – $79,200, followed by $78,800. Major Resistance Levels – $80,000 and 
$80,700.

Cryptocurrency price in SAR

Market Overview