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07:10
Wedbush: Rates Oracle as “Outperform”
Glonghui, April 24 | Wedbush has initiated coverage on Oracle with an Outperform rating and set a target price of $225.
07:04
Commodity futures close
Polysilicon continuous contract fell by 9.00%, palladium continuous contract fell by 4.92%, low-sulfur fuel oil continuous contract rose by 4.42%, silver continuous contract fell by 4.30%, and platinum continuous contract fell by 3.73%.
07:03
Bitunix Analyst: As expectations for yen intervention rise and policy remains in a wait-and-see mode, BTC liquidity returns to range-bound dominance after a short squeeze
BlockBeats news, April 24, market focus is concentrated on Japan's exchange rate and policy expectations. As the yen approaches the 160 mark, Japan's Finance Minister signals "intervention at any time," while institutional opinions indicate that the Bank of Japan is more inclined to keep interest rates unchanged in the short term. The key issue lies in whether energy prices, pushed higher by Middle East conflicts, will further transmit to core inflation. Before the situation in the Strait of Hormuz and crude oil supply becomes clear, policy will mainly remain in a wait-and-see mode, meaning the liquidity environment continues to face uncertainty. The crypto market continues to cool down. BTC, spurred by a previous round of ceasefire signals, approached $80,000 and triggered around $339 million in short liquidations, after which the pace of liquidation significantly slowed. BTC failed to sustain momentum today, with its price returning to a range-bound pattern, indicating that upward movement was mainly driven by liquidations rather than new funds entering the market. Structurally, the $79,000 to $80,000 zone remains a concentrated area of short-term liquidity and resistance, while the $73,000 to $75,000 range continues to provide support. Current price action is dominated by repeated penetration within the range, with the market returning to a "liquidity-led" mode. Funds tend to react to macro variables in the short term rather than establishing directional positions.
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