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Lingering inflation and growth concerns were unable to overshadow ECB officials vowing for a 50 bps rate hike as soon as next July. EUR/USD holding on to gains and en route to extend its advance.
GBP/USD has recovered above 1.2500 and managed to erase a portion of its daily losses. The dollar stays on the back foot in the American session after the S&P Manufacturing and Services PMI data both fell short of market expectations.
Shiba Inu (SHIB) price is set to start an outperformance after the crypto winter that put investors and bulls in hibernation since March of this year. As more signs point to a turnaround, it is time to put money to work for investors as price action gets underpinned, with $0.00001100 aligning as the line in the sand and the monthly S2 support level as additional support.
Do Kwon in trouble as Korean police urges Upbit, Bithumb, Coinone, Korbit and Gopax to freeze Terra’s assets
Do Kwon faces legal proceedings in South Korea while endorsing a revival plan to fork Terra with a new token, excluding TerraUSD. On Wednesday, South Korean authorities are scheduled to meet cryptocurrency exchanges Upbit, Bithumb, Coinone, Korbit and Gopax after instructing them to freeze Luna Foundation Guard assets.
Ethereum (ETH) price is set to jump 18% in value if a tailwind persists throughout the trading day. Although the ASIA PAC session saw some dark clouds forming over disappointment at the Chinese government’s support package and this pushed Asian shares to the downside.