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Bitcoin (BTC) Tests $64,500 Resistance as Money Flow Index Hits 100; Bulls Eye Breakout Above $64.2K
Bitcoin rose to $64,244 on August 5, 2026, as buyers challenged key resistance. The leading cryptocurrency reached an intraday high of $64,511 before encountering selling pressure. Momentum indicators signal extreme overbought conditions as the Money Flow Index touched 100. Institutional traders now focus on a sustained breakout above $64,200 to confirm further upward momentum. Technical…
Bitcoin (BTC) Holds Above $63,800, Gains 1.73% Despite ETF Outflows; Hyperliquid (HYPE) Jumps 4.03%
Bitcoin trades at $63,800 on Tuesday, advancing after Monday’s mild correction. The move comes even as last week’s broader ETF outflow trend still weighs on sentiment. US spot Bitcoin ETFs flipped positive Monday, pulling in $170.09 million in fresh inflows. Hyperliquid extended its rebound for a third straight session, climbing back above its 200-day moving…
South Korea’s Kospi Tumbles 5% on AI Chip Fears, Reversing Friday’s Record Rally
South Korea’s Kospi index fell 5% on August 3 after a record 17.9% rally Friday, as Samsung and SK Hynix dropped 9% each. Leverage-fueled selling and AI spending concerns drove the reversal.
Swiss Drought Costs Farmers CHF 15,000 Weekly as Zurich Demands Compensation
Swiss farmers lose CHF 15,000 weekly to drought costs. Zurich farmer demands compensation as retailers Migros and Coop resist price increases despite harvest damage.
Mammut Sold to Chinese Firm CPE for Up to €500M on July 31
Chinese investment firm CPE acquires Swiss outdoor brand Mammut from Jacobs Capital for up to €500 million. Headquarters remain in Aargau; CEO Heiko Schäfer stays in place.
Japan and South Korea Stocks Diverge as Nikkei 225 Jumps 0.93%, KOSPI Falls 1.10%, SK Hynix Slides Over 6%
Asian markets split sharply on Thursday, July 30, 2026, after two brutal days of chip-stock selling. The Nikkei 225 rebounded 0.93% to 62,003.09, recovering some of Wednesday’s losses. South Korea’s KOSPI fell 1.10%, dragged lower by SK Hynix’s 6.50% slide. Regulators moved to cap leveraged ETF exposure amid intensifying volatility concerns across the region. Nikkei…
US Stock Market: Nasdaq Futures Slip as KOSPI Plunges Nearly 6%, S&P 500 Futures Rise 0.2%
Stock Market futures showed a split reaction Wednesday, July 29, 2026, as Asian chip stocks tumbled. South Korea’s KOSPI plunged nearly 6%, dragged down by a disappointing SK Hynix earnings report. S&P 500 futures edged up 0.2%, while Nasdaq-100 futures slipped slightly. Iran’s resumed attacks on regional targets also lifted oil prices overnight. KOSPI Plunges…
UBS Q2 Profit Jumps 17% to $2.8 Billion, Beating Market Expectations
UBS reported second-quarter net profit of $2.8 billion on Wednesday, July 29, 2026. That marks a 17% jump from the same period last year. The result crushed analyst expectations of $2.38 billion comfortably. Investment banking revenue surged 26%, delivering a record second quarter for the division. UBS also announced a new $3 billion share buyback…
Dow Jumps 537 Points as Oil Slides, Chip Stocks Plunge
Dow Jones climbed 537 points to 52,747 on July 27 as oil prices fell and investors rotated away from chip stocks. Nasdaq fell 0.22% as semiconductor ETF SMH dropped 3%.