Bitcoin, Ethereum, And Dogecoin Drop Ahead Of The Fed's Rate Decision; The Biden Administration Aims To Extend Sanctions On Semiconductor Sales To Russia, Targeting Chinese Sellers - Top Headlines Today While US Slept
Portfolio Pulse from Akanksha Bakshi
Bitcoin, Ethereum, and Dogecoin experienced a drop ahead of the Federal Reserve's interest rate decision. The Biden Administration plans to extend sanctions on semiconductor sales to Russia, targeting Chinese sellers. Oracle shares rose by 9%, and the S&P 500 and Nasdaq hit record highs as Apple shares surged.
June 12, 2024 | 1:53 pm
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NEGATIVE IMPACT
Bitcoin dropped ahead of the Federal Reserve's interest rate decision, which is a usual correction before an uptrend resumes.
The drop in Bitcoin is attributed to market anticipation of the Federal Reserve's interest rate decision. Historically, such corrections are common before an uptrend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Dogecoin slipped ahead of the Federal Reserve's interest rate decision, mirroring the trend seen in Bitcoin and Ethereum.
Dogecoin's price drop is in line with the broader cryptocurrency market's reaction to the upcoming Federal Reserve interest rate decision.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Ethereum experienced a drop ahead of the Federal Reserve's interest rate decision, following a similar pattern to Bitcoin.
Ethereum's price movement is closely tied to Bitcoin, and it also dropped in anticipation of the Federal Reserve's interest rate decision.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Apple shares surged, contributing to record highs in the S&P 500 and Nasdaq indices.
Apple's strong performance has significantly contributed to the record highs in the S&P 500 and Nasdaq indices.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Oracle shares rose by 9% in premarket trading, driven by positive market sentiment.
Oracle's share price increase is attributed to positive market sentiment, which has driven up premarket trading.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60