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Crypto plunges amid recession fears and market sell-off

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Bitcoin and Ether plummeted to multi-month lows as concerns over a potential U.S. recession and weak economic data rattled financial markets, leading investors to seek safe-haven assets.

Earlier this year, the crypto markets received a boost when the U.S. Securities and Exchange Commission approved an exchange-traded fund tracking the spot prices of Bitcoin and Ether.

However, recent market dynamics have shifted dramatically.

Looming recession

Bitcoin, along with global equities, has suffered in a broad selloff driven by fears of a looming U.S. recession and rising geopolitical tensions.

Since hitting a record high in March, Bitcoin has lost over a third of its value.

Tony Sycamore, a market analyst at IG, commented, “It’s a big reminder that Bitcoin and crypto in general are risk assets and sit at the pointy end of the risk spectrum.”

On Monday, Bitcoin fell 13% from its Sunday close to $51,560, marking its largest one-day decline since November 2022 and its lowest level since February.

Research Analyst Matteo Greco says “The negative market trend is likely influenced by several macroeconomic factors.”

“The Bank of Japan (BOJ) recently raised interest rates for the first time in 17 years due to concerns over the Yen’s declining purchasing power against the US Dollar.”

“The BOJ also signaled that further rate hikes could be on the horizon, if necessary, which was viewed negatively by risk-on asset markets, triggering widespread selloff.”

Ether sell-off

Ether dropped 17% to $2,277, its lowest point since mid-January.

Sycamore noted that Bitcoin was testing trend channel support in the $54,000 to $53,000 range and needed to hold at that level to “prevent further capitulation towards $48,000.”

Shares of U.S. crypto-related stocks listed in Frankfurt also took a hit in early trading on Monday.

Coinbase fell over 18%, while shares in mining companies Riot Platforms and Marathon Digital dropped by 17.7% and 20%, respectively.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Israel launches its new “Iron Beam” laser system

Israel’s new “Iron Beam” laser defense system to deploy by year-end, promising cost-effective missile interception.

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Israel’s new “Iron Beam” laser defense system to deploy by year-end, promising cost-effective missile interception.


Israel’s Defence Ministry says its new “Iron Beam” laser system will be deployed by year’s end. The technology is designed to destroy incoming missiles, rockets, drones and mortars with precision.

Developed by Rafael Advanced Defense Systems in partnership with Elbit Systems, Iron Beam will sit alongside existing defences such as Iron Dome, David’s Sling and Arrow. Unlike traditional interceptors which can cost tens of thousands of dollars per shot, the laser comes at negligible expense.

Officials call it the world’s first high-power laser interception system to achieve operational maturity, hailing it as a game-changer for modern warfare. Military leaders expect the system to reshape air defence capabilities and cut costs dramatically.

#Israel #Defence #LaserWeapons #TickerNews


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Stephen Colbert’s opening monologue on Jimmy Kimmel

Stephen Colbert condemns censorship and calls out Trump in powerful monologue dedicated to Jimmy Kimmel’s suspended show.

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Stephen Colbert condemns censorship and calls out Trump in powerful monologue dedicated to Jimmy Kimmel’s suspended show.


Stephen Colbert’s opening monologue is being hailed as one of the most powerful moments in modern late-night history. Standing on stage at the Ed Sullivan Theatre, Colbert dedicated his show to Jimmy Kimmel and his team after ABC suspended Kimmel’s programme under pressure from Washington.

Colbert called the move “blatant censorship” and directly accused President Trump of acting like an autocrat. “With an autocrat, you cannot give an inch,” he warned, making clear that the stakes reach far beyond late-night comedy.

#StephenColbert #JimmyKimmel #FreeSpeech #TickerNews


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Charlie Kirk was scheduled to speak at Colorado State University

Despite cancellation, 10,000 gathered at CSU to support Charlie Kirk, creating a rally-like atmosphere.

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Despite cancellation, 10,000 gathered at CSU to support Charlie Kirk, creating a rally-like atmosphere.


Charlie Kirk was scheduled to speak at Colorado State University in Fort Collins, but the event was meant to be cancelled. Despite that, thousands of people still turned up to celebrate his legacy.

As many as 10,000 people turned out, showing the extent of support for the conservative activist. The crowd gathered outside CSU, creating an atmosphere more like a political rally than a cancelled speech.

#CharlieKirk #FortCollins #CampusPolitics #TickerNews


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