Bitcoin Falls Over $10K To Below $63k📱CRNX IP 📈 SMCI DLO 📉

FlowBank's hand-curated fresh financial news [header_noDither] Bitcoin's Rollercoaster Ride Bitcoin experienced a significant drop, falling over $10,000 from its record high of $73,679 to below $63,000. This decline was triggered by traders taking profits after a remarkable 70% surge from the start of the year. The volatility was compounded by the introduction of spot bitcoin ETFs and increased leverage in trading. Analysts suggest caution amid this volatility, though they remain optimistic about Bitcoin's potential for new highs despite possible corrections. WHAT'S MOVING [Group 1742 (50)-1] [Start Trading](113/cXx8Z04/VVZWb193ngXgW2X1RT17S-CpjW61z83B5bVmszN8LB06F2-ZVTW6N1vHY6lZ3lSW6J14QG8HZpD_W2ydWf519ZqtDW5zMLmr4zWYp6W8yzqJn1DbK7dW4BDzRp5P9kySVtfRMB7btBgvW5-yV1J5bYXGVN8ywbh-yKh3dW7zdyGM7Yrt0XW6X2RYq5LgMNHW1_g2jJ6nZ7cdW52cN4p30cCynW4swT-N2kc9xlW50g4Kp4h0n-pW7t9Jpl8TNf6xW5kCyh-7nKlLfVCMLTj4HbqtgW2nTcbB2Fc2FyW7_JZYx6sg_smW7_XVJL6Ly974W7BQrdt5QDL3yW97qLG0347rSDf2zcKpl04) [Group 1753-1] Nvidia Nvidia's stock closed up 1% after announcing its new Blackwell AI chips and expecting to increase its data center market share. The GB200 chip, part of the Blackwell series, is set to ship later this year with a significant development budget of $10 billion. [Group 1752 (42)] Apple Apple's CEO Tim Cook visits Shanghai to inaugurate a new retail store amid a 24% decline in iPhone sales in China, attributed to increased competition from local brands and earlier high shipments. [Group 1753 (1)] MicroStrategy MicroStrategy's shares fell up to 18% as the company continued its aggressive bitcoin acquisition strategy, buying an additional 9,245 bitcoins for about $623 million, despite a drop in bitcoin's price below $63,000 . WHAT'S COMING UP? USD: Crude Oil Inventories: Exp. -0.900M v Prev. -1.536M USD: Fed Interest Rate Decision: Exp. 5.50% v Prev. 5.50% NZD: GDP (QoQ) (Q4): Exp. 0.1% v Prev. -0.3% IN OTHER NEWS Wall Street U.S. stock futures declined on Tuesday night after a day of gains across major indexes, with investors anticipating the upcoming Federal Reserve policy update. The Dow Jones Industrial Average had its best performance since February 22, increasing by 320 points or 0.8%. Meanwhile, the S&P 500 and Nasdaq Composite also saw rises, gaining about 0.6% and 0.4% respectively. [Group 1769] Europe European stock markets are anticipated to open with declines on Wednesday. Predictions indicate a slight drop for the U.K.'s FTSE 100 by 3 points at 7,732, Germany's DAX by 12 points at 17,977, France's CAC by 60 points at 8,131, and Italy's FTSE MIB by 26 points at 33,370. The downward trend comes as investors await the forthcoming U.S. Federal Reserve's monetary policy announcement. MARKET INSIGHTS Fed Meeting: What's Next for the Dollar and Gold? The latest inflation reports in the United States have delivered a surprising surge, surpassing economist expectations and potentially complicating the Federal Reserve's plans for the start of interest rate cuts. [Read more](113/cXx8Z04/VVZWb193ngXgW2X1RT17S-CpjW61z83B5bVmszN8LB0622-ZVTW5BW0B06lZ3m5W2VhsyC5ClTz9W7dybhP342y_cW8yHnX_4_bhY-N58Z17mkX-rtW2sy1Xz265--rW3RD7DL3DPmHmW32_T0l8rHqg9W8gnX955RFVW6N7Pl5T8VxRDWW6ccNlF82ZLZnW3ZxMN5176vFLW2TYKWJ8jTB8GMYHSCM30PrtN4bh2VW5bynlVCvch28g4xX5N4nvn5_FBjg-W2xMtXz7NLz0-W8Rbb5D7pGnjKf2slP7T04) Please note that due to market volatility, some of the prices may have already been reached and scenarios played out. The information above is not investment advice. [flowbank-logo-2022-green-3] [Facebook](113/cXx8Z04/VVZWb193ngXgW2X1RT17S-CpjW61z83B5bVmszN8LB0622-ZVTW5BW0B06lZ3kTW4_GgNf2gjb4QN6Fqn38b3SmzW1h4Fmq4KWKNkW7_fZW86njCd_N7s484cfh5y9W8Rj-S37J-qyrW6r4ZML4rhzFvW7lQ0_-2vRR1HVmQkvl8BzSNcW7NPtYD6hT5kSW5TwZlV88r-myW7PbMzj80dG0CW85ddcS8N2Nx4W1-KMBL7zcKJZW68cj5F8QRVztN2sX7-D5bw1HW80Lbyc4wqfw8N65b5tktpn5Tf7xBRMs04) [LinkedIn](113/cXx8Z04/VVZWb193ngXgW2X1RT17S-CpjW61z83B5bVmszN8LB0622-ZVTW5BW0B06lZ3p-W2w4ZLx7P1PP3W2HYKxS3KSFxfW130MlP7-0gn_N4zNKPcVDYD4W2vlqMM7C-cb6W2MN86h1JTc4pW9hT6hf3N28lrW1zntWy5zDxGSW76bXJ72xk0-TW36m9RR3pcTv8W4twWw48lpgy2W3QWZBH444ptzW5FS9fy7FzLnkW6qPZ3L8mWnwKVqPgjY1M7bfZVTXhCR81NQlGW3v5d5L6Vh0pWW1KCCrG5pTHtdf3RWVbM04) [X](113/cXx8Z04/VVZWb193ngXgW2X1RT17S-CpjW61z83B5bVmszN8LB05M2-ZVTW50kgx26lZ3m2W3L9DF61KbQNgVGnSSy4PWvncW6gxrGy4jWNMKW1Mt9pf3Lwlj1W4_3SWz5VLXhbW9cJTL96qBmQyW5yVm-W46P4P6W7r8G6b4yQxMkW1qjZ042Y3G2RW2H2G0V7HClYBW7Jtd8D945l7GW103sQ94k6SpGW2Cjrx35bBRqJVXTFfg3qWYFvW1znQpg7LmlTmF6S5ZfJ9VFPf2521nH04) [Instagram](113/cXx8Z04/VVZWb193ngXgW2X1RT17S-CpjW61z83B5bVmszN8LB0622-ZVTW5BW0B06lZ3ppVThLv-8-lk15W3-TvY12YmLxYW5mCzc07dwyB3W32xx0h5PpQHsW90yKpZ5sVd3dW5QsPKS6wmGr3W2WG2W469xSZ4W9ddw0-2PmtTTW5yNt9B2Yc-DyW9cPppm7XCxYkVg30z87byZ4nW6CmRSl5B8sWwW39Trsp5RvX2KW3ymmbW6Jx9KdN1w3gVTFyNdgW99-Tkz1xV43yW7Tyndy2RJ6QHW7FSXM87CFgTbf48tY-M04) [YouTube](113/cXx8Z04/VVZWb193ngXgW2X1RT17S-CpjW61z83B5bVmszN8LB06l2-ZVTW69sMD-6lZ3nMW92L6ZQ12DTHdVcrDwQ3J81yhVwD_NL93C874N1_N8V7GhlTVW53RfM32mbSjgW8V-VC11mVhj-W1kCKxR6MN6dFN2HgN7T2SbgxW4FXS9d147g8vW3KjfFc2QnCVyW5fJ85m6_lJpwW6sVlwL5K5_zWW6Dl3722GBfCPW49mR8g6k4f7hW1_2PDX5kGVVHW5lnR6F2b_CMBW6nhXqL4mW2DRW5jJcSv5fjYJJW8hJJjT3wM_rlW1ZLpGx87BMSBdmmjHW04) FlowBank SA, Esplanade de Pont-Rouge 9, P.O. Box 1303, 1211 Geneva 26, Switzerland, +41 (0) 22 888 60 00 [Unsubscribe]( [Manage preferences]( This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error, please notify us immediately, and delete it from your system. If you are not the intended recipient, you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited. Although we scan attachments, we advise you to carry out your own virus check before opening any attachment.