Bitcoin plunged after Tesla CEO Elon Musk announced that the company is suspending the acceptance of Bitcoin for purchases. Meanwhile, AUD/USD struggles against a sharply strong US Dollar.

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Ethereum price action has edged lower with other major cryptocurrencies like Bitcoin, but Ethereum continues to dominate the broader crypto space as highlighted by the ETH/BTC ratio.

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Gold has rallied to the topside of its downtrend and white-hot inflation data could help spur the precious yellow metal higher. Can gold stage a breakout to snap its 8-month downtrend?

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The decline from the monthly high (0.7891) has push AUD/USD towards the 50-Day SMA (0.7708) as the exchange rate carves a series of lower highs and lows.

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Learn about the US central bank, its key mandates, and how to trade Fed interest rate decisions.

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