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Hive Blockchain Loses Key Trendline Amid Bitcoin, Ethereum Pullback: What’s Next?

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Hive Blockchain Technologies, Ltd (NASDAQ: HIVE) fell below a key trendline late Tuesday morning after bouncing up from the area when the markets first opened.

The decline came amid the cryptocurrency and general markets plunging after Federal Reserve chairman Jerome Powell’s testified before the Senate banking committee and issued a warning that the emergence of the omicron COVID-19 variant is likely to hinder America’s economic recovery.

Following Powell’s comments Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) fell over 3% from their session highs while the SPDR S&P 500 (NYSE: SPY) dropped over 1.8% at one point.

After losing the trendline as support, Hive Blockchain temporarily held above a key support level at $3.76 but by midday fell below the area, which confirmed the stock is trading in a downtrend.

See Also: Bitcoin Is Forming A Handle …

Full story available on Benzinga.com

Original Source: benzinga.com

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If You’re Selling Nvidia Stock Because of Arm Deal Developments, Jim Cramer Thinks ‘You’re a Fool’

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Who is selling NVIDIA Corporation (NASDAQ: NVDA) with the stock already down more than 20% this month? That’s the question Jim Cramer pondered Tuesday when he analyzed the semiconductor stock on CNBC’s “Mad Dash” segment. 

What Happened: Nvidia continued on its downward trajectory Tuesday morning after a Bloomberg report suggested the company is “quietly” preparing to abandon its purchase of British chipmaker Arm Ltd. from SoftBank Group.

According to the report, Nvidia told its partners it doesn’t expect the transaction to close, …

Full story available on Benzinga.com

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Big Data Platform Market Outlook 2022 to 2031 – Microsoft, Google, Aws, Ibm the Oxford Spokesman

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Big Data Platform Market Outlook 2022 to 2031 – Microsoft, Google, Aws, Ibm The Oxford Spokesman The Oxford Spokesman

Original Source: oxfordspokesman.com

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Nvidia Quietly Looks to Dump Its Arm Ambitions

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NVIDIA Corp (NASDAQ: NVDA) is quietly preparing to abandon its purchase of Arm Ltd from SoftBank Group (OTC: SFTBY) (OTC: SFTBF) on bleak prospects of winning approval for the $40 billion chip deal, Bloomberg reports.
Nvidia expressed pessimism to its partners regarding the …

Full story available on Benzinga.com

Source Here: benzinga.com

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