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Stock Market LIVE Updates: Sensex, Nifty50 likely to open higher today amid positive global cues – CNBCTV18

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Stock Market LIVE Updates: Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to begin the week higher tracking cautious gains across most global markets after weak economic data from China. At 7:40 am, Singapore Exchange Nifty futures — an early indicator of the Nifty index — were up 85.5 points or 0.5 percent at 15,858. 
Trade Setup | Can the bulls aid a pullback in the Nifty50 soon?
The Nifty50 has formed a long body negative candle on the daily chart with a long upper shadow, reflecting a lack of strength in the market to sustain the highs, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities.
He sees a 'sell on rise' opportunity in the market. (Check out key market cues and important stocks to track)
Global Cues | Crude oil rises as China looks ready to ease COVID curbs, Brent tops $110/barrel
Wall Street rallied on Friday
Wall Street's three main indices jumped on Friday as relief at signs of peaking inflation vied with fears that policy tightening by the Fed could tilt the world's largest economy into recession.
–S&P 500: up 2.4 percent
–Dow Jones: up 1.5 percent
–Nasdaq Composite: up 3.8 percent
Asia stocks struggle after dire China data
Asian share markets are struggling to sustain even a minor rally on Monday after shockingly weak data from China underlines the deep damage lockdowns were doing to the world's second largest economy.
China's retail sales dropped 11.1 percent in April, and industrial output fell  2.9 percent in contrast to expectations of expansion. MSCI's broadest index of Asia Pacific shares outside Japan is up 0.3 percent in early hours.
–Japan's Nikkei 225: up 0.2 percent
–Hong Kong's Hang Seng: up 0.1 percent
–Singapore's Straits Times: up 0.8 percent
–China's Shanghai Composite: down 0.3 percent
–South Korea's KOSPI: down 0.3 percent
–S&P 500 futures: down 0.7 percent
Sensex, Nifty50 extended losses to sixth straight day on Friday
Welcome to CNBC-TV18's Live Market Blog
Good morning, readers! Welcome to CNBC-TV18's market blog, where we provide rolling live news coverage of the latest events in the stock market, business and the economy. We also get you instant reactions from our stellar lineup of TV guests, in-house editors, researchers and reporters.
Have a great day ahead. Good luck!

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The September Curse: Why Bitcoin Price May Touch $10,000 – NewsBTC

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September has been a historically bearish month for bitcoin and the rest of the crypto market by extension. Back in 2021, bitcoin’s deviation from expected market trends had sparked hope that it would break the September curse, but alas, it followed it to a T. This is why with the new month already ushered in, there are expectations that the price of BTC will continue to dive and likely reach lower trends as it enters the worst of the bear market.
One of those who have referred to the September curse in their analysis of the price of bitcoin is Scott Redler, the Chief Strategist at T3 Trading Group. Redler posted a bitcoin chart outlining the movement of the digital asset since last year, marking important technical points that had triggered a downtrend in its price.
An important level that has been mapped out by BTC lately is the $17,600. This represents the new local low after the cryptocurrency had set a new record and plunged below its previous cycle peak. Now, $17,600 has become the level for bulls to hold to avoid further decline.
Redler’s chart shows that if the digital asset fails to hold above this level, then the next support lies around $13,500. But even more interesting is the fact that below $13,500, the next possible point is at the dreaded $10,200. 
Bitcoin price chart from TradingView.com
The strategist explains that the month will determine where the price of BTC ends up following this. However, if bulls are able to hold above this level, which ends up serving as a bounce point, then BTC’s next major level lies just above $25,000.
Bitcoin is an asset that has always followed historical trends closely. Even when it had broken out of set trends back in 2021, it still kept close to others. One of those was the infamous “September Curse.” For anyone who doesn’t understand what this is, the term was coined because bitcoin’s price has always recorded a decline during this month.
Last year was no different in this regard despite the fact that the crypto market is deep in the throes of a bull market. Bitcoin had started the month of September 2021 at around $53,000 but had lost more than $10,000 of its value by the time the month drew to an end. This was in spite of remarkable adoption, such as El Salvador officially accepting the cryptocurrency as a digital asset and Cardano finally debuting smart contract capability.
Given this, it is possible that bitcoin will stick to this trend. The digital asset is already showing signs of decline, starting the month above $20,000 and already falling below this important technical level. If BTC went the way it did in 2021, the price will likely drop to around $16,000, which would account for about 20%, in line with previous downtrends. 
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NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.
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Trader Who Nailed 2022 Bitcoin Collapse Predicts Big Correction for XRP, Updates Outlook on Two Low-Cap Alt… – The Daily Hodl

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The crypto analyst who accurately predicted Bitcoin’s (BTC) crash this year says XRP is likely due for an over 50% decline.
The psuedonymous analyst known in the industry as Capo tells his 541,600 Twitter followers that open-source digital currency XRP remains in a downtrend despite its recent rally.
According to a chart shared by Capo, XRP appears poised to plunge to its high timeframe support at $0.20.
“XRP.”
At time of writing, XRP is changing hands for $0.447, an over 5% decrease on the day. The sixth-largest crypto asset by market cap has risen nearly 40% from its 30-day low of $0.32 but remains more than 86% down from its all-time high of $3.40.
Another altcoin on the trader’s radar is Stellar Lumens (XLM), a crypto asset designed to act as a bridge between two fiat currencies when sending money abroad. According to Capo, XLM gearing up for a quick rally to his target of $0.16 before resuming its downtrend.
“Long on XLM.”
At time of writing, XLM is valued at $0.118, flat on the day.
The analyst is also keeping a close watch on Reserve Rights Token (RSR), cryptocurrency designed to facilitate the stability of the asset-backed stablecoin known as the Reserve Token (RSV). According to Capo, RSR still offers more upside potential despite its over 90% rally in just two weeks.
“Support to resistance flip of the previous key level. Next target is $0.012, but main target remains $0.017. I haven’t taken profits yet, just trailing the stop in profits.” 
At time of writing, RSR is swapping hands for $0.0099, a 4.95% increase on the day.
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Bitcoin slips lower, and South Korea issues arrest warrant for Terra's Do Kwon – CNBC

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Bitcoin slips lower, and South Korea issues arrest warrant for Terra’s Do Kwon  CNBC
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