This week’s price movements for Bitcoin (BTC), gold and our stocks select CME and Coca-Cola.

BTC

Bitcoin (BTC) had its best week in over a month. Recovering from last week’s low of around $ 30,000 on July 21, the price of BTC reached $ 33,000 on July 23, $ 34,000 the next day, and $ 35,000 the next day. So, going into July 26, Bitcoin surpassed $ 39,000. Later in the day, this topped $ 40,000, but dropped dramatically to $ 37,000 on July 27. However, the buying momentum has returned and has pushed the price to $ 40,000 where it is currently trading.

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Investors protecting bearish bets fueled the previous rally that took Bitcoin to $ 40,000, the highest since June 15. More than $ 950 million in cryptocurrencies were settled on June 26, the highest level since May 19, according to data from Bybt.com. ” shorts were piling up as we went down, assuming we were seeing a low of $ 25,000, which was expected across the board.” She said Vijay Ayyar, Asia Pacific director with cryptocurrency exchange Luno. “But then there was a strong buildup in the $ 29,000 to $ 30,000 region that caught a lot of those shorts off guard and then brought spring up.”

GOLD

Gold as a whole also had a successful week. After spending most of the past week above $ 1,800, only to fall below, the price of gold faced a similar hurdle this week before prevailing. Between July 22 and 28, the price of gold largely channeled between $ 1,794 and $ 1,810. However, after hitting the lower threshold on July 28, gold reached its recent resistance point, but continued to take off the next day. It is currently trading around $ 1,830.

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Gold prices rose more than 1% to a nearly two-week high after US Federal Reserve Chairman Jerome Powell assured investors that no rate hike is expected anytime soon, which will cause the dollar to fall to multi-week lows. ” gold market seems to respond to natural indicators such as the dollar and US Treasury rates, which are favorable to the prospects for gold and despite the fact that there are no significant changes in terms of the Fed’s tapering policy,” Independent analyst Ross Norman She said. “Gold gained more resistance at $ 1,825 an ounce, but finally silver seems to respond to gold movements,” he added.

NDE

Chicago Mercantile Exchange (CME) group also had a good week. Starting at around $ 26 on June 20, CME soon hit $ 213 the next day, before returning to $ 209 on the weekend. Opening at $ 211 on July 26, it channeled between $ 210 and $ 213 before hitting $ 214 on July 28, where it is currently trading.

This increase of more than $ 214 could be attributed to the recent CME financial report. It posted revenue of $ 1.2 billion and average daily volume growth of 5% during the quarter. Net income during this period was $ 589 million. CME Group President and CEO Terrence A. Duffy attributed some of this performance to the launch of new products. He also confirmed that more innovations of this product would be launched to support the “evolving business needs of customers”.

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KO

Meanwhile, Coca-Cola (KO) also had a marginally profitable July. After peaking at $ 54.50 in the first two weeks of the month, KO rose to $ 55 on July 13, hitting $ 56.50 on July 16. It fell to $ 55.50 before recovering to $ 56 and continued to rise on July 21 to a high of $ 57.50. Since then, it has funneled between that point and $ 56.50 and is currently trading around $ 57.

Coca-Cola also recently released a financial report, which triggered a surge in volume after hours that triggered the price gap and wild swing on July 21. Other than that, Coca-Cola announced that it would launch its first non-fungible tokens (NFTs). On the occasion of International Friendship Day on July 30, Coca-Cola will auction off the NFT loot on OpenSea. Contains Tafi-designed digital clothing that can be worn in Decentraland’s virtual metaverse.

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