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News & Articles By Sterling Ashworth
06/13/2026
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By Sterling Ashworth
Stock Market Volatility Rocks Bitcoin, Threatening $60K Support
A sharp decline in Big Tech stocks and volatility in oil markets triggered broad sell-offs across financial markets on Monday, June 8 – pushing Bitcoin toward the critical $60,000 support level, according to market data. The Nasdaq composite fell 3.2%, with major technology firms such as Apple, Microsoft and Nvidia losing between 4% and 6% […]
06/12/2026
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By Sterling Ashworth
Energy Prices Push U.S. Inflation to 4.2%, Highest Since 2023
U.S. inflation rose to 4.2% in May, the highest since April 2023, according to data released Wednesday, June 10, by the Bureau of Labor Statistics (BLS). The Consumer Price Index (CPI) increased 0.5% from April, matching economists’ expectations, the report stated. Energy prices were the primary driver, rising 3.9% month-over-month and 23.5% year-over-year, accounting for about […]
06/12/2026
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By Sterling Ashworth
Coinbase Exec: Institutional Buyers Seen Acquiring Bitcoin Amid Price Plunge
Bitcoin fell below $60,000 on Monday, June 8 – reaching as low as $59,099, according to market data. The decline represents a drop of more than 50% from the cryptocurrency’s all-time high near $126,000 reached in October 2025. But John D’Agostino, Coinbase’s head of institutional strategy, said in an interview on CNBC‘s “Squawk Box” that […]
06/11/2026
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By Sterling Ashworth
Kuwait Offers Crude to Asian Buyers for First Time Since 1990-91 Gulf War
Kuwait Petroleum Corp. (KPC) has offered crude oil to Asian buyers for the first time since the 1990-91 Gulf War, marking a significant shift in the state-owned company’s sales strategy, according to officials familiar with the matter. The offer involves direct sales to refiners in Asia, a departure from KPC’s long-standing practice of selling through […]
06/11/2026
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By Sterling Ashworth
Gold Price Erases 2026 Gains After U.S. Jobs Data Boosts Rate Hike Expectations
Gold Price Drops 3.5% After Jobs Data Gold declined 3.5% to $4,315 per ounce on June 5, 2026, its lowest since March, according to trading data. The drop followed the release of the May nonfarm payrolls report, which showed stronger-than-expected job growth. U.S. gold futures fell more than 3.2% to $4,342 an ounce, erasing all […]
06/11/2026
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By Sterling Ashworth
U.S. Inflation Rises to 4.2% in May, Highest in Three Years; Trump Predicts Drop After Iran War
The U.S. annual inflation rate surged to 4.2% in May, up from 3.8% in April, according to Bureau of Labor Statistics (BLS) data released on Wednesday, June 10. This marks the highest 12-month inflation reading since April 2023. The increase was driven primarily by rising energy costs, the agency said. Core inflation, which excludes volatile food […]
06/10/2026
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By Sterling Ashworth
Russia Cuts Oil Exports Amid Ukrainian Drone Strikes and Domestic Shortages
Russia is reducing crude oil exports from its western ports to approximately 1.7 million barrels per day (bpd) in June, down from an estimated 2.5 million bpd in May, according to Reuters calculations cited by industry analysts. The cutback is driven by a combination of sustained Ukrainian drone strikes on oil infrastructure, domestic fuel shortages […]
06/08/2026
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By Sterling Ashworth
Strong U.S. Jobs Report Fuels Expectations of Federal Reserve Rate Hike by Year-End
The Bureau of Labor Statistics reported that nonfarm payrolls added 340,000 jobs in May, exceeding the 180,000 forecast by economists surveyed by Dow Jones. The unemployment rate fell to 3.6% from 3.9% in April, according to the report. “Probably no single economic statistic carries a greater emotional charge than the Labor Department’s monthly report on […]
06/08/2026
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By Sterling Ashworth
Bitcoin Price Dips Below “Fire Sale” Territory, Echoing FTX Collapse
Bitcoin price fell below $62,000 on Thursday, June 4, entering the lowest valuation band on the Bitcoin Rainbow Chart for only the second time since the collapse of the FTX exchange in November 2022, according to a report from Bitcoin Magazine. The Crypto Fear and Greed Index registered 12 out of 100, a reading deep […]
06/07/2026
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By Sterling Ashworth
U.S. Treasury Sanctions Iran’s Nobitex Crypto Exchange Amid Regional Conflict
The U.S. Treasury Department imposed sanctions on Nobitex, Iran’s largest cryptocurrency exchange, accusing it of facilitating transactions for Iran’s military, according to a Treasury statement [1]. The action, conducted by the Office of Foreign Assets Control (OFAC), blocks all assets held by the exchange under U.S. jurisdiction and prohibits U.S. persons from engaging in transactions […]
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