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Personal loans booming as cost of living drives Australians to borrow record amounts
theguardian15d ago

Personal loans booming as cost of living drives Australians to borrow record amounts

National debt helpline calls have increased alongside growth in new personal loans, which charged an average 9% interest in March Get our breaking news email , free app or daily news podcast Australians are borrowing record amounts in personal loans as a long-term buildup in living costs wipes out savings buffers. New personal loans issued by banks reached a record $5.1bn in the first three months of 2026, according to Australian Bureau of Statistics data. Continue reading...

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Bitcoin Testing A Critical Support After Sharp Market-Wide Selloff
newsbtc15d ago

Bitcoin Testing A Critical Support After Sharp Market-Wide Selloff

Bitcoin is facing a pivotal moment after a sharp market-wide selloff dragged prices toward a major support level. As bearish momentum begins to slow and signs of buyer interest emerge, the coming days could reveal whether this zone becomes the foundation for a rebound or the gateway to a deeper correction. Bitcoin Loses Previous Monthly Low As June Begins Analyzing Bitcoin’s outlook for June, Lennaert Snyder observed that BTC started the month by breaking below the previous month’s low, a development that has weakened the near-term technical picture. In his view, this early loss of support makes a move toward the prior monthly high near $82,800 significantly less likely. Related Reading: Bitcoin’s Market Structure Reflects The Influence Of Major Investors The analyst explained that monthly clearout candles are relatively rare occurrences, reducing the probability of Bitcoin reclaiming higher levels in the short term. Attention is now shifting toward a major support zone that could influence market direction throughout the remainder of the month. Snyder also noted that the recent selloff left behind considerable liquidity, creating an environment where prices could become increasingly volatile. As Bitcoin trades within this broader support range, he expects periods of consolidation and choppy price action, along with occasional relief rallies. Moving forward, the analyst intends to closely track price behavior for potential intraday opportunities and liquidity-driven setups. He added that another sharp downside sweep could trigger additional long liquidations, generating fresh trading opportunities. BTC Faces Its Biggest Test Yet At $60,000 Kamile Uray noted that Bitcoin suffered a sharp decline alongside the broader financial markets, bringing the cryptocurrency back to the closely watched $60,000 level. The analyst emphasized that this area has long been considered a major support zone, and a stronger buyer response here could spark a corrective rebound following the recent selloff. Related Reading: Bitcoin Recovery Rally Or Bull Trap? These Key Levels Hold The Answer Uray also pointed out that the Relative Strength Index (RSI) remains in oversold territory on both the daily and 4-hour timeframes. Such conditions indicate that bearish momentum may be weakening, increasing the possibility of a short-term recovery. According to the analyst, the formation of candles with long lower wicks would be an encouraging sign that demand is emerging at current levels. In the event of a rebound, the first resistance to watch sits around $67,500, followed by the more significant $74,000–$75,000 zone. However, Uray cautioned that the risk of further downside will remain until Bitcoin can establish sustained strength above $74,569. Currently, the $60,000 level remains the key line of defense for the bulls. A decisive break below this support could expose Bitcoin to a deeper decline toward the $55,000–$50,000 region. On the upside, if momentum continues to improve, key resistance levels are at $74,569, $82,885, $98,000, and the $107,000–$109,000 area, with the latter expected to act as a major barrier to further gains. Featured image from Getty Images, chart from Tradingview.com

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Snowflake Has a Hot New Product
fool15d ago

Snowflake Has a Hot New Product

Snowflake’s latest financial results were catalyzed by one of its newest AI product offerings. Plus, the sluggish mortgage refinancing environment is impacting publicly traded companies.

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google15d ago

Crypto's brutal week: Bitcoin (BTC), Ether (ETH) suffer worst weekly drop since FTX crash - CoinDesk

Crypto's brutal week: Bitcoin (BTC), Ether (ETH) suffer worst weekly drop since FTX crash CoinDesk Bitcoin cracks $60,000, sinking to lowest level since October 2024 CNBC Bitcoin's Price Is Back Near Its 2026 Low. Here's How Rough This Week Has Been for Crypto. Investopedia Bitcoin price crash reveals a surprisingly positive future outcome Yahoo Finance Bitcoin is down horrendous Morning Brew

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Bittam Launches No-KYC Crypto Perpetual Futures Trading with 200x Leverage and $100 Deposit Bonus
benzinga15d ago

Bittam Launches No-KYC Crypto Perpetual Futures Trading with 200x Leverage and $100 Deposit Bonus

NEW YORK, June 06, 2026 (GLOBE NEWSWIRE) -- Bittam Exchange today announced the launch of a $300 New User Bonus for newly registered users , offering trading credits to eligible participants who complete account registration and initial trading activities on the platform. Bittam Exchange operates as a globally licensed digital asset derivatives platform and offers index-based trading products designed to support a wide range of trading strategies. The platform provides access to leverage of up to 200x, streamlined onboarding, and cost-efficient execution designed to accommodate both new and experienced traders. Key platform features include: No KYC, instant trading — start trading within seconds without complicated verification; Up to 200× leverage — meet diverse trading strategies for both beginners and pros; Zero-slippage index contracts — precise execution where profits are exactly as you see them; No funding fees or overnight charges — trade freely without hidden costs; 100% deposit bonus — double your capital instantly and amplify your potential returns Full story available on Benzinga.com

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Top Gold Mutual Funds: Best Investments for 2024
business2business_co_in15d ago

Top Gold Mutual Funds: Best Investments for 2024

Gold mutual funds are investment funds that include assets associated with gold. These assets can range from physical gold, such as gold bars, ...

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WAF launches environmental and social management system
fbcnews15d ago

WAF launches environmental and social management system

The Water Authority of Fiji has launched a new framework aimed at improving the way major infrastructure projects are planned and delivered. The Environmental and Social Management System, or ESMS, is designed to identify risks early and ensure environmental and social impacts are considered from planning through to construction. Public Works Minister Ro Filipe Tuisawau [...]

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