Your Daily Career Tarot Card Reading for July 8th, 2025
8.7.25 The World: It's time to take center stage and show the world what you can do. If you've invested a lot of energy into your business or career pursuits, then the ability to market yourself in the right way may be crucial to your success. It's worthwhile doing what you can to impress the right people and get your message out there, as the rewards can be tremendous.
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Crypto Insight
2 hours ago
- Crypto Insight
Altcoins are rocketing, Bitcoin dominance hasn't ‘even sneezed': Analyst
A crypto analyst suggests altcoins may have plenty more upside, as many are already surging without pulling much market share from Bitcoin. 'BTC dominance hasn't even sneezed and Alts are ripping,' crypto analyst Matthew Hyland said in an X post on Friday. Bitcoin reaches new highs on three consecutive days TradingView shows Bitcoin Dominance is 64.46% at the time of publication, down just 1.53% over the past week, while altcoins saw significant price spikes amid Bitcoin reaching new all-time highs on Wednesday, Thursday, and reaching $118,760 on Friday. Hyland said, 'What do you think happens if it drops from 65 to 45.' Analysts have traditionally used Bitcoin Dominance to gauge the timing of altcoin season, with a decline typically seen as a signal that altcoins are gaining market share. However, while BTC Dominance stayed relatively steady, the recent altcoin surge could signal that fresh capital is flowing into the wider market. MemeCore (M) leads the top 100 crypto gainers over the past seven days with a 1,263% surge, followed by Mog Coin up 75.01%, and Stellar up 67.43%, according to CoinMarketCap data. Ether, the second largest crypto by market cap, is up 17.68% over the past seven days, which is often another indicator traders use to determine when the focus is turning from Bitcoin to the broader market. Trader says this will be the 'final easy' Altcoin season The ETH/BTC ratio, which measures Ether's relative strength against Bitcoin, is up 8.39% over the past seven days. However, CoinMarketCap's Altcoin Season Index suggests the market is still heavily favoring Bitcoin, with the Index reading a 'Bitcoin Season' score of 29 out of 100. In an X post on Friday, MN Trading Capital founder Michael van de Poppe said, 'I assume that we're about to witness the final easy and biggest bull ever on Altcoins.' Meanwhile, Santiment recently said that their metrics indicate that the altcoin season has begun. 'The data confirms that, for now, it has,' Santiment said. 'As long as Bitcoin can maintain its position above the crucial psychological support level of around $110k, traders will likely feel comfortable redistributing profits into altcoins,' they added. Source:
The National
3 hours ago
- The National
Central bank demand, geopolitical tension, trade friction and US dollar weakness to support gold this year
Persistent central bank demand, geopolitical tension, sanctions, trade friction and further US dollar weakness are expected to continue supporting gold prices in the second half of the year, analysts say. Bullion prices have recorded year-to-date gains of roughly 26 per cent. Gold prices are trending upwards, reaching $3,355.95 per ounce as of July 12, driven by geopolitical tension, including the Russia-Ukraine conflict, and US tariff policies under President Donald Trump, which bolster its safe-haven appeal. 'The prospect of lower US interest rates could reignite demand, especially for metal-backed exchange-traded funds by reducing the opportunity cost of holding non-yielding assets like precious metals, compared to short-dated government bonds,' said Ole Hansen, head of commodity strategy at Saxo Bank. ' Precious metals are politically neutral, unlike sovereign bonds or fiat currencies. They are universally recognised as a store of value, not tied to the creditworthiness of any nation, which is why central banks are increasingly allocating to gold as a core reserve asset.' Mr Trump unveiled new tariffs against more than a dozen countries on Monday as he increases pressure on America's trade partners to negotiate on deals. Tunisia, Japan, South Korea, Malaysia and Kazakhstan were all hit with tariffs of 25 per cent. Mr Trump announced tariffs of 30 per cent on Bosnia and Herzegovina and South Africa, 32 per cent on Indonesia, 35 per cent on Bangladesh and Serbia, 36 per cent on Cambodia and Thailand, and 40 per cent on Myanmar. He said the US would impose a 35 per cent tariff on imports from Canada next month and also threatened to impose another 10 per cent tariff on any country that aligns itself with the Brics group of emerging economies. Gold is currently trading in a relatively tight horizontal range just below the April record high near $3,500, Saxo Bank's Mr Hansen said. A lack of 'fresh bullish catalysts' has raised the risk of a deeper correction, especially after recent signs of 'buyer fatigue', he added. 'Gold notably failed to rally alongside silver and platinum or attract a safe-haven bid during the brief Israel-Iran conflict. At the same time, surprisingly strong US economic data has postponed rate cut expectations without triggering a significant gold sell-off – another sign of underlying resilience,' Mr Hansen said. 'Technically, gold remains in consolidation mode, with immediate support at $3,245 and secondary support at $3,120. A break below the 200-day moving average – currently at $2,945 – would challenge our bullish outlook. 'However, gold has remained above that level since October 2023, when it traded below $2,000. Until then, we view this consolidation as a pause – not the end – of the investment metals rally.' Ipek Ozkardeskaya, senior analyst at Swissquote Bank, said trade and geopolitical tension have been the major driving force of gold prices so far this year, yet there is strong resistance at $3,400 per ounce lately. Watch: Dubai's gold traders say demand for raw product up amid broader sales slump Gold remains a 'valid play' in the context of rising inflationary pressures with, however, limited upside potential from the actual levels, she said. 'We recommend holding 10 per cent of gold in traditional portfolios,' she added. Strong central bank buying of 900 tonnes in 2025 and robust ETF inflows of 552 tonnes in the first quarter of 2025 reflect sustained demand for gold, while a softer US dollar and anticipated Federal Reserve rate cuts (100 basis points by year-end) enhance the precious metal's attractiveness as an inflation hedge, according to Aaron Hill, chief analyst at forex trading broker FP Market. Mr Hansen of Saxo Bank has a 'constructive' outlook on gold in the second half of the year. Key sources of support include persistent central bank demand aimed at diversifying and de-dollarising reserves, stagflation risks in the US, particularly if the full impact of Mr Trump's tariff policies spur deeper rate cuts, as well as continuing geopolitical tension, sanctions, and trade friction, he said. Other driving factors are mounting US fiscal concerns, with the 'Big Beautiful Bill' set to further inflate an already unsustainable deficit, Mr Hansen added. Also in view is portfolio rebalancing by sovereign wealth funds and institutional investors away from US equities and treasuries, towards tangible assets such as metals, and further dollar weakness particularly if stagflation fears intensify.
UAE Moments
5 hours ago
- UAE Moments
US Visa Integrity Fee: Key Details for Travelers Explained
US Visa Integrity Fee: Everything You Need to Know On July 4, US President Donald Trump signed the "One Big Beautiful Bill" Act into law, introducing significant changes to visa-related fees. Among the most notable updates is the new "Visa Integrity Fee," which has sparked global interest as travelers seek to understand its implications. What Is the Visa Integrity Fee? The Visa Integrity Fee is a mandatory charge applied to all non-immigrant visa applicants. This includes individuals applying for tourist, student, or work visas. The fee is in addition to the regular costs associated with visa applications and aims to enhance compliance with US visa regulations. How Much Does the Visa Integrity Fee Cost? As outlined in the bill, the Visa Integrity Fee starts at $250. However, the Secretary of Homeland Security has the authority to increase this amount as deemed necessary. Starting from 2026, the fee will be subject to annual adjustments to account for inflation, calculated using the Consumer Price Index. Is the Visa Integrity Fee Waivable? No, the Visa Integrity Fee cannot be waived under any circumstances. However, specific cases allow for reimbursement of this fee, provided certain criteria are met. Who Is Eligible for Fee Reimbursement? To qualify for reimbursement of the Visa Integrity Fee, applicants must meet strict requirements designed to enforce visa compliance. These criteria include: Adhering to all visa-related rules, including avoiding illegal employment. Departing the United States within five days of the visa's expiration date without requesting an extension. Securing a visa extension or obtaining a green card during the validity period of their visa. Why Was the Visa Integrity Fee Introduced? The Visa Integrity Fee was designed to ensure visa applicants follow US immigration laws and procedures. By introducing this fee, the government aims to discourage visa violations such as overstays, illegal work practices, and non-compliance. Furthermore, the fee's annual adjustment mechanism ensures its relevance over time by accounting for inflation. Impact of the Fee on Travelers For travelers seeking non-immigrant visas to the United States, the additional cost could influence budgeting considerations. Families traveling together, students studying abroad, and foreign workers may need to factor this extra charge into their plans. The potential for reimbursement offers some relief, albeit limited to those who fully adhere to visa regulations. How to Stay Informed?
