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feat: 🎸 manually update previous weekly news #866
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Original file line number | Diff line number | Diff line change |
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import Image from 'next/image'; | ||
import React from 'react'; | ||
import {BiArrowBack} from 'react-icons/bi'; | ||
import NavBar from '../nav_bar/nav_bar'; | ||
import {useRouter} from 'next/router'; | ||
import Link from 'next/link'; | ||
import {timestampToString} from '../../lib/common'; | ||
import {ISocialMedia, ShareSettings, SocialMediaConstant} from '../../constants/social_media'; | ||
import useShareProcess from '../../lib/hooks/use_share_process'; | ||
import {ShareType} from '../../constants/share_type'; | ||
import {NEWS_IMG_HEIGHT, NEWS_IMG_WIDTH} from '../../constants/display'; | ||
|
||
interface IRecommendedNews { | ||
newsId: string; | ||
img: string; | ||
timestamp: number; | ||
title: string; | ||
description: string; | ||
} | ||
|
||
interface INews { | ||
newsId: string; | ||
img: string; | ||
timestamp: number; | ||
title: string; | ||
content: string; | ||
} | ||
|
||
interface INewsArticle { | ||
shareId: string; | ||
|
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news: INews; | ||
recommendations?: Array<IRecommendedNews>; | ||
} | ||
|
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const NewsArticle0602 = ({shareId, news, recommendations}: INewsArticle) => { | ||
const date = timestampToString(news.timestamp || 0).date; | ||
const socialMediaStyle = 'hover:cursor-pointer hover:opacity-80'; | ||
|
||
const {share} = useShareProcess({ | ||
lockerName: 'news_article_0602.shareHandler', | ||
shareType: ShareType.ARTICLE, | ||
shareId: shareId, | ||
}); | ||
|
||
return ( | ||
<div className="bg-gradient-to-r from-darkGray1/80 via-black to-black pb-20"> | ||
<div className="ml-5 h-10 w-6 pt-24 pb-14 transition-all duration-200 hover:opacity-70 lg:hidden"> | ||
<Link href="/news"> | ||
<BiArrowBack size={25} /> | ||
</Link>{' '} | ||
</div> | ||
|
||
<div className="flex w-full justify-center lg:pt-36"> | ||
<div className="hidden h-10 w-6 transition-all duration-200 hover:opacity-70 lg:-ml-20 lg:mr-20 lg:flex"> | ||
<Link href="/news"> | ||
<BiArrowBack size={25} /> | ||
</Link> | ||
</div> | ||
<div className="w-full px-5 md:w-90vw lg:w-70vw xl:w-3/5"> | ||
<Image | ||
src={news.img} | ||
style={{objectFit: 'cover'}} | ||
width={NEWS_IMG_WIDTH} | ||
height={NEWS_IMG_HEIGHT} | ||
alt="image" | ||
/> | ||
<div className="my-8 flex justify-between"> | ||
{' '} | ||
<h1 className="pr-10 text-xl font-normal leading-8 tracking-wider">{news.title}</h1> | ||
<p className="mt-2 text-xs text-lightGray lg:text-sm">{date}</p> | ||
</div> | ||
{/* TODO: markdown (20230602 - Shirley) */} | ||
{/* <p className="text-base leading-10 tracking-normal text-lightGray1">{news.content}</p> */} | ||
|
||
<div className="prose mt-5 max-w-none leading-10 tracking-normal"> | ||
<h2 className="mb-5 text-xl font-bold">Introduction</h2> | ||
<p className="mb-5"> | ||
The unpredictable terrain of cryptocurrencies is experiencing a considerable degree of | ||
turbulence. It is looking down the barrel of an uncertain week ahead, with a potential | ||
downturn in its value. After an in-depth analysis of international policy shifts, | ||
technical market predictions, and overarching economic news, a plausible outcome could | ||
be{' '} | ||
<span className="font-bold"> | ||
a over 5% depreciation in Ethereum's value from June 3-9, 2023. | ||
</span>{' '} | ||
In this comprehensive exploration, we will delve into these three major dimensions and | ||
the multifaceted factors that support them, to fully understand the composite factors | ||
contributing to this market prediction. | ||
</p> | ||
<h2 className="mb-5 text-xl font-bold">Global Regulatory Stance</h2> | ||
<p className="mb-5"> | ||
On the international policy front, there are a couple of significant developments that | ||
might potentially drive down Ethereum's price.{' '} | ||
<span className="font-bold"> | ||
Russia, a country that holds considerable sway in the global crypto market, is | ||
poised to implement new regulations on the establishment and operation of | ||
cryptocurrency exchanges. | ||
</span>{' '} | ||
These proposed regulations signal a stark shift in Russia's stance towards | ||
cryptocurrencies, casting a cloud of uncertainty over the market. Given the scale of | ||
Russia's involvement in the crypto market, these changes could potentially trigger | ||
market instability, which may, in turn, negatively affect the demand for and | ||
consequently the price of Ethereum. This uncertainty, coupled with a potential | ||
reduction in the participation of Russian players in the crypto market, forms a | ||
compelling case for a potential downturn in Ethereum's value. | ||
</p> | ||
<p className="mb-5"> | ||
A similar development is occurring in Bali, Indonesia, where the government has | ||
initiated a crackdown on foreign tourists using cryptocurrencies for payment.{' '} | ||
<span className="font-bold"> | ||
Bali, with its thriving tourism industry, forms a significant chunk of Indonesia's | ||
economy. If the use of cryptocurrencies like Ethereum is curtailed in such a major | ||
economy, it could inevitably lead to a decline in the global demand for Ethereum. | ||
</span>{' '} | ||
These restrictions could create a challenging environment for the use of | ||
cryptocurrencies, further exacerbating the potential decline in Ethereum's value. | ||
Given these shifting sands in the international policy landscape, Ethereum may well be | ||
set for a potentially significant decline. | ||
</p> | ||
<h2 className="mb-5 text-xl font-bold">Market Indicators</h2> | ||
<p className="mb-5"> | ||
From a technical analysis standpoint, the prognosis for Ethereum isn't very optimistic | ||
either. Indications are that Bitcoin and Ethereum possess further correction | ||
potential, hinting at the possibility of a continuation of the recent downward trends. | ||
Given the correlation between Bitcoin and Ethereum, it stands to reason that if | ||
Bitcoin is likely to continue its descent, Ethereum might not be far behind. The | ||
market dynamics that have driven Bitcoin's recent declines could very well influence | ||
Ethereum's trajectory in a similar fashion. | ||
</p> | ||
<p className="mb-5"> | ||
Ethereum's market sentiment has been depicted as negative. A negative market sentiment | ||
could indicate a reduced appetite for Ethereum among investors, thereby potentially | ||
leading to lower demand and subsequently, a decline in Ethereum's price. This | ||
analysis, coupled with the potential for market correction, paints a fairly bleak | ||
picture for Ethereum in the week ahead. | ||
</p> | ||
<h2 className="mb-5 text-xl font-bold">Economic Outlook and Trends</h2> | ||
<p className="mb-5"> | ||
On the overall economic news front, several significant global developments could | ||
potentially contribute to a decline in Ethereum's price. The uncertainty surrounding | ||
the US debt ceiling and its potential impact on Bitcoin is notable. Considering that | ||
Ethereum often follows similar market trends to Bitcoin, this uncertainty could also | ||
weigh heavily on Ethereum's price. The potential for increased market volatility could | ||
spur risk-averse behavior among investors, leading to a reduction in the demand for | ||
Ethereum, thereby potentially causing a downturn in its value. | ||
</p> | ||
<p className="mb-5"> | ||
A cautious trend for the stock market in the week ahead is observed, owing to ongoing | ||
geopolitical tensions and economic uncertainty. Given the correlation between | ||
cryptocurrency markets and traditional financial markets, this trend of caution and | ||
uncertainty could potentially spill over into Ethereum's market, exerting downward | ||
pressure on its price. The role of regulatory uncertainty and global economic | ||
conditions in determining cryptocurrency prices is emphasized. Given the current | ||
global uncertainties, it's conceivable that Ethereum might be on the brink of a | ||
negative price trend. | ||
</p> | ||
<p className="mb-5"> | ||
The possible impact of the ongoing banking crisis and the US debt ceiling issue on the | ||
cryptocurrency market is noteworthy. | ||
</p> | ||
<p className="mb-5"> | ||
Given that the US is a major economy, any uncertainty originating here can have a | ||
ripple effect across global markets. Such uncertainty could cause investors to become | ||
risk-averse, potentially leading to a sell-off in the cryptocurrency market, which | ||
could then affect Ethereum's price. | ||
</p> | ||
<h2 className="mb-5 text-xl font-bold">Summary</h2> | ||
<p className="mb-5"> | ||
In conclusion, the convergence of the international policy shifts, market indicators, | ||
and global economic trends point towards a potential 5% downturn in Ethereum's value | ||
in the week ahead. The week will be largely dictated by the looming regulatory changes | ||
in Russia and Bali, the negative market sentiment, the potential for further market | ||
correction, and the wider economic uncertainties. While the cryptocurrency terrain is | ||
notoriously unpredictable, these factors collectively suggest a possible dip in | ||
Ethereum's value. In the following week, our focus will be on monitoring these events | ||
closely and evaluating their impacts on Ethereum's trajectory. | ||
</p> | ||
<h2 className="mb-5 text-xl font-bold">Reference</h2> | ||
<ul className="mb-5 list-inside list-disc"> | ||
<li> | ||
<a | ||
className="text-blue-400 underline" | ||
href="https://iz-ru.translate.goog/1519017/mariia-kolobova/novyi-bitok-v-rossii-poiaviatsia-pravila-sozdaniia-i-raboty-kriptobirzh?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp" | ||
> | ||
iz-ru.translate | ||
</a> | ||
</li> | ||
<li> | ||
<a | ||
className="text-blue-400 underline" | ||
href="https://www.channelnewsasia.com/asia/bali-crack-down-foreign-tourists-using-crypto-payment-3521321" | ||
> | ||
channelnewsasia.com | ||
</a> | ||
</li> | ||
<li> | ||
<a | ||
className="text-blue-400 underline" | ||
href="https://coinmarketcap.com/community/articles/6476c4ef3b4ced4c1ed259d2/" | ||
> | ||
coinmarketcap.com | ||
</a> | ||
</li> | ||
<li> | ||
<a | ||
className="text-blue-400 underline" | ||
href="https://forkast.news/weekly-market-wrap-bitcoin-weighed-down-debt-ceiling-uncertainty/" | ||
> | ||
forkast.news | ||
</a> | ||
</li> | ||
<li> | ||
<a | ||
className="text-blue-400 underline" | ||
href="https://www.fxstreet.com/cryptocurrencies/news/bitcoin-and-ethereum-have-further-correction-potential-202305250851" | ||
> | ||
fxstreet.com | ||
</a> | ||
</li> | ||
<li> | ||
<a | ||
className="text-blue-400 underline" | ||
href="https://app.intotheblock.com/coin/ETH?pid=fxstreet&utm_source=fxstreet_widget" | ||
> | ||
intotheblock.com | ||
</a> | ||
</li> | ||
<li> | ||
<a | ||
className="text-blue-400 underline" | ||
href="https://edition.cnn.com/2023/05/28/business/stocks-week-ahead/index.html" | ||
> | ||
edition.cnn.com | ||
</a> | ||
</li> | ||
<li> | ||
<a | ||
className="text-blue-400 underline" | ||
href="https://cointelegraph.com/news/bank-crisis-debt-ceiling-powder-keg-bitmex-arthur-hayes" | ||
> | ||
cointelegraph.com | ||
</a> | ||
</li> | ||
</ul> | ||
</div> | ||
|
||
<div className="my-16 text-lightGray"> | ||
<div className="mb-3">Share this on</div> | ||
<div className="flex justify-start space-x-5"> | ||
{Object.entries(ShareSettings).map(([key, value]) => ( | ||
<div key={key} className={`${socialMediaStyle}`}> | ||
<Image | ||
onClick={() => share({socialMedia: key as ISocialMedia, text: value.TEXT})} | ||
src={value.ICON} | ||
width={44} | ||
height={44} | ||
alt={key} | ||
/> | ||
</div> | ||
))} | ||
</div> | ||
</div> | ||
</div> | ||
</div> | ||
{recommendations ? ( | ||
<> | ||
<div className="mx-10 border-b border-dashed border-white/50"></div> | ||
|
||
<div className="md:mx-20"> | ||
<div className="mx-5 my-10 text-base text-lightGray md:mx-0"> | ||
You might also like ... | ||
</div> | ||
<div className="mx-0 flex-col space-y-16 lg:grid lg:grid-cols-3 lg:gap-2 xl:mx-12"> | ||
{recommendations.map((item, index) => ( | ||
<div | ||
key={item.newsId} | ||
className={`${ | ||
index === 0 ? `mt-16` : `` | ||
} mx-auto w-300px flex-col items-center space-y-4 md:w-400px lg:w-250px xl:w-300px 2xl:w-400px`} | ||
> | ||
<Link href={`/news/${item.newsId}`}> | ||
<Image | ||
className="" | ||
src={item.img} | ||
style={{objectFit: 'cover'}} | ||
width={400} | ||
height={100} | ||
alt={`news img`} | ||
/> | ||
<div className="my-5 text-xl text-lightWhite">{item.title}</div> | ||
<div className="text-sm text-lightWhite">{item.description}</div> | ||
<div className="my-5 text-sm text-lightGray"> | ||
{timestampToString(item.timestamp).date} | ||
</div> | ||
</Link> | ||
</div> | ||
))} | ||
</div> | ||
</div> | ||
</> | ||
) : null} | ||
</div> | ||
); | ||
}; | ||
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export default NewsArticle0602; |
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