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Daily Broad Market Recap – October 23, 2024
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The major assets were all over the charts on Wednesday. US Treasury yields continued to rise, pushing the US dollar higher and dragging gold prices lower. Risk assets such as stocks and Bitcoin weakened, while crude oil prices failed to make new weekly highs. What were the catalysts that moved…
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Ethereum Price Faces Key Hurdles: Can It Break Through?
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This article is also available in Spanish. Ethereum price extended its losses and tested the $2,450 support area. ETH is recovering from its losses and faces several hurdles near the $2,550 level. Ethereum has started a bearish correction below the $2,550 support level. The price is trading below the $2,550…
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The stock market is flashing a signal that’s previously preceded a 10% slump, Citi says
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Wall Street subway stationGetty Images Investors’ exposure to the S&P 500 is the highest since mid-2023, Citi strategists said. The level of exposure at that time was followed by a 10% decline in the following months, they said. “Positioning risks rise when markets expand like this,” they said. Citi says…
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The stock market is flashing a signal that’s previously preceded a 10% slump, Citi says
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Wall Street subway stationGetty Images Investors’ exposure to the S&P 500 is the highest since mid-2023, Citi strategists said. The level of exposure at that time was followed by a 10% decline in the following months, they said. “Positioning risks rise when markets expand like this,” they said. Citi says…
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BOC Cuts Rates by 50bps, Now Aims to Stick the Landing on Inflation Control
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As expected in our event guide, the The Bank of Canada (BOC) cut overnight interest rates by 50 basis points from 4.25% to 3.75%. In October. This is the fourth consecutive reduction in interest rates since June. In its statement, the central bank welcomed inflation reaching the 2% target and…
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Base, Arbitrum, And Ethereum L2s Will Have To Buy Decentralization, Here’s Why
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After years of improvement, Ethereum, the world’s largest smart contract platform, has begun to expand. However, it is not expanding in the way that most proponents of decentralization would like. The network is trying to accommodate all its users, and now relies mainly on off-chain solutions using pooling techniques to…
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Trump is less favored by billionaires than Harris, finds Forbes
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When it comes to the presidential election, what used to look like the Kentucky Derby has turned into a Formula 1-style race. It’s all courtesy of billionaires pouring money on the scales of fairness. But which side do the wealthy prefer? Vice President and Democratic nominee Kamala Harris turned out…
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Expert Picks 5 Altcoins To Watch, Declaring Arrival Of The Altseason After Three Years
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Ronaldo is an experienced cryptocurrency enthusiast dedicated to the emerging and ever-evolving industry. With over five years of intense research and unwavering dedication, he has developed a deep interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which quickly turned into a deep passion to…
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Japanese lenders, TDB in Sh1.86bn loan deal for Menengai power project
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Two Japanese banks in partnership with the Trade and Development Bank of East and Southern Africa (TDB) have loaned British company Globelec $14.4 million (Sh1.86 billion) to finance the purchase of power generation equipment for the upcoming 35 MW geothermal power plant in Meningai, Nakuru County. . Under the joint…
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Japanese lenders, TDB in Sh1.86bn loan deal for Menengai power project
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Two Japanese banks in partnership with the Trade and Development Bank of East and Southern Africa (TDB) have loaned British company Globelec $14.4 million (Sh1.86 billion) to finance the purchase of power generation equipment for the upcoming 35 MW geothermal power plant in Meningai, Nakuru County. . Under the joint…
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Vitalik Buterin Labels Michael Saylor’s Bitcoin Comments ‘Batshit Insane’
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Statements made by a famous executive from a Bitcoin development company, in which he called on large financial institutions to acquire Bitcoin, Disappointed Cryptocurrency community. Michael Saylor, CEO of MicroStrategy, is now at the center of strong criticism after he said it would be better for Bitcoin to be in…
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Business development to bottom line: Turning effort into results!
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Let’s say… you’re a business leader who has done your best to empower your team to fly the flag for your company with absolute confidence and clarity about your brand and what it stands for. This means that you have successfully created a culture in which your vision, purpose, and…
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Bitcoin Bears Lose Control As BTC Net-Taker Volume Shifts Positive
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This article is also available in Spanish. Bitcoin has seen an impressive rally since early September, rising 31% from local lows of around $53,000. However, after testing the $69,500 supply level, the cryptocurrency is facing selling pressure. Despite this, Bitcoin remains strong, holding above the previous high of around $66,000,…
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ECB’s Anti-Bitcoin Propaganda Debunked In Academic Rebuttal
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In response to the latest anti-Bitcoin paper by the European Central Bank (ECB), a new academic paper entitled “Challenging Bias in ECB Bitcoin Analysis” has been published. This paper, authored by Murray Rudd, along with co-authors Allen Farrington, Freddie Niu, and Dennis Porter, provides a comprehensive critique of a recent…
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ECB’s Anti-Bitcoin Propaganda Debunked In Academic Rebuttal
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In response to the latest anti-Bitcoin paper by the European Central Bank (ECB), a new academic paper entitled “Challenging Bias in ECB Bitcoin Analysis” has been published. This paper, authored by Murray Rudd, along with co-authors Allen Farrington, Freddie Niu, and Dennis Porter, provides a comprehensive critique of a recent…
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Over half Israelis’ savings flow to S&P 500 in 2024
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Until three years ago, the S&P 500 Index, which comprises the largest companies in the US, was the province of expert investors in Israel. Barely 1% of the total amount of money invested for the long term was channeled to the US index, NIS 6 billion in total. A great…
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Over half Israelis’ savings flow to S&P 500 in 2024
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Until three years ago, the S&P 500 Index, which comprises the largest companies in the US, was the province of expert investors in Israel. Barely 1% of the total amount of money invested for the long term was channeled to the US index, NIS 6 billion in total. A great…
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Analyst Says Dogecoin Price Looks ‘Ready’, Predicts 5,202% Surge
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This article is also available in Spanish. Although the demand for meme coins is declining, one cryptocurrency analyst has claimed so the Dogecoin The price could be about to rise parabolically by 5,202%. Recently, The price of Dogecoin has seen a significant declineIt failed to break the key resistance levels.…
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Tech Stocks Up in Late Trading as Tesla Surges 8%: Markets Wrap
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(Bloomberg) — Big Tech companies rose in recent hours as Tesla Inc. “Magnificent Seven” earnings season with better than expected results. Treasury yields rose on bets that the Federal Reserve will take a more measured approach to interest rate cuts. Most read from Bloomberg After the stock market sell-off, Wall…
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From Russia With Fraud: ‘Crypto Queen’ Diverts Funds To Ukrainian Army
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A detained social media influencer could be headed to a Russian prison and remain there for nearly 10 years serving her sentence for committing cryptocurrency fraud. Valeria Fedyakina, dubbed the “Queen of Cryptocurrencies,” is at the center of multiple accusations of widespread fraudulent activities which have reportedly included… Financing the…