Category: Global
-
Bitcoin Dips Below $50K as Global Market Crashes
•
the Bitcoin price Bitcoin prices fell below $50,000 on Monday, hitting their lowest levels in more than six months amid a broad sell-off in the global market. broke down: #Bitcoin Drops below $50,000 pic.twitter.com/11og9GoSyi — Bitcoin Magazine (@BitcoinMagazine) August 5, 2024 Bitcoin fell about 20% to around $49,000 before recovering…
-
Bitcoin Crashes Below $53K Amid Global Market Turmoil
•
Image source: cryptopolitan The cryptocurrency market has seen a significant decline in recent days, with Bitcoin (BTC), the leading digital asset, Sharp drop below $53,000 This sudden disruption in the cryptocurrency market sent shockwaves through the entire cryptocurrency ecosystem, wiping out over $800 million in liquidated positions across the market.…
-
Bitcoin Crashes Below $53K Amid Global Market Turmoil
•
Image source: cryptopolitan The cryptocurrency market has seen a significant decline in recent days, with Bitcoin (BTC), the leading digital asset, Sharp drop below $53,000 This sudden disruption in the cryptocurrency market sent shockwaves through the entire cryptocurrency ecosystem, wiping out over $800 million in liquidated positions across the market.…
-
Australia’s police joins global campaign to disrupt crypto scams
•
The Australian Federal Police has teamed up with Chainalysis to identify more than 2,000 hacked cryptocurrency wallets owned by Australians. Australia’s national police agency, the Australian Federal Police, has partnered with blockchain forensics specialist Chainalysis to combat cryptocurrency fraudsters as the number of hacked cryptocurrency wallets belonging to Australians has…
-
Australia’s police joins global campaign to disrupt crypto scams
•
The Australian Federal Police has teamed up with Chainalysis to identify more than 2,000 hacked cryptocurrency wallets owned by Australians. Australia’s national police agency, the Australian Federal Police, has partnered with blockchain forensics specialist Chainalysis to combat cryptocurrency fraudsters as the number of hacked cryptocurrency wallets belonging to Australians has…
-
Global Stock Rout Intensifies, Powering Bond Rally: Markets Wrap
•
Breadcrumbs Path Links PMN Business Global stocks deepened on Monday as concerns grew that the Federal Reserve would delay its policy support for the slowing U.S. economy, prompting investors to seek safety in bonds. Japanese shares fell for a third straight day as traders priced in more domestic interest rate…
-
Global Liquidity Hits All Time High, Bitcoin To Follow?
•
According to data from Bitcoin Pro MagazineThe global money supply, also known as global liquidity, has reached an all-time high of $95 trillion; this key indicator is being closely watched by Bitcoin investors and analysts, as historically high liquidity has preceded major rallies. Global Liquidity It is the total amount…
-
Global Market Weekly Recap: July 29 – August 2, 2024
•
The usual correlations between major assets were not in evidence at the start of the week as top-tier data releases sparked volatile price reactions and individual directional moves. Interest rate developments in the US, Japan and the UK were at the forefront, although tensions in the Middle East and US…
-
ICYMI – the J.P. Morgan Global Manufacturing PMI fell to 49.7 in July from 50.8 in June
•
The latest JPM Global Manufacturing PMI was released on Thursday, falling below 50 in July, indicating a return to contraction. JPMorgan’s global manufacturing PMI fell to 49.7 in July from 50.8 in June. First contraction in 2024 so far, ending 6-month expansion streak Output growth slowed sharply, and new orders…
-
July’s ‘furious rotation’ was a catch-up for global equities that lagged in Q2 – DataTrek
•
Pavel Muravyov July saw a sharp drop in interest rates, causing a “violent turnover” in cyclical and interest rate-sensitive sectors such as small caps in the US (VB), (IJR), (SCHA), (IWM), as well as Europe (IEUR) and Japan (EWJ). Both two-year (US2Y) and ten-year (US10Y) Treasury bondsYields fell from 4.72%…
-
Dollar’s reign to live on even as global monetary landscape evolves By Investing.com
•
Investing.com — UBS Global Research maintains a positive outlook for the continued dominance of the U.S. dollar as the world’s primary reserve currency. Despite growing concerns about its sustainability, analysts say several factors will support the U.S. dollar’s preeminent status for years to come. While UBS points to the potential…
-
McDonald’s global sales drop for the first time in four years as cost of living impacts consumer choices
•
McDonald’s global sales fell for the first time in nearly four years, falling 1% in the second quarter as consumers tired of inflation opted to eat at home or opt for cheaper menu options. The company expects same-store sales to continue to decline over the next few quarters, and is…
-
McDonald’s global sales drop for the first time in four years as cost of living impacts consumer choices
•
McDonald’s global sales fell for the first time in nearly four years, falling 1% in the second quarter as consumers tired of inflation opted to eat at home or opt for cheaper menu options. The company expects same-store sales to continue to decline over the next few quarters, and is…
-
Yellen says $3T needed annually to ensure shift to low-carbon global economy (NASDAQ:ICLN)
•
GetYourPic/iStock via Getty Images US Treasury Secretary Janet Yellen said on Saturday that the global transition to a low-carbon economy will It requires $3 trillion in new capital every year. By 2050, which is far beyond current funding. Speaking in Brazil after a meeting with G20 finance ministers to discuss…
-
Global Market Weekly Recap: July 22 – 26, 2024
•
Market correlations have been intermittent throughout the week as traders try to reconcile several key market drivers throughout the week. In particular, renewed growth concerns in China and a tech sector sell-off on weak US earnings data led to large inflows into safe-haven assets during the first half of the…
-
AI could be the best long-term disinflationary force in a challenging global economy
•
Inflation has come down from last year’s peak, but as the latest figures show, it’s still not as low as anyone would like. The Fed has also raised interest rates 11 times and kept them at 23-year highs. Will that be enough? Perhaps, but some economists say we’re in a…
-
AI could be the best long-term disinflationary force in a challenging global economy
•
Inflation has come down from last year’s peak, but as the latest figures show, it’s still not as low as anyone would like. The Fed has also raised interest rates 11 times and kept them at 23-year highs. Will that be enough? Perhaps, but some economists say we’re in a…
-
United Airlines, American Airlines provide updates after global IT outage (NASDAQ:UAL)
•
labsas/iStock Not published via Getty Images United AirlinesNASDAQ: UAL) said on Saturday that most of its technology systems were back up and running a day after a global IT outage, while American Airlines said itNASDAQ:AL) said its operations were fully back to normal. Wrong update from cybersecurity company Crowd Strike…