Category: market
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Eight altcoins rally 10+% as volatility swings market
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Cryptocurrencies jumped in total market capitalization and 24-hour trading volume on Monday, providing a price boon to many altcoins. CoinMarketCap Data It showed a 55% jump in daily trading volumes that coincided with a 5% increase in the total cryptocurrency market cap, putting the entire market above a $2.5 trillion…
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Eight altcoins rally 10+% as volatility swings market
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Cryptocurrencies jumped in total market capitalization and 24-hour trading volume on Monday, providing a price boon to many altcoins. CoinMarketCap Data It showed a 55% jump in daily trading volumes that coincided with a 5% increase in the total cryptocurrency market cap, putting the entire market above a $2.5 trillion…
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Daily Broad Market Recap – May 20, 2024
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With not many high-level economic releases, markets focused on the Fed’s speech and other asset-specific catalysts. What headlines caught traders’ attention on Monday? We have deets! Titles: The markets of Switzerland, Germany, France and Canada are on holiday Correct movement: Average property prices coming to market in the UK Up…
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Bitcoin Price Dips Yet Stays Positive: Market Sentiment Remains Upbeat
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Bitcoin price extended its rally above the $67,500 resistance level. BTC tested the $68,000 resistance level and is currently correcting gains. Bitcoin started a downward correction after rising towards the $68,000 resistance area. The price is trading below the $67,000 level and the 100 hourly simple moving average. There was…
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Weekly Market Outlook (20-24 May)
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Upcoming events: Monday: People’s Bank of China LPR, Waller Federal Reserve Bank. Tuesday: Reserve Bank of Australia meeting minutes, Canadian Consumer Price Index. Wednesday: Reserve Bank of New Zealand policy decision, UK CPI, FOMC minutes. Thursday: New Zealand Q1 retail sales, Australia/Japan/Eurozone/UK/US flash PMIs, Eurozone negotiated Q1 wage growth, and…
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Adecoagro maintains stability amid market shifts By Investing.com
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Adecoagro (AGRO), a leading agricultural company, reported its first-quarter 2024 results with a consolidated adjusted EBITDA of $90 million, holding steady compared to the previous year. Despite a decline in sugar prices affecting its sugar, ethanol, and energy segment’s year-over-year EBITDA, the company’s farming operations saw a significant recovery in…
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Stock market rally: 14 of world’s 20 biggest markets hit record highs
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From New York to London to Tokyo, if there is one similarity among global stock markets it is this: record highs. Of the world’s 20 largest stock markets, 14 recently reached all-time highs. The MSCI ACWI index, which tracks developed and emerging markets, hit a record high, hitting another new…
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LINK Explodes 18% Daily, BTC Maintains $66K as Bitcoin ETF Inflows Continue (Market Watch)
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Bitcoin reached a multi-week high yesterday at around $66,600 before being pushed down by around $1,000 but has recovered to the $66,000 level so far. Several altcoins continued their recent rally, with LINK taking the main stage after a massive 18% rally. BTC returns to $66,000 The underlying cryptocurrency had…
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LINK Explodes 18% Daily, BTC Maintains $66K as Bitcoin ETF Inflows Continue (Market Watch)
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Bitcoin reached a multi-week high yesterday at around $66,600 before being pushed down by around $1,000 but has recovered to the $66,000 level so far. Several altcoins continued their recent rally, with LINK taking the main stage after a massive 18% rally. BTC returns to $66,000 The underlying cryptocurrency had…
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Daily Broad Market Recap – May 16, 2024
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While the US dollar was able to establish some direction for the better part of the day, the price action was a complete mess relative to the rest of the asset classes. Treasury yields were off to a rocky start before rising steadily while Bitcoin rose and then reversed. The…
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Jamie Dimon says inflation is worse than people think, and that the market is too optimistic about a soft landing
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CNBC/Jamie Dimon JP Morgan CEO Jamie Dimon told Bloomberg TV that inflation may be higher for longer than people think. Dimon said markets are very optimistic about inflation, interest rates and the US economy. He added that rates are likely to rise higher than people might think. Markets are underestimating…
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Jamie Dimon says inflation is worse than people think, and that the market is too optimistic about a soft landing
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CNBC/Jamie Dimon JP Morgan CEO Jamie Dimon told Bloomberg TV that inflation may be higher for longer than people think. Dimon said markets are very optimistic about inflation, interest rates and the US economy. He added that rates are likely to rise higher than people might think. Markets are underestimating…
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Bitcoin Price Consolidates Gains: Stability in the Crypto Market Amid Recent Surge
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Bitcoin price rose and tested the $66,500 area. BTC is now consolidating gains and may attempt another surge towards $67,500. Bitcoin started the consolidation phase from the $66,500 resistance area. The price is trading above $65,000 and the 100 hourly simple moving average. There is a major uptrend line forming…
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Cryptocurrency Market Surges with SOL Momentum
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Solana started a new rally above the $150 resistance level. SOL price has risen by about 15% and may continue to rise if it crosses the $165 resistance level. SOL price recovered higher and tested the $162 resistance level against the US Dollar. The price is now trading above the…
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The stock market has peaked and will trade flat for the rest of 2024, Goldman equity chief says
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A stock trader at work at the New York Stock Exchange on February 24, 2020.Johannes Eisele/Getty Images The S&P 500 could trade flat for the rest of the year, says David Kostin, chief U.S. equity strategist at Goldman Sachs. He told Bloomberg TV that the index has already reached Goldman’s…
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Crypto expert gives analysis of major altcoins, market sees slight uptick
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According to Alex Kuptsikevich, Senior Market Analyst at FxPro, the cryptocurrency market has been relatively stagnant, showing a decline in market capitalization until today’s rise. Ethereum (ETH) is trading at $2,977.88, up 2.6% over the past 24 hours. Its market value increased by 2.64% to reach more than $357 billion,…
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Daily Broad Market Recap – May 14, 2024
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The markets were off to another quiet start, but this turned out to be the calm before the US PPI storm. Crude oil rose one day into the red while gold and US stocks advanced. Treasury yields and the dollar also closed lower. Read on to find out how it…