Category: market
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Weekly Market Outlook (10-14 June)
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Upcoming events: Tuesday: UK Labor Market Report, US NFIB Small Business Optimism Index. Wednesday: Japanese Producer Price Index, Chinese CPI, UK GDP, US CPI, FOMC Policy Decision. Thursday: Australian Labor Market Report, Swiss Producer Price Index, Eurozone Industrial Production, US Producer Price Index, US Unemployment Claims. Friday: New Zealand Manufacturing…
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DeFi Loans Surging To Record 11 Billion And What Does It Means For Market
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The decentralized finance (DeFi) scene has been on the rise recently, with the total value locked (TVL) in DeFi loans reaching $11 billion, the highest level in two years. This explosive growth has been driven by a myriad of factors, including the relentless pursuit of higher returns, the evolving strategies…
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Bitcoin ETFs see inflows despite crypto market fluctuation
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U.S. Bitcoin (BTC) exchange-traded funds (ETFs) saw an inflow of $131 million on June 7, marking 19 consecutive days of positive inflows. This happened even as the ARK 21Shares Bitcoin ETF (ARKB) saw net outflows totaling 1,364 worth about $96.84 million, leaving its total holdings at 48,939 BTC, or $3.47…
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Bitcoin ETFs see inflows despite crypto market fluctuation
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U.S. Bitcoin (BTC) exchange-traded funds (ETFs) saw an inflow of $131 million on June 7, marking 19 consecutive days of positive inflows. This happened even as the ARK 21Shares Bitcoin ETF (ARKB) saw net outflows totaling 1,364 worth about $96.84 million, leaving its total holdings at 48,939 BTC, or $3.47…
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Crypto market plunges $96b following strong US jobs report
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In the past 24 hours, the cryptocurrency market lost more than $96 billion as major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), faced corrections. Bitcoin, the leading cryptocurrency, saw a sharp decline to an intraday low of $68,507. At the time of writing, the cryptocurrency was priced at $69,321 –…
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Citi Research Delivers Insight on Post-Election Market Sentiment By Investing.com
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The recent election results in India, contrary to poll expectations, have sparked market dynamics, leading to increased volatility and a potential shift in risk perception. Below is a breakdown of Citi Research’s analysis and initial reflections on the implications: 1. Rating Volatility: Variability between polls and actual results may lead…
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S&P 500 lands a win in historic week with Nvidia crossing over $3T market cap
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On Friday, the S&P 500 Index (SP500) rose 1.32% during the week to end at 5,346.99 points, recording gains in four out of five sessions. The accompanying SPDR S&P 500 ETF (NYSEARCA: SPY) by 1.26%. The benchmark index recorded its weekly rise Gains after posting a decline the previous week…
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Is BRETT The New Meme Coin King? Token Surges 300% And Nears $2 Billion Market Cap
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As the overall sentiment in the cryptocurrency market turns bullish, leading cryptocurrencies have regained previously lost levels and ignited more interest in meme coins. BRETT (BRETT) has emerged as a standout performer, with gains of 400% in the past 30 days alone. Having launched just three months ago, BRETT now…
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Market Expert Says Altcoin Summer Is Just Around The Corner, Here’s The Timeline
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Crypto expert Michael van de Poppe He predicted this recently Alternative currencies It would make big upward moves. The analyst also provided a timeline for when this will happen and what the equivalent movement could be like for these cryptocurrency tokens. Altcoins will move in the summer From D-Pop Marked…
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Daily Broad Market Recap – June 6, 2024
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It was a bullish and adverse day for the US dollar, as it erased intraday gains while traders braced for a potential loss in non-farm payrolls. The ECB’s monetary policy decision also took the spotlight when it surprised the central bank with a “tight easing” and spurred rapid gains for…
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3 catalysts could spark a 10% sell-off in the stock market this summer, according to JPMorgan
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Leonardo Munoz/VIEWpress/Corbis via Getty Images The S&P 500 could fall by 10% during the summer months to 4,800 points, according to JP Morgan. The bank highlighted three catalysts that could lead to a decline. May’s jobs report may change the bearish narrative in the stock market. A 10% sell-off is…
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Daily Broad Market Recap – June 5, 2024
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‘Risk’ assets and their US dollar counterparts saw gains during the US session as more traders priced in a potential interest rate cut by the Federal Reserve. The US dollar itself was largely stable, shedding points against commodity-linked currencies but also posting gains against other safe havens such as the…
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Meme Coins in Retreat as Bitcoin (BTC) Struggles to Maintain $71K (Market Watch)
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Bitcoin’s price rally was halted at just under $72,000 despite impressive ETF inflows yesterday, and the asset has fallen by about a thousand since then. Most altcoins are also slightly lower today after yesterday’s big gains, but BNB is still above $700, while LINK is down 3%. BTC is struggling…
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Investing in the Canadian housing market: 5 things to consider
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Breadcrumb links Business basics Learn how to familiarize yourself with the basics of real estate while signing up for helpful investment tools Published on June 06, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Image…
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Nvidia Hits a $3 Trillion Market Cap Ahead of Its 10-for-1 Stock Split. Here’s What’s Next for Investors.
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Nvidia (Nasdaq: NVDA) Stocks made headlines on Wednesday when they became the third U.S. public company to cross the $3 trillion market capitalization threshold. In January 2022, apple He was the first to achieve this remarkable feat, and he was followed by others Microsoft In January 2024. A growing group…
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Nvidia stock crosses $3 trillion market cap, overtakes Apple as second-largest co. in US market
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Nvidia (NVDA) stock rose as much as 5% on Wednesday to hit a record high, giving the company a market value of more than $3 trillion, making it the third stock to reach the milestone, joining Apple (AAPL) and Microsoft (MSFT). Wednesday’s rise also saw the company briefly overtake Apple…
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Bitcoin, Ethereum, Solana Over 150% Annual Gains Leave The Stock Market, Gold In The Dust
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Despite the relatively tepid movement in the cryptocurrency market since Bitcoin reached… New all-time high (ATH) In March, Bitcoin, Ethereum, and Solana continued to lead traditional assets, Including gold. This was highlighted in a recent report that showed how crypto assets have provided the best returns for a while now.…
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Bitcoin, Ethereum, Solana Over 150% Annual Gains Leave The Stock Market, Gold In The Dust
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Despite the relatively tepid movement in the cryptocurrency market since Bitcoin reached… New all-time high (ATH) In March, Bitcoin, Ethereum, and Solana continued to lead traditional assets, Including gold. This was highlighted in a recent report that showed how crypto assets have provided the best returns for a while now.…
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Crypto Markets Add $80 Billion Daily as Bitcoin (BTC) Explodes to $71K (Market Watch)
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After failing to overcome the $70,000 level on Monday, Bitcoin went on the offensive in the last few hours and rose past that level and reached a multi-week peak of over $71,250. Altcoins have also turned green, with huge gains from the likes of Binance Coin, Toncoin, Shiba Inu, Uniswap…
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Daily Broad Market Recap – June 4, 2024
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Concerns about the US economy encouraged a risk-off trading environment and pushed the US dollar higher against its “riskier” counterparts. Meanwhile, crude oil continued its downward trends, spot gold pulled back from highs at $2,350, and Fed bets on lower interest rates sent US bond yields lower. Titles: Switzerland CPI…