Category: market
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Bitcoin (BTC) Dumps Below $68K, Chainlink (LINK) Soars 6% (Market Watch)
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After several days of impressive gains exceeding $70,000, the price of Bitcoin has fallen over the past 12 hours or so to below $68,000. Most altcoins are also slightly in the red, with ARB, BCH, and PEPE among the notable losers. BTC loses $3,000 The underlying cryptocurrency was extremely volatile…
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Bitcoin (BTC) Dumps Below $68K, Chainlink (LINK) Soars 6% (Market Watch)
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After several days of impressive gains exceeding $70,000, the price of Bitcoin has fallen over the past 12 hours or so to below $68,000. Most altcoins are also slightly in the red, with ARB, BCH, and PEPE among the notable losers. BTC loses $3,000 The underlying cryptocurrency was extremely volatile…
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Daily Broad Market Recap – May 27, 2024
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No key data points? No problem! Forex pairs and major asset classes are still posting very good moves, even though UK and US traders are on holiday. Read on to find out how the markets are performing. Titles: Bank of Japan Governor Ueda: The central bank will proceed cautiously with…
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London Office Market Poised for Recovery as Great Portland Estates Seeks £350m Investment
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Great Portland Estates (GPE) is urging shareholders to support a £350m fundraising initiative to capitalize on what it sees as the bottoming out of the commercial property market. The funds will be used to purchase and develop further office space in London, and take opportunities to purchase high-quality assets at…
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Housing market outlook: Buyers are gaining the upper hand
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The U.S. housing market is now tilted in favor of buyers, who are resisting the higher home prices demanded by sellers, according to Robert Rifkin, co-founder and CEO of Compass. Tell CNBC on Wednesday 30% of inventory on the market has seen price declines, more than at any time in…
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Jobless figures indicate tight labor market in Israel
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The Central Bureau of Statistics announced today that the unemployment rate in Israel remained unchanged in April at 3.4%. Seasonally adjusted figures show a slight increase of 0.1% in the proportion of people aged 15 and over in the labor force. The broad unemployment rate, which includes those on unpaid…
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Weekly Market Outlook (27-31 May)
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Upcoming events: Monday: UK/US Holidays, German IFO. Tuesday: Australian retail sales, Canadian producer price index, US consumer confidence. Wednesday: Australia Monthly Consumer Price Index, Fed Beige Book. Thursday: Swiss GDP, Eurozone unemployment rate, US GDP2Second abbreviation Estimate, US unemployment claims. Friday: Tokyo CPI, Japan Retail Sales and Industrial Production, China…
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Market Expert Says Biggest Crypto Disaster Yet To Happen
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Veteran cryptocurrency trader Peter Brandt has issued a warning to the broader cryptocurrency community, noting that the industry has yet to witness its biggest disaster. Brandt boldly predicts that this disaster will be connected with him Cryptocurrency staking and the people participating in it. Related reading Staking could lead to…
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Why Did CORE Price Surge 20% While The Crypto Market Dumped?
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CORE, the native token of Layer 1 network CoreChainIt has risen by 20% in the last 24 hours. This is a notable price increase, considering the downward trend in the broader cryptocurrency market with the prices of other major tokens, including Ethereum (ETH) dumping. Related reading Why did CORE prices…
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Incognito Market Owner Arrested After FBI Tracked Crypto Transactions
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A Taiwanese national was accused of running Incognito Market, a drug market on the dark web, and was arrested after authorities traced the platform’s transactions. The platform has handled more than $100 million worth of cryptocurrencies through the sale of illegal drugs like fentanyl. The hidden market founder was arrested…
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There’s a ‘buy’ signal flashing for investors in the stock market right now as the long-term bull market pushes on, market vet says
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Mario Tama/Getty Images Ed Yardeni says the stock market is a great place for investors to enter. The market vet still believes stocks are in the midst of a long-term bull market that could last until 2030. Yardeni expects stocks to rise 50% by the end of the decade. The…
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There’s a ‘buy’ signal flashing for investors in the stock market right now as the long-term bull market pushes on, market vet says
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Mario Tama/Getty Images Ed Yardeni says the stock market is a great place for investors to enter. The market vet still believes stocks are in the midst of a long-term bull market that could last until 2030. Yardeni expects stocks to rise 50% by the end of the decade. The…
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National Grid’s £7 Billion Fundraising Sparks Market Turmoil
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More than £6 billion has been wiped from the energy and water sectors on the London stock market after National Grid revealed plans for a major fundraising effort and fears that the upcoming election could delay energy policy decisions. The FTSE 100 company has announced a rights issue worth almost…
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Daily Broad Market Recap – May 23, 2024
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The impact of the global PMI dump on overall market sentiment! The results were mostly stronger than expected, with the exception of some failures from Germany and the UK economy. A few positive reviews have been announced for previous releases as well. Here’s how the major currency pairs and asset…
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Tons of Volatility Amid SEC’s Ethereum ETF Approval: BTC and ETH Drop by 4% (Market Watch)
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The cryptocurrency market appears to be quite vulnerable to ETF approvals, and the past 24 hours have brought further enhanced volatility to the entire sector. After the hype has settled since the start of the work week, the largest cryptocurrencies, including one that got the green light from the Securities…
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A global labor shortage will send tech stocks soaring, with the sector poised to grow to 50% of the total stock market, Fundstrat says
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Cindy Ord/Getty Images A global labor shortage of about 80 million workers will send technology stocks heading parabolic, according to Fundstrat’s Tom Lee. The technology sector will eventually make up 50% of the S&P 500, Lee said Wednesday. “I believe AI is already addressing the global labor shortage of about…
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ETH Maintains $3.8K Price Ahead of SEC ETF Decision, BTC Slips Below $70K (Market Watch)
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Bitcoin price action has calmed over the past day after rising to $72,000, and the asset has lost some ground since yesterday, as it currently sits below $70,000. Ethereum continues to present a strong front as anticipation grows for today’s SEC decision regarding an ETH ETF. BTC slides below $70,000…
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ETH Maintains $3.8K Price Ahead of SEC ETF Decision, BTC Slips Below $70K (Market Watch)
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Bitcoin price action has calmed over the past day after rising to $72,000, and the asset has lost some ground since yesterday, as it currently sits below $70,000. Ethereum continues to present a strong front as anticipation grows for today’s SEC decision regarding an ETH ETF. BTC slides below $70,000…
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Daily Broad Market Recap – May 22, 2024
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Foreign exchange rate fluctuations increase with the release of high-level economic reports from major economies! Meanwhile, minutes from the Fed’s May meeting supported a “higher for longer” interest rate environment in the US and supported the US dollar against some of its usual asset counterparts. We have details on the…
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Daily Broad Market Recap – May 21, 2024
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Major financial assets saw relatively light volatility as traders waited for expected reports scheduled for later this week. Crude Oil fell on concerns about the impact of “higher for longer” global interest rates while Ethereum (ETH/USD) got a boost from optimism over ETF approval. Most major forex currencies were in…