Chip shares dragged Asian indexes lower on Wednesday and European futures fell after growth concerns drove the steepest selloff in a month on Wall Street and investors wiped $279 billion from the value of market darling chipmaker Nvidia. Oil hit year-to-date lows in Asia trade, the safe-haven yen rose, Japanese stocks fell more than 3% […]
Bitcoin traded near $59,000 on Sept. 3 after a last-minute comeback delivered 3.2% daily gains. BTC price: “Green” first week could be September outlier Data from Cointelegraph Markets Pro and TradingView showed promising Bitcoin (BTC) price action before the week’s first United States trading session. Weakness around the monthly and weekly close did not last […]
Stocks (^DJI,^GSPC, ^IXIC) are struggling to hold onto last week’s gains as investors brace for August’s pivotal jobs report this Friday. Recession concerns heightened after July’s print revealed the unemployment rate hit 4.3%, triggering the Sahm Rule. As investors await the Federal Reserve’s first interest rate cut, August’s print could provide new insight into the exact […]
Crypto analysts are predicting three major events in the coming weeks that could drive up the price of Bitcoin. For the last seven months, Bitcoin has traded in a downtrend between $74,000 and $52,000, and investors have grown increasingly restless about whether or not BTC will break out to the upside or continue to grind […]
Asia-Pacific markets were mixed on Monday as investors assessed China’s business activity numbers released over the weekend, while awaiting a slew of data due later this week. China released its official purchasing managers’ index data for August. The manufacturing PMI fell to a six-month low of 49.1, a faster contraction compared to the 49.4 seen […]
Bitcoin shed more than 2% on Sep. 1 as an “out of hours” monthly close turned ugly for bulls. BTC price stares down traditionally “red” September Data from Cointelegraph Markets Pro and TradingView showed BTC price weakness producing lows of $57,230 on Bitstamp — a level last seen on Aug. 16. Coming midway through a weekend, less liquid conditions […]
Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings Ltd., a blockchain firm led by Mike Novogratz, has offered to provide Rhodium with a loan of either $30 million in dollars or 500 bitcoin. […]
The world’s bancassurance market size is projected to reach $515.8b from 2024 to 2028, with a compound annual growth rate (CAGR) of 7.79%. The growth contributed by Asia Pacific is seen at 54%. For the year, the market may expand by 6.74%, according to Technavio’s latest report. This growth is fueled by the increasing need […]
LONDON — European markets closed higher on Friday, the last trading day of August, as investors considered inflation data from around the world. The pan-European Stoxx 600 notched an intraday record high of 526.66 points during the session, according to LSEG data, before paring gains slightly. The index nonetheless closed above 525 points for the first time, […]
Here are five key things investors need to know to start the trading day: 1. August’s end Stock futures climbed Friday morning as the major averages head into the final trading day of August. Futures tied to the S&P 500 rose 0.4%, while Nasdaq 100 futures advanced 0.7% and Dow Jones Industrial Average futures gained 0.2%. For […]
Another solo Bitcoin miner has just hit the Bitcoin mining jackpot, successfully processing a Bitcoin block against all odds and netting themselves a payday of just under $200,000. The miner processed block number 858,978 at 4:21 pm UTC, according to data from the Bitcoin block explorer Mempool.space. The block contained 2,391 transactions, and the miner received […]
Nayib Bukele, El Salvador’s pro-Bitcoin (BTC) president, said his plan to make the country a hotbed for the largest and oldest cryptocurrency has been “net positive” but adoption has fallen short of his expectations. “Bitcoin hasn’t had the widespread adoption we hoped for,” Bukele said in an interview with TIME Magazine. “I feel that it could have worked better, […]
