Bitcoin (BTC) has surged over 40% this year, outshining major equity indices, fixed-income securities, gold and even oil, which recently rose on the back of geopolitical tensions. However, according to data tracked by Goldman Sachs, its stellar performance in absolute terms is not sufficient to compensate for its volatility. Bitcoin’s year-to-date return to volatility ratio is under […]
SHANGHAI/SINGAPORE, Oct 8 (Reuters) – China’s stock markets roared back from a week-long break to reach their highest levels in more than two years at the open, before paring gains after officials failed to inspire confidence in stimulus plans intended to revive the economy. Hong Kong’s Hang Seng index (.HSI), opens new tab is the best performing major market […]
The idea that bitcoin (BTC) typically moves in lockstep with the S&P 500 is generally accepted by now. The positive correlation, however, may be tested in the lead-up to the U.S. elections as options market pricing points to diverging trends. On Monday, bitcoin options listed on dominant crypto exchange Deribit exhibited a noticeable skew (bias) […]
Oct 8 (Reuters) – Wall Street’s benchmarks finished up on Tuesday, recouping some of the previous session’s losses, as investors bought back in to technology stocks and investors shifted their focus to upcoming inflation data and the start of third-quarter earnings season. All three of the main indexes suffered a sell-off on Monday, falling roughly […]
Has the stock market performed better when Democrats or Republicans control the White House? The S&P 500 (^GSPC 0.90%) is one of three major U.S. financial indexes. It measures the performance of 500 large domestic companies that cover about 80% of domestic equities by market value. Its scope and diversity make it the best gauge […]
LONDON — European stocks started the new trading week on a positive note, buoyed by gains in Asia overnight and last Friday’s rally on Wall Street, before quickly paring gains. The pan-European Stoxx 600 indexopened 0.56% higher Monday but pared gains to turn lower, down 0.2% in early trades. Banks and household goods are currently […]
Bitcoin BTC$63,662.38 faces potential selling pressure as the dollar value of hodlers’ BTC exposure falls by billions of dollars. New research by onchain analytics platform CryptoQuant shows speculators stepping in while seasoned hodlers go risk-off on BTC. Bitcoin hodlers “likely taking profits” Amid continued enthusiasm over a return to all-time highs for BTC/USD, Bitcoin long-term holders (LTHs) are taking no […]
There’s more to like about Bitcoin beyond its enormous upside potential. In 2024, a surprising number of billionaires have turned bullish on Bitcoin (BTC 2.61%). Some of them are billionaire hedge fund managers. Others are tech entrepreneurs or captains of industry. And there’s even a billionaire real estate mogul-turned-politician who has embraced Bitcoin as a campaign issue. This […]
The US labor market added far more jobs than projected in September while the unemployment rate unexpectedly ticked lower, reflecting a stronger picture of the jobs market than Wall Street had expected. Data from the Bureau of Labor Statistics released Friday showed the labor market added 254,000 payrolls in September, more additions than the 150,000 […]
The US economy added 254,000 jobs in September and the unemployment rate ticked slightly lower to 4.1%. This better-than-expected report brought positive news to Wall Street, giving stocks (^DJI,^GSPC, ^IXIC) a slight lift Friday morning. Scott Wren, Wells Fargo Investment Institute senior global market strategist, joins Morning Brief to discuss how investors can best navigate […]
Bitcoin edged up to highs of $61,600 in early European trading today, as investors nervously await the U.S. Bureau of Labor Statistics’ release of the September jobs report. At time of publication, the price of Bitcoin has pulled back to around $61,300, up 1% on the day, per data from CoinGecko. Market experts believe this […]
The price of Bitcoin climbed higher Friday, rising over 3% to a daily high above $62,300 earlier after a blowout jobs report helped assuage fears of an imminent economic slowdown in the U.S. The Bureau of Labor Statistics reported Friday that employers added 254,000 jobs in September, far surpassing economists’ expectations of 140,000 jobs gained. […]
