After a prolonged period of calm, financial markets went into a tailspin this week. The Japanese Nikkei 225 index tanked more than 12% on Monday, marking its worst performance since 1987. The S&P 500 sank more than 3% and shed $1.3 trillion in value, notching its worst day since the 2022 bear market. The Dow […]
The crypto markets appear calm heading into the weekend after a volatile week that tested how institutional investors new to the crypto trade would react to the mammoth swings that are old hat for more seasoned digital currency investors. The sell-off in bitcoin and ether began earlier this week and wiped out $367 billion in […]
The Bitcoin bull-bear market cycle indicator, which tracks investor sentiment phases, has flipped to signal bullish conditions, following three days of flashing red as Bitcoin’s price plummeted to levels not seen since February. “Most Bitcoin on-chain cyclical indicators that were hovering near the borderline have now shifted back to signaling a bull market,” CryptoQuant founder […]
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Wealthy investors and family offices shied away from stocks leading up to market swings this week, but many saw the drop in prices […]
A comeback rally in Japanese stocks has quickly lost steam, as the specter of a US economic slowdown and further yen volatility cast a long shadow across global financial markets. The Nikkei 225 ended down 0.7% on Thursday, snapping a two-day winning streak. Meanwhile, the yen strengthened 0.6% to 146 against the US dollar, after […]
Although the unwinding of the yen carry trade has likely paused since Monday, stabilizing risk assets, including bitcoin (BTC). Still, other risks remain, such as the slower U.S. consumer borrowing, according to 10x Research’s founder Markus Thielen. Total credit outstanding increased by $8.9 billion in June following an upwardly revised $13.9 billion in May, missing the consensus estimate of a $10 […]
Bitcoin’s price increased by 5.5% on Aug. 6 yet struggled to maintain levels above $57,000 despite positive momentum in traditional financial markets. On Aug. 7, the Euronext 100 index rose by 2.2% and oil prices surged by 2.8%. This suggests that Bitcoin’s price correction is less about global economic conditions and more about market-specific factors, […]
Texans Credit Union, which serves more than 120,000 members across North Texas in the USA, has gone live with the direct deposit switching solution of Atomic Financial through Alkami Technology’s cloud-based digital banking platform. The $2.2 billion-asset credit union says the launch will enable members to “manage and transition their direct deposits with enhanced efficiency […]
Japanese shares rebounded on Tuesday after plunging on Monday and sending shockwaves through global financial markets. The Nikkei 225 stock index jumped by 10.23%, or 3,217 points in its biggest one day gain in points, which almost reversed the previous day’s record drop. In Europe, the FTSE 100 and stock markets in Paris and Frankfurt […]
A broad sell-off in markets across the globe prompted foreboding messages to trend on social media Monday, as a combination of economic and geopolitical unrest sparked fears that troubled times are ahead. The hashtag #Black Monday was trending on social media platform X after Japanese stocks suffered their largest single-day decline since Black Monday, Oct. […]
The United States Bitcoin and Ether ETFs recorded nearly $6 billion in trading volume amid market turmoil on Aug. 5. According to data from CoinGlass, spot Bitcoin ETFs registered a total daily volume of $5.24 billion on the day, with more than half coming from BlackRock’s iShares Bitcoin Trust (IBIT). Spot Ether ETFs recorded $715.3 million […]
In a recent interview with streamer and influencer Adin Ross, former president Donald Trump cautioned the current administration against selling the United States’ Bitcoin holdings. The 2024 presidential candidate reiterated his stance that if the United States does not innovate on the digital asset front, other countries will, noting that China, the United States’ most […]
