US stocks closed Monday mixed as investors looked to a key earnings report and a slew of economic data points due later this week. The Dow closed 65 points, or 0.2%, higher on Monday to a new record high of 41,241. The S&P 500 fell 0.3% and the Nasdaq Composite lost 0.9%. Global markets have […]
Bitcoin heads into the August monthly close with a welcome recovery as BTC price action targets $65,000. The largest cryptocurrency has delivered a remarkable show of strength over the past week, and traders hope the good times will continue. A sideways weekend aside, Bitcoin is cementing its gains and is now up an impressive 40% […]
XRP has made a strong comeback against Bitcoin, gaining around 30% since July’s “triple bottom.” A mix of fundamental and fractal indicators hints that XRP is well-positioned for the gains to continue in the coming months. XRP price recovery mirrors 2021’s 500% rally The XRP/BTC trading pair has bounced by over 50% after forming a […]
The Bitcoin mining hardware race could be on the cusp of entering its equivalent of the atomic era as the quantum computing sector matures. While today’s quantum computers are largely experimental, recent advances in quantum chip technology and hybrid artificial intelligence functions have pushed the field forward faster than many scientists predicted. One of the biggest concerns in […]
The president’s impact on the economy is generally exaggerated. The economy is shaping up to be one of the biggest issues of the presidential election. That’s not surprising as Americans have endured the highest inflation cycle in 40 years, following a surge in the money supply due to trillions in stimulus spending during the pandemic. […]
China’s attempts to cool a record bond rally have stalled a drop in yields, but at the cost of a collapse in trading activity to an extent that may create more headaches for policymakers. Trading in the most active 10-year government bond has steadily decreased over the last two weeks, with the average daily volume […]
Bitcoin had a good start to 2024, rising over 40% year-to-date. This was fueled by a number of positive fundamental factors, including the launch of spot Bitcoin exchange-traded funds in the United States and the halving event, which reduced the amount of BTC awarded to miners by 50%. Unlike previous cycles, Bitcoin price hit new all-time highs before […]
All three major U.S. stock indexes lost ground on Thursday, weighed by technology shares, as Treasury yields rose on easing recession fears and global central bank officials convened at the Jackson Hole Economic Symposium. The so-called Magnificent Seven megacap growth stocks weighed heaviest on the tech-laden Nasdaq. “There doesn’t appear to be any kind of clear catalyst […]
Here are the most important news items that investors need to start their trading day: 1. Rate rally After a selloff prompted by fears about the economy earlier this month, markets have largely been steady. The three major U.S. averages rose again Wednesday as investors anticipated an interest rate cut at the Federal Reserve’s September […]
Bitcoin took liquidity both up and down on Aug. 22 as analysis said crypto markets are “looking ripe for a short squeeze.” Key BTC price hurdles crystallize Data from Cointelegraph Markets Pro and TradingView shows volatile BTC price moves within a narrow range over the past 24 hours. United States employment data revisions, along with the minutes of the Federal […]
Asia-Pacific markets were mostly lower on Wednesday after U.S. benchmark indexes, the S&P500 and the Nasdaq Composite, snapped an eight-day winning streak overnight. Japan’s trade data for July showed exports rose 10.3% year on year and imports grew 16.6%. Economists polled by Reuters had forecast that exports would rise 11.4%, while imports growth was pegged […]
Nvidia (NVDA) has had a bumpy ride over the past month as the tech sector is just beginning to recover from the wide sell-offs seen at the beginning of August. With the chipmaker’s next earnings report around the corner — Wednesday, August 28 — could Nvidia be the leader for another tech rally? Niles Investment […]
