LONDON — European stocks were buoyant Friday, closing higher as investors assessed fresh U.S. inflation data. The regional Stoxx 600 index provisionally ended the day up 0.97%, with a third consecutive positive session taking it to its highest level since June 12. Telecom stocks rose 0.59% with Ericsson among the top gainers, initially rising more than 8% before […]
The Dow Jones Industrial Average soared Friday on the back of gains in Home Depot and Caterpillar as investors started to embrace some stocks outside of the technology bull market leaders this week. The Dow added 247.15 points, or 0.62%, to end at 40,000.90. During the session, the 30-stock blue-chip index rose to a fresh all-time high of 40,257.24. […]
Bitcoin’s price may have seen the local bottom as the German government is running out of Bitcoin to sell. Technical indicators point to the potential beginning of a reaccumulation phase. German government is nearly done selling Bitcoin The German government’s wallet is down to just 3,856 Bitcoin, only three weeks after it started selling. As a result, […]
Germany’s government offloaded the last of its Bitcoin holdings on July 12, according to data from Arkham Intelligence. The final transaction included 3,846 Bitcoin sent to “Flow Traders and 139Po,” which Arkham described as “likely institutional deposit/OTC service.” The transaction followed weeks of increased selling pressure from the German government, which offloaded tens of thousands […]
A top strategist at JPMorgan who was caught offside by the stock market rally is quitting the investment firm. Marko Kolanovic, who served as chief global markets strategist and co-head of global research, is leaving the bank to explore other opportunities, according to a source familiar with the internal announcement. In his place, Hussein Malik […]
Bitcoin (BTC) miners are attractive partners to help build artificial intelligence (AI) data centers, due to their available power supplies and operating capabilities, broker Bernstein said in a research report on Tuesday. Recent AI deals including Core Scientific’s (CORZ) 12-year agreement with CoreWeave and Coatue Management’s $150 million investment in Hut 8 (HUT) have become key catalysts for the sector, the […]
Bitcoin experiences the “deepest correction” in 24 months, impacting the short-term holders (STHs) with unrealized losses, according to onchain data from Glassnode. Data from Cointelegraph Markets Pro and TradingView reveals that in the latest drawdown, the price of Bitcoin dropped by more than 16.5% from a high of $63,801 on July 1 to set a swing low at $63,499 […]
US stocks again soared to fresh all-time highs on Wednesday as Jerome Powell’s remarks on Capitol Hill buoyed rate-cut hopes and Big Tech stocks piled on the gains. The S&P 500 (^GSPC) rose 1% for a 37th record close this year, breaching 5,600 for the first time. The Dow Jones Industrial Average (^DJI) jumped 1.1%, […]
For weeks now, Germany’s government has been selling hundreds of millions of dollars worth of bitcoin — and it’s been a key factor behind the cryptocurrency’s intense sell-off. Last month, the German government began selling bitcoin from a wallet operated by the country’s Federal Criminal Police Office, referred to locally as the Bundeskriminalamt, or BKA. […]
Asia-Pacific markets were mostly higher on Tuesday, after the S&P 500 and the Nasdaq Composite closed at record highs overnight, with Japan’s Nikkei hitting a fresh high. Nikkei 225 rose 2.2% to 41,759.4, scaling a new peak, while the broad-based Topix added 1.29%. South Korea’s Kospi inched up 0.23% as shares of heavyweight Samsung Electronics gained 0.11%, even […]
The S&P 500 and Nasdaq closed at record highs on Monday as investors await key inflation data to provide further clues about whether this year’s market rally is sustainable. Earnings from some major financial giants and consumer companies are also on the docket. The broad market index ended the day up 0.1% at 5,572.85, while the Nasdaq Composite advanced […]
Bitcoin (BTC) fell on Monday afternoon in Europe as the German government transferred over $900 million worth of assets from its bitcoin holdings, blockchain data shows. According to blockchain data platform Arkham Intelligence, Bitcoin wallets labeled as belonging to the German government moved a total of roughly 16,309 BTC in several batches to external addresses, including to crypto […]
