Tesla stock (TSLA) rose 2% on Friday as shares extended their winning streak for an eighth straight session and erased their year-to-date losses. After a 37% rally over the past eight sessions — and a 43% rise in the last month — the stock is now in positive territory for 2024, completing a remarkably quick […]
LONDON — European stocks ended Tuesday in the red, as market participants assessed the euro zone’s latest inflation data. After a positive session Monday, the regional Stoxx 600 resumed last week’s decline. The pan-European index provisionally closed around 0.4% lower, with the U.K.’s FTSE 100 slipping 0.6%, Germany’s Dax falling 0.7% and France’s Cac down 0.3%. Spain’s Ibex led the declines, sliding […]
Rich Dad Poor Dad author Robert Kiyosaki predicts an imminent economic crash followed by a significant bull market where bitcoin could easily reach $10 million per coin, gold could reach $15,000 an ounce, and silver possibly $110 an ounce. Kiyosaki suggests this cycle is inevitable due to declining trust in fiat currencies and historical precedents. […]
A closely followed crypto analyst is issuing a warning, saying that one popular altcoin could be due for a significant correction. Crypto trader Ali Martinez tells his 66,600 followers on the social media platform X that decentralized oracle provider Chainlink (LINK) could see a massive dip in price after failing to maintain a key support […]
The cryptocurrency market saw over $665 million liquidations in the past 24 hours as bitcoin faces heavy selling pressure with Mt Gox continuing to make movements for payout. Bitcoin dropped 7.4% in the past 24 hours to $54,422 at the time of publication, according to The Block’s bitcoin price page. The price fall came after […]
The next leg up in the stock market could come from a new group of stocks. The S&P 500 is setting one new all-time high after another in 2024. The widely used stock market benchmark climbed 15% in the first half of 2024, and it’s up more than 50% from the lows of the 2022 […]
Bitcoin hit a four-month low of $53,499 on Coinbase as news of Mt. Gox’s latest cold wallet transfer hit the markets. Bitcoin plummeted at around 4:19 am UTC on July 5, hitting its lowest level since late February, according to TradingView. Additionally, cryptocurrency liquidations have surged to $664.5 million over the past 24 hours, the highest […]
With signs building that the labor market is at least slowing if not something worse, the June nonfarm payrolls report takes on added significance. Payroll gains so far in 2024 have totaled 1.24 million, down about 50,000 a month below the same period a year ago. Economists surveyed by Dow Jones expect the report, to […]
There may be trouble looming on the horizon for the U.S. stock market, according to BCA Research. In a note to clients last week, BCA Research chief global strategist Peter Berezin warned that, contrary to popular belief, the economy will fall into a recession either this year or in early 2025. Should that happen, the […]
A look at the day ahead in European and global markets from Ankur Banerjee It was a risk-on session in Asia, with European bourses poised for a similar start in the wake of comments by Fed Chair Powell, with investors buoyed by reinforced expectations that rate cuts are just around the corner in the U.S. […]
The launch of spot Ether exchange-traded funds (ETFs) could see the cryptocurrency outperform Bitcoin in the weeks after they go live in the United States, say K33 Research analysts. The ETFs, expected to launch as soon as July 8, are a “golden egg” for Ether price action, while Bitcoin is set to face sell pressure as […]
Bitcoin has not reached the top of its current appreciation cycle and is likely to go past its all-time high this year, according to a research report released by CCData on Tuesday. Bitcoin hit an all-time high of above $73,700 in March but has since been trading within a range between roughly $59,000 and $72,000. […]
