The final trading week of the month, the quarter, and the first half of 2024 will greet investors with a key inflation reading, a light smattering of corporate results, and a rush to superlatives to characterize another consensus-busting period for markets. Friday morning will bring investors the May reading on the Personal Consumption Expenditures (PCE) […]
Crude oil futures rose 1% on Monday and are on pace to post a gain for the month, as signs point to strengthening gasoline demand in the US and geopolitical tensions flare again in the Middle East. Oil prices pulled back Friday, snapping a recent winning streak, but closed out the week nearly 3% higher. […]
The market is all red once again. Over the past week, Bitcoin has shed nearly $5,000 from its value, plummeting from a comfortable perch above $66,000 to hover around the $61,000 mark (at the time of writing). This sudden plunge has left investors and analysts confused. This sharp decline coincided with a significant shift in market sentiment. […]
Mt. Gox’s scheduled repayment of $8.5 billion worth of Bitcoin to creditors next month may not cause as much mayhem for the price of Bitcoin as many expect, say analysts. IG Markets analyst Tony Sycamore told Cointelegraph there were simply too many historical factors to make a concrete prediction about the impact of the upcoming […]
Wall Street’s climb to record highs has come with conspicuously little volatility. The S&P 500 has gone 377 days without a 2.05% sell-off. That’s the longest stretch for the benchmark since the great financial crisis, according to FactSet data compiled by CNBC. The index hasn’t experienced a gain of at least 2.15% in that time either. The […]
Sales of previously owned homes declined for the third straight month in May as prices hit an all-time high. Year-over-year sales were down 2.8%. According to the National Association of Realtors (NAR), existing home sales dropped 0.7% in May from April to 4.11 million units on a seasonally adjusted annual basis. Combined with elevated interest […]
The TON blockchain is experiencing a significant surge in activity, with the Total Value Locked (TVL) surpassing $500 million as Season 4 of the Open League Digest gets underway. This period has also seen a remarkable influx of over 1,000 applications for The Open League Hackathon, showcasing strong developer interest. Meanwhile, limited early-bird tickets for […]
The halving could be a huge catalyst for Bitcoin, according to billionaire venture capitalist Chamath Palihapitiya. Throughout the first six months of 2024, you’ve probably heard all sorts of ultra-bullish predictions for where the price of Bitcoin (BTC 0.29%) could be headed next. International bank Standard Chartered, for example, now thinks Bitcoin could soar to $150,000 by the end […]
Investors may want to consider hedging their emerging market plays, according to one exchange-traded fund expert. Ben Slavin, global head of ETFs and managing director at BNY, said that while there have been notable inflows into Indian, European and Japanese ETFs, investors should account for the strength of the U.S. dollar. “You have to look […]
LONDON — European stocks were lower Friday morning as investors monitored a slew of central bank decisions and data releases. The pan-European Stoxx 600 index was down 0.26% at 9:10 a.m. in London, with banks and construction stocks leading losses, both down 0.9%. Carlsberg shares plunged 9% after U.K. soft drinks maker Britvic confirmed it had rejected […]
Coinbase is currently holding around 4% of the Bitcoin (BTC) in circulation, according to the blockchain analytics platform Glassnode. Per Glassnode, the top US crypto exchange has approximately 839,000 BTC in its custody. “Coinbase as an entity holds a vast fraction of both aggregate exchange balances, as well the US spot exchange-traded funds (ETF) balances […]
Bitcoin short sellers are probably crossing their fingers in hopes the asset won’t return to $70,000 in the near term, with a huge amount of liquidations at risk if it does. CoinGlass data shows a staggering $1.67 billion of short positions will be liquidated if Bitcoin returns to $70,000 — a price level it has been trading […]
