Bitcoin’s (BTC) price continued its correction on June 18, dropping 1.41% and 6.5% over the last 24 hours and seven days, respectively. Data from Cointelegraph Markets Pro and TradingView shows that Bitcoin (BTC) dropped to a one-month low of $64,237 after losing the key support provided by the psychological $65,000 level. Similarly, the total market capitalization has dropped by 2% over […]
Bitcoin is still “largely profitable” despite months of sideways BTC price action, says new research. In the latest edition of its weekly newsletter, The Week On-Chain, published on June 18, analytics firm Glassnode dispelled myths over investors’ unrealized losses. BTC price analysis flags “investor boredom and apathy” Bitcoin may be trading within a rigid corridor, but the […]
LONDON — British fintech firm Zilch said Wednesday it’s raised $125 million in debt financing from German banking giant Deutsche Bank in a deal that will help the company triple sales in the next couple of years and move closer toward an initial public offering. The company, which offers shoppers the ability to purchase items and pay […]
The excitement surrounding artificial intelligence has yet to run its course on Wall Street. Three analysts recently upgraded their forecasts for the S&P 500 (^GSPC) amid early signs that investments in generative AI are driving earnings growth at large-cap tech companies. On Sunday, Evercore ISI’s Julian Emanuel boosted his year-end price target for the S&P […]
Asian share markets were in the red on Monday as mixed Chinese economic news underlined the country’s bumpy recovery, while political uncertainty in Europe soured risk appetites and kept the euro on the defensive. Chinese blue chips (.CSI300), opens new tab were off 0.2% after retail sales topped forecasts by rising 3.7% in May, but industrial output and […]
Stocks concluded last week on a hot streak as softer-than-expected inflation data fueled investor optimism around interest rate cuts. The Nasdaq Composite (^IXIC) rose more than 3% while the S&P 500 (^GSPC) popped nearly 1.5%. The S&P 500 ended the week above 5,400 for the first time ever. The Nasdaq and S&P 500 both closed […]
These two assets seem to always be drawing comparisons. It’s been a great time to be an owner of Bitcoin (BTC -0.47%). Since the start of 2023, the top digital asset has soared 307%. The approval of spot exchange-traded funds (ETFs), as well as the April halving, were recent catalysts. Investors might be surprised to know that gold is […]
The long-awaited bitcoin exchange traded funds launched in January, and financial advisors are on their way – though gradually – toward adopting them, according to BlackRock’s Samara Cohen. For now, about 80% of bitcoin ETF purchases have likely been coming from “self-directed investors who have made their own allocation, often through an online brokerage account,” she said, speaking […]
The Nasdaq Composite ticked higher on Friday to close at a record for the fifth straight session. The tech-heavy index inched higher by 0.12% to end at 17,688.88. The S&P 500 inched lower by 0.04%, closing at 5,431.60 and snapping a four-day win streak. The Dow Jones Industrial Average slipped 57.94 points, or 0.15%, to end at 38,589.16. The University of Michigan’s […]
More homeowners are listing their homes for sale, but properties are taking longer to sell as potential buyers face high prices and interest rates. New listings from home sellers jumped in May, up 13% from a year ago, according to the latest market report by Zillow. “You have an increase in sellers coming back on […]
What looked like prime time for crypto assets on softening inflation data has turned into an ugly week with bitcoin (BTC) tumbling to its weakest price in four weeks on Friday. BTC tumbled more than 2% in an hour to $65,100 during the U.S. trading session from around the $67,000 area. The leading crypto was down 7.5% […]
Bitcoin and other major cryptocurrencies, including Ethereum and XRP, have surged in 2024 after hitting their lowest points in 2022. The Bitcoin price has rebounded to its previous all-time high of around $70,000 per BTC and could potentially surge further to anywhere between $100,000 to $150,000 as traders and analysts are noticing a bullish price […]
