A key technical chart pattern suggests that Bitcoin’s price could be headed to the $85,000 mark, but the world’s first cryptocurrency needs a weekly close above $71,300 to confirm more upward momentum. Wyckoff pattern targets $85,000 Bitcoin price Technical analysis using the Wyckoff method points to a potential Bitcoin price breakout to the $85,000 mark, according to crypto […]
Stablecoin issuer Tether now controls 25% of shares for Bitcoin miner Bitdeer, according to a recent U.S. Securities and Exchange Commission filing. That makes the company behind Tether (USDT) the second-largest shareholder of the BTC miner’s shares, behind Victory Courage Ltd., which is registered to Bitdeer CEO Jihan Wu. Before being appointed in March 2024, […]
A “wall of money” is headed for the stock market this summer and will drive equities to record highs, according to a recent note from Goldman Sachs’ trading desk. Scott Rubner, a managing director at Goldman Sachs, highlighted in the note that a record $7.3 trillion is sitting in money market funds, and a large […]
European markets closed lower Tuesday, as positive momentum from the past few days faltered. The pan-European Stoxx 600 provisionally closed 0.5% lower, with all major bourses and most sectors in the red. Mining stocks stocks lost 2.3% while health-care stocks were the biggest gainer, adding 0.8%. Banking stocks shed 2.1%, with Italy’s UniCredit losing more […]
India’s markets saw their worst one-day loss in about four years as the electoral performance of Prime Minister Narendra Modi’s ruling Bharatiya Janata Party fell short of expectations. The Nifty 50 plunged 5.93% on Tuesday, while the BSE Sensex lost 5.74%, marking their largest loss since 2020. The All India Market Capitalization index, tracked on the Bombay […]
The U.S. job market in April cleared a key hurdle in its slow return from the COVID-19 pandemic when a wonky economic chart known as the “Beveridge Curve” finished its own journey from where it had shifted during the health crisis back to where it was in 2018 to 2019. The Beveridge Curve plots the […]
Bitcoin could hit a new all-time high as soon as next week following the lowest United States job openings in three years — a sign of a slowing economy — but two other indicators must be confirmed, according to a crypto researcher. “Last night, another critical and forward-looking job metric, job openings, slowed down significantly,” 10x […]
A meme coin issued on Bitcoin’s Runes protocol is nearing a $1 billion market cap after surging 200% over the past 30 days. The aptly named DOG•GO•TO•THE•MOON (DOG) token spawned on April 20 during the bitcoin halving event. It became “Rune Number 3” and has since become the largest meme coin on Bitcoin and the […]
Asia-Pacific stock markets rose Monday after a private survey showed China’s manufacturing activity expanded at its fastest pace in nearly two years. The Caixin survey showed manufacturing PMI rose to 51.7 in May from 51.4 the previous month, at its fastest pace since June 2022. It was also higher than a Reuters poll forecast of 51.5. The […]
Stocks stumbled to end an otherwise positive month of May as investors appeared to press pause on AI enthusiasm and the prospect of the Federal Reserve holding interest rates higher for longer remained top of mind. Over the past five trading sessions, the Nasdaq Composite (^IXIC) was near flat, and the S&P 500 (^GSPC) rose […]
Bitcoin could be preparing to repeat its ascent to all-time highs from March, on-chain analysis shows. In a post on X (formerly Twitter) on June 2, popular trader and commentator Alan Tardigrade drew a key comparison to BTC price action now and in mid-February. Bitcoin on-chain metric echoes run-up to all-time high Bitcoin needed less than a […]
The S&P 500 (SNPINDEX: ^GSPC) is hitting new all-time highs at the same time as Bitcoin (CRYPTO: BTC) is powering to new all-time highs, and that’s leading to an interesting dilemma for investors. Should they invest in the S&P 500 or Bitcoin? The answer might surprise you. Yes, Bitcoin is extraordinarily volatile. And, yes, the crypto market has historically been a very risky […]
