The Nasdaq closed Friday at a fresh record high as gains in chipmaker Nvidia outweighed worries that the Federal Reserve will delay interest rate cuts. The S&P 500 rose 0.7%, closing at 5,304.72, while the Nasdaq Composite advanced 1.1%, ending at 16,920.79. The Dow Jones Industrial Average edged up 4.3 points, or 0.01%, to finish at 39,069.59. Week to date, the […]
Oil prices appeared headed for a weekly loss on Friday despite recovering some from a retreat on Thursday as markets reacted to concerns that elevated inflation could continue to stick around and hurt demand. U.S. West Texas Intermediate (WTI) crude futures were up 1.13% to $77.74 as of 3:24 p.m. ET, while the Brent crude […]
Bitcoin is quietly copying a key feature from the 2016 bull market, which kicks in at $75,000. In a post on X on May 24, popular trader Jelle eyed what could become the next “main breakout” for BTC price action. Trader: BTC price “incredibly similar to early 2017” Bitcoin analysis often points to similarities between the current bull cycle […]
Chainlink price gained 7% on May 24, despite a downturn in the wider cryptocurrency market. Currently priced at $17.04, LINK has seen an impressive 30% increase so far in May, prompting investors to wonder whether the drivers for a rally above $20 still exist. Let’s look at the factors that could possibly drive LINK price […]
UK regulators slapped a combined £62 million ($79 million) fine on Citigroup Wednesday for failures in its trading systems that almost resulted in stocks worth $189 billion being dumped onto European markets. The Financial Conduct Authority (FCA) imposed a fine of nearly £28 million ($36 million) on Citigroup (C), while the Bank of England’s Prudential […]
Stocks ticked higher Tuesday, with the S&P 500 and the Nasdaq Composite closing at new records, as investors looked toward artificial intelligence favorite Nvidia’s earnings report Wednesday. The tech-heavy Nasdaq Composite rose 0.22% to 16,832.62. The S&P 500 added 0.25% to 5,321.41. The Dow Jones Industrial Average closed 0.17% higher at 39,872.99. Nvidia shares advanced […]
MetaMask is a giant in the Ethereum (ETH) ecosystem, the most-used wallet on that blockchain. It’s poised to cross one of the biggest tribal divides in cryptocurrencies, with plans to add support for Bitcoin (BTC), according to two people with direct knowledge of the matter. The exact timeline is unclear, but one person said access […]
Bitcoin’s price strived to hold above $70,000 on May 22 as Glassnode analysts suggested that the pioneer cryptocurrency is preparing for a “bigger move” to the upside. Easing distribution and slowing sell-side pressure back Bitcoin price Data from Cointelegraph Markets Pro and TradingView show that Bitcoin’s price has been steadily ascending after an extended downtrend from all-time highs. During this […]
Investors are happy with this week as most cryptos surged during this period. Bitcoin climbed by an impressive 10%, and Ethereum followed suit with a 5% increase, signaling a strong bullish sentiment across the market. Amid these gains, Furrever Token has captured significant attention with its promise of up to 15X returns post-launch. As these […]
Bitcoin price rallied to the coveted $70,000 mark amid a noticeable surge in spot buying and spot BTC exchange-traded fund (ETF) purchasing, with the cryptocurrency community pondering whether the bull market is just beginning or nearing its peak. Bitcoin charts and spot ETF activity highlight the trend reversal Analyst “ELI5 of TLDR” suggested that the […]
Asia-Pacific markets largely fell on Tuesday after tech shares pushed the Nasdaq Compositeto record highs overnight. Nvidia shares gained more than 2% on multiple bullish analyst calls that highlighted the company’s preeminent market position. Several Wall Street firms also increased their price target on the AI darling ahead of its earnings report, suggesting shares could […]
Physical crude oil markets have weakened as demand is underperforming expectations amid sufficient supply, analysts and traders have told Reuters. Demand appears to be especially underwhelming in Europe, where the key crude grades that underpin the Brent Crude benchmark have weakened in recent weeks, to the widest discounts to Dated Brent for a year. Demand […]
