Bitcoin has declined approximately 20% over the past three months, but crypto traders are unfazed by the decline, claiming it is just a routine correction in the market cycle. “This is the 4th 20% correction in BTC in 12 months…pretty ordinary stuff,” CEO of Real Vision Raoul Pal stated in an April 30 post on X — […]
It might be time to call the cryptocurrency correction a bear market, as bitcoin (BTC) tumbled below $60,000 with what appeared to be a poor debut of spot ETFs in Hong Kong and interest rate fears giving traders plenty of reason to sell on Tuesday. BTC hit a $59,100 low in the afternoon hours, its weakest price […]
Australian and Japanese markets fell Wednesday as investors brace for the U.S. Federal Reserve’s rate decision, due early Thursday in Asia. Investors will also keep an eye on the yen, which saw a volatile start to the week amid suspected intervention on Monday. The currency currently trades around the 157.7 level against the greenback. Most […]
US stocks closed in a sea of red on Tuesday to close Wall Street’s worst month of 2024, as new labor data came in hotter than expected while investors await the Federal Reserve’s upcoming interest rate decision and digest strong earnings from Amazon (AMZN). The S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) each nosedived […]
Crude oil prices began the week with a loss, reversing the climb from last week after the latest U.S. inflation data suggested there will not be any rate cuts anytime soon. Signals from Israel that a ceasefire with Hamas is still a possibility also helped bring oil down, with Brent crude slipping below $89 per barrel in […]
European markets opened higher on Monday as investors look ahead to more central bank decisions, earnings and data this week. The regional Stoxx 600 index was up 0.37% at 9:24 a.m. in London, with sectors mixed. Philips shares soared 33% after the Dutch medical devices giant agreed a $1.1 billion settlement in a U.S. case linked to the recall of some […]
Crypto markets are in the red amid renewed fears of U.S. stagflation, a worst-case scenario for risk assets. Bitcoin (BTC), the leading cryptocurrency by market value, traded near $62,400 at press time, down 2.5% on a 24-hour basis, according to CoinDesk Indices data. Ether (ETH) traded 3% lower at $3,200, and the CoinDesk 20 (CD20), a measure of the most liquid digital assets, was […]
There’s a very slight chance that Bitcoin (BTC) has already reached its peak this cycle at the $70,000 mark, at least, based on the “exponential decay” pattern floated by veteran trader Peter Brandt. Of course, many other price models and predictors suggest the cryptocurrency is still far from its cycle peak — and could instead top […]
The yen’s volatile episode may spread to other fiat currencies as U.S. rate cuts remain elusive amid sticky inflation, which could drive investors to gold and bitcoin, Noelle Acheson said in an interview. Cryptocurrencies, widely known for their often volatile nature, were a sea of calm Friday as the Japanese yen’s tumble to a fresh […]
The market rally is at its most fragile point in months. The S&P 500 (^GSPC) ended Friday below 5,000, its first close below that mark since late February. Meanwhile, the Nasdaq Composite (^IXIC) dropped more than 5% on the week, while the Dow held flat. This week, critical readings on economic growth and inflation, as […]
Bitcoin’s (BTC) price continues to coil in post-halving trading as the past 24 hours have seen the top crypto trade in a narrowing range between $63,520 and $65,285 while traders await the next market-moving catalyst. BTC/USD Chart by TradingView The sideways price action comes as the U.S.-listed spot Bitcoin ETFs continue to record outflows. Fidelity’s […]
Alphabet shares shot up 10% on Friday after the company posted better-than-expected first-quarter results and greenlit its first-ever dividend and a $70 billion buyback. It’s the sharpest rally for the stock since a 16% jump in July 2015. The shares closed the day at $171.95, valuing Alphabet at over $2.1 trillion. The company on Thursday reported revenue of $80.54 billion, […]
