A measure of wholesale prices increased less than expected in March, providing some potential relief from worries that inflation will hold higher for longer than many economists had expected. The producer price index rose 0.2% for the month, less than the 0.3% estimate from the Dow Jones consensus and not as much as the 0.6% increase in February, according […]
The share price of Trump Media fell 5.4% at the close of trading on Thursday. DJT shares, the majority of which are owned by former President Donald Trump, ended at $32.41. Thursday’s drop came a day after Trump Media shares fell 8.57%. The social media company’s stock began public trading on the Nasdaq on March […]
(BTC) is stable, trading above $70,900, as outflows from the Grayscale Bitcoin Trust (GBTC) pick up once again. Overall, $124.9 million flowed out of GBTC, according to on-chain data. In comparison, $4.6 million flowed into Fidelity’s FBTC, and $11.1 million went into Bitwise’s BITB. Up to Thursday, all the bitcoin ETFs have reported a weekly outflow […]
Traders with leveraged positions in Bitcoin could be in for a nasty surprise as the cryptocurrency faces a critical crossroads, which could see the price bounce in different directions, analysts warn. “The market was in easy mode, but right now clearly there’s too much leverage and market makers are having a field day exploiting high emotions […]
So far this year, the U.S. stock market, as measured by the S&P 500, has returned about 10% — an average year’s worth of gains in just over three months. After any first-quarter run-up, two brands of market-watchers tend to appear in headlines: those who think stocks can continue to ascend and those who warn […]
President Biden in March released his budget proposal for fiscal year 2025. In it, he proposed three changes to the way federal law operates with respect to cryptocurrency. There are some good changes, such as the application of existing securities regulations to crypto. But there is also one bad change — namely, a special tax on crypto […]
Are you likely to earn a great return if you buy Bitcoin before the next halving event? April is a big month for the crypto world. The next Bitcoin (BTC -3.64%) halving event is happening later this month, and that could lead to a rally in the price of the world’s leading cryptocurrency. After already hitting new highs earlier […]
The Bitcoin halving is a recurring, periodic event programmed into the Bitcoin protocol, designed to ensure its scarcity and, by extension, its value over time. Each halving, the number of new Bitcoin emitted as mining rewards for each new block reduces by half. Halving events are projected to occur through 2140, when Bitcoin reaches its […]
After a roaring 2023, stocks have gotten off to a great start in 2024 as well. The S&P 500 (SNPINDEX: ^GSPC) jumped 10% in the first quarter, marking its best performance for the quarter since 2019, and the Nasdaq Composite was close behind with a 9% gain. Stocks are keeping the momentum going from a surge in the last two […]
Base, the Ethereum layer-2 blockchain developed by leading US crypto exchange Coinbase, has experienced a remarkable surge in its total value locked (TVL), surpassing $4 billion for the first time. According to L2BEAT, Base’s TVL stands at $4.15 billion, with $1.45 billion representing canonically bridged value and $2.7 billion in natively minted assets. Base currently […]
Bitcoin topped $71,000 in Asian trading hours Monday ahead of the reward halving expected on April 20, giving some Ordinal and BRC-20 ecosystem bets a boost even as the broader crypto market remained little changed. BTC rose 2% in the past 24 hours taking it to the highest since April 1, data from CoinGecko shows. […]
In previous halving cycles, the price of Bitcoin has soared. Will it happen again this year? One of the most anticipated events of the year — the upcoming Bitcoin (BTC 4.03%) halving — is now just weeks away. For crypto watchers, this event is just as dazzling and awe-inspiring as a total solar eclipse is for stargazers and astronomers. […]
