After rallying significantly earlier this week, oil prices plummeted by around 2% on Wednesday as markets awaited an interest rate policy announcement from the Federal Reserve before the closing bell. At 12:55 p.m. ET on Wednesday, Brent crude was trading down 1.68% at $85.91, while WTI, the U.S. crude benchmark, was trading down 2.17% at $81.66. […]
US stock indexes hit record highs on Wednesday after the Federal Reserve held interest rates unchanged and stuck to its projection of three rate cuts this year. The S&P 500 (^GSPC) rose 0.8%, finishing at 5,224.62, its first-ever close above 5,200. Meanwhile, the Dow Jones Industrial Average (^DJI) popped about 1% to close at a […]
Bitcoin turned higher on Wednesday, reversing early losses, as investors took a pause from the recent pullback and weighed the Federal Reserve’s latest policy decision. The price of the flagship cryptocurrency was last higher by 1.7% at $65,773.23, according to Coin Metrics. Earlier in the day, it fell as low as $60,793.60. Cryptocurrencies strengthened at […]
Crypto markets bounced sharply higher and bitcoin (BTC) targeting $67,000 on Wednesday as U.S. Federal Reserve Chair Jerome Powell hit a dovish tone after and the central bank maintained its outlook for three rate cuts this year despite hotter-than-expected inflation figures. Bitcoin (BTC) hit a $67,781 daily high, recording a more than 10% recovery from level seen hours earlier. Ether (ETH) erased its […]
Oil prices ticked up in early Asian trading on Monday, firming up gains from last week when prices rose nearly 4% on the view that supply was tightening. Brent crude oil futures for May delivery inched up 3 cents to $85.37 a barrel by 0045 GMT. The April contract for U.S. West Texas Intermediate (WTI) […]
It was a wild week for Bitcoin, which rose to a new all-time high of $73,777 but then quickly gave back all its gains and dropped near $64,500. As of publication time, Bitcoin is on track to end the week down marginally by about 1% over the previous week’s close. Analysts anticipate a shallow correction […]
On the latest Crypto Rus show, host George talked about Bitcoin’s recent big wins and said it hit another all-time high today, breaking its record easily. Even though it went up and down a bit, Bitcoin keeps climbing, showing it’s tough even when the market gets shaky. With Bitcoin’s relentless climb to new highs and […]
Japan’s Nikkei 225 index led gains in Asia-Pacific markets on Monday, while China shares extended gains after data showed its economy kicked off the year on a strong note. The U.S. Federal Reserve will start its Federal Open Market Committee meeting on Tuesday. A Reuters poll of economists is expecting the Fed to hold its […]
Stocks started the week on a high note but ended with a whimper. The S&P 500 index on Tuesday reached a record high close for the 17th time this year, as investors shrugged off a higher-than-expected 3.2% annual rise in consumer prices and cheered a cooldown in some categories like food prices. Stocks weren’t the only winners. […]
Stocks finished lower on Friday, notching a second consecutive losing week for Wall Street, as investors weighed the impact of hot inflation prints on the Federal Reserve’s policy decision next week. The S&P 500 (^GSPC) lost 0.7%, while the Dow Jones Industrial Average (^DJI) shed 0.5% or nearly 200 points. The tech-heavy Nasdaq Composite (^IXIC) […]
Rumors of a massive Bitcoin purchase from the Qatar Investment Authority (QIA) are unlikely to materialize, a local financial executive told Cointelegraph. The speculation was spread by Bitcoin enthusiasts on X (formerly Twitter) over the past weeks, suggesting Qatar’s sovereign wealth fund could soon add $500 billion in BTC to its portfolio. However, the probability of such […]
Bitcoin suffered a steep drop in overnight trading, showing that the world’s largest cryptocurrency hasn’t shaken its tendency for big drops despite continuing to gain acceptance within the mainstream financial world. Data from Coin Metrics shows bitcoin was trading above $72,000 late Thursday night before falling to about $67,000 on Friday, a decline of roughly […]
