Analysts see U.S. oil output growth slowing down this year. Why it matters: The U.S. is by far the world’s largest producer and a major exporter, which influences global market balances and prices. The big picture: Production grew by roughly 1.8 million barrels per day over the past couple of years, Energy Department data shows. How it works: “Offsetting base […]
After a brief respite, the Magnificent 7 stocks have again hit new highs on the heels of Nvidia’s blowout earnings: They now again comprise about 30% of the S&P 500. Throw in the remainder of the top 10 stocks (Berkshire Hathaway, Lilly, and Broadcom) and the concentration rises to about 33% of the S&P 500. […]
The Bitcoin halving is fast approaching—and market analysts tell Decrypt that there are unique circumstances this time around that will play important roles for traders and investors. The lingering doubt for most is the age-old question: Is the Bitcoin halving priced-in? The biggest digital coin by market cap has shot up in value following the […]
Cumulative trading volume for the new spot Bitcoin exchange-traded funds reached more than $50 billion on Thursday, six weeks after the Securities and Exchange Commission gave ETFs from BlackRock, Fidelity and Bitwise, among others, the green light. Spot Bitcoin ETF cumulative volumes increased from $28.3 billion at the start of the month to $50.5 billion by […]
Japan’s Nikkei 225 hit a record high on Thursday as robust corporate profitability and steps aimed at boosting investor returns fuel a blistering rally in Japanese equities this year. The Nikkei 225 hit 38,924.88, surpassing the previous record high of 38,915.87 reached in 1989. Both the Nikkei and the broader Topix have been standout outperformers […]
European stocks closed slightly lower Wednesday as regional markets struggle to find positive momentum. The pan-European Stoxx 600 index provisionally ended down 0.2%, with major bourses mixed and most sectors in negative territory. Banks fell 1%, while autos rose 1.6%. Shares of HSBC sank over 8% after reporting an 80% drop in pre-tax profits in the final three months […]
Analysts at Pantera Capital see a half-trillion-dollar opportunity in bringing decentralized finance to Bitcoin, potentially making Bitcoin-based decentralized apps top assets in crypto. Pantera Capital analysts have identified a significant opportunity worth over half a trillion dollars in bringing decentralized finance (defi) to the Bitcoin blockchain, potentially positioning Bitcoin-based decentralized applications as leading assets in […]
Bitcoin recently crossed the $50,000 mark, regaining the $1 trillion market capitalization for the first time since Dec. 2021. The big question now is, when will BTC hit a new all-time high? Tom Lee, a prominent figure in the crypto community, has identified three major factors he believes will drive Bitcoin to the coveted $150,000 […]
China’s lenders cut the country’s benchmark five-year loan prime rate for the first time since June, extending Beijing’s efforts to revive the country’s anemic property market. The Chinese central bank kept its one-year loan prime rate — the peg for most household and corporate loans in China — unchanged at 3.45%. The benchmark five-year loan […]
Oil prices edged down on Monday morning as markets digested comments from U.S. Federal Reserve officials pointing to a more patient stance regarding potential interest rate cuts, in thin early trade on what is a public holiday in the United States. Brent crude futures were down 58 cents, or 0.69%, at $82.89 a barrel. U.S. […]
A record $2.45 billion inflow in digital asset products in the week ending Feb. 17, and Bitcoin’s price appreciation, caused the industry’s assets under management to reclaim December 2021 levels at $67.1 billion. Most of the investment happened in the United States through Bitcoin’s spot exchange-traded funds (ETFs), according to a Feb. 19 CoinShares blog post. However, […]
Bitcoin (BTC) has had a stellar few months, with bulls ignoring a resurgent U.S. dollar and Treasury yields to push the leading cryptocurrency to the highest level since late 2021. While a price pullback looks plausible, the broader uptrend looks set to continue, with prices revisiting and potentially surpassing the record high of $69,000 before […]
