Oil prices have continued trading in a narrow range in the new year with fears about weak fundamentals and the threat of a recession outweighing geopolitical risks. Last week, Commodity analysts at Standard Chartered argued that oil fundamentals were in better shape than the market was giving it credit for, and the market is heavily […]
U.S. stock futures hovered near the flatline early Monday following a record-setting week for the S&P 500. Futures tied to the 500-stock benchmark were flat. Dow Jones Industrial Average futures were 0.08% lower, while Nasdaq 100 futures traded 0.07% higher. On Friday, the S&P 500 rose 0.57% to close above the 5,000 level for the first time, while the tech-heavy Nasdaq Composite added 1.25%. On […]
At the start of 2024, a price target of $100,000 for Bitcoin (CRYPTO: BTC) looked like a no-brainer. Bitcoin had just rallied more than 150% to a price of $45,000. Wall Street had finally embraced Bitcoin as an asset class, and the imminent arrival of new spot Bitcoin ETFs promised to unlock a torrent of new investor money into Bitcoin. The problem, […]
Bitcoin has a new six-figure price target for 2024 as institutional inflows flood the market. In fresh analysis on X (formerly Twitter) on Feb. 11, Ki Young Ju, CEO of analytics platform CryptoQuant, predicted $112,000 per bitcoin this year. Bitcoin ETFs have power to send BTC price to $112,000 The launch of the United States’ first spot Bitcoin […]
Bitcoin took a rain check on snap upside at the Feb. 9 Wall Street open as 24-hour gains hit 6%. Analysis warns Bitcoin shorters play a risky game Data from Cointelegraph Markets Pro and TradingView showed BTC price trajectory retracing after reaching $47,700. The move, driven by spot markets, barely stopped for breath overnight as successive Asia and United States trading sessions […]
Bitcoin (BTC) mining companies appear to have bottomed out following the approval of spot bitcoin exchange-traded funds (ETFs) in the U.S. last month, and broker Bernstein advises buying its preferred stocks in the sector ahead of the next reward halving, it said in a research report Thursday. The world’s largest cryptocurrency has performed well ahead of the halving, in which the […]
The S&P 500 (^GSPC) closed above 5,000 for the first time ever on Friday. And once again, the stocks leading it higher are the biggest members of the benchmark average. Amazon (AMZN), Meta (META), Microsoft (MSFT), and Nvidia (NVDA) have produced a nearly 20% return to start the year, per analysis from Yahoo Finance’s Jared […]
Wall Street celebrated another record close on Friday as the benchmark S&P 500 index ended above 5,000 for the first time ever. The record-setting session came as investors applauded a revision of December inflation data that showed it was even lower than first reported. Waves of well-received quarterly earnings also buoyed stocks, with big names […]
Beijing seems ready to inject cash into the stock market. Chinese stocks were surging broadly today on signs that Beijing was taking steps to support the stock market following a brutal decline over the last three years. This morning, reports that China’s sovereign wealth fund would pump cash into the stock market had investors feeling […]
US stocks ended Tuesday’s session in the green as the Dow Jones Industrial Average (^DJI) led gains, rising about 0.3%. The S&P 500 (^GSPC) followed suit, climbing roughly 0.2% while the tech-heavy Nasdaq Composite (^IXIC) erased earlier session losses heading into the close to finish in green figures. The moves come as investors digested comments from a […]
CleanSpark Inc. is set to double its hash rate in the first half of 2024 after the Bitcoin miner agreed to purchase four new mining facilities before the reward for mining the cryptocurrency is halved. CleanSpark announced on Feb. 6 that it bought three mining facilities in Mississippi for $19.8 million, which will produce an immediate 2.4 exahashes/ […]
The Solana (SOL) network, a major player in the blockchain scene with over $1.67 billion in Total Value Locked (TVL) and a stablecoins market capitalization exceeding $2.2 billion, has unexpectedly gone offline at the time of this report. According to data from Solanabeach Explorer, the last confirmed block was around 52 minutes ago, causing a […]
