China and Hong Kong stocks gained ground Wednesday as video-game shares surged, while Australia stocks hit a near two-year high, as more markets resumed trading after a Christmas break. China’s CSI 300 index added 0.40% by afternoon trading as shares of video-game companies rebounded after declining in the previous session. Chinese online gaming stocks rose in […]
Oil prices fell in early Asian trade on Wednesday, trimming strong gains from the previous session as major shipping firms began returning to the Red Sea despite continued attacks and escalating tensions in the Middle East. Brent crude futures fell 18 cents, or 0.22%, to $80.89 a barrel by 0101 GMT. U.S. WTI crude futures were down 22 […]
There has been extensive debate about whether the launch of a spot Bitcoin exchange-traded fund (ETF) will lead to a price correction after the initial excitement from investors subsides. While some arguments hold merit, they overlook the broader perspective. The approval of a spot Bitcoin ETF will be a game-changer in various aspects, including volatility, […]
MicroStrategy was founded almost 35 years ago and existed for most of its history as a little-known software company focused on business intelligence. But in 2023, the stock has soared 337%, making it one of the biggest gainers in the U.S. among companies valued at $5 billion or more, topping Nvidia’s 234% rally and Meta’s 194% surge. Unlike its tech […]
The US stock market will enter the final trading week of 2023 with the whole story coming together. Inflation data out Friday showed the Federal Reserve continues to close in on its goal of returning inflation to 2% and puts the central bank on the path towards cutting interest rates. Recession signals remain few and […]
The growing pile of cash in money market funds should serve as a strong backstop for the stock market in 2024, according to a recent note from Fundstrat’s technical strategist Mark Newton. The allure of 5% interest rates has led to a surge in money market fund assets this year, with total cash on the […]
Another incredible gain could be on the horizon for this top digital asset. After tumbling 65% in 2022, Bitcoin (BTC -1.67%) has been a monumental winner this year. The world’s leading digital asset has skyrocketed about 160% in 2023, a gain that beats the stock market’s gains by a huge margin. As of this writing, this top cryptocurrency’s price sits […]
The amount of Ethereum (ETH) owned by long-term holders has reached a new milestone, hitting 70% since Dec. 1. According to blockchain analytics firm IntoTheBlock, this is noteworthy as it puts Ethereum ahead of Bitcoin (BTC) per the same metric, which hovered just shy of 70%. Some market watchers consider the rise in the proportion […]
US stocks climbed Thursday to rebound after the major indexes suffered their worst daily sell-off in months. The S&P 500 (^GSPC) popped about 1%. The Dow Jones Industrial Average (^DJI) rose 0.9%, while the teach-heavy Nasdaq Composite (^IXIC) gained more than 1.2% after both indexes had snapped nine-day win streaks. Thursday brought a wave of […]
Tencent lost about $43.5 billion in market value on Friday after China surprised financial markets with a fresh set of rules aimed at curbing excessive gaming and spending. The draft guidelines from China’s National Press and Publication Administration sank the Hong Kong-listed shares of Tencent, NetEase and Bilibili — among the largest online gaming-related counters […]
The Bitcoin (BTC) price has fallen slightly since reaching a new yearly high of $44,730 on December 8. The BTC price grapples with a long-term horizontal and Fib resistance level, having moved above and below it numerous times. Will BTC manage to reclaim it? Bitcoin Attempts to Reclaim Resistance In the weekly time frame technical analysis, […]
Bitcoin, Ether and other crypto tokens are still in line for “new lows,” says the trader who has held a $12,000 BTC price target throughout the year. In his latest post on X (formerly Twitter) on Dec. 22, the pseudonymous account Il Capo of Crypto called the end of the current bull market. Crypt bull market: “The […]
