The stock market is due for a correction as the end of the year approaches, according to Wells Fargo investment strategist Chris Harvey. Harvey told CNBC on Thursday that a near-tapped out consumer and overly optimistic projections about interest rate cuts from the Federal Reserve means now is not the time for investors to be […]
How smart do you have to be to invest in stocks? According to the late Charlie Munger, Warren Buffett’s business partner, not very. “It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent,” he once said, according to Janet […]
Swan Bitcoin CEO Cory Klippsten has suggested that spot Bitcoin exchange-traded funds (ETF) will suppress the loud and flashy marketing strategies that have served as the initial gateway for many into the crypto space since 2017. During a recent interview with Bloomberg on December 1, Klippsten reiterated that Bitcoin ETFs offer an alternative entry into the market […]
November brought explosive gains for altcoins as a wide range of smaller cryptocurrencies outperformed bitcoin (BTC), prompting calls for an altcoin season. The native token of Avalanche (AVAX) surged 97% over the past month, the most among large-cap digital assets, benefitting from news that finance giants JPMorgan and Apollo are using the network to test real-world-asset tokenization. Transaction volumes on […]
US stocks were mixed on Thursday but the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) finished higher to close their best month this year as investors continued to bet on interest rate cuts after a key reading on consumer inflation. The Dow Jones Industrial Average paced gains with a jump of nearly 1.5%, […]
Annual inflation in the euro zone cooled to 2.4% in November from 2.9% in October, flash figures showed Thursday. Economists polled by Reuters expected a reading of 2.7%. Core inflation — a measure closely watched by the European Central Bank that excludes the volatile effects of energy, food, alcohol and tobacco — also came in […]
The case for a continued rally in bitcoin (BTC) to $40,000 and higher by the year-end has strengthened, with centralized exchanges recently witnessing a sizeable exodus of coins. Data by Glassnode shows just over 37,000 BTC, worth $1.4 billion, has been withdrawn from exchanges since Nov. 17 in a sign of investors taking direct custody of their coins. The outflow likely represents […]
Bitcoin returned to $38,000 on Dec. 1 after the November monthly close became its best since April 2022. Bitcoin bears fail to spark monthly close sell-off Data from Cointelegraph Markets Pro and TradingView tracked impressive overnight BTC price performance,which held key support. The close came in at just over $37,700, with bid liquidity preserving the intraday range and avoiding […]
Oil prices jumped on Tuesday, settling up about 2% on the possibility OPEC+ will extend or deepen supply cuts, a storm-related drop in Kazakh oil output and a weaker U.S. dollar. Brent crude futures settled up $1.70, or 2.1%, at $81.68 a barrel. U.S. West Texas Intermediate (WTI) crude gained $1.55, or 2.1%, to settle at $76.41. […]
Union strikes from Detroit to Hollywood have proven the power of workers and turned the tide after decades of a weakened labor movement, but the signs are increasing in the nationwide job market that the post-pandemic era of worker control over wage growth and job opportunities is coming to an end. All year long, and […]
Bitcoin, the largest cryptocurrency by market value, experienced its first-ever halving 11 years ago today. As the community celebrates the anniversary of the first Bitcoin halving, it’s timely to revisit some of Bitcoin’s historical milestones ahead of the next halving expected in April 2024. The first Bitcoin transaction occurred nearly 15 years ago on Jan. 3, […]
Bitcoin may cruise to nearly $50,000 as the United States okays the first spot BTC exchange-traded fund (ETF). As flagged by popular analyst CryptoCon, the Ichimoku Cloud indicator is counting down to upside BTC price continuation. Analysis: $43,000 BTC price is “most conservative level” Bitcoin is in a rare position on weekly timeframes when it comes to […]
