Stocks closed in the green on Monday, after notching their third straight week of wins as hopes for a retreat in US interest-rate hikes persisted. The S&P 500 (^GSPC) closed up 0.7%, while the Dow Jones Industrial Average (^DJI) climbed more than 0.5%, or about 200 points. The tech-heavy Nasdaq Composite (^IXIC) gained more than […]
Asian stocks advanced Tuesday, buoyed by gains on Wall Street, as US shares extended their rally and a $16 billion sale of 20-year Treasuries lured bond buyers. The dollar extended losses. Technology stocks were among the outperformers in the region. A gauge of China developers gained as much as 7.6%, poised for the biggest increase […]
Bitcoin (BTC) stashed in wallets tied to centralized cryptocurrency exchanges is rising at the fastest pace since May, hinting at a potential bull pause in the market. Blockchain analytics firm Glassnode’s bitcoin exchange net position change metric, which measures the number of coins held by exchange wallets on a specific date compared to the same date four weeks ago, […]
Optimism surrounding a potential spot Bitcoin ETF approval and the rising popularity of Bitcoin ordinals inscriptions has led to a rise in transaction fees on the network, which surpassed fees on Ethereum for the first time since 2020. According to data from Crypto Fees, Bitcoin transaction fees reached a daily high of $11.6 million, outpacing […]
As investors weigh year-end tax moves, there may be a lesser-known savings opportunity for certain cryptocurrency investors, experts say. After the crypto industry lost nearly $1.4 trillion in 2022, many investors leveraged tax loss harvesting, which uses losses to offset profits. But after a rally in 2023, you may consider strategically selling profitable crypto held […]
If recent price action is any indication, this digital asset is poised for more gains ahead. Bitcoin‘s (BTC -0.10%) history is characterized by a boom-and-bust cycle. Investor enthusiasm and risk-seeking behavior create the necessary conditions for a raging bull market. But then, as pessimism takes hold of the market, this cryptocurrency seems to go into free fall. It […]
After a rally that defied high interest rates and recession calls, stock valuations are now edging toward levels seen before some of the greatest market meltdowns in history – by one measure at least. A time-tested way of assessing whether equities are fairly valued is by comparing them with government bonds, considered one of the […]
Prepare for stocks to plunge by a third and a recession to strike imminently, a legendary market forecaster has said. “I’ve been of the opinion that stocks — and I came out with this forecast early last year — would decline about 30% to 40% peak to trough,” Gary Shilling, the president of A. Gary Shilling & […]
U.S. Treasury yields fell on Thursday as investors digested recent inflation data that could impact the path ahead for Federal Reserve monetary policy. At 6:11 a.m. ET, the yield on the 10-year Treasury was down by over 3 basis points at 4.5%. The 2-year Treasury yield was last trading at 4.888% after falling by more than 2 basis […]
Hong Kong stocks led declines in the Asia-Pacific region on Thursday as Xpeng led electric vehicle stocks lower, while investors digested high-level discussions between the United States and China. The Hang Seng index fell 1.05%, after gaining 3.92% in the previous session. Hong Kong-listed shares of Xpeng dropped 4.2% after the Chinese EV company reported a wider quarterly loss. U.S. President Joe […]
Bitcoin’s (BTC) bullish momentum will likely remain intact heading into the end of the year, lifting prices to the $40,000 mark, according to Markus Thielen, research head at crypto services provider Matrixport and founder of analytics portal DeFi Research. “Bitcoin will reach $40,000 – if not even $45,000 – by the year’s end,” Thielen said in a […]
Quick Take New data analysis reveals an unprecedented trend in the circulating supply of Bitcoin. A notable 70% of the supply has not been transacted within the past year, marking an all-time high for supply last active 1+ year. This cohort is experiencing an increased rate of dormancy. This trend, in large part, can be […]
