The S&P 500 fell Thursday, ending an eight-day winning streak, as a sharp jump in yields rattled investors. The benchmark index declined 0.81%, closing at 4,347.35, while the Nasdaq Composite lost 0.94% and settled at 13,521.45. The Dow Jones Industrial Average dropped 220.33 points, or 0.65%, to close at 33,891.94. Stocks hit session lows after Federal Reserve Chair Jerome Powell indicated […]
U.S. Treasury yields rose on Thursday as investors parsed economic data and comments from Federal Reserve officials for clues about what could be on the horizon for the economy. The 10-year Treasury was up by 13 basis point at 4.636%. The 2-year Treasury yield rose by nearly 9 basis points to trade at 5.033%, topping the closely watched 5% […]
The price of ether jumped Thursday, topping the key $2,000 level for the first time since April, after BlackRock took initial steps toward filing for a spot ether ETF. Ether was last higher by nearly 7.48% at $2,037.61, according to Coin Metrics. Meanwhile, bitcoin added 2.67% to trade at $36,574.83. Earlier, it climbed as high as $37,970, its highest level […]
A recent spike in transaction fees on Ethereum and Bitcoin appears to have reignited the debate around solutions for scalability and the role of layer 2s. Over the last 24 hours, cryptocurrency users began sharing screenshots showing double, occasionally triple-digit transaction fees on Ethereum and Bitcoin. One screenshot showed gas fees were as high as […]
Stocks continued their hot streak Tuesday, extending gains for the seventh straight session as renewed confidence in the Federal Reserve ending its tightening campaign this year lifted investors. The tech-heavy Nasdaq Composite (^IXIC) rose 0.9%, continuing its own win streak, while the benchmark S&P 500 (^GSPC) edged up by nearly 0.3%. The Dow Jones Industrial […]
On Monday, November 6th, the U.S. stock markets closed in Green as investors awaited Federal Reserve policy updates and prepared for new bond offerings. The Dow and S&P 500 extend their winning streak to six days, while the Nasdaq gains for the seventh consecutive session. The majority of the S&P 500 sectors ended the day […]
Data from Glassnode suggests that Bitcoin is in an accumulation pattern, with its available supply reaching a new historical low. According to the report, Bitcoin’s illiquid supply and long-term holders are increasing. As its supply tightens, available BTC is being purchased by smaller, long-term holding entities. Bitcoin accumulation among a majority of investor cohorts and the bullish […]
Bitcoin (BTC) jumped to $35,500 Tuesday as the widening altcoin rally and risk-on sentiment in traditional markets lifted the total cryptocurrency market’s value to a 16-month high. A quiet and modestly lower session was upended mid-afternoon as bitcoin quickly spiked nearly 3% from $34,600, with some suggesting a short squeeze in the derivatives markets as the reason. At press […]
U.S. equity futures were slightly higher on Monday after the major averages capped their best week so far this year. Futures tied to the Dow Jones Industrial Average rose 46 points, or 0.13%. S&P 500 futures ticked higher by 0.1% and Nasdaq 100 futures were higher by 0.07%. All of the major averages were coming off their best weeks of […]
South Korea stocks surged on Monday after the country re-imposed a ban on short selling, while most Asia-Pacific markets took heart from a soft U.S. jobs report that helped reduce interest rate expectations. Financial authorities in South Korea said short selling will be banned until the end of June 2024. Short selling is when a trader […]
Potential spot bitcoin ETF approval excitement is building in the crypto ecosystem, but Arthur Hayes isn’t convinced such an event is good for bitcoin, or for the people who use it. The crypto OG and Maelstrom Fund founder says institutional interest in bitcoin could “herald a situation that we might not actually like in the […]
Financial services giant Fidelity’s director of global macro says bitcoin is “exponential gold.” He explained that gold is “too deflationary and clunky to be used as a medium of exchange,” noting that “investors own it primarily as a store of value — and one of the many reasons bitcoin is often compared to gold.” Fidelity’s […]
