Bitcoin price is on the verge of a notable trend change in its weekly and monthly timeframe chart. On both timeframes, a close above $65,000 sets a higher high and breaks the trend of lower highs which has defined BTC’s price action fo the past 6 months. Prior to this week’s rally above $66,000, the crypto […]
Spot Bitcoin exchange-traded funds (ETFs) based in the United States have raked in more than $1.1 billion since Sept. 23, the largest week of inflows since July 15–19. According to Farside Investors, it included $494.4 million on Sept. 27, the best-performing day since June 4. Spot Bitcoin ETFs saw inflows of $366 million on Sept. 26. BlackRock’s […]
Stocks in mainland China spiked 4.84% while Japan’s Nikkei 225 tumbled 4.64% on Monday as investors assessed key economic data from the two countries. China’s official purchasing managers’ index reading for September came in at 49.8, better than the 49.5 expected by economists polled by Reuters. However, this marked a fifth straight month of contraction for the […]
After big pullbacks, this athletic apparel company and personal-care products retailer look poised to deliver large wins. The stock market has posted strong performance in 2024, with the S&P 500 index climbing roughly 20% across that stretch. On the other hand, not every company included in the benchmark index has been a big winner this year. Following […]
The blue-chip Dow Jones Industrial Average closed at a record high as a subdued inflation report stoked hopes for more Federal Reserve rate cuts, which also boosted small-cap stocks and enabled Wall Street’s three main indexes to post weekly gains. The technology-heavy Nasdaq slipped for the day while the S&P 500 edged slightly lower, but […]
The stock market is racking up record highs again. Investors are wasting no time moving into riskier assets from bitcoin to tech stocks after last week’s long-awaited rate cut from the Federal Reserve. Last week, the S&P 500 and Dow surged to new highs after the Fed said it is cutting interest rates by half […]
Bitcoin (BTC) surged past $65,000, holding steady at $65,580 amid a 3% rally, as experts point to easing monetary policy, China’s stimulus, and increasing on-chain activity as key drivers for the current momentum. Analysts now suggest a fourth quarter rally is likely, with targets set for $70,000 in the near term. Ethereum (ETH) also followed […]
American investors appear to be regaining their appetite for risk, as new exchange-traded funds (ETFs) giving a leveraged position to MicroStrategy stock are booming. MSTX, which launched in August, now has $357.6 million in assets under management. The fund aims to give investors daily leveraged investment results of 1.75 times (or 175% of) the daily […]
Bitcoin has achieved significant success since its inception, but some within the community remain concerned about its future. On Sept. 14, a Redditor on the Bitcoin subreddit appealed to the community with a question on the most legitimate concerns about the future of BTC. The response,”‘I don’t have enough money to buy more,” received the most upvotes, […]
In the past six months, the Bitcoin network has seen a significant drop in capital inflows, with the Bitcoin price stuck in a “lengthy consolidation phase,” according to Glassnode. This extended period of consolidation, which has persisted since after the 2024 Bitcoin halving, has seen the short-term holder (STH) cohort, those who have held BTC for […]
Oil fell for a second day as Saudi Arabia was reported to be weighing increasing output, and factions in Libya reached a deal that opens the way to the return of some crude production. Brent dropped toward $73 a barrel and is down almost 4% since the close on Tuesday, while West Texas Intermendiate was […]
After the Federal Reserve kicked off its rate-cutting-cycle sending the market (^DJI,^GSPC, ^IXIC) higher, Kate Moore, BlackRock’s global allocation fund head of thematic strategy joins Josh Lipton and Julie Hyman to discuss what Wall Street needs to see for stocks to continue to climb. Moore tells Yahoo Finance that there are three things that the […]
