Bitcoin prices were sinking into correction territory Sunday morning, marking the sharpest slide for the digital asset since February, coming on the heels of what has been a remarkable stretch for the crypto industry. At last check, bitcoin prices BTCUSD, -14.69% late-morning Sunday were at $55,773.11 down nearly 14%Read More →
Housing data released on Friday in the US showed better-than-expected numbers, with an increase in housing starts by 19.4%. Analysts at Wells Fargo point out home building had gotten off to a strong start in 2020 before the lockdown caused activity to plummet in April. They see that theRead More →
The funding rate of Bitcoin (BTC) has dropped to levels not seen since September 2020 as the price of Bitcoin plummeted below $52,000 on April 18. Quant trader and analyst Lex Moskovski says it shows fear has returned to the market. According to the data from Glassnode, the average BitcoinRead More →
Nvidia Corp.’s stock traded at record highs Tuesday as analysts hiked price targets and applauded the chip maker’s plans to branch out into its rivals’ territory. Nvidia NVDA, +1.45% shares hit a new intraday record high of $625.40 Tuesday, squashing the previous record of $614.90 set in February andRead More →
ShapeShift CEO and crypto industry stalwart Erik Voorhees has suggested that the launch of ThorChain is arguably the biggest event in crypto this week. And considering all eyes in crypto are on the direct listing of major United States exchange Coinbase on the Nasdaq on Wednesday — with aRead More →
© Reuters. FILE PHOTO: FILE PHOTO: Sheets of Lincoln five dollar bill are seen through magnifying glass at Bureau of Engraving and Printing in Washington By Elizabeth Howcroft LONDON (Reuters) – The dollar edged higher on Tuesday, helped by a pick-up in U.S. Treasury yields, while riskier currencies dipped,Read More →
Bitcoin (BTC) extended its price drop on Wednesday amid warnings that excessive long positions needed to be flushed out to allow for fresh gains. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price barely clings to $56,000 support Cointelegraph Markets Pro and TradingView showed BTC/USD hitting new local lows ofRead More →
U.S. stocks held minor gains Wednesday midmorning in muted trade ahead of the release of minutes from the Federal Reserve’s March policy meeting which may offer clues on the central bank’s strategy if the economic rebound from the coronavirus pandemic runs too hot. How are stock benchmarks trading? TheRead More →
© Reuters. Rupee Tumbles on Worries RBI’s Bond Plan May Add to Money Glut (Bloomberg) — The Indian rupee tumbled to the lowest in more than four months, with some analysts saying the central bank’s formal plan to buy bonds will add to a liquidity glut. The fell asRead More →
The market capitalizations of all cryptocurrencies in existence surpassed $2 trillion on April 5, according to data from Goingecko, led by the impressive growth of Bitcoin (BTC), Ether (ETH) and other altcoins in 2021. The cryptocurrency market as a whole has become approximately as valuable as Apple, the secondRead More →
As the U.S. faces calls to share excess COVID-19 vaccine doses with less-wealthy countries, a new study suggests Americans have differing views on the appropriate levels and timing of so-called vaccine diplomacy. Older people in a survey of 788 U.S. adults were less likely to support higher levels ofRead More →
Oil Price Talking Points The price of oil appears to be stuck in a narrow range as the Organization of the Petroleum Exporting Countries (OPEC) plan to gradually restore production over the coming months, but the broader outlook warns of a larger correction in crude as it snaps theRead More →
© Reuters. FILE PHOTO: A man stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes in Shanghai By Alwyn Scott and Scott Murdoch NEW YORK (Reuters) – Asian shares were mixed early Tuesday as global investors shook off worries about a hedge fund defaultRead More →
Another day of gains for Bitcoin (BTC) has seen the price of the largest cryptocurrency by market capitalization go beyond the $1.1 trillion mark — $1.105 trillion to be precise. This market capitalization growth now means that Bitcoin’s market size has surpassed Canada’s M1 money supply which stands atRead More →
STOCK MARKET FORECAST: NASDAQ 100 STRUGGLING DESPITE BIG BEAT ON CONSUMER CONFIDENCE DATA The Nasdaq 100 is trading on its back foot so far this morning as major stock indices drop following the New York opening bell. Stock market selling pressure has been relatively modest, however, with the NasdaqRead More →
US equity markets saw an aggressive rally into the Friday close, with the S&P 500 now back close to ATHs. US data was largely ignored, with investors reverting to default bullishness on the prospects for the US economic recovery. US equity markets were seemingly panic bought into Friday’s close,Read More →
© Reuters. FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space on the floor of the NYSE in New York (Reuters) – Large block trades on Friday causing a wave of selling in a clutch of companies were driven by sales of more than $10Read More →
Former Department of Homeland Security official Christopher Krebs called for greater governmental oversight of cryptocurrency in an interview yesterday, saying that anonymous payments are a threat “the average American is concerned about.” In an interview on Late Night with Bill Maher, Maher asked the former U.S. Cybersecurity & InfrastructureRead More →
The company may have included “outdated information” in U.S. trial results for its COVID-19 vaccine, providing an “incomplete view of the efficacy data,” a U.S. federal health agency said in a highly unusual statement released after midnight. AstraZeneca AZN, -2.48% AZN, -3.10% said Monday that interim data from aRead More →
A report by analytics provider Coin Metrics has delved into the world of Ethererum transaction fees noting that they’re still at highest-ever levels and even a much touted approaching network upgrade is unlikely to alleviate the problem. According to the Ethereum Gas Report by Coin Metrics, median fees onRead More →
NZD/USD continued losing ground on Wednesday and dropped to fresh multi-month lows. The NZ government’s overnight announcement to curb housing prices weighed on the kiwi. The risk-off mood benefitted the safe-haven USD and contributed to the ongoing downfall. The NZD/USD pair remained depressed through the Asian session on WednesdayRead More →
The U.S. Securities and Exchange Commission has announced charges against California resident James Roland Jones in the first-ever enforcement action from the commission to target securities fraud on the darknet. According to the March 18 complaint, Jones is accused of accessing a darknet-based insider trading forum in late 2016Read More →
© Reuters. FILE PHOTO: A Boeing plane sits on the tarmac at the Boeing South Carolina Plant in North Charleston, South Carolina, United States By Eric M. Johnson and David Shepardson SEATTLE/WASHINGTON (Reuters) – A U.S. Federal Aviation Administration decision to bring in-house final checks on four Boeing (NYSE:)Read More →
Following the French government’s decision to sell 611 BTC in an auction this week, the United States government completed a Bitcoin auction recently. US General Services Administration, or GSA, auctioned off 0.7501 Bitcoin; the federal agency has made more than $53,000 from the sale. Interestingly, the aforementioned lot ofRead More →
EUR/USD continues to trade on the back foot and has now convincingly lost its grip on the 1.1900 level. The recent drop was prompted by news that the Fed will not be extending SLR rules at the month’s end. EUR/USD continues to trade on the back foot and hasRead More →
