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The cryptocurrency market is gripped by a palpable sense of unease, as Bitcoin and its brethren navigate a tumultuous sea of economic uncertainties. Fears of a significant Bitcoin crash, mirroring the volatility seen in traditional stock markets, have intensified, casting a long shadow over the entire digital asset landscape. The …

Recent economic data indicates a stabilization of wholesale prices, offering a temporary reassurance about inflationary pressures. The Producer Price Index (PPI), a key indicator of wholesale inflation, remained flat in February, showing a year-over-year increase of 3.2%. This figure fell slightly below economists’ expectations, suggesting a slowdown in price hikes …

Gold prices have ignited a spectacular rally, surging past previous records and brushing against the $3,000 threshold, a feat achieved despite the headwinds of a robust US dollar and elevated Treasury bond yields. In a display of raw bullish power, XAU/USD soared to an all-time high of $2,971 a troy …

Initial Jobless Claims in the U.S. fell to 220K, coming in below expectations and marking a slight decrease from the previous week’s revised 222K figure, according to the U.S. Department of Labor (DOL). Key Labor Market Data: Initial Jobless Claims: 220K (vs. 221K expected, prior revised to 222K). Continuing Jobless …

U.S. producer prices rose at a slower-than-expected annualized rate in February, signaling cooling inflation pressures that could influence the Federal Reserve’s monetary policy stance amid economic uncertainty linked to Donald Trump’s trade policies. Key Producer Price Index (PPI) Data: Annual PPI Growth: 3.2% (vs. 3.3% expected), down from 3.7% in …

The International Energy Agency (IEA) has revised its oil demand growth estimates for Q4 2024 and Q1 2025, citing worsening macroeconomic conditions driven by global trade tensions. Revised Oil Demand Forecasts The agency now expects global oil demand to increase by 1.03 million barrels per day (bpd) in 2025, down …

The euro and the British pound remained near their multi-month highs against the U.S. dollar on Thursday, as concerns over slowing U.S. economic growth and escalating trade tensions weighed on the greenback. The euro was last seen at $1.0880, slightly lower but still near its five-month high earlier in the …

Bitcoin rebounded on Thursday, extending its recovery from recent losses, as cooling U.S. inflation data bolstered sentiment. However, gains remained limited due to trade war fears and ongoing recession concerns. The world’s largest cryptocurrency rose 1.8% to $83,511.6 by 01:27 ET (05:27 GMT), following a slight improvement in risk appetite …

Gold prices climbed in Asian trading on Thursday, supported by weaker-than-expected U.S. inflation data, which reinforced expectations of interest rate cuts by the Federal Reserve. Spot gold rose 0.4% to $2,945.18 per ounce, while gold futures for April delivery edged 0.2% higher to $2,953.62 per ounce as of 00:56 ET …

Senate Democrats Weigh Blocking GOP Shutdown Bill, Facing Looming DeadlineWith a government shutdown looming less than 48 hours away, Senate Democrats are considering blocking a Republican-crafted funding bill, despite Republican efforts to place the blame for any potential shutdown squarely on Senate Majority Leader Chuck Schumer. The House passed the …