Bitcoin continued its downward trajectory on Wednesday, erasing the entirety of its recent rebound as concerns over slower-than-expected interest rate cuts in 2025 rattled risk-driven assets. After briefly surpassing the $100,000 mark during a recovery from a late-December slump, the world’s largest cryptocurrency saw sharp losses on Tuesday and Wednesday. …
Read More »Bitcoin Breaks Six Figures Amid Renewed Optimism and MicroStrategy Buying Spree
Bitcoin extended its rally on Tuesday, re-entering six-digit territory after recovering from a year-end slump. The cryptocurrency gained momentum from both institutional buying and anticipation surrounding President-elect Donald Trump’s upcoming policies. Bitcoin Performance Price as of 01:02 ET (06:02 GMT): $101,711.6 Daily Increase: 2.1%, briefly surpassing $102,000 earlier in the …
Read More »Bitcoin Rises for the Seventh Session Amid Investor Optimism and Regulatory Uncertainty
Bitcoin extended its rally on Monday, marking a seventh consecutive session of gains. The cryptocurrency has been recovering from its year-end slump as investors cautiously monitor the regulatory landscape ahead of President-elect Donald Trump’s inauguration later this month. Key Price Movements Bitcoin: Gained 1.1%, trading at $99,513.7 by 01:35 ET …
Read More »Bitcoin Declines Further as Year-End Weakness Persists
Bitcoin extended its slide on Tuesday, falling 1.2% to $92,733.4 by 01:11 ET (06:11 GMT). The cryptocurrency hit a monthly low of $91,522 on Monday before recovering slightly as dip buyers stepped in. Despite the brief recovery, Bitcoin has dropped in five of the past six sessions and is poised …
Read More »Bitcoin Declines Amid Strong Dollar and Rate Concerns
Bitcoin continued its downward trend on Monday, slipping 1.6% to $93,869.0 by 10:04 GMT. This follows its peak of over $108,000 nearly two weeks ago. Despite the recent pullback, Bitcoin remains up a remarkable 120% year-to-date, fueled by optimism over potential digital currency backing under the incoming Trump administration. Market …
Read More »Bitcoin Declines Amid Thin Trading, Set for Second Weekly Loss
Key Highlights Bitcoin Slides Further: Bitcoin Price: Down 2.1% to $96,403.7 by 06:30 GMT. Year-End Trading: Soft volumes and cautious sentiment around cryptocurrencies have fueled the decline. Impact of Inaccurate Chart Data: An anomaly in TradingView’s Bitcoin dominance chart, which falsely displayed Bitcoin’s market share dropping to 0%, caused confusion …
Read More »Bitcoin’s 2025 Outlook Brightens on Expectations of Pro-Crypto US Policy
Bitcoin (BTC) experienced a remarkable surge in 2024, reaching a new all-time high of $108,353 in mid-December, representing a 140% price increase. This milestone, surpassing $2 trillion in market capitalization, marked a significant turning point for Bitcoin and the broader cryptocurrency market. As for its daily performance; Bitcoin is -3.7% …
Read More »Explainer: Why Tesla Stock Is Soaring
Tesla (NASDAQ: TSLA) shares continued to trend higher today, after an analyst assigned the stock a price target that is among the highest on Wall Street. Tesla stock has soared by over 25% in the last three months.Tuesday morning, shares were higher by as much as nearly 5% after Deutsche …
Read More »Financial Markets Weekly Recap: US Labour Data Attracted Most Investors’ Attention
The US labour market was a significant focus for investors, with the August nonfarm jobs repor as the most awaited data. The report confirmed signs of a softening US labour market, starring a drop in the unemployment rate from 4.3% to 4.2% by a clear softening trend in new jobs …
Read More »How Global Stocks Navigate Market Uncertainty In Stormy September Ahead
As markets take first steps into September 2024, a month historically known for its volatility, investors are bracing for potential challenges. Despite recent record highs, the global equity market faces a confluence of factors that could disrupt its upward trajectory.As we navigate the complexities of the global market, it is …
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