US stocks rebounded on Monday, with the S&P 500 snapping a six-day losing streak as investors braced for a rush of Big Tech earnings. The S&P 500 (^GSPC) rose 0.9% to climb back above 5,000 after closing below the key level on Friday for the first time since February. The Dow Jones Industrial Average (^DJI) added 0.7%, […]
Oil prices edged higher on Tuesday, after falling in the previous session, as investors continued to assess the risk from geopolitical concerns in the Middle East. Global benchmark Brent crude oil futures traded 18 cents higher at $87.18 a barrel by 0634 GMT, and U.S. West Texas Intermediate crude futures also gained 16 cents to […]
The fact that the United States has taken an aggressive approach to cryptocurrency regulations — despite giving the green light for Bitcoin ETFs — is basically undeniable. This is particularly true of the Bitcoin mining complex, which has a long history dating back to the earliest days of Bitcoin. Nevertheless, the feds seem hellbent on destroying […]
Imagine a world where the money supply is finite, and there’s no dollars left to print. Sounds bizarre, right? But in the realm of Bitcoin, this scenario is not only possible but inevitable. The Bitcoin network, designed with a finite supply of 21 million coins, just hit a significant milestone: the halving just chopped its […]
Mortgage rates remain elevated today, and they should stay relatively high until inflation slows and the Federal Reserve lowers the federal funds rate. While many people expected the Fed to drop the federal funds rate this spring or summer, experts say a rate cut won’t happen until later this year, likely in September. In fact, it’s looking […]
World financial leaders are pushing to overhaul a system for sovereign debt restructurings that has left poor countries locked out of capital markets as China’s emergence as a key player upends traditional negotiations. How to fix the so-called common framework initiative, hatched during the pandemic to help poor countries rework their debt, was among the […]
Bitcoin (BTC) started the week stable, changing hands above $65,800, as transaction fees have significantly lowered following the halving. On-chain data from Mempool.space shows that medium-priority transactions are now costing $8.48 while high-priority transactions cost $9.32. (Mempool.space) In the initial aftermath of the halving, these fees spiked to over $146 for a medium-priority transaction and $170 for a high-priority transaction. The […]
Bitwise CEO Hunter Horsley has predicted that wealth management firms will increase their holdings of Bitcoin exchange-traded funds (ETFs). The prediction comes at a time when Bitcoin ETFs are expected to gain even more traction after the halving. Horsley’s prediction aligns with the broader market belief that there is increasing demand for ETFs, given that Bitcoin investments in […]
Cryptocurrencies fell heavily and bitcoin broke below $60,000 on Friday in a rush out of risky assets following reports of an Israeli missile strike on Iran. Bitcoin slid more than 5.5% to $59,961 in the Asia session as the U.S. dollar rose broadly. Ether fell by a similar margin, dropping below the $3,000 barrier to […]
Bitcoin users have spent a staggering 37.7 Bitcoin in fees — worth just over $2.4 million at current prices — to nab their share of limited space on the fourth-ever Bitcoin halving block. At 12:09 am UTC on April 20, Bitcoin miner ViaBTC produced the 840,000th block, triggering the automated protocol that cuts miner rewards […]
Taiwan’s Weighted Index led losses in Asia on Friday, falling 3.81% and closing at 19,527.12, its lowest level in over a month as most major markets in the region fell amid escalating tensions in the Middle East. Asian equities declined as a person familiar with the matter told NBC News that Israel carried out a limited […]
Super Micro Computer’s lack of a preliminary earnings report led to a bloodbath in the sector. It’s rare for a $2 trillion stock to fall on no direct news, but that’s exactly what happened to Nvidia (NVDA -10.01%) today. Shares of the AI chip leader got swept up in a broader AI sell-off after one […]
