How Nigeria’s $20B Refinery Disrupts European Markets

Two months ago, Nigeria’s beleaguered energy sector witnessed a very significant event: the Dangote Oil Refinery began producing gasoline and selling it domestically to Nigeria’s state oil firm, Nigerian National Petroleum Company (NNPC), marking the first time in decades Africa’s largest oil producer is refining its own crude. The state-of-the-art $20.5 billion refinery was launched […]

London’s FTSE 100 closes at record high; Novo Nordisk slides after U.S. lists its drugs for price talks

European markets closed in positive territory on Friday with London’s FTSE 100 ending the session at a record high. The pan-European Stoxx 600 index ended Friday 0.68% higher, with nearly all sectors and all major bourses in the green. Mining stocks led the gains, with the sector up 2% after Bloomberg reported Glencore had been in talks with Rio Tinto to explore the industry’s […]

Trump and bitcoin: BlackRock predicts another historic year for crypto

Bitcoin should rip higher under President-elect Donald Trump, according to BlackRock’s ETF chief. Samara Cohen, the firm’s ETF and index instruments chief investment officer, thinks cryptocurrency deregulation will “absolutely” propel bitcoin to another historic year. “There will be progress made on… FIT21 [“Financial Innovation and Technology for the 21st Century Act.] There will be progress made on stable coins. […]

Is the Bitcoin Bull Market Over? Analysts Weigh In

Has Bitcoin Peaked? Analysts Spot Ominous Signals In a market update published on Dec. 29, 2024, the firm acknowledges the cryptocurrency’s resilience, however, emerging technical patterns suggest the market may be entering a new phase. 10x Research is a digital asset research service catering to asset managers, wealth managers, and cryptocurrency service providers. Over the past two weeks, 10x […]

Improving Bitcoin price metrics highlight bears’ dwindling confidence in sub-$95K BTC

Bitcoin BTC$95,024 has struggled to maintain prices above $95,000 since Dec. 28, but demand for leveraged positions has been on the decline. During this period, bulls faced $470 million in liquidations, while bears showed reduced appetite, especially as Bitcoin tested levels below $92,000. Measured by its open interest—the total number of contracts across all Bitcoin futures markets—the […]