Hotter-than-expected readings on consumer prices — and on some wholesale prices — over the past two days have led markets to price in a higher likelihood that the Federal Reserve will opt for a smaller, more conservative interest rate cut at its September meeting. A bigger reduction could send stocks reeling. As of Thursday, investors […]
Rob Gronkowski made a trip to the Financial District in New York City on Wednesday to pay his respects to 9/11 victims and appear at the Cantor Fitzgerald Charity Day to do some trading. The retired NFL star said he showed up on Wednesday to invest as much as he could because he heard that […]
Grayscale Investments has created a new trust for XRP, allowing accredited investors to gain exposure to the cryptocurrency known for facilitating cross-border transactions. The Grayscale XRP Trust functions like other single-asset crypto investment vehicles, holding only XRP. Grayscale’s head of product highlighted the potential of XRP to transform financial infrastructure. Grayscale Launches XRP Trust for Accredited Investors Crypto asset management firm Grayscale Investments […]
Bitcoin saw volatility into the Sept. 12 Wall Street open as fresh United States macro data offered mixed signals on inflation. BTC/USD 1-hour chart. Source: TradingView Fed rate cut bets preserved despite mixed data Data from Cointelegraph Markets Pro and TradingView showed BTC/USD heading below $58,000, still modestly up on the day. At 0.3%, the August print of the […]
Stocks rose Wednesday in a bout of volatile trading, as investors weighed what the latest U.S. inflation data means for Federal Reserve policy. Tech shares led a rebound from steep session lows. The S&P 500 gained 1.07% to close at 5,554.13. Wednesday marked the first time since October 2022 that the broad market index dropped 1% on […]
After a hotter-than-expected inflation reading on Wednesday, markets have quickly moved to price in a higher likelihood that the Federal Reserve will opt for a smaller, more conservative interest rate cut at its September meeting. A bigger reduction could send stocks reeling. As of Wednesday, investors were placing the probability of the Fed lowering rates […]
Bitcoin slid as investors reacted to the US presidential debate between Democratic nominee Kamala Harris and Republican rival Donald Trump, who has embraced the crypto sector. The digital asset fell as much as 3.4% before paring some of the drop to trade at around $55,850 as of 10:04 a.m. Wednesday in New York. In wider […]
Despite the increasingly partisan sentiment in the cryptocurrency industry, bitcoin will thrive over the long term regardless of who wins the U.S. presidential election in November. That’s a view many crypto investors are coming to accept, as the wave of optimism spurred by former President Donald Trump’s pro-crypto overtures this summer starts to recede. “Do I think […]
US stocks closed mixed in a rollercoaster session on Tuesday as investors geared up for a looming consumer inflation report seen as crucial to determining the size of the first US interest-rate cut in years. The benchmark S&P 500 (^GSPC) reversed earlier losses to finish the day about 0.5% higher. The tech-heavy Nasdaq Composite (^IXIC) […]
For the better part of 18 months, the stock market rally has been defined by the rise of artificial intelligence and its impact on a few large tech stocks. But an increasing number of Wall Street strategists don’t believe that thesis is what will drive the S&P 500’s (^GSPC) next leg higher. “Our sense is […]
Bitcoin continued its recovery on Sept. 10, reaching $58,000 to trade 8% above its four-week low of $53,955. Despite this recovery, Bitcoin investors “remain unconvinced” in the short term, according to an analysis from Glassnode. Investors are interacting less with centralized exchanges (CEXs) with “contracting volumes across the board,” according to a Sept. 10 report published by […]
United States inflation data may fuel optimism among Bitcoin traders ahead of an anticipated September rate cut by the Federal Reserve — if inflation lowers as widely expected, according to a crypto analyst. “Anyone holding short positions is likely to get burned and you could see a classic short squeeze trigger a rally,” Swyftx lead […]
