Asia-Pacific markets traded slightly higher on Monday as the region kick-started a data-heavy week, with investors focused on economic readings from several countries, including Japan, South Korea and China. Over the weekend, China released its official purchasing managers’ index reading for November. Manufacturing PMI came in at 50.3 — its highest level since April — beating the […]
The benchmark index hasn’t had a winning streak like this since 1998. The S&P 500 (^GSPC 0.56%) is the most universally recognized benchmark of stock market activity in the U.S., made up of the 500 largest companies in the country. Because of its broad base of constituent businesses, it is considered by most investors to be the most reliable gauge of […]
Bitcoin BTC$97,735 recorded a 129% year-to-date gain, primarily driven by the outcome of the 2024 United States Presidential election and the April 2024 halving event. According to data from ICO Analytics, Bitcoin also experienced a 37% gain in November 2024. The ICO Analytics data measured monthly Bitcoin performance between 2011-2024 and revealed only three other years where Bitcoin […]
Bitcoin exchange-traded funds have been such a smashing success in the US that they now hold more than 1 million of the tokens, or about 5% of what currently exists. That’s in the same ballpark as the amounts that have long been frozen in the wallet of the market’s original whale: The cryptocurrency’s anonymous and […]
The United States and other developed markets have been making investors think twice about emerging markets (EM), but bulls look primed to run. On the other hand, bears are skeptical, especially given the current strength in U.S. stocks. A strengthening U.S. dollar amid rate hikes the past couple of years has certainly contributed to the […]
The Dow Jones Industrial Average and S&P 500 rose to new heights on Friday amid a shortened trading day that capped a strong month for equities. The S&P 500 added 0.56% to 6,032.38, while the Nasdaq Composite jumped 0.83% to 19,218.17.The Dow climbed 188.59 points, or 0.42%, to end at 44,910.65. Both the Dow and S&P 500 notched new intraday and […]
Ripple Invests in XRP’s Future With Bold Bet on Bitwise ETP Ripple announced its investment in the rebranded Bitwise Physical XRP exchange-traded product (ETP) on Wednesday, signaling its commitment to expanding access to XRP in institutional markets. The move highlights XRP’s growing importance in the cryptocurrency sector, with a market value exceeding $80 billion. Ripple’s CEO, Brad Garlinghouse, emphasized: Global demand […]
The price of bitcoin is tracking for one of its best months of the year after former President Donald Trump’s election victory catapulted the flagship cryptocurrency to new records consistently throughout the month. Bitcoin is on pace to post a 38% gain for November, according to Coin Metrics, which would make the month its best […]
A broad stock rally pushed the Dow Jones Industrial Average, S&P 500 and small-cap focused Russell 2000 index to new records on Monday. Investors bet President-elect Donald Trump’s choice for Treasury secretary, Scott Bessent, would help guide the economy without sparking inflation. The blue-chip Dow rose 440.06 points, or 0.99%, to 44,736.57. The broad S&P 500 gained 0.3% to end […]
Asia-Pacific markets mostly lost ground on Friday, led by losses in South Korean stocks after its industrial production declined for a second straight month in October. The country’s industrial production growth fell 0.3% last month compared to September when growth had also fallen by 0.3% month on month. Industrial production saw a 2.3% increase year on year […]
Bitcoin rebounded 6.25% from its local low of $90,742 to above $96,000 on Nov. 29 as onchain data suggested whales “took advantage” of discounted prices this week. BTC/USD daily chart. Source: Cointelegraph/TradingView Bitcoin whales snap up $1.5B more on BTC price dip Data from Cointelegraph Markets Pro and TradingView showed a Bitcoin BTC$96,432 price recovery taking shape after the recent correction […]
Cardano founder Charles Hoskinson said decentralized finance in the Bitcoin ecosystem will eclipse all other crypto DeFi within two to three years. He touted the potential for Bitcoin DeFi while making a bold price prediction and highlighting a new model for bridging Bitcoin BTC$96,447 without using centralized exchanges. “I started in the Bitcoin space and I loved […]
