Asia-Pacific markets climbed Thursday, after U.S. markets soared on the back of an unexpected decline in core inflation numbers in December and strong bank earnings. Korea’s central bank surprised market watchers by keeping benchmark rates unchanged at 3%. Economists polled by Reuters had expected the Bank of Korea to cut its policy rate by 25 […]
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 […]
Chinese stocks fell on the first trading day of the New Year as weak economic data and the prospect of more US tariffs hurt sentiment. Benchmarks on the mainland and in Hong Kong retreated after figures showed China’s manufacturing activity slowed its pace of expansion in December. The MSCI Asia Pacific Index dropped the most […]
After two consecutive years of more than 20% gains for the S&P 500 (^GSPC) — an achievement not seen since the late 1990s — Wall Street strategists foresee a slower pace of gains for the benchmark index in 2025. With strong earnings expected from a widespread array of companies in 2025 and US economic growth […]
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 […]
BlackRock’s spot Bitcoin BTC$93,679 exchange-traded fund (ETF) clocked more than $37 billion in net inflows during 2024, outpacing its competitors, according to data from Farside Investors. BlackRock’s iShares Bitcoin Trust (IBIT) netted more than three times the inflows of runner-up Fidelity Wise Origin Bitcoin Fund (FBTC), which attracted nearly $12 billion in net inflows this year, Farside said in […]
A fresh proposal to constitutionally mandate the Swiss National Bank (SNB) to hold Bitcoin on its balance sheet has been set in motion by the Swiss federal chancellery on Dec. 31. The proposal will need to accumulate 100,000 signatures for it to be put to a public referendum, according to Tether’s vice president of Energy and Mining Giw Zanganeh, […]
Washington, D.C., faces a minefield of deadlines with serious political and economic implications as it enters 2025. But Wall Street doesn’t seem too worried. The stock market closed out 2024 with serious gains across sectors despite a slight December skid, and experts see plenty of green ahead despite high potential for political turmoil. The S&P […]
Banks are writing off credit card debt at the highest level since 2010, a potential red flag for the economy as consumers have juggled inflation and higher borrowing costs in recent years. Americans are having more trouble paying credit card bills, forcing lenders to take steeper losses as they give up on collecting those debts. […]
Bitcoin is ending 2024 on a downward skid — falling nearly 5% in December — despite yet another big weekly purchase from MicroStrategy. As investors turn the calendar into 2025, historical market data indicates January could be a big month for Bitcoin and the rest of crypto. According to data compiled by Coinglass, Bitcoin has […]
Crypto prices are experiencing a rocky Monday due to poor U.S. macroeconomic data and rampant profit-taking. Bitcoin (BTC) has dropped 1.8% in the past 24 hours to $91,800, a price not seen since Dec. 5, the day it broke through $100,000 for the first time. The largest cryptocurrency has fallen more than 14% from its […]
This year, America’s once-in-a-generation housing slump deepened — but 2025 may not see much improvement. That’s partly because Americans who locked in ultra-low mortgage rates during the pandemic have little incentive to move into new homes and take on higher borrowing costs. “We’re coming into 2025 with a strong sense of déjà vu,” said Skylar Olsen, Zillow’s […]
