Bitcoin has declined by 15% a week after establishing its record high of around $108,365, according to data from Bitstamp. The cryptocurrency may fall further in the coming weeks due to a sharply recovering Tether market dominance. USDT.D versus BTC/USD weekly performance chart. Source: TradingView Tether dominance signals “huge dump” in Bitcoin markets According to […]
A fear that is increasingly common among the working-age population is reaching retirement with the expectation of receiving the financial support that one deserves after so many years of work… and discovering that there are no funds left or they are not enough for what you, and those of your generation, deserve after so many […]
US stocks struggled to meaningfully extend a “Santa Claus” rally the day after Christmas while Wall Street digested one of the only significant economic data points of the week. The S&P 500 (^GSPC) fell below the flatline while the tech-heavy Nasdaq (^IXIC) fell slightly. The Dow Jones Industrial Average (^DJI) closed the session up 28 […]
Warren Buffett’s company Berkshire Hathaway (BRK.A 0.02%) (BRK.B 0.09%) has been stockpiling cash all year. At the end of the third quarter of 2024, Berkshire had over $320 billion of cash and short-term Treasury bills. Many see this as a deafening warning to investors that the market, which has set 57 all-time highs and topped 6,000 for several periods this year, is due […]
As Donald Trump prepares to fulfill a lengthy list of campaign promises, the president-elect’s vow to ensure that all remaining Bitcoin is “made in the USA” may prove to be one of the most challenging to keep. Trump made the pledge in a post on his Truth Social account in June after meeting at Mar-a-Lago […]
With much of the globe celebrating Christmas, bitcoin (BTC) quietly appeared set to retake the $100,000 level after having fallen to below $93,000 just ahead of the holiday. The rally, however, stalled at just above $99,800 as Asia opened for business on Thursday morning and declined rapidly to roughly $95,000 only a few hours later. […]
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Shares of MicroStrategy Inc. (NASDAQ:MSTR) fell more than 8.5% Monday, marking a rough debut to its nascent tenure among the Nasdaq 100. The software company and top corporate Bitcoin (CRYPTO: BTC) holder has struggled lately, logging its fifth […]
Bitcoin’s (BTC) historical price trends suggest a recurring pattern of strong upward momentum following Christmas, particularly during halving cycles. They highlight how Bitcoin typically enters a profit zone after each halving event, with price increases accelerating in the months following the December holiday season. Bitcoin Price Performances Post Christmas in Halving Years After the 2012 halving, […]
Russia has been actively experimenting with digital financial assets (DFAs) in foreign trade in line with the country’s legislation, according to a senior government official. Russian Finance Minister Anton Siluanov discussed US dollar alternatives for international trade in an interview on the state-owned news channel Russia-24 on Dec. 25. Siluanov said the Russian government has passed legislation […]
Stocks jumped Tuesday on Christmas Eve as the market pulled off back-to-back gains in the holiday week. The S&P 500 added 1.1% to 6,040.04, and the Dow Jones Industrial Average gained 390.08 points, or 0.91%, to 43,297.03. The Nasdaq Composite climbed 1.35% to 20,031.13, helped by a 7.4% jump in Tesla shares. Amazon and Meta Platforms gained more than 1% each. The New York Stock Exchange closed […]
US equity futures rose, tracking the rebound in Asian stocks from last week’s selloff, as subdued inflation data rekindled expectations of Federal Reserve rate cuts. The dollar steadied after a retreat. A gauge of Asian equities snapped a six-day decline, with benchmarks in South Korea and Taiwan rising more than 1%. US equity contract added […]
On Dec. 18, the U.S. Federal Reserve concluded its final policy meeting for 2024. There was a broad consensus among experts that the central bank would cut the federal funds rate (overnight interest rates) by 25 basis points, and that’s exactly what happened. The Fed has now cut interest rates three times since September due […]
