US stock futures were lower but digging themselves out of a deeper sell-off on Friday, after Israel’s retaliatory strike on Iran spooked the market overnight and spurred a rush to safe havens such as gold. Dow Jones Industrial Average (^DJI) futures were down roughly 0.2%, coming back from a 1.4% drop. S&P 500 (^GSPC) futures […]
Taiwan’s Weighted Index led losses in Asia on Friday, falling 3.81% and closing at 19,527.12, its lowest level in over a month as most major markets in the region fell amid escalating tensions in the Middle East. Asian equities declined as a person familiar with the matter told NBC News that Israel carried out a limited […]
Bitcoin rose above $64,000 on Friday, rebounding from a drop below the $60,000 mark, as the cryptocurrency continues to experience volatility ahead of the upcoming halving event. The price of bitcoin was $64,739.04 at around 6:15 a.m. ET, according to CoinDesk data, up more than 5% from 24 hours prior. Other cryptocurrencies also jumped. Ether […]
Bitcoin saw flash volatility on April 19 as geopolitical turmoil in the Middle East spilled into financial markets. BTC/USD 1-hour chart. Source: TradingView BTC price whipsaws into halving Data from Cointelegraph Markets Pro and TradingView showed new seven-week BTC price lows of $59,630 hitting after the April 18 daily close. These accompanied renewed tensions between Iran and Israel — a particularly […]
The price of Bitcoin has corrected 13.65% almost a month after setting a new record high of around $73,800. As of April 17, BTC/USD is trading for as low as $$62,622, while its month-to-date low is around $62,160. BTC/USD daily price chart. Source: TradingView Bitcoin’s price correction has accelerated recently due to an escalating geopolitical conflict in […]
Bitcoin continues to fall on Wednesday, April 17, by declining over 3.84 per cent to $61,309. The world’s largest cryptocurrency has fallen over 8.81 per cent in past five days and over 10.31 per cent in the last one month. The Commerce Department’s Census Bureau reported a 0.7% increase in retail sales last month. Additionally, […]
US stocks fell on Wednesday, struggling to mount a comeback as investors’ interest rate worries coincided with a fresh slate of corporate earnings. After all three major indexes started the day in the green, the S&P 500 (^GSPC) ended down about 0.6%. The Dow Jones Industrial Average (^DJI) lost a more modest 0.1%. Meanwhile, the […]
Crude oil futures fell more than 3% Wednesday as the market dismissed the risk of a wider war between Israel and Iran that could disrupt supplies. The West Texas Intermediate contract for May delivery lost $2.67, or 3.13%, to settle at $82.69 a barrel. June Brent futures were down $2.73, or 3.03%, at settle at $87.29 a barrel. […]
The U.S. economy could be headed for stormy waters in 2025 if the Federal Reserve does not take action soon on interest rates, State Street’s head of investment strategy in EMEA said Tuesday. Altaf Kassam told CNBC that classic monetary policy mechanisms had “broken,” meaning that any changes made by the Fed will now take […]
There are plenty of reasons to be bullish on gold, but the evergreen bear case on the precious metal is that it’s never really consumed. Every ounce of gold that’s been mined since the beginning of time is still here. To wit is a Bloomberg story over the weekend reporting on a flood of customers rushing into […]
April 17 (Reuters) – Oil prices extended losses on Wednesday as worries about global demand due to weak economic momentum in China and a likely rise in U.S. commercial stockpiles outweighed supply fears from heightened tensions in the Middle East. Brent futures for June fell 40 cents, or 0.44%, to $89.62 a barrel by 0632 […]
The initial euphoria for the spot bitcoin ETFs has seemingly dampened and reality is slowly kicking in with inflows recently unable to keep up with the still speedy pace of exits from Grayscale’s Bitcoin Trust (GBTC). The result is that in the week ended April 12, the spot ETFs as a whole saw a net […]
