The markets surprised to the upside this year, with the Nasdaq (IXIC) up 24% since the start of 2023, and the S&P 500 (GSPC) 15% higher during the same period. The Dow Industrial Average (DJI) is up 8% year to date. While some analysts are still calling for a recession next year, Citi Global Wealth […]
Here are the most important news items that investors need to start their trading day: 1. Snoozing and losing Make that three straight losing days for the Dow and the S&P 500. Granted, the declines Wednesday were tiny, but stocks are stuck in a little rut after the big November rally. The Nasdaq also slid […]
Predicting the price of bitcoin (BTC) has historically been as accurate as looking into a crystal ball, with all sorts of past price predictions that have been way off the mark – some hilariously so. But Matrixport seems to have nailed it this year – or at least gets points for being the closest contender – as the […]
Bitcoin (BTC) and ether (ETH) options trading on Deribit are hotter than ever. As of Friday, the cumulative dollar value locked in the number of open or outstanding BTC and ETH options contracts, also known as notional open interest, was $23.6B, the highest ever, Deribit’s Chief Commercial Officer Luuk Strijers told CoinDesk. Bitcoin options accounted for 67% of the […]
Bitcoin traded close to $44,000 after notching its longest winning streak since May, a rally driven in part by expectations of looser monetary policy. The largest digital asset climbed for six days through Tuesday, advancing roughly 16% to as high as $44,491 before giving up some gains. Its 2023 rebound from last year’s crypto rout […]
Key points Bitcoin is entering 2024 with bullish momentum. Experts anticipate the SEC will approve the first spot bitcoin ETF in the near future. The original crypto is on track for its next halving in April 2024. Bitcoin prices have drifted to their highest levels in over a year as 2023 comes to a close, […]
Germany’s benchmark stock index opened at an all-time high Wednesday as investors’ growing confidence that interest rates will soon be cut outweighs worries that the country may be suffering a recession. The previous day, the DAX closed at a record high of 16,533 points — only for that peak to be beaten Wednesday when trading […]
“What’s the size of the AI market?” It’s a totally normal question for anyone to ask me. After all, I’m an analyst, and my company, Intersect360 Research, specializes in scalable, high-performance datacenter segments, such as AI, HPC, and Hyperscale. And yet, a simple answer eludes me, and I wind up answering a question with a question. […]
The S&P 500 is likely to tumble 23% to 3,500 points by mid-2024, JPMorgan’s charts guru says. Jason Hunter, the bank’s head of technical strategy, views a US recession as very likely. Hunter sees cash and Treasury bonds are safer bets than stocks today. Prepare for the S&P 500 to crash 23% by next summer […]
The Dow Jones Industrial Average notched five consecutive weekly increases during November, something the blue chip index last did in 2021. The Dow Jones Industrial Average (^DJI -0.22%) measures the performance of 30 large U.S. companies. Inclusion generally requires an excellent reputation, sustained growth, and widespread interest among investors. To that end, the index is […]
Bitcoin soared past $43,000 Tuesday afternoon, extending a rally some crypto analysts say is just the beginning. Bitcoin is up more than 160% year to date. It hit highs on Tuesday not seen since April 2022, rallying close to 4% in 24 hours. Ether (ETH) similarly posted gains of close to 3%, moving the price […]
Bitcoin futures open interest has reached $5.2 billion on the global derivatives giant Chicago Mercantile Exchange (CME), $200 million shy of its late October 2021 all-time high. Open interest in CME’s Bitcoin futures has grown from $3.63 billion to $5.20 billion over the last 30 days, according to Coinglass data. The open interest surge has […]
