Stock futures were higher early Wednesday morning as investors continued to assess a surge in commodity prices and high inflation while the war in Ukraine continues. Futures tied to the Dow Jones Industrial Average rose 353 points, or about 1.1%. S&P 500 futures climbed and Nasdaq 100 futures also each gained 1.1%. The major averages […]
Bitcoin (BTC) rallied early on Wednesday, pushing the broader crypto market higher after U.S. Treasury Secretary Janet Yellen’s inadvertently published remarks revealed that President Joe Biden’s impending crypto order would take a constructive approach in regulating the digital asset industry. “A presidential executive order on cryptocurrencies would ‘support responsible innovation’ as it coordinates U.S. policy […]
As commodities prices spike and stocks swoon as a result of Russia waging war against Ukraine, the monetary system could be changed in profound ways, some analysts say. At some point in the future, digital tokens may revert to the inflation hedge and safe-haven from fiat turmoil, as envisioned when they were first created. Traditional […]
Stocks fell again on Monday, following four straight weeks of declines, as investors grew increasingly concerned higher energy prices stemming from the Russia-Ukraine conflict would slow the economy and raise inflation. The Dow Jones Industrial Average lost 797.42 points to close at 32,817.38, dragged down by a nearly 8% loss in American Express. The S&P […]
One of the next big questions looming over the economic war against Russia is what will happen to its sovereign bonds. The Russian government has borrowed about $49 billion in the form of dollar- and euro-denominated bonds, and owes a series of interest payments to bondholders in the coming months. Why it matters: If Russia defaults on its […]
Oil traders believe the ongoing Russian-Ukraine war and its international fallout could drive up prices this month, with some optimistic traders eyeing a price over $200 per barrel. On Monday, prices to buy call options increased, including at least 200 traded contracts to buy May contracts for Brent futures at $200 a barrel by the […]
U.S. banks, oil companies and internet service providers are cutting off Russia’s access to their services following its invasion of Ukraine, and the list of other companies doing the same grows daily. But one rapidly growing industry so far has declined to pull back in Russia: cryptocurrency traders. Unlike other financial institutions, crypto exchanges have […]
U.S. equity futures fell Sunday evening as U.S. oil price momentarily jumped to their highest level since 2008 amid the ongoing war between Russia and Ukraine. Dow futures lost 611 points, or 1.82%, while S&P 500 futures and Nasdaq 100 futures slid 1.87% and 1.82%, respectively. West Texas Intermediate crude futures, the U.S. oil benchmark, […]
Economist Stephen Roach warned effects from any default on Russia’s sovereign debt as a result of the Ukraine crisis would spill over to emerging markets, including China. “If Russia does default on its debt … there will be broad spillover effects to sovereign debt in emerging markets around the world and China will not be […]
Bitcoin (BTC) headed lower into the weekly close on March 6 with geopolitical tensions and associated macro weakness firmly in focus. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Could 2022 bring a “Greater Depression?” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting its lowest levels in over a week Sunday after volatility returned overnight. The pair was […]
A pair of its earliest developers aren’t just leaving the project, but leaving the crypto business altogether. What happened Cryptocurrency Fantom ( FTM 1.05% ) is down 16% as of 1:25 p.m. ET Sunday following a tweet from Anton Nell that he and Andre Cronje are leaving the decentralized finance (crypto) industry. Cronje is a […]
March 4 saw another day of seesaw price action for Bitcoin (BTC) and the wider cryptocurrency market as the global economic fallout from the ongoing conflict in Ukraine weighs heavily on a majority of the world’s financial markets. Data from Cointelegraph Markets Pro and TradingView shows that after holding $41,000 in the early trading hours on March 4, a […]
