Oil prices rose on Friday, on track to end higher this week after two straight weeks of losses, after a top U.S. official expressed optimism over economic growth and as supply concerns lingered due to conflicts in the Middle East. Brent crude futures gained 47 cents, or 0.5%, to $89.48 a barrel at 0640 GMT, […]
Apple lost its crown as China’s biggest smartphone seller in the first quarter of 2024 as its smartphone shipments fell 6.6% from a year ago amid intense competition, preliminary data from research firm IDC showed on Thursday. Honor and Huawei were tied for the top spot, with Honor’s market share rising to 17.1% and Huawei’s […]
Bitcoin traded lower on April 25 after a fresh knee-jerk reaction to geopolitical news cost bulls up to 5%. BTC/USD 1-hour chart. Source: TradingView BTC price stays sensitive to Middle East Data from Cointelegraph Markets Pro and TradingView showed BTC price action attempting to form support at $64,000 prior to the Wall Street open. This followed a dip to […]
An “epic sat” — an exceptionally rare satoshi mined from the fourth Bitcoin halving block — has sold for 33.3 Bitcoin (BTC), worth about $2.13 million. The sale of the satoshi — the smallest unit of Bitcoin — took place on cryptocurrency exchange CoinEx Global on April 25 — roughly five days after one of its partners, […]
The major stock indexes were little changed Wednesday as Tesla (TSLA) surged in the aftermath of its earnings report and investors awaited more quarterly updates. The Nasdaq Composite (^IXIC) finished positive, adding about 0.1%. The S&P 500 (^GSPC) finished narrowly above the flatline while the Dow Jones Industrial Average (^DJI) closed down about 0.1%. Bond […]
In the fast-paced world of cryptocurrency, three coins demonstrate distinct market behaviors with significant implications for investors and market watchers alike. Bitcoin (BTC) shows resilience and bullish trends after its fourth halving, as detailed in a recent Bitfinex report. Ethereum (ETH), however, faces uncertainties despite crossing significant price thresholds due to a concerning decline in […]
The CEO of blockchain startup Ripple sees the combined market capitalization of the cryptocurrency market topping $5 trillion this year. Ripple’s Brad Garlinghouse told CNBC he expects the entire value of the crypto market to double, citing macro factors including the arrival of the first U.S. spot bitcoin exchange-traded funds, as well as the upcoming […]
The first wave of spot Bitcoin and Ether exchange-traded funds (ETFs) have been officially approved to start trading in Hong Kong on April 30. Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), announced the official approval of the first batch of spot Bitcoin and Ether ETFs on April 24, according to a press […]
The rally in European stocks faltered on Wednesday as disappointing earnings in the banking and luxury sectors offset further gains for technology stocks. The Stoxx Europe 600 was little changed after its biggest two-day advance since November. The tech sector climbed more than 2%, with ASM International NV surging after orders beat expectations. Banks weighed […]
The potential return of more than $9 billion worth of Mt. Gox-era Bitcoin over the next few weeks might “spook the market” and put negative price pressure on Bitcoin, according to K33 Research analysts. Earlier this week on Reddit, some creditors of the failed Mt. Gox crypto exchange reported seeing updates on their claims, with many […]
Stocks ripped higher for a second session on Tuesday as a strong batch of corporate earnings assuaged concerns over higher rates. The Dow Jones Industrial Average climbed 263.71 points, or 0.69%, to close at 38,503.69. The S&P 500 gained 1.2% to finish the session at 5,070.55, while the Nasdaq Composite ticked up 1.59% to end at 15,696.64. Spotify surged 11.4% after surpassing […]
Bitcoin kept up pressure on key resistance into April 24 as research showed whales “buying the dip.” BTC/USD 1-hour chart. Source: TradingView Bitcoin whales seize the day BTC price action circled $67,000 after a boost at the latest daily close, data from Cointelegraph Markets Pro and TradingView confirmed. Still within a narrow range, bulls continued to grind away at nearby […]
