Asia-Pacific markets rose Tuesday, tracking gains on Wall Street after the S&P 500 and the Nasdaq Composite rose to new records overnight. Japan’s Nikkei 225 traded 2.22% higher, and the Topix added 1.71%. South Korea’s Kospi was up 1.71% while the Kosdaq advanced 2.03%. South Korea’s inflation rate climbed in November to 1.5% year on year, higher than October’s […]
Stocks will enter the final month of 2024 near record highs as investors look to cap off what’s been another stellar year for US stocks. During last week’s holiday-shortened trading, the Dow Jones Industrial Average (^DJI) rose more than 2%. Meanwhile, the Nasdaq Composite (^IXIC) and the S&P 500 (^GSPC) rose more than 1%. Both […]
The Nasdaq and S&P 500 closed on Monday at record levels of 19,403 and 6,047, respectively. On average, they increased nearly 1%. Technology, communication services, and consumer discretionary stocks lead the market overall. On the other hand, the Dow Jones Industrial decreased slightly by 0.29%, while the NASDAQ also recorded mixed feelings because of the […]
Bitcoin BTC$95,280 has struggled to rally above $98,000 from Nov. 25 to Dec. 2, frustrating investors despite achieving a 38% monthly gain. Market participants worry that prolonged consolidation below the $100,000 psychological barrier could embolden bearish strategies to suppress BTC’s price. Bitcoin 2-month futures annualized premium. Source: Laevitas.ch Derivatives markets suggest resilience, with traders paying a 17% […]
EverValue introduces Bitcoin backing in DeFi with EVA to create new standards of valuation and establish predictable growth in an unpredictable space. Decentralized finance (DeFi) cracks the door open for opportunities otherwise inaccessible in traditional finance (TradFi). However, for investors looking to put their Bitcoin into use, DeFi landscape presents challenges. Most DeFi projects require […]
Asia-Pacific markets traded slightly higher on Monday as the region kick-started a data-heavy week, with investors focused on economic readings from several countries, including Japan, South Korea and China. Over the weekend, China released its official purchasing managers’ index reading for November. Manufacturing PMI came in at 50.3 — its highest level since April — beating the […]
The benchmark index hasn’t had a winning streak like this since 1998. The S&P 500 (^GSPC 0.56%) is the most universally recognized benchmark of stock market activity in the U.S., made up of the 500 largest companies in the country. Because of its broad base of constituent businesses, it is considered by most investors to be the most reliable gauge of […]
Bitcoin BTC$97,735 recorded a 129% year-to-date gain, primarily driven by the outcome of the 2024 United States Presidential election and the April 2024 halving event. According to data from ICO Analytics, Bitcoin also experienced a 37% gain in November 2024. The ICO Analytics data measured monthly Bitcoin performance between 2011-2024 and revealed only three other years where Bitcoin […]
Bitcoin exchange-traded funds have been such a smashing success in the US that they now hold more than 1 million of the tokens, or about 5% of what currently exists. That’s in the same ballpark as the amounts that have long been frozen in the wallet of the market’s original whale: The cryptocurrency’s anonymous and […]
The United States and other developed markets have been making investors think twice about emerging markets (EM), but bulls look primed to run. On the other hand, bears are skeptical, especially given the current strength in U.S. stocks. A strengthening U.S. dollar amid rate hikes the past couple of years has certainly contributed to the […]
The Dow Jones Industrial Average and S&P 500 rose to new heights on Friday amid a shortened trading day that capped a strong month for equities. The S&P 500 added 0.56% to 6,032.38, while the Nasdaq Composite jumped 0.83% to 19,218.17.The Dow climbed 188.59 points, or 0.42%, to end at 44,910.65. Both the Dow and S&P 500 notched new intraday and […]
Ripple Invests in XRP’s Future With Bold Bet on Bitwise ETP Ripple announced its investment in the rebranded Bitwise Physical XRP exchange-traded product (ETP) on Wednesday, signaling its commitment to expanding access to XRP in institutional markets. The move highlights XRP’s growing importance in the cryptocurrency sector, with a market value exceeding $80 billion. Ripple’s CEO, Brad Garlinghouse, emphasized: Global demand […]
