The price of bitcoin is tracking for one of its best months of the year after former President Donald Trump’s election victory catapulted the flagship cryptocurrency to new records consistently throughout the month. Bitcoin is on pace to post a 38% gain for November, according to Coin Metrics, which would make the month its best […]
A broad stock rally pushed the Dow Jones Industrial Average, S&P 500 and small-cap focused Russell 2000 index to new records on Monday. Investors bet President-elect Donald Trump’s choice for Treasury secretary, Scott Bessent, would help guide the economy without sparking inflation. The blue-chip Dow rose 440.06 points, or 0.99%, to 44,736.57. The broad S&P 500 gained 0.3% to end […]
Asia-Pacific markets mostly lost ground on Friday, led by losses in South Korean stocks after its industrial production declined for a second straight month in October. The country’s industrial production growth fell 0.3% last month compared to September when growth had also fallen by 0.3% month on month. Industrial production saw a 2.3% increase year on year […]
Bitcoin rebounded 6.25% from its local low of $90,742 to above $96,000 on Nov. 29 as onchain data suggested whales “took advantage” of discounted prices this week. BTC/USD daily chart. Source: Cointelegraph/TradingView Bitcoin whales snap up $1.5B more on BTC price dip Data from Cointelegraph Markets Pro and TradingView showed a Bitcoin BTC$96,432 price recovery taking shape after the recent correction […]
Cardano founder Charles Hoskinson said decentralized finance in the Bitcoin ecosystem will eclipse all other crypto DeFi within two to three years. He touted the potential for Bitcoin DeFi while making a bold price prediction and highlighting a new model for bridging Bitcoin BTC$96,447 without using centralized exchanges. “I started in the Bitcoin space and I loved […]
US stocks dipped Wednesday as investors digested fresh data that showed inflation made little progress toward the Fed’s 2% target in October. After clinching record highs on Tuesday, the S&P 500 (^GSPC) fell about 0.4%, while the Dow Jones Industrial Average (^DJI) was off about 0.3%. The tech-heavy Nasdaq Composite (^IXIC) was down roughly 0.6%. […]
Cardano ADA/USD founder Charles Hoskinson, a co-founder of Ethereum ETH/USD, predicted Bitcoin BTC/USD could surge to between $250,000 and $500,000 within the next 12 to 24 months, citing growing institutional investment and emerging decentralized finance opportunities. What Happened: In a recent livestream from Colorado, Hoskinson emphasized Bitcoin’s transformative potential, describing it as more than just […]
Bitcoin (BTC-USD) is back. And just in time for the holidays. President-elect Donald Trump’s win has kicked off a new era of crypto enthusiasm, as he has pledged to “ensure that the United States will be the crypto capital of the planet.” To the delight of crypto execs and investors, the next president has also […]
NEW YORK/LONDON, Nov 25 (Reuters) – MSCI’s global equities gauge rose and U.S. government bonds rallied while the dollar fell on Monday as investors welcomed the incoming U.S. president’s selection of fund manager Scott Bessent as the next U.S. Treasury secretary. Wall Street indexes closed higher with the S&P 500 and the Dow touching intraday records […]
NEW YORK, Nov 26 (Reuters) – Investors in the world’s largest cryptocurrency are anticipating a significant downward move after bitcoin failed to hit an all-time peak of $100,000, according to a crypto trading platform citing recent options activity. Bitcoin hit a record high of $99,830 on Nov. 22, but it has since fallen more than […]
The price of bitcoin retreated further from the psychological $100,000 milestone, as investors booked profits from the cryptocurrency’s gains following the presidential election. The largest cryptocurrency by market capitalization was recently lower by more than 4%, at $90,999.30, according to Coin Metrics. Earlier, it fell as low as $90,702.27. The CoinDesk 20, an index measuring broader cryptocurrency performance, fell […]
On the lookout for emerging markets investing opportunities? Most emerging markets indexes, of course, contain significant exposure to the biggest “emerging” market, China. While that has historically presented some solid opportunities for U.S. investors, potentially rising tensions threatens further investment. At the same time, while a significant economy with real opportunities, the Chinese economy still […]
