If this continues, Bitcoin ETFs may break their inflow record this week. Meanwhile, spot Ethereum ETFs are poised to enter the U.S. market. U.S. spot Bitcoin ETFs are posting their longest streak of inflows since inception, recording their 16th consecutive session of positive inflows on Tuesday. The 11 spot Bitcoin-based ETFs in the U.S. market […]
U.S. Stocks Gain on Slower ADP Payroll Growth, Fueling Rate Cut Speculation
U.S. stocks posted gains on Wednesday as weak labor market data fueled hopes that the Federal Reserve will cut interest rates to support growth this year. Private payrolls disappointed in May Private payrolls grew at a slower-than-expected pace in May, with firms adding 152,000 workers, down from a downwardly revised 188,000 last month, according to […]
Dollar rebounds from two-month lows; ECB cuts rates this week
The U.S. dollar rose in the early hours of Wednesday’s European session, bouncing from two-month lows in anticipation of further signals about future economic policy. Dollar strength likely to continue The dollar has risen by more than 3% this year, largely because the economy has been strong and inflation has kept interest rates on hold […]
Thailand authorizes for the first time a Bitcoin spot ETF
Bitcoin ETFs continue to gain ground and now it is Thailand’s turn. Thailand’s Securities and Exchange Commission (SEC) has authorized a first Bitcoin-based ETF, opening the door to a new regulated cryptocurrency investment vehicle. One Asset Management (ONEAM) will become the first company in the country to launch such a fund after gaining regulatory approval, […]
U.S. stock markets retreat in light of key employment data; GameStop appears shaky
U.S. stock indices fell on Tuesday as investors awaited key U.S. labor market data and potential interest rate cuts in Europe and Canada this week. Indices experienced volatility at the week’s start, as weak economic data depressed the Dow Jones Industrial Average, which lost about 115 points, or 0.3%, while falling bond yields helped the […]
Dollar steady ahead of jobs data; euro slides
In the early hours of Tuesday’s European session, the U.S. dollar was advancing, showing signs of recovery after sharp losses overnight, while the euro was losing ground after weak German jobs data. JOLT data in focus The dollar stabilized on Tuesday, recovering from sharp losses at the start of the week, driven by data showing […]
Bitcoin price today: around $68,000 despite expectations of interest rate cuts
The Bitcoin price rose just barely this Monday, though it remained range-bound despite optimism about possible interest rate cuts by major central banks this week along with weakness in the U.S. dollar. Bukele’s re-election draws little price attention amid little reference for Bitcoin. Bitcoin showed little price action even as El Salvador’s president, Nayib Bukele, […]
U.S. stock markets mixed ahead of jobs report release
U.S. stocks traded mixed ahead of a new month of trading after Wall Street’s major indexes posted strong gains in May. Bets on a rate cut in September increase after PCE data Wall Street indexes rose on Friday after data on the personal consumption expenditures price index, which is the Fed’s preferred indicator, met expectations […]
Ethereum readies its next major modernization called Pectra
It has been barely two months since Ethereum implemented its most recent network update. Currently, the heads of the world’s largest smart contracts blockchain are discussing a timeline for the next update. Ethereum’s top developers have set a goal of unveiling the next update, called Petra, by the first quarter of 2025, The Block reported […]
U.S. stock markets retreat from highs; Fed and Salesforce in focus
US stock indices fell on Wednesday and fluctuated after the Nasdaq index hit new highs, with attention focused on upcoming inflation data and more signals about interest rates. The Nasdaq Composite ended Tuesday up 0.6% at a new all-time high, supported by strong gains in Nvidia (NVDA), Wall Street’s third-biggest stock by market capitalization. The S&P 500 […]