Days of high volatility and volume are expected for both Bitcoin (BTC) and other cryptocurrencies. Bitcoin has once again surpassed $72,000, a price not seen since mid-March. This suggests a potential mini rally leading up to the halving event on April 20, just two weeks away. The approval of Bitcoin ETFs in the United States […]
5 key events on Wall Street today
All attention is focused on the release of the expected U.S. monthly employment report, looking for clues as to when the Federal Reserve (Fed) will begin cutting interest rates. Apple (AAPL) has reported its first job cuts since pandemic times, while Treasury Secretary Janet Yellen is visiting China. Here are the five most important things to […]
Wall Street is upbeat: hopes for rate cuts boost stocks
U.S. stocks opened higher on Thursday after disappointing weekly jobless claims data raised the possibility of early interest rate cuts by the Federal Reserve (Fed). Fed Chairman Jerome Powell has given few clues related to rate cuts as the non-farm payrolls report approaches. The number of Americans filing for unemployment benefits increased more than the […]
Ethereum triples first quarter earnings
Ethereum posts $1.2 billion in transaction fee earnings during Q1 2024, a 155% increase compared to the same quarter last year. Ethereum (ETH), the largest blockchain network by transaction volume showed significant growth during Q1 2024, showing positive signs in most of its income statement metrics. According to information from Coin98 Analytics, Ethereum tripled its […]
Dollar loses value in trading
In Wednesday’s currency market, the dollar is trading lower in Europe, though it remains close to its highest levels in over four months, as traders await updates on U.S. interest rates and future economic forecasts This week’s market focus will culminate in the final days with the release of US employment data.. Despite weakening, the dollar may […]
Xiaomi stocks rise after launching its first electric car
Xiaomi launched its first electric vehicle, the SU7, which led to a 15% increase in its shares. The vehicle is priced $4,000 less than the Tesla Model 3 and offers a longer range. Demand for the SU7 was immediate and overwhelming, with more than 50,000 orders placed within almost half an hour of launch, resulting in […]
The dollar rallied to a five-month high
The dollar (USD) reached its highest level in five months on Tuesday, as stronger-than-expected economic data caused investors to halt their bets on a rate cut in June, boosting the currency’s value. However, fears of intervention by Japanese authorities halted the dollar’s gains against the yen, even as long-term yields on U.S. Treasuries, which the […]
Tether increases its holdings of Bitcoin
In the dynamic world of cryptocurrencies, Tether has taken an important step to consolidate its position in the market, increasing its holdings of Bitcoin (BTC) to more than $5 billion. This key move, the result of acquisitions and mergers, highlights Tether’s growing influence in the digital asset sector. With a market capitalization of over $70 billion, Tether […]
Tesla worries Wall Street
Tesla In, (TSLA) may be headed for a grim milestone as both demand for electric vehicles and high interest rates affect the company’s sales. According to Wall Street analysts, estimates for this week’s delivery report were quickly revised as the end of the quarter approached. Some on Wall Street are even bracing for Tesla’s first sales decline […]
Nasdaq leads Wall Street
The market begins a week that will be marked by employment. On Monday, the Nasdaq led Wall Street gains following mixed numbers from Thursday. It ended March and, consequently, the first quarter of the year on a high note. This performance enabled the S&P 500 to record its best start to a year since 2019. […]