U.S. spot Bitcoin ETFs faced their most significant outflows on Tuesday as Bitcoin dropped below $88,000, triggering the largest single-day capital flight in the history of these investment vehicles. Fidelity’s FBTC was the hardest hit, followed closely by BlackRock’s ETF. Spot Bitcoin exchange-traded funds (ETFs) in the U.S. endured a sharp sell-off on Tuesday as […]
US Stock Futures Hit Highs Ahead of Highly Anticipated Nvidia Report
U.S. stock futures edged higher on Wednesday as investors prepared for quarterly earnings from AI powerhouse Nvidia (NASDAQ: NVDA). As of 06:37 ET (11:37 GMT), Dow futures were up 134 points (0.3%), S&P 500 futures gained 31 points (0.5%), and Nasdaq 100 futures climbed 166 points (0.8%). In the previous trading session, the benchmark S&P […]
Today’s Stocks to Watch: Nvidia, Super Micro, and Lucid
Key Points To Watch Out For: Nvidia (NVDA): Expectation of Solid Results Boosts Share Price Nvidia’s shares rose more than 2% in premarket trading ahead of its earnings report on Wednesday, which is expected to reveal a 59% increase in revenue and a 72% surge in sales compared to a year earlier. The stock is […]
Daily Technical Analysis EUR/USD: Is an Upward Breakout Imminent?
The EUR/USD pair rose by 0.5% on Tuesday, surpassing the 1.0500 mark as it faced a key technical hurdle for the eighth consecutive session. Meanwhile, US consumer sentiment fell in February, raising concerns about a potential economic slowdown. Compounding market worries, former President Donald Trump reiterated his plans to impose steep import tariffs on American […]
Bitcoin Reaches Low of $88,000 as Investors Shun Risk
Bitcoin (BTC) is falling sharply to reach lows of the beginning of November, leaving behind the bull run that boosted Donald Trump’s victory as a series of factors are causing risk-averse sentiment among investors. The largest and longest-standing cryptocurrency declined just over 8% in a 24-hour period on Tuesday morning (EDT) to trade at a […]
Today’s Stocks to Watch: Hims & Hers and Strategy
Key Points To Watch Out For: Hims & Hers Health (HERS): Semaglutide Withdrawal Impacts Share Price Hims & Hers Health shares fell 16% in premarket trading after the company announced it would stop offering compounded semaglutide, the active ingredient in Wegovy and Ozempic, after the first quarter. The decision may affect its growth trajectory in […]
Markets on Edge as Trump Reaffirms Tariff Threats on Mexico and Canada
Markets remain tense as former U.S. President Donald Trump reiterated that tariffs on Mexico and Canada are still under consideration, with a decision expected by next Monday. Despite the looming deadline, investors have yet to fully price in the risks, although currency markets may react more sharply as the week progresses. “The dollar found firmer […]
US Stock Futures Fall as Caution Persists Ahead of Nvidia Results
U.S. stock futures signaled a muted open on Tuesday as investors remained cautious ahead of Nvidia’s highly anticipated quarterly results later this week. As of 05:38 ET (10:38 GMT), Dow futures slipped 23 points (0.1%), S&P 500 futures fell 13 points (0.2%), and Nasdaq 100 futures dropped 83 points (0.4%). Wall Street’s major indices closed Monday’s choppy session […]
Outlook for the Week of February 24-28
The financial markets are gearing up for a pivotal week ahead, filled with political and economic developments that could drive volatility across currencies, equities, and commodities. From the German elections’ impact on the euro to the critical US PCE inflation data, traders and financial professionals will want to keep a close eye on these key […]
Nasdaq Files Form 19b-4 for Canary Capital’s HBAR ETF Spot
Nasdaq has filed Form 19b-4 with the SEC to seek approval for the listing and trading of Canary Capital’s HBAR ETF spot. This investment fund aims to replicate the spot price of HBAR, currently the 21st largest crypto asset by market capitalization. This filing follows the October launch of the first HBAR Trust in the […]