The European Central Bank gave a strong critique of bitcoin on Wednesday, saying the cryptocurrency is on a “road to irrelevance.” In a blogpost titled “Bitcoin’s last stand,” ECB Director General Ulrich Bindseil and analyst Jürgen Schaff said that, for bitcoin’s proponents, the apparent stabilization in its price this week...
The stock market is not out of the woods yet and could face further volatility next year as a result of the Federal Reserve's quantitative tightening, according to Bank of America strategists. In an analyst note this week, the analysts led by Savita Subramanian warned the Fed's shrinking of its...
Stock futures ticked higher in overnight trading Wednesday. Futures tied to the Dow Jones Industrial Average added 12 points, or 0.03%, while those tied to the S&P 500 and Nasdaq 100 gained 0.25% and 0.27%, respectively. Salesforce’s stock shed 6% in extended trading on news that co-CEO Bret Taylor is stepping...
New BTC miner capitulation? 5 things to know in Bitcoin this week Bitcoin prepares to exit a grim November just above $16,000 — what could be on the menu for BTC’s price this week? We discuss the...
The stock market is not out of the woods yet and could face further volatility next year as a result of the Federal Reserve's quantitative tightening, according to Bank of America strategists. In an analyst note this...
Ether rallied 5.5% in the early hours of Nov. 29, reclaiming the critical $1,200 support. However, when analyzing a broader time frame, the 24% negative performance in the past 30 days significantly impacts investors' sentiment. Moreover, investors’ mood worsened after BlockFi filed...
Tesla is still the top-selling electric vehicle brand in the U.S., but its dominance is eroding as rivals offer a growing number of more affordable models, according to a report Tuesday by S&P Global Mobility. The data...
If the first part of the above headline about Bitcoin price had your heart pumping, it might be time to reduce the amount of leverage you are using. No, we aren’t calling for BTC to reach a target of $1,000 – we are instead looking back and celebrating the nine-year anniversary of...
According to crypto data tracker WhaleAlert, $2 billion worth of BTC was moved from Binance. In a tweet, it reported that 127,351 BTC worth $2,062,504,721 were transferred from Binance to an unknown wallet. This garnered a whole lot of speculation on Crypto Twitter, given that the market remains under pressure...
A U.S. recession induced by central-bank efforts to curb inflation is likely to arrive by mid-2023 and trigger a sharp and “temporarily painful” decline in equities, according to Deutsche Bank researchers. “We see major stock markets plunging 25% from levels somewhat above today’s when the U.S. recession hits, but then...
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