Bitcoin’s BTC$68,367 market capitalization has reached $1.35 trillion, now over $1 trillion more than the number two cryptocurrency, Ethereum, amid BTC’s price trading just above $68,000.
The 8.9%% rise in Bitcoin’s market cap — the total value of all virtual issued money — since Oct. 12 has sparked further speculation that Bitcoin has plenty...
Utilities have been on fire this year as enthusiasm over booming AI electricity demand pushes the sector higher.
Case in point: The S&P 500 Utilities ETF (XLU) is up a whopping 29% so far this year — the best-performing sector to date, compared to the broader index's 23% rise.
Much of...
Bitcoin’s BTC$68,324 price nearing $70,000 has sparked a shift in market sentiment, with a surge in bullish posts among traders. However, one trader warns that the market isn’t quite there yet and still has a way to go before it can truly be called bullish.
“I don’t think the sentiment is that...
What’s going on here?
Cocoa futures dipped as Europe's third-quarter grinding data showed declines, while Asia’s significant growth surprised the market, sparking volatility.
What does this mean?
The latest cocoa grind data sent ripples through the market: a decline in Europe was offset by robust growth in Asia and North America, which saw...
Overall, spot bitcoin ETFs have experienced significant inflows, with 12 funds amassing over $1.85 billion this week. Ark and 21Shares’ (BATS:ARKB) saw over $100 million in inflows. Grayscale’s (OTC:GBTC) recorded $45.70 million, while Fidelity’s (BATS:FBTC) had $11.69 million.
According to crypto analyst Rachael Lucas, per The Block, this trend is...
Markets in mainland China and Hong Kong rebounded Friday after the world’s second-largest economy posted better-than-expected economic growth. Overall, Asia-Pacific markets mostly rose.
China’s third-quarter GDP grew 4.6% compared to the same period last year, slightly above estimates by economists in a Reuters poll but down from 4.7% in the previous quarter.
The...
Blockchain lending protocol Radiant Capital lost more than $50 million on Wednesday as the result of an apparent cyberattack, according to security experts and blockchain data.
An attacker gained control of Radiant Capital's blockchain contracts by obtaining three of the "private keys" that control the protocol, security experts said.
"Radiant Capital...
Corners of financial markets that could feel the impact of a Donald Trump victory are stirring again, as the U.S. presidential race tightens with less than three weeks until Election Day.
Assets ranging from small-cap stocks to bitcoin have climbed in recent weeks while the Mexican peso and Treasuries have slipped, as polls show a...
Bitcoin prices will surge if escalating tensions in the Middle East cause oil and energy prices to rise, according to Arthur Hayes, co-founder of the crypto exchange BitMEX.
Hayes wrote in an Oct. 16 blog post that “oil prices would spike” in a scenario in which major oil and natural gas fields...
ASML finally offered a first glimpse into how U.S. restrictions on exports of its advanced chip manufacturing tools to China will impact its sales in the Asian country.
The Netherlands-based chip equipment maker said in its earnings report Tuesday, which was released a day early due to a “technical error,” that...
