Bitcoin starts September with a whimper, as both the monthly and weekly close spark the BTC price’s downside.
Trading near spot demand at $57,000, Bitcoin is decidedly lacking bullish sentiment as analysis shows low interest among traders.
Is the market in for another “Rektember?”
This month’s status as a “red” patch for...
Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin.
Galaxy Digital Holdings Ltd., a blockchain firm led by Mike...
Asia-Pacific markets were mixed on Monday as investors assessed China’s business activity numbers released over the weekend, while awaiting a slew of data due later this week.
China released its official purchasing managers’ index data for August....
Bitcoin shed more than 2% on Sep. 1 as an “out of hours” monthly close turned ugly for bulls.
BTC/USD 1-hour chart. Source: TradingView
BTC price stares down traditionally “red” September
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The world’s bancassurance market size is projected to reach $515.8b from 2024 to 2028, with a compound annual growth rate (CAGR) of 7.79%. The growth contributed by Asia Pacific is seen at 54%.
For the year, the...
Bitcoin has repeatedly failed to close above the $62,000 level since Aug. 3 and is currently down 11% over the past 30 days. More notably, the cryptocurrency has decoupled from the S&P 500 index, which is up 1% in the same period and only 1% below its all-time high.
Bitcoin...
As bitcoin continues to trade in a range-bound fashion this summer, analysts are looking ahead to a volatile end to 2024.
Roundtable anchor Rob Nelson recently discussed price targets with experts, including George Tung, host of CryptosRUs. George confidently stated that there's “a really good shot” Bitcoin could break $100,000...
The rails movement of empty international and domestic sized containers into the Los Angeles market have spiked over the past month. The implication is that demand is outpacing the supply of available containers both on the west coast and overseas. The transportation market appears to be able to handle...
China’s slow post-Covid recovery could be a lasting headwind for its stock market.
With the mainland’s two largest indexes — the Shanghai Composite and the Shenzhen Composite — each negative so far in 2024, KraneShares Chief Investment Officer Brendan Ahern thinks government stimulus is necessary to kick-start the country’s stock market performance.
“Investors, particularly...
LONDON — European markets closed higher on Friday, the last trading day of August, as investors considered inflation data from around the world.
The pan-European Stoxx 600 notched an intraday record high of 526.66 points during the session, according...
