US stocks closed mixed on Tuesday as investors digested fresh jobs data and new Fedspeak regarding the path forward for interest rates. The S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) each claimed new records after finishing...
Bitcoin reserves on centralized crypto exchanges like Binance and Coinbase have dropped to their lowest levels in years, reinforcing bullish crypto sentiment. CryptoQuant data confirmed that investors have withdrawn over 171,000 Bitcoin btc-0.22%Bitcoin from leading crypto exchanges since Donald Trump’s victory...
EverValue introduces Bitcoin backing in DeFi with EVA to create new standards of valuation and establish predictable growth in an unpredictable space. Decentralized finance (DeFi) cracks the door open for opportunities otherwise inaccessible in traditional finance (TradFi). However, for investors looking to put their Bitcoin into use, DeFi landscape presents...
Bitcoin BTC$95,280 has struggled to rally above $98,000 from Nov. 25 to Dec. 2, frustrating investors despite achieving a 38% monthly gain. Market participants worry that prolonged consolidation below the $100,000 psychological barrier could embolden bearish strategies to suppress BTC's price. Bitcoin 2-month futures annualized premium. Source: Laevitas.ch Derivatives markets suggest resilience, with...
The Nasdaq and S&P 500 closed on Monday at record levels of 19,403 and 6,047, respectively. On average, they increased nearly 1%. Technology, communication services, and consumer discretionary stocks lead the market overall. On the other hand, the Dow Jones Industrial decreased slightly by 0.29%, while the NASDAQ also recorded...
Stocks will enter the final month of 2024 near record highs as investors look to cap off what's been another stellar year for US stocks. During last week's holiday-shortened trading, the Dow Jones Industrial Average (^DJI) rose more than 2%. Meanwhile, the Nasdaq Composite (^IXIC) and the S&P 500 (^GSPC)...
Gold prices rose on Thursday as geopolitical uncertainty and trade war concerns boosted safe-haven demand, with low trading volumes expected as U.S. markets are closed for the Thanksgiving holiday. Spot gold was up 0.2% to $2,641.79 per ounce at 10:07 a.m. ET (1507 GMT). U.S. gold futures were steady at...
As Inauguration Day nears, investors are trying to unravel what booms or busts lay ahead under President-elect Donald Trump. Trump’s campaign promises — from tariffs to mass deportations, tax cuts and deregulation — and his picks to lead federal agencies suggest both risks and rewards for various investment sectors, according...
If Bitcoin (BTC) replicates past cycle performances, the asset could trade at $100,000 or higher in December. Notably, the cryptocurrency market remains on edge, anticipating Bitcoin’s push to the six-figure valuation amid the ongoing post-election rally. Historically, Bitcoin has shown a tendency to rally in December following the United States...
Bitcoin dominance has printed a significant signal for altcoin investors, that could see smaller cryptocurrencies rally during December and attract more investments ahead of Jan. 20. Bitcoin BTC$96,316 dominance, which measures the ratio of Bitcoin to the total value of the crypto market, has fallen to 56.1%, below its two-year support line,...
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