Author: Fernanda T
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Crypto: Bitcoin Surpasses $42K on Friday, Canaan Raises $50 Million for Expansion and R&D, and More
Bitcoin surpasses $42,000 with reduced selling pressure and favorable economic outlooks Bitcoin (COIN:BTCUSD) saw a significant increase of 5.3%, reaching $42,020, buoyed by the reduction in outflows from the Grayscale Bitcoin Trust (AMEX:GBTC), easing investor concerns and propelling weekly gains into positive territory. Fernando Pereira, analyst at Bitget, highlighted the bullish scenario for cryptocurrencies, supported…
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Wall Street Highlights: Intel’s Disappointing Quarterly Forecast, PayPal’s New AI Solutions for Merchants, and More
In the pre-market on Friday, U.S. index futures experienced declines, reflecting investors’ reactions to lower-than-expected sales forecasts by giants such as Intel (NASDAQ:INTC) and Tesla (NASDAQ:TSLA), announced on Thursday. The market is also anticipating the release of the Personal Consumption Expenditures price index deflator, which is the inflation indicator most closely monitored by the Federal…
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Crypto: Tesla’s 4Q BTC Holdings, Final Ethereum Update Tests, and More
BTC price experienced a slight fluctuation following an optimistic US GDP report Bitcoin (COIN:BTCUSD) dropped by less than 1%, approaching $39,600, after the US reported a 3.3% growth in fourth-quarter GDP, surpassing expectations of 2%. While this growth was lower than the 4.9% seen in the previous quarter, it nearly matched December’s inflation rate of…
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Wall Street Highlights: Nokia’s Margins Surprise, FAA Halts Boeing Production Expansion, and More
In the pre-market on Thursday, U.S. index futures are showing positive performance, with investors keeping an eye on the fourth-quarter GDP. At 05:45 AM, Dow Jones futures (DOWI:DJI) rose by 102 points, or 0.27%. S&P 500 futures increased by 0.07%, and Nasdaq-100 futures remained stable. The yield on 10-year Treasury bonds stood at 4.157%. In…
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Crypto: Core Scientific’s Nasdaq Return, Meta Faces Digital Asset Investigation, and More
Bitcoin recovers $40,000 mark on Wednesday Bitcoin (COIN:BTCUSD) reclaimed the $40,000 level after a brief dip below that value, registering a modest 0.5% increase in 24 hours, trading at $40,040. “After more than a 20% drop, BTC found the 100-period moving average. A very strong support with many robots programmed to buy in this region.…
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Wall Street Highlights: eBay Slashes 9% of Workforce, SAP to Reduce 8,000 Positions, and More
In the pre-market on Wednesday, U.S. index futures are showing positive performance, boosted by favorable results presented by Netflix (NASDAQ:NFLX). This optimism also anticipates the financial announcements expected from IBM (NYSE:IBM) and Tesla (NASDAQ:TSLA). At 05:38 AM, the futures of the Dow Jones (DOWI:DJI) rose 49 points, or 0.13%. S&P 500 futures rose 0.41% and…
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Crypto: Avalanche Memecoin Criteria, OKB’s Rapid Decline and Recovery, and More
Bitcoin falls below $40,000 On Monday, the cryptocurrency market experienced a significant setback, with Bitcoin (COIN:BTCUSD) dropping notably below the $40,000 mark, marking its lowest value of the year. By Tuesday, Bitcoin had stabilized, trading at $39,482. Meanwhile, Ethereum (COIN:ETHUSD) continued its downward trend, priced at $2,220, a decrease of 3.93% from the previous day.…
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Wall Street Highlights: Vroom Shuts Down Online Car Sales, Ericsson Warns of Decline Outside China, and More
In Tuesday’s pre-market, U.S. index futures showed a slight negative trend. This movement follows a historic milestone where the Dow Jones surpassed the 38,000-point barrier for the first time. At 05:09 AM, the Dow Jones futures (DOWI:DJI) fell 29 points, or 0.08%. S&P 500 futures retreated 0.05% and Nasdaq-100 futures fell 0.10%. The yield on…
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Crypto: Terraform Labs Files for Bankruptcy, MetaMask and Consensys Stake Introduce ETH Staking, and More
Crypto market volatility causes $138 million liquidation in 24 hours The crypto market starts the week with significant losses, highlighted by the sharp falls of Solana (COIN:SOLUSD), Ripple (COIN:XRPUSD), and Cardano (COIN:ADAUSD). Bitcoin (COIN:BTCUSD), having lost the crucial support level of $41,000, affected other cryptocurrencies, resulting in over $138 million in liquidations, mainly of long…
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Wall Street Highlights: Sony Abandons Billion-Dollar Merger, SolarEdge Announces 16% Workforce Reduction, and More
In Monday’s pre-market, U.S. stock indices indicate a positive opening, reflecting investor optimism ahead of important economic reports to be released this week. Attention is focused on GDP data on Thursday and personal consumption expenditures prices on Friday, while the Wall Street earnings season promises to be bustling, with major technology companies about to release…