Author: Fernanda T
-
Crypto: BTC Dips Below $41,000, UMA Token Surges 112%, and More
Widespread fall in the cryptocurrency market: Bitcoin drops to the level of US$40,000 The cryptocurrency market faced a sharp drop, with bitcoin (COIN:BTCUSD) falling below US$41,000. At the time of writing, Bitcoin was trading down 1.6% at $40,608. Ether (COIN:ETHUSD) also followed the downward trend, declining by 1.3% to US$2,434. This devaluation affected the entire…
-
Wall Street Highlights: Macy’s Announces Job Cuts, iRobot Shares Plummet Due to Planned Acquisition Block, and More
In the pre-market on Friday, U.S. index futures are rising, extending the increase seen the day before, when the government avoided a shutdown with funding through March. Today, investors await earnings from major financial institutions, as well as data on sales of existing homes and consumer sentiment. At 05:43 AM, the Dow Jones futures (DOWI:DJI)…
-
Crypto: GBTC Outflows Boost ETF Alternatives, Trump’s Stance Against CBDCs, and More
Opposing trends: Cryptocurrency decline and dollar rise after Bitcoin ETFs The recent approval of Bitcoin ETFs has generated a surge in trading volume in the cryptocurrency market. However, an unexpected premium on spot Bitcoin points to an unusual market. The price of Bitcoin, undergoing an ongoing correction, has been exacerbated by growing risk aversion among…
-
Wall Street Highlights: Sheryl Sandberg Leaves Meta Board, Intel’s EU Dispute Developments, and More
In the pre-market on Thursday, U.S. index futures are showing slight variations, marking a pause after a three-day streak of continuous losses in the Dow Jones. At 05:35 AM, the Dow Jones futures (DOWI:DJI) fell 14 points, or 0.04%. S&P 500 futures rose 0.04% and Nasdaq-100 futures advanced 0.26%. The yield on 10-year Treasury bonds…
-
Crypto: RNDR, LINK, CHZ Emerge as Wednesday’s Top Performers, Ethereum Pilots Dencun Update, and More
Lesser-known tokens gain prominence in the crypto market While Bitcoin (COIN:BTCUSD) remains stagnant at $42,500, smaller tokens such as Chiliz (COIN:CHZUSD) and Klaytn (COIN:KLAYUSD) are gaining attention in the cryptocurrency market. CHZ, used to buy Fan tokens on Socios.com, rose 40.3% in the last 7 days. KLAY, supported by the giant Kakao, shows a weekly…
-
Wall Street Highlights: Tesla Cuts Prices in Germany, Interactive Brokers Increases Revenue by 17%, and More
In Wednesday’s pre-market, U.S. index futures extended the downward trend seen in the previous session. As of 6:02 AM, Dow Jones futures (DOWI:DJI) fell 164 points, or 0.44%. S&P 500 futures fell 0.48% and Nasdaq-100 futures retreated 0.58%. The yield on 10-year Treasury bonds was at 4.062%. In the commodities market, West Texas Intermediate crude…
-
Crypto: Fantom Reduces Staking Requirements, TrueUSD Parity Drop, and More
Market contrast: Bitcoin rises while ETFs fall In the last 24 hours, Bitcoin (COIN:BTCUSD) experienced a modest increase, surpassing $43,000, while exchange-traded funds (ETFs) showed a contrasting trend. Notably, ETFs from BlackRock (NASDAQ:IBIT) and Van Eck (AMEX:HODL) suffered losses, each dropping by 1.1% during this period. This decline is part of a broader downward trend…
-
Wall Street Highlights: Apple Cuts iPhone Prices in China, Microsoft Launches Copilot Pro Subscription, and More
In Tuesday’s pre-market, U.S. index futures indicate a lower opening, as investors and analysts eagerly await the release of earnings reports from major banks, which promise to offer valuable insights into the current condition of the American consumer and the broader economic outlook. At 5:26 AM, Dow Jones futures (DOWI:DJI) fell 196 points, or 0.52%.…
-
Crypto: UBS Imposes BTC ETF Trading Restrictions, CoinShares Acquires Valkyrie’s ETF, and More
US Bitcoin ETFs attracted $4.6 billion in trades On the first day of trading, US-listed Bitcoin ETFs reached an impressive volume of $4.6 billion, attracting both bullish and bearish investors who placed $80 million in long and short bets. Investors rushed to purchase these new SEC-approved products, marking a significant milestone for the cryptocurrency industry.…
-
Wall Street Highlights: DocuSign Acquisition Battle, Tesla Berlin Production Halt, and More
In the pre-market on Friday, U.S. index futures are showing mixed behavior, reflecting investors’ caution. The focus is on the awaited Producer Price Index (PPI) report, marking the second major inflation report of the week. The anticipation surrounding the start of the fourth-quarter financial results season is also on the radar, as it offers crucial…