Author: Fernanda T

Bitcoin falls on Monday but maintains positive performance for the month Bitcoin (COIN:BTCUSD) and related stocks, such as Coinbase Global (NASDAQ:COIN) and MicroStrategy (NASDAQ:MSTR), are down on Monday. After reaching a high of $66,566.28 last week, Bitcoin is down 3.3% at the time of writing, sitting at $63,450. The drop was triggered by several factors.…

Bitcoin reacts to PCE data Bitcoin (COIN:BTCUSD) reached an intraday high of $66,550 on Friday and is currently trading at $65,566, a 0.6% increase over the past 24 hours. This rise followed the release of U.S. inflation data, with the Personal Consumption Expenditures (PCE) index, the Federal Reserve’s preferred measure, dropping to 2.2% in August,…

Bitcoin surpasses $65,000 after Fed rate cuts and China news The price of Bitcoin (COIN:BTCUSD) reached a high of $65,632 in the last 24 hours, marking the highest value in almost two months. Priced at $65,380 at the last check, the increase began with the Federal Reserve’s 50 basis-point rate cut and was boosted by…

Google Cloud and Solana Labs launch Gameshift for Web3 gaming Google Cloud and Solana Labs have launched Gameshift, an API that facilitates the integration of traditional games with Web3 technology, such as NFTs and digital assets. The announcement was made at the Solana Breakpoint 2024 event, and the tool is available on the Google Cloud…

U.S. index futures rose slightly in pre-market trading on Tuesday after the S&P 500 and Dow Jones hit new closing records. At 5:19 AM, Dow Jones futures (DOWI:DJI) were up 78 points, or 0.18%. S&P 500 futures gained 0.21%, and Nasdaq-100 futures advanced 0.33%. The 10-year Treasury yield stood at 3.791%. In commodities, oil prices…

Correlation between cryptocurrencies and the S&P 500 increases The correlation between cryptocurrencies and the S&P 500 (SPI:SP500) reached 0.67, a level unseen since 2022. This increase reflects the impact of macroeconomic factors on cryptocurrency markets, such as US interest rates and monetary policies. Analysts expect this correlation to persist, especially with a soft landing anticipated…

U.S. index futures are largely flat in pre-market trading this Monday, after a strong week on Wall Street, driven by the Federal Reserve’s 50 basis point interest rate cut. The Dow hit a record high above 42,000 points, with investors eyeing upcoming economic data and Fed speeches this week. At 5:23 AM, Dow Jones futures…

Bitcoin ETFs in the US registered an inflow of $158.3 million on Thursday On September 19, Bitcoin ETFs saw a significant inflow of $158.21 million, marking a strong recovery from the previous day’s outflow of $52.7 million. The main contributors to this inflow were the Ark 21Shares Bitcoin ETF (AMEX:ARKB), attracting $81.07 million, and the…