Sat, March 02, 2024

Ripple Trading

Feb 2024: Bitcoin Hits $57K, Market Cap Tops $2T

Quick Look Bitcoin (BTC-USD) surges past $57,000, marking its highest in over two years. Bitcoin has seen a nearly 30% increase year-to-date, ahead of the April halving event. Crypto market cap exceeds $2 trillion, surpassing the valuation of tech giants Amazon and Alphabet. MicroStrategy and Coinbase stocks see significant gains amidst the crypto rally. Bitcoin …

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Wibest – Grain Market: Soybeans

Essential Food Prices Surge Ahead of Ramadan in Indonesia

Quick Look Bangladesh sees price increases in essentials despite government efforts to reduce import duties. Prime Minister of Bangladesh blames hoarding for price hikes; market trends show significant increases in onion, sugar, and beef prices. Indonesia’s Bulog confirms ample rice stocks; government launches Cheap Food Movement to combat rising rice prices. Both countries face challenges …

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Stocks in Asia-Pacific

Tech Leads: Nvidia’s $277B Surge & Market Highs

Quick Look Dow Jones and S&P 500 futures show modest gains, while Nasdaq 100 futures hold steady. After-hours trading sees Block and Carvana stocks soar thanks to robust quarterly performances. Nvidia’s rally leads to a significant market upturn, with major indices marking their best sessions in months. Warner Bros Discovery and Bloomin’ Brands are among …

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Ethereum, wormhole, crypto

Bitcoin Soars 110% YoY Amid $200M Liquidations

Quick Look Bitcoin’s price dipped to a low of $50,700, with Ether falling just under $2,890 before both currencies made a recovery. Over $200 million in crypto futures liquidations occurred, with a significant Nvidia earnings beat sparking renewed interest in AI tokens. AI tokens’ market cap soared past $15 billion, led by OpenAI’s Sora product …

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cryptocurrency

Treasury Hits 1.43B ADA Cardano: A 66.7% Revenue Boost

Quick Look ADA Cardano’s revenue skyrocketed by 66.7% quarter-over-quarter (QoQ), with its Treasury ballooning to 1.43 billion ADA. The average daily transactions on the network saw a notable increase of 10.9% QoQ. Despite a minor decline in active staking by 0.5% QoQ, the total value locked (TVL) in USD. A massive surge of 166% QoQ …

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Which Forex Brokers Accept Bitcoin?

The Forex market is the largest financial market in the world. People from all over the world are interested in the Forex market. However, they are also interested in cryptocurrencies.  Unsurprisingly, they want to gather more information about forex brokers that accept Bitcoin.  The intersection of forex brokers and cryptocurrencies represents a significant evolution in …

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oil pump – wibestbroker

Jan ’24: OPEC+ Cuts Output by 340K B/D, Misses Target

Quick Look Total OPEC+ crude output decreased by 340,000 barrels per day, the largest drop in six months. The decline was less than half the 700,000 b/d reduction promised for Q1 2024. Key contributors to the cut include Libya, Kuwait, and Iraq, with Libya’s Sharara field shutdown impacting numbers. The UAE bucked the trend with …

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ETF Inflows Soar, Regulators Act, Crypto Mines Buzz

At a Glance BlackRock’s Bitcoin ETF garners $3.9 billion in inflows, making a historic mark in the U.S. ETF arena. Fidelity’s Bitcoin ETF follows closely with substantial $2.51 billion inflows. Ripple faces regulatory scrutiny, ordered to produce financial documents in an ongoing SEC lawsuit. Bitcoin miners’ reserve outflows signal a strategic shift ahead of the …

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Crypto Market Highlights – 2021

Bitcoin Dips as Fed Keeps Crypto Rates Steady

Key Points: Bitcoin fell 2.2% to $42,701 following the Federal Reserve’s decision to maintain current interest rates. The Federal Open Market Committee held the federal funds rate at 5.25-5.50%, indicating economic caution.  CoinShares’ James Butterfill notes Bitcoin’s increased response to interest rates is linked to traditional finance’s involvement in crypto via Bitcoin ETFs. Celsius exits …

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crypto

The Shifting Landscape of Crypto Exchange in India

The recent crackdown on offshore crypto exchanges in India has significantly impacted the digital financial landscape. The Economic Times reports that the government’s action follows a prolonged period of offshore crypto platforms failing to comply with requests from the Financial Intelligence Unit (FIU) for clarification. Apple’s decision to remove these exchanges from its App Store …

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Crypto exchanges and cyber-security

Navigating Crypto Turbulence with CoinGecko Insights

In the constantly evolving cryptocurrency market, staying updated on trends and movements is essential for investors. CoinGecko, a leading crypto data aggregator, provides key insights that shed light on current market conditions, offering valuable information to investors. With the total cryptocurrency market cap at $1.7 trillion, a decrease of 7% in the last 24 hours, …

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Global economy

Economic Activity: A Cautious Optimism for 2024

In the dynamic landscape of economic activity, the nation approaches 2024 with cautious optimism, anticipating a return to normalcy after the tumultuous years triggered by the COVID-19 pandemic. As the roller coaster of economic fluctuations gradually steadies, key factors such as job market stability, decreasing odds of a recession, and easing inflation create hope. This …

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Diverse Israeli Tech becomes available for New Gulf Allies

Arab Country: Economic Fallout Amidst Gaza Crisis

The recent Israel-Gaza conflict has left a profound impact not only on the immediate parties involved but also on neighbouring Arab countries. As these nations grapple with existing fiscal challenges, the war’s economic cost is proving to be an additional burden. This will push many towards the brink of poverty and exacerbate regional economic instability. …

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crypto

Crypto Bull Run: Institutional Investors Leads Surge

The cryptocurrency market is witnessing a significant surge, marked by a remarkable $43 million inflow in the last seven days, as institutional investors increase their involvement. This marks the 11th consecutive week of gains, showcasing a sustained bullish sentiment among these major players. In this analysis of the Crypto Bull Run, we explore the latest …

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