Global markets experienced a ripple effect on Thursday as Asian stocks mirrored the downward trajectory set by Wall Street. The catalyst behind this retreat was the release of the U.S. Federal Reserve’s latest meeting minutes, which cast doubt on the belief that interest rate hikes had reached their culmination. This unexpected shift has left investors …
Fed Minutes Dent Market Confidence Amid Uncertainty Read More »
The cryptocurrency world is dynamic and ever-evolving, where trends shift rapidly, and new opportunities arise frequently. One such phenomenon that garners attention from crypto enthusiasts and investors alike is the concept of “altcoin season.” Recently, the cryptocurrency market experienced a significant shift, with altcoins facing a tumultuous period amidst a broader market decline. Altcoin Season …
Altcoin Season: Navigating the Airy Crypto Market Read More »
In the ever-fluctuating realm of global finance, the dollar stands as a steadfast symbol of economic stability and power. Recent market dynamics have again brought the dollar into the spotlight, as it surged to a five-week high against Asian currencies. This rise was triggered by a stronger-than-expected U.S. inflation reading, igniting fears that the Federal …
The global economic landscape is a complex interplay of nations’ policies, ambitions, and challenges. As we delve into the current state of China’s economy, it’s insightful to reflect on the past – on old China – to gain a comprehensive understanding of its economic evolution. The Chinese embassy in every corner of the world today …
Old China: Economic Challenges and Modern Realities Read More »
In the intricate world of the commodity market, fluctuations in supply and demand profoundly impact global economies and industries. The Russian economy news witnessed an interesting turn of events in July, particularly concerning Russian seaborne crude exports and oil product shipments. These developments can influence international trade and energy prices, making them significant topics for …
The intensifying crypto market prompts intense scrutiny and legal debates surrounding crypto asset management due to its rapid evolution. Recently, a Manhattan federal judge’s opinion has raised significant implications for the industry. The ruling asserts that cryptocurrencies are securities in regards to how they are sold. The decision permits the SEC to pursue charges against …
Crypto Asset Management: New SEC Ruling Implication Read More »
The recent decision by the Federal Reserve to raise the US interest rate to its highest level in over two decades has drawn significant attention from global markets. As Wall Street anticipated, this move has implications for the US economy and international investors. This article will explore the impact of the US interest rate hike …
The crypto trader community is currently grappling with a mixed bag of developments in the cryptocurrency market. Despite Bitcoin-related investment products losing their shine and experiencing outflows for the first time since June, there are signs of optimism, with Ether and XRP investment products recording impressive inflows. In this article, we will explore recent market …
In a quiet market, Tesla, the pioneer in electric vehicles, has emerged as a roaring force, leaving investors eager to buy Tesla stock. The remarkable performance of Tesla has also bolstered other electric vehicles stocks, like Rivian and Xpeng, as the entire EV industry experiences a surge in demand and investor interest. In this article, …
China’s economic recovery faces new challenges as factory activity contracted for the third consecutive month, signalling a slowdown in momentum. Coupled with a decline in non-manufacturing activity, the world’s second-largest economy is experiencing a patchy recovery. This article delves into the latest data and its implications for Chinese products, emerging markets in China, and imports …
Chinese Products: Chinese Economy Faces Challenges Read More »
Ripple Receives Major Payment Institution License In a significant development for the cryptocurrency market, Ripple, a prominent player in the digital payments realm, has recently announced that it has received in-principle approval of a Major Payment Institution License from the Monetary Authority of Singapore (MAS), the country’s central bank. This authorization is of great importance …
Ripple Receives Major Payment Institution License Read More »
Bitcoin’s recent bounce-back from the $25,500 support level on June 6 has showcased its resilience. However, market data from derivatives suggests that surpassing the $27,500 mark will not be an easy feat for the crypto. Challenges Ahead for Bitcoin’s Price Surge (approx. 70 words): Despite the quick recovery, the path to breaking above $27,500 appears …
Bitcoin’s Recovery Doubtful Amid Challenging Market Data Read More »
According to SEC officials, illegal crypto tokens are still on some exchanges. This will cause stricter crypto rules. The US Securities and Exchange Commission (SEC) has been advocating for the regulation of cryptocurrencies since 2017, stating that it has the authority to supervise numerous digital tokens and the platforms that facilitate their trade. However, the …
SEC Declares Crypto Tokens Illegal for Sale on Exchanges Read More »
According to Coinglass statistics, the futures market has a fairly balanced spread of long and short orders. Besides, the buyer-side edge remains pretty insignificant. At the same time, the Binance BTC/USDT order database displays a strong resistance level to selling at US$29,000. It could easily serve as a target for Bitcoin bulls to beat. The …
Bitcoin and Ethereum markets awaiting the FRS decision Read More »
Litecoin price forecast: Can LTC reach $1,000 this year? Litecoin’s (LTC) price, which recently surpassed $100, has dropped 5% in the past day to $96.29. The coin has increased 7% over the past two weeks and 17.5% over the last 30 days. The Litecoin Foundation’s statement that its Mastercard-based Litecoin card would be introduced in …
Litecoin price forecast: Can LTC reach $1,000 this year? Read More »
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