by Jibran Munaf | September 22, 2024 | Cryptocurrencies, Markets
US-listed cryptocurrency stocks soared on Thursday after a half-percentage point interest rate cut by the Federal Reserve fueled risk-on sentiment among investors. The reduction in rates added momentum to an industry already riding high on significant wins earlier...
by Jibran Munaf | September 14, 2024 | Commodities, Currencies, Finance, Markets
The U.S. dollar dropped to its lowest point of the year against the yen, and gold surged to a record high on Friday as shifting expectations for a significant Federal Reserve interest rate cut drove market movements. Investors are now weighing the likelihood of a...
by Jennifer George | September 9, 2024 | Cryptocurrencies, Currencies, News
The US Bitcoin exchange-traded funds (ETFs) recently posted their longest run of daily net outflows since being listed in January 2024. The Bloomberg show highlighted that investors have pulled upward of $1.2 billion in total from the group of 12 ETFs over the eight...
by Jibran Munaf | September 7, 2024 | Cryptocurrencies
Coinbase experienced its most challenging week of the year as cryptocurrency stocks took a significant hit amid broader market declines. Bitcoin miner Marathon Digital saw its stock tumble by 20%, while a basket of crypto-related equities tracked by Schwab dropped to...
by Jibran Munaf | September 7, 2024 | Currencies
The dollar experienced a modest uptick in volatile trading on Friday following the release of mixed U.S. employment data for August. Nonfarm payrolls increased by 142,000 jobs, slightly below economists’ expectations of 160,000 jobs and following a downwardly...
by Jennifer George | September 6, 2024 | Cryptocurrencies, Currencies, Economy, Regulations
Global markets stand at the brink of a disastrous tumble or a cradled recovery with US payroll data right around the corner. Fresh payroll data will reveal if the US job market will weaken further and push the Fed to lower rates by more than a quarter percentage point...
