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Market Overview - Page 186


Bitcoin nears all-time highs — Here’s why $73K is the next key level to watch
Bitcoin nears all-time highs — Here’s why $73K is the next key level to watch

The price of Bitcoin (BTC) saw a correction in the run-up to the record options expiry last Friday. However, nothing happened despite some expecting a massive move on the same day. The actual correction occurred before the event. On the.

‘Optimistic’ Fed policymakers see U.S. economy about to boom
‘Optimistic’ Fed policymakers see U.S. economy about to boom

Federal Reserve policymakers are optimistic about the U.S. economic outlook as more Americans are vaccinated and government aid gets to households and businesses, and they are not going to stand in its way. Richmond Fed President Thomas Barkin compared the.

Stock futures are flat after Dow slips from record levels
Stock futures are flat after Dow slips from record levels

U.S. stock futures were flat in overnight trading on Tuesday after the Dow Jones Industrial Average slipped from its record level amid fears about rising interest rates. Dow futures rose 30 points. S&P 500 and Nasdaq 100 futures rose 0.15%.

Asia-Pacific markets mixed; China says its factory activity expanded in March
Asia-Pacific markets mixed; China says its factory activity expanded in March

Shares in Asia-Pacific traded mixed on Wednesday as official data showed China’s factory activity growing in March. In Japan, the Nikkei 225 shed 0.63% while the Topix index declined 0.68%. South Korea’s Kospi, on the other hand, rose 0.19%. Mainland.

U.S. joins 13 other nations in criticizing WHO for a lack of transparency in China Covid report
U.S. joins 13 other nations in criticizing WHO for a lack of transparency in China Covid report

The United States signed on to a joint statement with 13 other nations Tuesday criticizing the World Health Organization’s long-anticipated report on the origins of Covid-19. In a joint statement, the governments of Australia, Canada, the Czech Republic, Denmark, Estonia,.

As Wall Street reels, Archegos’ fire sale raises big questions about regulation
As Wall Street reels, Archegos’ fire sale raises big questions about regulation

The diverging fortunes of major banks in the fallout from the Archegos Capital Management meltdown raise serious questions for global regulators, experts said. Archegos’ forced liquidation of several of its positions triggered a fire sale of a number of U.S..

PayPal launches crypto checkout service
PayPal launches crypto checkout service

PayPal Holdings Inc will announce later on Tuesday that it has started allowing U.S. consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally, a move that could significantly boost use of digital assets in.

EURGBP looks oversold
EURGBP looks oversold

The rally of the British Pound against the Euro continues. Despite a relatively moderate amplitude, EURGBP has lost around 6.5% since the start of the year to yesterday’s low at 0.8500. And this is the most sustained and severe decline.

Three-quarters of circulating BTC last changed hands for less than $10,800
Three-quarters of circulating BTC last changed hands for less than $10,800

Research from on-chain analytics provider Glassnode has found that roughly three-quarters of circulating Bitcoin last moved on the blockchain when prices were below $10,800, suggesting most market participants are long-term holders. Glassnode’s March 29 ‘Week on Chain’ report found that.

Biden targets big offshore wind power expansion to fight climate change
Biden targets big offshore wind power expansion to fight climate change

The Biden administration on Monday unveiled a goal to expand the nation’s fledgling offshore wind energy industry in the coming decade by opening new areas to development, accelerating permits, and boosting public financing for projects. The plan is part of.

After firing Turkey’s cenbank chief, Erdogan also removes deputy
After firing Turkey’s cenbank chief, Erdogan also removes deputy

President Tayyip Erdogan removed a central bank deputy governor, Murat Cetinkaya, from his post on Tuesday, 10 days after he fired the bank’s hawkish governor in a shock move that sent the lira down some 13%. Banker Mustafa Duman was.

Oil gains as focus switches to OPEC+ extending output cuts
Oil gains as focus switches to OPEC+ extending output cuts

Oil prices rose on Tuesday as shipping traffic resumed through the Suez Canal after days on hold and focus turned to an OPEC+ meeting this week where the extension of supply curbs may be on the table amid new coronavirus.

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