Market Overview - Page 243

The price of Bitcoin (BTC) has quadrupled in the past nine months, which means another similar rally would put $100,000 on the table in the foreseeable future. Dan Tapiero, co-founder of 10T Holdings, does not expect Bitcoin to hit $100,000.

The U.K. government believes “significant differences” still remain with the EU, as the two sides make a final push to clinch a post-Brexit trade deal. Talks are ongoing in Brussels on Monday afternoon, but both sides remain divided over three.

The sharp revenue increase came as bitcoin soared through November, setting a new all-time high by month’s end after gaining over 40 percent. Monthly aggregate revenue in November hit the highest level since September 2019. Revenue estimates assume miners sell.

A report on Friday from Ethereum metrics website Dune Analytics showed that the decentralized finance (DeFi) ecosystem now counts over 1 million unique Ethereum addresses as participants — an over tenfold increase from the 91,000 addresses on Dec. 6, 2019..

Oil prices slipped on Monday as the positive impact from COVID-19 vaccines and an OPEC+ deal on oil production cuts was undermined by surging coronavirus cases and heightened tensions between the United States and China. Brent crude fell 76 cents,.

Asian stock indices retreated from their record levels on Monday, indicating cautious profit-taking and a pause in growth. However, it is worth paying attention to the very serious overbought conditions in the markets, which gives us a cautious view. Last.

U.S. stock futures were slightly lower early Monday following a record-setting session as Wall Street searched for clues on additional fiscal aid. Dow Jones Industrial Average futures traded lower by 74 points, or 0.25%. S&P 500 were lower by 0.25%,.

Sterling extended losses against the U.S. dollar on Monday, amid escalating fears that U.K. and EU negotiators may fail to reach a deal before a transition period ends later this month. The U.K. currency traded at $1.3230 during morning deals,.

Chinese e-commerce firm JD.com said it has become the first online platform to accept the country’s digital currency. The announcement on Saturday comes as part of another real-world major trial for the digital yuan in Suzhou, a city that’s about.

European Central Bank policy makers would probably agree to extend their pandemic bond-buying program by a full year until the middle of 2022 if that is proposed by the Executive Board next week, according to officials familiar with the situation..

Stocks rose slightly on Friday as traders pored through the latest U.S. jobs report, putting the major averages on pace for another weekly advance. The Dow Jones Industrial Average traded higher by 150 points, or 0.5%. The S&P 500 gained.

The US labour market added 245K jobs in November vs 480K expected and 610K a month earlier, according to the new NFP report. Growth in the private sector and manufacturing was significantly worse than anticipated. The fall in the unemployment.