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Market Overview - Page 268


Bitcoin fees spike 198% but Ethereum still more profitable
Bitcoin fees spike 198% but Ethereum still more profitable.

Bitcoin (BTC) transaction fees have nearly tripled in three days, from $3.52 to $10.20 on average. According to crypto market data aggregator Glassnode, 22.25% of Bitcoin miners’ income is currently made up of fees, with the other 77.75% coming from.

Markets are more anxious, and it’s not just the US elections
Markets are more anxious, and it’s not just the US elections.

The situation in the markets appears increasingly cautious. Key US indices are developing a decline and Futures for S&P500 are losing 0.5% today after the main index fell by 0.3% on Tuesday. The latest round of pressure brought the index.

Currency market volatility jumps before U.S. election outcome
Currency market volatility jumps before U.S. election outcome.

Gauges for implied currency swings in the $6.6 trillion a day foreign exchange markets jumped to their highest levels in nearly seven months on Wednesday as traders anticipated more volatility before the outcome of the U.S. elections next week. Contracts.

Oil falls 2% as rise in U.S. crude stocks fans oversupply fears
Oil falls 2% as rise in U.S. crude stocks fans oversupply fears.

Oil prices slid about 2 percent on Wednesday, giving up most of the previous day’s gains, as a surge in U.S. crude stocks and growing coronavirus infections in the United States and Europe fanned fears of a supply glut and.

Dow futures fall more than 300 points as Wall Street grapples with rising Covid-19 cases, earnings
Dow futures fall more than 300 points as Wall Street grapples with rising Covid-19 cases, earnings.

U.S. stock futures fell early Wednesday morning following a mixed session in which traders weighed a recent uptick in coronavirus infections. Dow Jones Industrial Average futures traded 325 points lower. S&P 500 futures and Nasdaq-100 futures also traded in negative.

China’s young billionaires are riding the tech boom
China’s young billionaires are riding the tech boom.

China’s young billionaires amassed a combined fortune of more than $223 billion this year as the country enjoyed its fastest year of wealth accumulation, even as the world battles its worst economic crisis in decades. China had 60 billionaires below.

Looks like a ‘double top’ in the S&P 500, investor Mark Mobius warns
Looks like a ‘double top’ in the S&P 500, investor Mark Mobius warns.

The S&P 500 is forming a “double top” going into the U.S. election, which is a worrying sign for investors, according to veteran investor Mark Mobius. A double top is a bearish technical indicator, where an asset’s price hits two.

$1 trillion is a conservative market cap for Bitcoin, said investment CIO
$1 trillion is a conservative market cap for Bitcoin, said investment CIO.

Bitcoin (BTC) has recently seen ample interest from a number of mainstream companies and persons, such as billionaire hedge funder Paul Tudor Jones. This could be the beginning of a new wave of Bitcoin buyers, according to Brian Estes, chief.

US housing market continues to benefit from coronavirus
US housing market continues to benefit from coronavirus.

The US housing market continues to benefit from coronavirus through an ultra-soft monetary policy and lower spending for Americans who are mostly avoiding a drop in income. The FHFA Housing Price Index added 1.5% in August to an annual rate.

Has the U.S. stock market bubble started to blow?
Has the U.S. stock market bubble started to blow?.

U.S. indices were down by more than 3% during Monday. Although they were able to find buyer’s demand by the end of the session, the trend of slow decline has been in place for the past two weeks. At the.

Boris Johnson Hit by Lockdown Revolt From More Than 50 Tories
Boris Johnson Hit by Lockdown Revolt From More Than 50 Tories.

More than 50 of Boris Johnson’s own Conservative members of Parliament have demanded a clear route out of lockdown for parts of northern Britain that helped give his party a majority in last year’s election. In a letter to the.

BTC hash rate slumps amid seasonal miner migration in China
BTC hash rate slumps amid seasonal miner migration in China.

Mining data aggregators attribute a slump in Bitcoin’s hash rate to the end of the wet season in Sichuan, resulting in many miners migrating to other jurisdictions. On Oct. 26, Thomas Heller of Bitcoin (BTC) mining blog Hashr8 reported that.

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