Market Overview - Page 268

China’s consumer price index fell in November for the first time in about a decade as food prices dropped. The consumer price index, a measure of inflation that tracks prices for a basket of consumer goods and services, fell 0.5%.

BBVA, the second-largest bank in Spain, with about $840 billion in assets, is poised to enter the cryptocurrency trading and custody space, according to two people familiar with the plans. The Spanish bank will begin its crypto offering out of.

Institutional investors will play an important role in securing the future of cryptocurrencies like Bitcoin (BTC), according to Erik Voorhees, CEO and founder of ShapeShift.io. In a panel discussion at this year’s LaBitConf, Voorhees said Bitcoin’s adoption curve will grow.

The world’s largest publicly traded business intelligence firm, MicroStrategy has announced plans to invest the proceeds from a $400 million securities offering into Bitcoin. On Dec. 7, the firm revealed plans to issue $400 million in convertible senior notes —.

Gold futures finished higher on Monday, with prices for the haven metal getting a strong lift from progress toward another coronavirus aid package and the further spread of COVID-19 in the U.S. Prices for the metal moved up “on some.

U.K. Prime Minister Boris Johnson will head to Brussels for urgent talks with European Commission President Ursula von der Leyen, amid growing fears on both sides that Brexit trade talks will fail. The two spoke on Monday evening and agreed.

Fresh all-time highs appear to be making the “smart money” anxious on Wall Street. A gauge of so-called smart-money interest in stocks was at its lowest level in a year, even as equity benchmarks, though softening in Monday action, were.

Stock futures fell early Tuesday as traders kept an eye on negotiations for additional fiscal stimulus while the U.S. coronavirus caseload continues to rise. Dow Jones Industrial Average futures dipped 84 points, or 0.28%. S&P 500 futures lost 0.33% and.

Asia-Pacific markets traded mixed on Tuesday as investors remained cautious over rising coronavirus cases, U.S. stimulus negotiations as well as Brexit talks between the U.K. and the European Union. Japan’s Nikkei 225 fell 0.34% while the Topix index was down.

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.