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Market Overview - Page 291


$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.

Whale alert — crypto user moves $1.1B in Bitcoin
Whale alert — crypto user moves $1.1B in Bitcoin.

With Bitcoin’s price continuing to hold close to $13,000, one crypto wallet has moved more than $1 billion of the digital asset. According to on-chain data, a Bitcoin (BTC) wallet holder moved more than 88,857 BTC — worth roughly $1.15.

China’s economic growth seen hitting 44-year low in 2020, bounce 8.4% in 2021: Reuters poll
China’s economic growth seen hitting 44-year low in 2020, bounce 8.4% in 2021: Reuters poll.

China’s economy is expected to grow at its weakest pace in over four decades even as it steadily recovers from a coronavirus-induced dive earlier this year, but overall output could rebound sharply in 2021, a Reuters poll showed. The world’s.

Stock market turbulence could last until the election, followed by a relief rally, strategists say
Stock market turbulence could last until the election, followed by a relief rally, strategists say.

The stock market turbulence could be a setup for a post-election rally. The roughly 2% decline in stocks Monday came amid new worries about the coronavirus, as average daily cases hit a record high in the U.S. At the same.

Chinese companies are leading the global IPO rush amid a ‘flight from uncertainty’
Chinese companies are leading the global IPO rush amid a ‘flight from uncertainty’.

Chinese companies are piling into what they see as a window of opportunity to raise billions from global stock markets, amid a host of uncertainties from the coronavirus pandemic to political tensions. Just take Alibaba-affiliated fintech giant Ant Group, which.

U.S. dollar rises on coronavirus surge, U.S. stimulus worries
U.S. dollar rises on coronavirus surge, U.S. stimulus worries.

The U.S. dollar gained on Monday, rising for a second straight session, bolstered by safe haven bids amid surging coronavirus cases in Europe and the United States as well as a lack of progress on a U.S. stimulus package. The.

Oil drops on rising virus cases, increasing Libyan output
Oil drops on rising virus cases, increasing Libyan output.

Oil prices fell on Monday, extending last week’s losses, as increasing coronavirus cases in the United States and Europe raised worries about energy demand, while Libya’s fast growing production also weighed on prices. Brent was down 80 cents, or 1.9%,.

Lira Weakens Past 8 per Dollar as Currency Rout Deepens
Lira Weakens Past 8 per Dollar as Currency Rout Deepens.

Turkey’s lira weakened through 8 per dollar for the first time amid deepening skepticism over the central bank’s efforts to shore up the currency at a time of rising geopolitical tensions. The lira fell as much as 1.3% to 8.0667.

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