January 7, 2025
MicroStrategy kicks off 2025 with 1,070 Bitcoin purchase announcement
MicroStrategy, the biggest corporate Bitcoin holder, announced a fresh purchase of 1,070 BTC made in the last two days of 2024. The company revealed the purchase on Jan. 6, stating that it spent about $101 million in cash on December 30–31, 2024.
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January 6, 2025
Dogecoin outperforming other memecoins
Dogecoin has jumped 21% over the past week, outperforming other major memecoins. Shiba Inu, Pepe and Bonk were up 7%, 10% and 14%, respectively. The rally follows renewed interest from whales.
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January 6, 2025
Wall Street ends sharply higher with assist from tech
U.S. stocks rebounded as investors neared the end of a holiday-shortened week that also rang in a new year, which brought with it expectations of additional Federal Reserve rate cuts and looser regulatory policies from the incoming administration.
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January 6, 2025
Foxconn posts record fourth-quarter revenue on AI demand
Taiwan’s Foxconn, the world’s largest contract electronics maker, beat expectations to post its highest-ever revenue for the fourth quarter on continued strong demand for artificial intelligence servers. Revenue for Apple’s biggest iPhone assembler jumped 15.2% to $64.72 billion.
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January 3, 2025
Tesla shares tumble
Wall Street see-sawed amid choppy trading, reversing earlier gains as investors embarked on the new year facing the cross-currents of solid labor market data, a rising dollar and tumbling Tesla shares. Shares of Tesla plummeted 3.3% in the last session. According to the CCI, we are in an oversold market.Support: 351.38 | Resistance: 409.65
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January 3, 2025
Gold climbs to over two-week high on safe-haven demand
Gold hit a more than two-week high, fuelled by safe-haven buying, while the market took out positions ahead of the Federal Reserve’s rate outlook and President-elect Donald Trump’s looming trade tariffs. Spot gold rose 1.3%. The Gold-Dollar pair skyrocketed 1.1% in the last session. The MACD is giving a positive signal.XAU/USD skyrocketed 1.1% in the […]
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