December 27, 2024
Dollar gains on yen on bets of US growth, inflation
The U.S. dollar hit a five-month high against the Japanese yen on expectations the greenback would be boosted next year by policies by the incoming Donald Trump administration that are expected to boost growth and lift inflation. The Dollar-Yen price remained largely unchanged in the last session. According to the Williams indicator, we are in […]
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December 27, 2024
Ethereum price falls, but data shows ETH bulls are still in control
Ether’s price dropped to under $3400, erasing gains from the previous days. This movement followed a 4% decline in Bitcoin and triggered $34 million in liquidations of leveraged ETH longs. Investors grew more risk-averse as signs of weakness emerged in the United States job market.
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December 24, 2024
MicroStrategy bags another 5.2K Bitcoin
Corporate Bitcoin investor MicroStrategy continued aggressive Bitcoin buying last week in line with the founder’s pledge to keep accumulating the asset at peak prices. MicroStrategy acquired 5,262 BTC between Dec. 16 and 22, pouring roughly $561 million into the asset. The Bitcoin-Dollar pair fell 1.6% in the last session after gaining as much as 1.3% […]
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December 24, 2024
Dollar bounces from inflation data drop
The dollar advanced after a drop in the prior session while the euro edged lower, as market moves were being dictated by recent global central bank meetings that set expectations for diverging rate cut paths next year.
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December 24, 2024
Apple approaches $4 trillion valuation as investors bet on AI momentum
Apple is closing in on a historic $4 trillion stock market valuation, powered by investors cheering progress in the company’s long-awaited AI enhancements to rejuvenate sluggish iPhone sales. The company has pulled ahead of Nvidia and Microsoft in the race to the monumental milestone. Apple’s stock made a minor downwards correction in the last session, […]
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December 23, 2024
China leaves rates unchanged, weaker yuan limits easing
China left its benchmark lending rates unchanged as expected at the monthly fixing on Friday. The one-year loan prime rate was kept at 3.10%, while the five-year LPR was unchanged at 3.60%.
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