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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December 23, 2024
Bitcoin social sentiment drops to yearly low
Social sentiment around Bitcoin has hit its lowest point in 2024, which could signal an incoming recovery above the $100,000 mark for the world’s largest cryptocurrency. Bitcoin’s price is currently down over 10% from its all-time high. The Bitcoin-Dollar pair plummeted 1.3% in the last session. According to the Stochastic-RSI, we are in an oversold […]
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December 23, 2024
China’s Nio says new Firefly EV to go on sale in Europe in H1 2025
China’s Nio said it would launch its new Firefly electric vehicle brand in Europe early in the first half of 2025, betting that it would help the company overcome European Union tariffs. Nio unveiled the Firefly brand on Saturday and touted it as a rival product to Mercedes’ Smart and BMW’s Mini. NIO shares gained […]
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