Pi Network price has been in a strong uptrend this week as investors bought the dip and cheered the rumors of its ISO certification. It rose to a high of $0.2918, up by 87% from its lowest level this month. This article explores why the Pi crypto jumped and what to expect in the near […]
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US-listed spot Bitcoin exchange-traded funds (ETFs) saw net outflows of $470 million on Wednesday as Bitcoin briefly dropped to $108,000 before recovering, according to data from Farside Investors. The withdrawals marked a reversal after two consecutive days of inflows earlier in the week. Date IBIT FBTC BITB ARKB BTCO EZBC BRRR HODL BTCW GBTC BTC […]
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The cryptocurrency market has been extremely volatile in the last 24 hours after the FOMC meeting. While analysts expected a pump in Bitcoin’s price, the market turned red, with over $300 million worth of leveraged positions liquidated from the market within hours. Fed cuts interest rate, Bitcoin tumbles to $108k The primary event of October […]
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Amazon Web Services is experiencing growth so extraordinary that even seasoned market analyst Jim Cramer is reaching for superlatives. While speaking with InsiderMonkey, the veteran investor called Amazon’s cloud division’s expansion “some of the most profitable growth the world has ever seen,” particularly after the company reported a 20% growth rate off a $132 billion […]
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Oil prices edged up on Thursday, boosted by concerns over supply as sanctions on Russian oil weighed on sentiments. Meanwhile, gold prices were back above the coveted $4,000-per-ounce mark after a few sessions in the red. Silver on COMEX also rose, tracking the upward movement in the yellow metal on Thursday. Additionally, base metal prices […]
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Broadcom stock price has done well this year, helped by the ongoing AI tailwinds that have turned it into a $1.57 trillion juggernaut. It has jumped by 160% from its lowest level in April when Donald Trump unveiled his reciprocal tariffs. AVGO now trades at $358, a few points below the all-time high. AVGO business […]
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The Swedish krona held steady against the US dollar after the Riksbank delivered its interest rate decision on Tuesday. The USD/SEK pair was trading at 9.34, down about 17% from the highest level in December last year. Riksbank interest rate decision The USD/SEK exchange rate continued falling on Tuesday even as the Riksbank delivered another […]
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The Indian rupee continued its strong downward momentum, reaching its all-time low as concerns about the economy persisted. The USD/INR exchange rate soared to 88.7, up by almost 6% from its lowest level in April this year. Why the Indian rupee is plummeting The USD/INR exchange rate has been in a strong uptrend this year, […]
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The AUD/NZD exchange rate continued its strong rally, reaching a three-year high as concerns about the Reserve Bank of Australia (RBA) rose. The pair soared to a high of 1.1310, in its eighth consecutive week, up by over 6.16% from its lowest level in June this year. RBA and RBNZ divergence continues The AUD to […]
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US equities have been on a bull run since, well, take your pick. The Great Financial Crisis low of March 2009, when the S&P 500 hit the devilish level of 666? Or maybe from March 2020, when the world shut down as the COVID crisis took hold. Dot-com bust, anyone? There’s an awful lot of […]
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