Bitcoin price continued its weekend downturn today after bulls failed to stabilise footing above the $110,000 support level, triggering a wave of liquidations across exchanges as macro uncertainty in the US kept sentiment on edge. A significant chunk of value was wiped from crypto markets with total market capitalisation dropping roughly 3% to $3.68 trillion […]
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A crypto crash happened today, with Bitcoin and most altcoins continuing their recent downtrend. Bitcoin price plunged to a low of $104,130, down by 17% from its highest level this year. Other top altcoins like Aster, Aptos, World Liberty Financial, Cosmos, Toncoin, Sei, and Flare plunged by over 10% in the last 24 hours. All […]
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President Donald Trump announced a landmark agreement Thursday with pharmaceutical giants Eli Lilly and Novo Nordisk to dramatically slash prices for their blockbuster weight-loss drugs, potentially cutting monthly costs from over $1,300 to as low as $149. The deal marks a major victory for the administration’s “Most Favored Nation” pricing push and signals a turning […]
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Celsius Holdings Inc (NASDAQ: CELH) tanked well over 25% this morning even after the fitness and energy drinks specialist reported market-beating financials for its third quarter (Q3). What spooked investors was primarily a $247 million distributor termination charge related to its transition into PepsiCo’s distribution network. While substantial, it’s a one-time hit only – and […]
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Galaxy Digital has received a bullish endorsement from Morgan Stanley, which sees significant upside for the company as it strengthens its dual focus on artificial intelligence and digital assets. The investment bank initiated coverage of the stock with an overweight rating and a $42 price target, implying roughly 34% potential upside from Wednesday’s closing price. […]
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Argentina’s financial markets remained under pressure from persistent exchange rate pressures on Wednesday, as the squeeze on the Treasury accelerated due to the erosion of revenue from a special liquidation scheme with agricultural exporters. The Ministry of Economy has sold almost $1.6 billion over the past six sessions to support the weakening peso, according to […]
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The relentless US Dollar Index (DXY) sell-off experienced earlier this year has faded, and many hedge funds are betting in its comeback in the fourth quarter. The DXY Index was trading at $98.7 on Thursday morning, up from the year-to-date low of $96.24. Why the US Dollar Index has plunged this year The US Dollar […]
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The Japanese yen continued its strong plunge this week as investors braced for a return of Abenomics. The USD/JPY exchange rate rose to 153, its highest point since February 13, and up by about 10% from its lowest level this year. Why the Japanese yen is crashing The USD/JPY pair surged this week as investors […]
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US markets rebounded on Thursday, led by technology stocks, as investors reacted positively to strong corporate earnings and easing geopolitical concerns following news of an upcoming meeting between US President Donald Trump and Chinese President Xi Jinping. Meanwhile, Nvidia and Uber unveiled a major partnership in autonomous vehicle development, OpenAI announced a key acquisition aimed […]
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US stocks advanced on Friday after softer inflation data bolstered optimism that the Federal Reserve will maintain its rate-cutting trajectory, reinforcing hopes of continued economic support and higher equity valuations. The Dow Jones Industrial Average rose 228 points, or 0.5%, while the S&P 500 gained 0.6% to hit a new record. The Nasdaq Composite climbed […]
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