The crypto market remained on edge today, Nov. 5, with Bitcoin and other altcoins continuing their downtrend. The market capitalization of all tokens fell to $3.39 trillion, a trend that may continue as futures open interest fall. This article provides a forecast for top cryptocurrencies like ZKsync (ZK), Monero (XMR), and Ripple (XRP). ZKync price […]
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The cryptocurrency market is showing signs of stabilisation on Wednesday following the market-wide correction earlier in the week. Bitcoin temporarily dropped below $100k on Tuesday but is now trading above $101k. The leading cryptocurrency is now consolidating around its key support level, suggesting that traders could troop into the market amid easing volatility. BTC dips […]
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Bearish momentum across the market pushed Bitcoin to multi-month lows below $100,000 today. The total crypto market cap slipped to levels last seen in July, falling from intraday highs of around $3.56 trillion to $3.39 trillion during early Asian trading hours. It later recovered above the $3.5 trillion mark by the end of the session. […]
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Asset manager Bitwise has filed an 8(a) form for its proposed Dogecoin exchange-traded product. According to Bloomberg’s ETF analyst Eric Balchunas, the ETF adopts an approach that could automatically make it effective within twenty days if the US SEC doesn’t object. Eric Balchunas @EricBalchunas ·Follow Looks like Bitwise is doing the 8(a) move for their […]
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Overnight news developments spanned technology, trade, and diplomacy, as Tesla’s Elon Musk projected progress in China, Apple contended with a high-profile streaming disruption, and US President Donald Trump announced a wave of foreign investments. The day also brought signs of a thaw in US-India relations, with Trump signalling willingness to visit New Delhi amid improving […]
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The FTSE 100 Index held steady near its all-time high as the Bank of England delivered its interest rate decision and as several important companies like BT, National Grid, and AstraZeneca published their financial results. It has jumped by 29% from its lowest level in April. FTSE 100 Index steady after BoE decision The FTSE […]
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The Turkish lira continued its slow downtrend and reached its all-time low as traders waited for the upcoming interest rate decision. The USD/TRY exchange rate rose to 41.94, up by almost 20% from its lowest point this year. It has soared by over 450% in the last five years. Why the Turkish lira is crashing […]
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The Indian rupee has bounced back in the past two weeks, making it one of the top-performing currencies in the emerging market. The USD/INR exchange rate ended the week at 87.98, down by over 1% from its highest point this year. Still, it remains about 5% above the lowest level this year. The Indian rupee […]
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The Russian ruble has rebounded this year, becoming one of the best-performing currencies. The USD/RUB exchange rate was trading at 81.05 on Friday, down by almost 30% from its highest point in January. Russian Ruble waits for central bank decision The Russian ruble will be in the spotlight this week as the country’s central bank […]
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US stocks began November on a positive note, with technology shares leading gains across major indexes. The S&P 500 rose 0.5%, the Nasdaq Composite advanced 1%, and the Dow Jones Industrial Average added 18 points. Micron Technology climbed 5%, pacing a broader rally in chipmakers. Nvidia and AMD were up about 3% and 1%, respectively, […]
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