Joblessness in German grew more than expected in June and the unemployment rate edged up, preliminary figures from the Federal Labor Agency showed Friday. The seasonally adjusted unemployment grew by 19,000 persons in June following a 25,000 increase in May. Economists had forecast a rise of 15,000. The jobless rate rose to 6.0 percent after...
The U.S. dollar declined against its major counterparts in the New York session on Friday, as PCE inflation data came in line with economist estimates in May. The personal consumption expenditures (PCE) price index came in unchanged in May after rising by 0.3 percent in April. The unchanged reading matched expectations. The core PCE price...
Canadian stocks are turning in a mixed performance on Friday with investors digesting the nation\'s GDP data, and the Personal Consumption Expenditure report from the U.S. The benchmark S&P/TSX Composite Index is down 19.51 points or 0.09% 21,922.65 about a quarter past noon. The index touched a high of 22,050.29 earlier in the session. Kinaxis...
Overall private sector credit in Australia was up 0.4 percent on month in May, the Reserve Bank of Australia said on Friday - in line with expectations and easing from 0.5 percent in April. On a yearly basis, overall private sector credit was up 5.2 percent. Housing credit added 0.4 percent on month and 4.6...
The Thai stock market has moved higher in three straight sessions, gathering more than 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,320-point plateau although it\'s likely to head south on Wednesday. The global forecast for the Asian markets is a mixed bag, with weakness...
Bitcoin (BTC) has struggled to halt its losing streak, trading around the $60,750 level and reaching an intra-day low of $60,752. This recent decline in Bitcoin’s price can be attributed to several factors, including significant BTC transfers by the German government and ongoing regulatory challenges faced by major crypto exchanges. Despite these pressures, recent surprise...
Bitcoin mining has become as cost-intensive as ever since the halving, with the asset’s “hashprice” at its lowest levels ever over the past two months, according to Hashrate Index data. The Difficulties Of Bitcoin Mining Hashrate Index data shows the hashprice was $92.20 per petahash/second (PH/s), per day as of April 19 – the day...
In the latest Bitcoin price prediction, BTC has surpassed the $61,500 mark, coinciding with a milestone where over one million addresses now hold at least one full Bitcoin. This surge underscores the growing trust in Bitcoin’s value and an upward trend in its long-term investment appeal. The expansion in the number of wholecoiners highlights Bitcoin’s...
Bitcoin miner CleanSpark Inc. has officially entered into a merger agreement with GRIID Infrastructure Inc., acquiring GRIID in an all-stock transaction valued at $155 million. The merger is expected to improve CleanSpark’s capabilities through an exclusive hosting agreement available through GRIID. As part of the agreement, 20 megawatts will be allocated to CleanSpark immediately, increasing...
Bitcoin (BTC) recently halted its losing streak and gained mild bullish traction around $61,500, reaching an intraday high of $62,150, suggesting chances of a bullish Bitcoin price prediction. This upward trend is linked to softer US macroeconomic data, which increased speculation about an impending Federal Reserve rate-cutting cycle this year, prompting a short-covering rally in...