Bitcoin (BTC) is trading at $67,330.50, up 0.15% in the last 24 hours, with a trading volume of $16.3 billion. Retaining its top position on CoinMarketCap with a market cap of $1.33 trillion, Bitcoin’s current dynamics are fueling speculation.This Bitcoin price prediction explores whether Chinese whales are driving the recent surge amid the substantial trading...
The Canadian market ended lower on Wednesday as energy and materials shares reeled under selling pressure as oil and metal prices fell. Concerns about the outlook for interest rates weighed as well on sentiment. Data showing an unexpected increase in U.S. crude inventories in the week ended May 17th weighed on oil prices, and gold...
New Zealand will on Thursday release Q1 figures for retail sales, highlighting a busy day for Asia-Pacific economic activity. Sales are expected to slip 0.3 percent on quarter after falling 1.9 percent in the previous three months, while core retail sales are seen flat after losing 1.7 percent in Q4. Australia will see May figures...
A group of developers believes introducing programmability to the Bitcoin blockchain could drive the next rally for the largest cryptocurrency. While Bitcoin is currently seen as digital gold, with its primary use being a store of value, developers argue that the addition of programmability would unlock a range of functionalities and applications. Unlike its rival Ether, which allows for the creation of...
The total volume of retail sales in New Zealand was up a seasonally adjusted 0.5 percent on quarter in the first three months of 2024, Statistics New Zealand said on Thursday. That beat forecasts for a decline of 0.3 percent following the 1.9 percent contraction in the three months prior. By industry, the largest movements...
Bitcoin (BTC) halted its decline and regained traction, rising above $67,000 and reaching an intraday high of $67,600. After briefly dipping below $66,000, Bitcoin bounced back due to expectations of Federal Reserve rate cuts and increasing tensions in the Middle East, particularly following the helicopter crash involving Iran’s President. These factors have led investors to...
The South Korea stock market has moved lower in two straight sessions, slipping almost 20 points or 0.7 percent along the way. The KOSPI now sits just beneath the 2,725-point plateau and it may extend its losing streak on Thursday. The global forecast for the Asian markets is negative on a dimming outlook for interest...
Bitcoin’s price is poised to surge to new ATHs if it can successfully surpass the critical $67,500 level, which is currently acting as a significant resistance point. According to Markus Thielen, the head of research at 10x Research, breaking through this level could pave the way for a bullish rally. He said that the recent...
South Korean police officers have arrested 28 people they suspected of orchestrating a crypto investment fraud ring. Per Jose Geumyoong Shinmun and the broadcaster KBC, a raid was conducted by the Gwangju Metropolitan Police Agency’s Cyber Crime Investigation Unit. South Korean Police Arrest ‘Bogus Exchange Ringleaders’ Police spokespeople confirmed they had detained six of the...
The manufacturing sector in Australia continued to contract in May, and at a steady pace, the latest survey from Judo Bank revealed on Thursday with a manufacturing PMI score of 49.6. That\'s unchanged from the April reading, and it remains beneath the boom-or-bust line of 50 that separates expansion from contraction. Production levels fell for...