Top market analysts hinted that Bitcoin still has more upside amid the recent selloff.Altcoin rally is imminent as Bitcoin dominance may fall soon. Bitcoin (BTC), the world’s leading cryptocurrency, has declined by over 10% since the beginning of the week. Despite this decline, Economist Henrik Zeberg is optimistic about the flagship cryptocurrency. Henrik Zeberg Says...
Bitcoin dominance sets the pace, but altcoins are primed for greater percentage gains in the crypto market cycle.Altcoin performance historically follows Bitcoin’s rise, offering exponential growth opportunities for diversified portfolios. The concept of a “Bitcoin-only cycle” has recently gained traction, aided by bullish triggers surrounding Bitcoin. But upon closer inspection, this assertion falls short, as...
Jobubu Jarum Minahasa Tbk (BEER), an alcoholic beverage manufacturer, has launched a new variant of its wine, Anggur Pink (pink wine or rosé), which is believed to have an extensive market niche. Audy Charles Lieke, President Director of BEER, said that Anggur Pink is a continuation of a series of new product variant launch in...
JAKARTA – Jakarta Stock Price Composite Index (JCI) shifted positively at the beginning of today’s (8/11) session, following the Fed’s decision to lower the interest rate by 25 basis points (bps) yesterday (7/11) local time. Monitoring the board, the index shifted upwards to 7,321.96 at 11 AM WIB, from 7,294.03 seen at the opening bell...
Tera Data Indonusa Tbk (AXIO), a computer manufacturer and trading company, will initiate an interim dividend distribution of IDR 5 per share or IDR 29.2 billion in total. Michael Sugiarto, President Director of AXIO, mentioned that the plan is in line with the decision made by the board of directors a couple of days ago....
JAKARTA - Through PT OCBC Sekuritas Indonesia and PT Trimegah Sekuritas Indonesia Tbk, individual investor Ling Sun purchased 150.17 million shares of PT Koka Indonesia Tbk (KOKA) on Tuesday, November 5. Ling Sun has bought 5.25% of the shares in the issuer, which is a heavy construction and civil engineering firm. Yulisar Khiat, another individual...
JAKARTA – PT Bank Pembangunan Daerah (BPD) Jawa Timur Tbk (BJTM) or Bank Jatim is ready to stand as a holding bank of Banking Business Group (lit. Kelompok Usaha Bank/KUB), overseeing five regional banks. These five banks in question include Bank NTB Syariah, Bank Lampung, PT BPD Banten Tbk (BEKS), Bank Sultra, and Bank NTT....
Japans gross domestic product expanded by a seasonally adjusted 0.2 percent on quarter in the third quarter of 2024, the Cabinet Office said in Fridays preliminary report. That was in line with expectations and down from 0.7 percent in the second quarter. On an annualized basis, GDP was up 0.9 percent - down from 2.9...
The China stock market has alternated between positive and negative finishes through the last seven trading days since the end of the two-day winning streak in which it had spiked more than 110 points or 3.3 percent. The Shanghai Composite now sits just beneath the 3,380-point plateau and it may take further damage on Friday....
The Hong Kong stock market has moved lower in five straight sessions, slumping more than 1,600 points or 7.6 percent along the way. The Hang Seng Index now sits just beneath the 19,435-point plateau and its got another negative lead for Fridays trade. The global forecast for the Asian markets is soft on concerns over...