The Japanese yen strengthened against other major currencies in the Asian session on Monday, after data showed that Japan\'s gross domestic product expanded in the fourth quarter of 2023. Data from the Cabinet Office showed that Japan\'s gross domestic product expanded a seasonally adjusted 0.1 percent on quarter in the fourth quarter of 2023. That...
However, recent doji and spinning top candles on the 4-hour chart indicate market indecision. Despite this, Bitcoin’s trend remains bullish above $65,050, with potential for a significant downtrend if it dips below this critical threshold. Top 15 Cryptocurrencies to Watch in 2023 Stay up-to-date with the world of digital assets by exploring our handpicked collection...
Japan\'s economy posted growth in the fourth quarter underpinned by business investment, while a recession was initially estimated, revised data from the Cabinet Office showed Monday. Gross domestic product posted an annual growth 0.4 percent in the fourth quarter compared to the previous estimate of 0.4 percent decline. This followed a 3.2 percent contraction in...
Asian stocks turned in a mixed performance on Monday after the latest U.S. jobs report sent mixed signals about the state of the world\'s largest economy. While a stronger yen pressured Japanese stocks, encouraging inflation data helped spur buying in mainland Chinese and Hong Kong. A weaker dollar helped lift gold prices to another record...
BitMEX founder and American crypto billionaire Arthur Hayes joined anonymous developer Domo, creator of the Bitcoin BRC-20 token standard, in a $3 million pre-seed funding round for Bitcoin Ordinals wallet Oyl. Crypto asset manager Arca led the round. Other backers include Kanosei and FlamingoDAO. On launching in the coming weeks, Oyl will offer “in-wallet” Ordinals trading....
Wall Street Investment firm Goldman Sachs (GS) adjusted its bearish stance on Coinbase on March 7 by upgrading COIN’s stock position from sell to neutral. This shift in position followed the recent bitcoin price uptrend, which set a new all-time high of $69,225.37 on Wednesday. Goldman Sachs responded to this price rally by increasing the...
European stocks closed broadly lower on Monday with investors choosing to wait for some crucial data, including U.S. Consumer and producer prices reports, and largely refraining from making significant moves. After February U.S. payroll figures exceeded expectations, investors now look ahead to the release of key U.S. consumer price inflation and producer price data this...
BlackRock, the world’s leading asset manager, announced on March 7 its decision to include spot Bitcoin exchange-traded funds (ETFs) in its popular Global Allocation Fund (MALOX) for retail investors. Its recent filing with the U.S. Securities and Exchange Commission (SEC) signaled BlackRock’s strategic shift toward cryptocurrency investments. BlackRock Global Allocation Fund Portfolio The asset manager’s...
K Bank, a South Korean neobank that has seen rapid growth thanks laregely to its crypto operations, is set to make an initial public offering (IPO) bid. Unnamed financial sector officials said on March 10 that K Bank’s board of directors has signed off on the move. The goal bank now reportedly has the “goal...