Technical indicators reveal a mixed sentiment. The Relative Strength Index (RSI) stands at 73, indicating that Bitcoin may be entering overbought territory. The MACD’s value at -94 versus a signal of 1058 suggests a nuanced market dynamic, possibly hinting at upcoming momentum shifts. Notably, Bitcoin’s break above the ascending triangle pattern at the $63,250 level,...
The newly listed BlackRock iShares Bitcoin ETF trading under the ticker symbol “IBIT” has overtaken the iShares Silver Trust reaching $10 billion in assets under management (AUM). The rising interest in Bitcoin has pushed the iShares Silver Trust launched in April 2006 trading under the ticker symbol “SLV” lower down the leaderboard. The silver trust...
Indian shares traded sharply higher on Friday after the Federal Reserve\'s preferred inflation gauge met consensus forecasts, helping ease concerns surrounding interest-rate cuts. Strong Q3 GDP data also boosted investor sentiment. The benchmark S&P BSE Sensex was up 675 points, or 0.9 percent, at 73,175 in early trade while the broader NSE Nifty index was...
Falconer, New York-based MF Meats is recalling around 93,277 pounds of raw meat products citing potential contamination with a non-food grade substance, the U.S. Department of Agriculture\'s Food Safety and Inspection Service or FSIS announced. The affected products may have been contaminated with non-food grade mineral seal oil, which is not approved for use in...
On February 29, Hong Kong’s Securities and Futures Commission (SFC) closed its crypto licensing portal, setting a May 31 deadline for non-compliant exchanges to cease operations. Exchanges that missed the deadline must shut down by May 31, according to a pop-up message on the Hong Kong SFC website. 22 Crypto Exchanges Applied For Hong Kong...
Inflation, unemployment and final manufacturing Purchasing Managers\' survey results from the euro area are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, the UK Nationwide house price data is due for February. Economists forecast house prices to grow 0.7 percent annually after easing 0.2 percent in January....
On February 29, crypto exchange Coinbase unveiled two new wallet solutions, focusing on simplifying the onboarding process for newcomers to crypto. A tweet from Coinbase Wallet revealed the upcoming launch of a smart wallet and embedded wallet features. The biggest barrier to growing onchain adoption is the complexity of onboarding. We’re excited to introduce our smart...
European stocks may open on a positive note Friday as January U.S. inflation data reinforced expectations for a June cut to interest rates. Eurostat will release Eurozone Harmonized Index of Consumer Prices (HICP) data for February later today and it is likely that the data would strengthen the case for the European Central Bank to...
Crypto hedge fund LedgerPrime, once linked to the bankrupt FTX crypto exchange, has relaunched under the name MNNC Group according to a February 29 Bloomberg report. As reported by Bloomberg, the rebooted crypto hedge fund has raised an investment amount in the “mid-eight-figures.” A New Start for Former FTX-Affiliated Employees LedgerPrime was forced to cease...
The Chinese yuan weakened against the U.S. dollar in the Asian session on Friday. In economic news, data from Caixin showed that the manufacturing sector in China continued to expand in February, and at a slightly faster rate, with a manufacturing PMI score of 50.9. That\'s up from 50.8 in January, and it moved further...