After opening marginally up, the Switzerland market held firm and ended on bright note on Friday thanks to sustained buying at several counters. Continued optimism about interest rate cuts in the second quarter by major central banks, including the Federal Reserve, helped underpin sentiment. The benchmark SMI ended with a gain of 71.77 points or...
Well-known auction houses that typically offer rare coins, famous artworks, and other popular assets for collectors to bid on have started capitalizing on physical Bitcoin (BTC). Both Stack’s Bowers Galleries and Heritage Auctions are presenting “physical cryptocurrencies” as part of their upcoming showcases, highlighting collector interest in tangible coins representing popular digital assets. James McCartney,...
The Canadian market ended modestly lower on Friday, weighed down a bit by the mixed batch of economic data from Canada and the U.S. Consumer staples and energy stocks closed a bit weak. Shares from the rest of the sectors ended mixed. The benchmark S&P/TSX Composite Index, which climbed to 21,892.06 - a fresh 52-week...
Bitcoin (BTC) is following a years-long bull trend which, if it continues, could see the coin double in price within the next few weeks alone, according to one analyst. Pomp Investments founder Anthony Pompliano believes the digital currency could reach $138,000 in short order after conclusively breaking its previous all-time high of $69,000. The asset...
Japan will on Monday release Q4 numbers for gross domestic product, highlighting a light day for Asia-Pacific economic activity. In the previous quarter, GDP was down 0.1 percent on quarter and 0.4 percent on year. Also, the markets in Indonesia are closed until Wednesday in observance of the Hindi Saka New Year.
Bitcoin’s price prediction takes center stage as Bitget’s Managing Director, Gracy Chen, forecasts a potential climb to $120,000 – $140,000. This bold prediction hinges on recent ETF net inflows, suggesting an imminent rally. With Bitcoin currently trading near $67,000 and showing signs of resilience after a sharp pullback, the stage is set for what could...
The South Korea stock market has moved higher in back-to-back sessions, collecting almost 40 points or 1.6 percent along the way. The KOSPI now rests just above the 2,680-point plateau although it may run out of steam on Monday. The global forecast for the Asian markets is soft, with energy and technology stocks likely to...
Digital Currency Group (DCG) founder and CEO Barry Silbert proposed a possible merger of Genesis and Gemini according to an email exchange back in 2022, recent court filings show. Back then DCG owned the now-bankrupt crypto lender Genesis. If the proposed “commercial partnership” had gone ahead the plan would have been to compete with cryptocurrency...
Arkham Intelligence has allegedly pinpointed the Bitcoin addresses belonging to Tesla and SpaceX, with holdings valued at over $1.3 billion. According to Arkham’s announcement on social media, the crypto intelligence firm claimed to have identified Tesla and SpaceX’s Bitcoin addresses through a meticulous analysis. They suggested these addresses align with the companies’ previous financial statements....
The Australian dollar weakened against other major currencies in the Asian session on Monday, as Asian stock markets traded lower, following the broadly negative cues from Wall Street on Friday, as traders reacted to mixed U.S. monthly jobs data and are cautious ahead of the release of key U.S. inflation data on Tuesday that could...