Bitcoin’s current market position has sparked renewed interest in Bitcoin price prediction. Trading at $67,836.31 with a 24-hour trading volume of $42.4 billion, Bitcoin has dipped 2.27% in the last 24 hours. As the leading cryptocurrency with a market cap of $1.3 trillion, its movements are closely watched, with traders focusing on key resistance and...
Japan will on Tuesday release May figures for producer prices, highlighting a modest day for Asia-Pacific economic activity. Producer prices are expected to rise 3.0 percent on year, accelerating from 2.8 percent in the previous month. Japan also will see May figures for its leading and coincident indexes; in the previous month, they were up...
Indian shares eked out modest gains on Monday to close at record highs, with oil & gas stocks and PSU banks outperforming. Investors shrugged off data that showed India\'s wholesale price inflation accelerated further in June to the highest level in nearly one-and-a-half years amid increases in prices in a wide range of categories. According...
European stocks closed higher on Thursday with investors reacting positively to the European Central Banks monetary policy statement, and U.S. producer price inflation data. The ECB reduced its key interest rates by 25 basis points, as expected, as the euro area growth is expected to slow on weaker demand and core inflationary pressures remain high,...
Telecommunications company Vodafone is taking steps to leverage SIM card technology in order to meet the expected surge in demand for crypto transactions on mobile phones. In an interview with Yahoo Finance Future Focus, David Palmer, Vodafone’s blockchain lead, revealed that the company is pushing to advance the use of blockchain technology on mobile devices for managing...
The European Central Bank is widely expected to lower its key interest rates on Thursday as concerns about the growth outlook heightened amid inflation falling below the 2 percent target. The bank is forecast to cut the key rates by 25 basis points today after a similar reduction last month. The deposit facility rate, which...
The Indonesia stock market has moved higher in back-to-back sessions, advancing more than 45 points or 0.6 percent along the way. The Jakarta Composite Index now sits just beneath the 7,330-point plateau although it may run out of steam on Thursday. The global forecast for the Asian markets is one of caution ahead of key...
India\'s economic growth improved strongly to 8.4 percent year-on-year in the December quarter from 7.6 percent in the previous three months, preliminary estimates from the statistics ministry showed Thursday. Economists had forecast the growth rate to slow to 6.6 percent. Manufacturing registered double-digit growth of 11.6 percent in the December quarter, followed by 9.5 percent...
The Singapore stock market has finished lower in three straight sessions, slumping more than 55 points or 1.5 percent along the way. The Straits Times Index now sits just above the 3,580-point plateau although it may stop the bleeding on Friday. The global forecast for the Asian markets is positive on continued optimism over the...
Between Representatives Cynthia Lummis and Kirsten Gillibrand’s new stablecoin bill and Congresswoman Maxine Waters’ renewed optimism in stablecoin legislation, will a new law regulating the fiat-pegged cryptocurrencies be enacted anytime soon? Cody Carbone, Chief Policy Officer at The Digital Chamber, said last week that he would only give the odds of any stablecoin legislation passing...