Final inflation from Italy and economic forecast from Switzerland are due the top economic news due on Monday. At 3.00 am ET, the State Secretariat for Economic Affairs is scheduled to issue Swiss economic forecast. In the meantime, producer price data is due from the Czech Republic. At 4.00 am ET, Italy\'s statistical office ISTAT...
US spot Bitcoin exchange-traded funds (ETFs) have experienced a resurgence of fresh capital, reversing a streak of consecutive net outflows over the past week. According to data from Farside Investors, the ten approved spot Bitcoin ETFs saw a combined net inflow of $418 million on March 26, with BlackRock’s and Fidelity’s funds leading the way. Fidelity’s...
Continuing to recovery from recent weakness, the value of the U.S. dollar has moved moderately higher during trading on Friday. The U.S. dollar index is rising 101.69 points or 0.3 percent to 101.69, climbing further off its worst levels in over a year seen on Tuesday. Currently, the greenback is trading at 146.13 yen versus...
The U.S. Food and Drug Administration has warned against certain over-the-counter analgesic or pain relief products by six companies citing potential for dangerous health effects. These products are marketed for topical use to relieve pain before, during or after certain cosmetic procedures, such as microdermabrasion, laser hair removal, tattooing and piercing. Some of these products...
The global cryptocurrency market experienced significant turbulence and challenges throughout 2019. From late 2018 to early 2019, a downward trend in Bitcoin prices prompted concerns regarding the industrial outlook. Uncertainty in regulatory environments, apprehensions about exchange security, and wavering investor confidence emerged as primary obstacles for the cryptocurrency sector. However, with the revival of digital finance...
The manufacturing sector in Australia continued to contract in May, and at a steady pace, the latest survey from Judo Bank revealed on Thursday with a manufacturing PMI score of 49.6. That\'s unchanged from the April reading, and it remains beneath the boom-or-bust line of 50 that separates expansion from contraction. Production levels fell for...
The popular cryptocurrency exchange Coinbase experienced a major outage today, causing a brief dip in Bitcoin’s price. Interestingly, this crash has fueled fresh speculation about a potential Bitcoin bull run. The market appears to be drawing parallels with previous Coinbase crashes, which preceded major surges in Bitcoin’s price. Between 12:15 PM ET and 12:30 PM...
The US House on Thursday approved a bill that prohibits the Federal Reserve from issuing a digital dollar, or central bank digital currency (CBDC), without explicit authorization from Congress. This legislation, known as the CBDC Anti-Surveillance State Act (HR 5403), passed with a vote of 216 to 192. Republicans voiced worries that a US CBDC...
A highly anticipated report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased in line with estimates in the month of July. The Labor Department said its consumer price index rose by 0.2 percent in July after edging down by 0.1 percent in June. The modest increase by consumer prices...
In April 2024, Bitcoin faced its sharpest price drop since the FTX collapse, with halving charts in focus, but network activity soared to record highs, driven by new protocols and ETF developments. This report explores and analyzes Bitcoin’s ecosystem and the BTC price developments last month. Key takeaways: The Bitcoin price dropped following the fourth...