Recently, Bitcoin reached a historic peak of $69,000, marking not only a milestone for Bitcoin itself but also a significant indicator of the maturity of the cryptocurrency market. DAYPPX believes that this price surge is the result of multiple factors working in tandem, including increased market demand, heightened investor confidence, and technological advancements. Increased Market...
The British pound strengthened against other major currencies in the European session on Friday, after data showed that U.K. retail sales logged an unexpected growth in September on higher sales of technology products. Positive retail sales statistics may impact conjecture over the Bank of England (BoE) rate-cut trajectory. Data from the Office for National Statistics...
On Friday, Wolfe Research raised its rating for Gates Industrial Corp. (NYSE:GTES) from Peerperform to Outperform on the stock, setting a price target of $20.00. The firm anticipates that the upcoming Gates investor event will follow a similar structure to the one held in March 2022, focusing on growth initiatives, operational excellence, and capital allocation....
The European Central Bank left the key interest rates unchanged on Thursday and lowered both the inflation and growth forecast for the euro area for this year. The Governing Council, led by ECB President Christine Lagarde, maintained the main refinancing rate, or refi, at 4.50 percent, as expected. The deposit facility rate was left unchanged...
Standard Chartered predicts Ethereum (ETH) could hit $10K and Bitcoin (BTC) could reach $200K under a Trump-led administration, fueled by crypto-friendly policies and regulatory changes.Standard Chartered forecasts a fourfold increase in the total crypto market cap by 2026, potentially reaching $10 trillion, driven by institutional participation and regulatory shifts. Following Donald Trump’s recent election victory,...
The open-sourced decentralized blockchain platform Tezos Foundation has partnered with Magic to enhance the onboarding process for decentralized applications (dApps). According to a press release shared with Cryptonews.com, the partnership will leverage Magic’s wallet solutions and Tezos’ blockchain to streamline the user experience, focusing on simplifying processes for web3 applications. "For the past 12 months,...
French stocks were seeing modest gains on Tuesday ahead of final inflation figures from the euro area due later in the day. The benchmark CAC 40 was up 12 points, or 0.2 percent, at 7,514 after climbing 0.7 percent in the previous session. The dollar hovered near a seven-month low amid bets the U.S. Federal...
In response to the phased implementation of the European Union (EU) Markets in Crypto-Assets Regulation (MiCA), the Central Bank of Latvia introduced a pre-licensing consultation service for local crypto-asset service providers (CASPs) in the country, according to an August 29 press release. As part of Latvia’s efforts to align with MiCA, the initiative provides free...
French stocks were a tad lower on Wednesday after strong U.S. retail sales data released overnight dampened expectations of large rate cuts by the Federal Reserve. The release of euro area final inflation numbers as well as the much-anticipated Federal Reserves decision on interest rates may influence trading sentiment as the day progresses. The benchmark...
French stocks traded lower on Wednesday to extend losses from the previous session as weak U.S. manufacturing data reignited recession fears. Disappointing services sector activity data from China and a disagreement among ECB policymakers on the outlook for regional growth also dented investors appetite for riskier assets. The benchmark CAC 40 was down 64 points,...