The U.S. dollar turned weak Thursday morning after data showing a jump in jobless claims raised the prospect of interest rate cuts this year. However, it recovered as the day progressed and even managed to gain some ground against a few of its major counterparts. Data from the Labor Department showed that initial jobless claims...
Indian shares are seen opening lower on Friday after the S&P 500 posted its biggest daily percentage drop since Feb. 13 overnight on concerns about the outlook for interest-rate cuts. Investors also await the RBI\'s rate decision later in the day, which might be impacted by a number of factors inflation, growth prospects and global...
Indian shares opened on a weak note Friday as investors reacted to weak global cues and awaited the RBI\'s policy meeting outcome. Global sentiment remained fragile as higher energy prices and hawkish comments from Fed officials spurred concerns about the outlook for inflation and interest rates. The benchmark S&P BSE Sensex dropped 215 points, or...
Factory orders and construction Purchasing Managers\' survey results from Germany and house prices from the UK are the top economic news due on Friday. At 2.00 AM ET, Destatis is scheduled to issue Germany\'s factory orders data for March and import prices for February. Orders are expected to grow 0.3 percent on month, following a...
European stocks may decline at open on Friday after a trio of Fed policymakers cooled hopes of immediate rate cuts. Richmond Fed President Tom Barkin said that officials can afford to take time to when considering interest rate decreases and \"no one wants inflation to reemerge.\" Minneapolis Fed President Neel Kashkari said that he has...
Leading global Bitcoin mining company Bitfarms Ltd. (BITF) released its monthly production report for March 2024 alongside an update on its ongoing fleet upgrade and expansion efforts On April 1. While March’s Bitcoin production dipped slightly compared to previous months, the report highlights several positive developments that position the company for future growth. #Bitfarms Announces...
Morgan Creek Capital CEO Mark Yusko predicts the price of one Bitcoin (BTC) could reach $150,000 by the end of the year – more than double its current price. In an interview with CNBC’s Fast Money on Saturday, the hedge fund manager argued that Bitcoin’s fair market value is currently $50,000, based on Metcalfe’s law...
According to CNBC’s Andrew Sorkin investors aren’t buying Bitcoin (BTC) as an inflation hedge. During an April 1 interview with Pomp Investment founder Anthony Pompliano, both debated whether BTC’s theoretical role as a “risk off” asset is a real thing or a mere narrative driven by speculators. Bitcoin: Risk On Or Inflation Hedge? Pompliano argued...
Spot Bitcoin (BTC) exchange-traded funds (ETFs) saw outflows on Monday as the flagship cryptocurrency dropped below $67,000. According to data from investment firm Farside, outflows from Grayscale’s Bitcoin ETF (GBTC) surged once again, reaching over $300 million on that day. The combined net outflow for Bitcoin spot ETFs reached $85.84 million, driven primarily by the significant...
The Bitcoin (BTC) price is eyeing a possible breakout to the south of the $65,000 level as the market readies itself for a potential $2.1 billion sale of confiscated Silk Road Bitcoin tokens by the US government. A wallet associated with the US Department of Justice just moved 30,174.7 BTC tokens to a Coinbase wallet....