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Bitcoin, which rose after Grayscale won its SEC case, has fallen to its lowest point since March as the market awaits an ETF decision.
China’s efforts to support and revive its property sector took a notable turn recently with a series of monetary policy adjustments to provide relief to the struggling real estate market.
Bitcoin continues to show weakness as the BTC price can move towards $24,000-25,000 as it goes to test the 200-week EMA once again.
Additionally, UBS has announced its decision to fully integrate Credit Suisse’s domestic banking unit into its operations.
The court ruled that the SEC failed to provide sufficient evidence as to why Grayscale’s application to convert its Bitcoin Trust to a spot ETF was denied while the agency approved a futures ETF.
The inflation and jobs data will play a crucial role in further market movements.
Since 2022, Bitcoin’s trading volume has declined by nearly 90 percent despite increased demand from institutional investors.
Driven by the high demand for AI products, Nvidia reported a significant increase in revenue and expects exponential growth ahead.
The price of Bitcoin is struggling to maintain momentum and has succumbed to several macroeconomic factors over the last week.
Arm was acquired by SoftBank in 2016 for $32 billion and expects to return to public trading to compete with other chip designers and manufacturers.
US residents are going through the worse level of housing affordability not seen for four decades as mortgage rates continue to spike.
The 10-year Treasury yield rose while the 2-year yield fell as investors considered the implication of the Federal Reserve’s meeting minutes.
Market’s bullish sentiment dampens with the Fed hinting that more rate hikes are on the cards amid the sticky inflation.
While the easing of headline inflation is welcome news for consumers, experts are paying closer attention to the underlying trends.
US financial giants witnessed their shares slide as credit rating downgrades cast a shadow over the sector.