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The Bank of England is considering a 50 basis points rate hike next month which would be the single biggest increase in over 30 years.
French international banking group BNP Paribas is exploring crypto custody through a partnership with Swiss institutional digital asset custody firm Metaco.
Markets make a strong rebound with some analysts believing that the bottom could be already in. Banking giants make strong gains on Tuesday.
The lawsuit was to determine if Musk was under obligation to complete the deal or pay the breakup fee.
Bitcoin has moved past its crucial resistance of 200-week EMA. But BTC needs to form a daily and weekly candle above it to confirm the uptrend.
The Dow saw a pullback of more than 200 points pullback during late-day trading as Apple plans to slow hiring and growth spending in 2023.
Altcoins led by Ethereum have been the major contributors to the price rally. On the other hand, Bitcoin faces a strong resistance at its 200-week moving average.
Analysts opine that expected earnings reports could impact investors’ reaction to the stock market after last week’s volatility.
Bitcoin and Ethereum have shown a strong upside over the last weekend. A strong weekly closing can result in a further price rally ahead this week.
The lawsuit filed by Twitter notably wanted an expedited hearing set at around 60 days from the filing date.
Stock markets in Europe began Friday on a positive note even as China continues to weather lingering headwinds from Covid controls.
The stock market turned up underwhelming numbers on Thursday as talks of a recessionary plunge continue to dominate the financial outlook.
The high inflation growth and the projected interest rate hike may result in an unwarranted situation of an economic recession.
The growth in the US Inflation rate is also notably weighing down on the hoard of digital currencies beginning with Bitcoin.
The US stock market seemed to be under pressure, losing out on all major sectors as key inflation data draws near.