The S&P 500 sustained its fourth day of losses following suggestions that the Fed could keep battling inflation aggressively.
The regulations could also include required provisions on Bitcoin, stablecoins, and other crypto assets.
Goldman Sachs reckons that stocks in China would surge substantially at the end of the year on an improving economy.
The slump in the Nasdaq Composite was fueled by some key stocks that recorded significant losses on Thursday.
It is for the first time that the BTC price is trading close to $25,000 since August 14, 2022. Whale participation and trading volumes might soon shift from altcoins to Bitcoin.
Yesterday’s higher stocks close indicates that the US economy is holding up amid the Fed’s interest rate hike agenda.
The goal of the Bank of England and other global central banks is to lower inflation. The BoE is committed to doing this through additional interest rate hikes.
The pump in January 2023 inflation keeps markets on the edge as analysts expect further rate hikes and monetary tightening during the upcoming FOMC meetings in March and May.
Another report suggests that the US SEC is planning to sue Paxos for the sale of BUSD stablecoins as unregistered securities.
Stablecoin issuer Paxos recently received a lawsuit notice from the SEC regarding indiscretions linked to the BUSD stablecoin.
With the next key monetary policy meeting slated for March, analysts’ gazes are fixed on the announcements from the Fed.
The humongous earnings from these oil giants have been criticized by a lot of activists including Amnesty International and Global Witness.
However, Bitcoin price could edge lower in the coming quarters as the Fed hikes interest rates in a bid to bring down inflation to 2 percent.
Bitcoin price is yet to give clear technical information on the next trend whatsoever, despite a 6 percent deep in the past week.
Since the beginning of 2023, the Nasdaq index is up by 15.60% in one of the major recoveries after last year’s downfall.