Increased Bitcoin demand from institutional investors led by the ETF frenzy and new stablecoins launch has widened crypto liquidity and trading volume.
US equity market remains upbeat and optimistic ahead of the CPI data release for the month of July 2023.
PayPal assures its users that PYUSD is fully backed by USD, reserve with funds supporting the stablecoin, while addressing concerns about issuing unbacked tokens.
Saudi Arabia’s investment fund has reported a heavy loss worth billions of dollars from economic factors that reduced its many investments.
From October 3, customers in the US will no longer be able to use Revolut to buy, sell, or hold any cryptocurrencies.
After a strong rally in growth stock and other tech companies, analysts are advising investors for a sectorial rotation to defensive stocks.
Before releasing the latest ratings, Fitch had initially warned about a possible downgrade during US debt ceiling negotiations a few months ago.
Bitcoin price moved from $28.6k to around $30k on Tuesday but stabilized around $29.6k during the early Asian trading hours on Wednesday.
Bitcoin’s volatility is at a 5-year low with K33 research analyst predicting that the period of low volatility could be ending soon amid pure structural squeezes.
While inflation in Eurozone shows signs of slowing down, it still remains much higher than the targeted 2%. Economists also pointed out other cracks in the Eurozone economy.
Gensler has consistently stated that most cryptocurrencies, except Bitcoin, should be treated as securities.
As the global economy continues to recover from the COVID-19 pandemic, the Eurozone is facing increasing chances of inflationary pressures.
Meta CEO Mark Zuckerberg highlighted that the company’s app continued to record strong engagement and currently has an exciting product in the pipeline.
The recent Fed increase in interest rates has put the midpoint of the target range at the highest level in over two decades.
The DIJA rally is going strong and withstanding pressure from sentiments surrounding the Fed’s increase in interest rates.