Bitcoin Shows Strong Divergence from Equities as BTC Price Drops Under $60,000
Bitcoin’s major divergence from the US equity market comes amid forced selling by BTC miners in order to cover their operational costs.
Top Analyst Turns Bearish on Tech Stocks and Crypto Ahead of Bitcoin Halving 2024
Bitcoin price has struggled to rally beyond $72K despite its dominance against altcoins rallying further against all odds.
90% of Bitcoin Holders in Profit, BTC Price Shoots $44,500 amid Whale Accumulation
This resurgence in Bitcoin price is partially credited to the uptick in holdings among whale wallets containing over 1,000 Bitcoins.
Dow, Nasdaq, S&P 500 Had Their Worst Trading Days Since Last Year as Fed Signals No Rate Cuts
By Tolu Ajiboye
The stock market reacted negatively to the Fed Chair’s comment indicating that the apex bank was uninterested in rate cuts until after March.
S&P 500 Hits New Record Close as Market Awaits Wall Street Earnings and Fed Decision on Interest Rates
By Tolu Ajiboye
While all three major indexes rose, the S&P 500 hit a new record barely a week after setting a previous one.
Dow Jones Hits New Record as It Scales 38,000 for First Time Ever
By Tolu Ajiboye
The Dow has hit a new record, while other indexes also increased, as traders believe the Fed will leave interest rates unchanged.
S&P 500, Dow Jones, Nasdaq Record Increases as Investor Sentiment Improves on Expected Fed Rate Cuts
By Tolu Ajiboye
The three major indexes, the S&P 500, the Dow, and the Nasdaq are enjoying a continued rally as the market hopes for rate cuts.
Dow Records 158 Point Rise on Thursday as Economic Data Shows General Improvement
By Tolu Ajiboye
There was a general rise in the Dow, S&P 500 and Nasdaq Composite indexes following hints that the Fed policy would favor the general market.
Dow Jones Jumps 500 Points to All-Time High as Fed Keeps Rates Unchanged
With yesterday’s historic high, the Dow Jones extends its Q4 rally to more than 10%. On the other hand, the technology sector also makes a fresh all-time high.
Stock Futures Move Higher as Traders Await Today’s Fed Rate Policy Decision
By Tolu Ajiboye
The gains have come while traders await the conclusion of the final Fed meeting of 2023.
Dow Futures Slightly Up after closing at New 2023 High, Treasury Yields Remain Flat
By Tolu Ajiboye
Stock futures are mixed after the Dow Jones Industrial Average closed its best month in more than a year.
Stock Market Surges on Inflation Optimism: Wall Street Celebrates
Following the release of the CPI report, Fed-funds futures pricing data indicated that rates are likely to remain steady at the next Federal Reserve policy meeting.
S&P 500 Ends Winning Streak amid Inflation Concerns and Yield Surge
The stock market’s decline coincided with a significant increase in bond yields. However, market experts remain cautiously optimistic about the overall trajectory.
Fed Chair Expresses Inflation Concerns, Future Rate Hikes Possible
Fed Chair Jerome Powell said that if is required, they won’t hesitate to rise interest rates further in order to bring the inflation to its desired target of 2%.
S&P 500 and Nasdaq Record Their Longest Winning Rally Since November 2021
The Dow had the weakest performance among the three major indexes during Tuesday’s session, primarily due to several declining stocks.