Bitcoin (BTC) slipped further on Thursday, extending its recent decline despite a rally in Wall Street triggered by the Federal Reserve hinting at a potential September interest rate cut. Despite the positive news, investor sentiment …
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Bitcoin Flat, Ether ETF Launch Fails to Spark Price Surge
Bitcoin traded sideways on Wednesday, holding steady at $66,450.2, recovering slightly after losses earlier this week. The lackluster performance comes amid heightened political uncertainty surrounding the U.S. presidential race and a general aversion to risk-driven …
Continue readingCoinbase Stock Forecast: Needham Sees Short-Term Headwinds, But Remains Bullish Long-Term
Needham & Company analysts are expressing a mixed outlook on Coinbase (COIN) stock, highlighting both short-term challenges and long-term optimism. While acknowledging a strong Q1 performance, the firm believes recent street forecasts for the company …
Continue readingEuro Slides as ECB Keeps Rates Steady, Dollar Gains on Strong US Data
The euro weakened against the dollar on Thursday after the European Central Bank (ECB) held interest rates steady, as widely expected. The ECB provided no clear guidance on future rate changes, leaving the market to …
Continue readingCrypto Hacking Thefts Double to $1.4 Billion in First Half of 2024
Cryptocurrency theft through hacking has more than doubled in the first six months of 2024, reaching a staggering $1.38 billion, according to blockchain research firm TRM Labs. This alarming increase is driven by a combination …
Continue readingGlobal Stocks Surge on Strong US Jobs Data, UK Labour Wins Landslide Victory
Global stocks climbed on Friday, with US Treasury yields dipping after a strong jobs report boosted expectations of a Federal Reserve interest-rate cut. The S&P 500 and Nasdaq hit fresh closing highs, led by communication …
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