Bitcoin price falls to a multi-month low, but data points to a possible short-term bounce
Bitcoin Struggles as Market Reacts to Fed Rate Hike Expectations Bitcoin is enduring a tough start to March, with prices falling to a two-week low of $20,050 due to the market’s resurrection of inflationary fears. Jerome Powell’s hawkish comments on March 7 amplified traders’ expectations of a 50-basis point hike in the upcoming policy meeting, […]
Biden presents $6.8 trillion budget, proposes raising taxes
On May 28, 2021, US President Joe Biden presented his budget for the fiscal year 2024, outlining his plan to cut $3 trillion from the fiscal deficit over the next decade. The budget also includes proposed tax hikes on both wealthy individuals and large corporations, which is predicted to add more revenue to the government’s […]
Cardano Might Turn Around If It Moves Above These Two Levels
Cardano (ADA) Might Turn Around If It Moves Above These Two Levels Cardano’s price remained bearish at the time of writing, with the altcoin trading at $0.31. The coin has been on a downtrend for quite some time now, with a depreciation of double digits in the past week. The 11% decline on the weekly […]
One step backwards now
or was positive, however, the market fell short of expectations in its rebound from Wednesday’s sell-off. The S&P 500 semi reversed Wednesday, but the bounce left something to be desired. The premarket moves on Thursday were promising. Futures were up for all three major indexes. The unemployment claims report was also positive, offering hope for […]
The Nemesis launch the land NFT
Metaverse: The Nemesis Launches Land NFT for Virtual Real Estate Investors As the world becomes increasingly digital, it only makes sense that our idea of “real estate” would undergo a transformation as well. Enter the metaverse, an immersive digital space where users can buy, sell, and build on virtual lands. The Nemesis, a company focused […]
Forecasts from three major banks, likely January rebound
On March 10th, the UK is set to release its growth numbers for January. The forecasts from economists and researchers of three major banks are looked at below regarding the upcoming Gross Domestic Product (GDP) data. The UK economy is expected to show an increase of 0.1% month-on-month, compared to the -0.5% decline in December. […]
Announced job cuts are highest at this point of the year since 2009: Challenger
The American economy has been experiencing a rocky ride in the past year, exacerbated by the unprecedented challenges posed by the COVID-19 pandemic. A recent report by outplacement firm Challenger, Gray & Christmas reveals that year-to-date job cuts in 2021 have been the highest since the 2009 global financial crisis. Although announced job cuts have […]
Fantom (FTM) Price Plummets, Bulls Struggle to Recover
The cryptocurrency market can be quite volatile, and the recent movements in the price of Fantom (FTM) are a clear indication of this. Over the past 24 hours, the price of FTM has hit a new 30-day low of $0.3578, as selling pressure in the market has increased. At the day’s high of $0.3903, bullish […]
FX option expiries for Mar 9 NY cut
The foreign exchange market, also known as the forex market, is the largest financial market in the world. It involves the exchange of currencies between global traders and enables companies, investors, governments, and individuals to trade one currency for another at a market-determined exchange rate. Just like any other market, the forex market has its […]
Bitcoin Miner Spent $1.65 Million On a Private Aviation Business
According to recent reports, a private aviation company associated with Core Scientific, the world’s biggest bitcoin miner with a 10% share of global BTC hash rate, has cost the bankrupt company $1.65 million. Stone Tower Air LLC was the last recipient of payment from Core Scientific before the filing for Chapter 11 bankruptcy in December. […]