Bitcoin Mining Difficulty Reaches All-Time High as Miners Face Second-Largest Increase This Year
Bitcoin’s mining difficulty has reached an all-time high (ATH) on February 24, 2023, at block height #778,176, surpassing the 40 trillion mark for the first time ever. The network’s difficulty increased by 9.95%, which is the second-largest rise this year, as Bitcoin recorded a combined 24.89% increase during the last 60 days. This makes it […]
United States CFTC Oil NC Net Positions dipped from previous 249.8K to 243.8K
Investing in the financial markets can be a risky endeavor and carries a great deal of potential for loss. It is important to understand the risks associated with any financial instrument before making any investment decision. On these pages, you may find information about various markets and instruments, but this should not be taken as […]
All 30 Dow stocks are falling, led by Boeing, Salesforce and Disney
Friday’s premarket saw a dip in the share prices of all 30 components of the Dow Jones Industrial Average (DJIA), which closed at a -1.02% decrease. This decrease was caused by strong consumer spending data, which worried investors that the Federal Reserve could raise rates more and for longer. The biggest decliner in the Dow […]
Traders see nearly 1-in-3 chance of half-point Fed rate increase in March after PCE data
The Federal Reserve’s recent release of the January Personal Consumption Expenditures (PCE) inflation data has caused a stir among traders of fed funds futures. The data has led to an increase in the likelihood of a half-a-percentage-point rate increase by the Federal Reserve in March, rising from 27% a day ago to 32.9%. If this […]
United States CFTC Gold NC Net Positions increased to $160.3K from previous $157.7K
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Will Full Blocks Destroy Bitcoin? Saylor Argues with Digital Scarcity
The question of whether full blocks can destroy the Bitcoin network has been a hot topic of discussion among crypto enthusiasts and experts alike. Michael Saylor, the chairman of MicroStrategy Inc., recently weighed in on the matter, arguing that Bitcoin ensures digital scarcity by holding asset supply and transaction bandwidth constant over time. He further […]
Real estates services stocks slump as 10-year yield climbs to multi-month highs
Shares of real estate services companies dropped on Friday, despite better-than-expected new home sales data. The strong data sent 10-year Treasury yields to 3 1/2-month highs, causing the stock prices of many real estate companies to fall. Redfin Corp. saw a 6.63% decrease, while Zillow Group Inc. dropped 2.65% and ZG fell 2.57%. RE/MAX Holdings […]
XAU/USD under pressure as rates go up – Commerzbank
Gold is facing headwinds from several sides at once, and economists at Commerzbank are reporting that prospects of higher rates are set to weigh on the yellow metal. In the last five days of trading, gold ETFs have seen increased outflows of 14.7 tons, which equates to nearly three tons per day. The world’s largest […]
Whale sells 1,010 NFTs in 48 hours in ‘largest NFT dump ever’
Non-fungible tokens (NFTs) have been gaining traction in the digital art world, with the latest example of Whale Jeffrey Hwang — also known as Machi Big Brother — making headlines. According to data from Nansen, Machi has dumped 1,010 tokens for a total of 11,680 Ether (ETH) or $18.6 million in the space of 48 […]
Ford extends electric F-150 production halt
Ford Motor Company (F) announced on Friday that it would be extending the production halt for its electric pickup truck, the F-150 Lightning, by an additional week. This comes after a battery fire during pre-delivery quality checks led to the halt. The company said that the supplier, SK, is now back to producing high-quality cells, […]