Arthur Hayes says the most important macro variable is the Japanese yen. The BitMEX co-founder predicted the US would print more money in response to a strengthening yen. Many believe that money printing drives up crypto prices. Global capital markets started the week in the red and crypto prices fell the most since 2022. US … Read more
The Federal Reserve has sought to cut rates urgently amid a global market selloff. However, emergency rate cuts could create more panic. Global markets suffered a sharp fall on Monday, spooking investors and fueling speculation that the Federal Reserve might need to step in faster. “I'm calling for an emergency 0.75% cut in the Fed … Read more
Crypto markets were in the red at the start of the week. However, Bitwise's CIO has three pieces of advice for investors. Crypto investors could be forgiven for feeling fear, uncertainty and doubt — or FUD, abbreviated in industry parlance — after a massive selloff saw the crypto's total market capitalization drop 18% to $1.8 … Read more
Japan's stock market rallied more than 10% on Tuesday. Bitcoin and crypto may have set a new floor after heavy losses in the last four days. All eyes turned to the US stock market open. Is the garbage out? On Tuesday, investors saw a 10.2% rebound in Japan's bellwether Nikkei stock index, hoping that the … Read more
Global capital markets saw Bitcoin and Ethereum pull double digits on Monday. Investors in a Bitcoin ETF remained steady. Monday's market turmoil led to $1 billion in liquidations, while bitcoin fell more than 17%. But investors in BlackRock's spot bitcoin exchange-traded fund are ambivalent. According to data from the investment firm, outflows — investments in … Read more
Bitcoin options traders are still betting on a rise to $100,000 before the end of the year. Trading data shows a positive outlook through Monday's reversal. A bloody Monday in the markets didn't bother bitcoin traders, who were betting the price would hit $100,000 by the end of the year. Options that pay when bitcoin … Read more
The Bank of Japan cut another rate hike this year. After a major recession that began late last week, the decision has returned to the rest of the world. On Monday, Japan’s stock market posted its worst performance since 1987. Good news for cryptocurrencies from Tokyo. Responding to recent market volatility, the Bank of Japan … Read more
The volume of trading suggests that investors are warming to six Hong Kong crypto ETFs. The market is still small compared to the US.In July there were no flights. It may be small, but the Hong Kong cryptocurrency exchange is setting a record day for trading volume. As global markets rumbled on Monday, six Hong Kong digital asset ETFs traded $30.8 million in six Hong Kong digital currency ETFs. Their biggest day since launching the fund on April 30. Bitcoin ETFs registered just over $26.1 million, while three Ethereum coins traded $4.7 million. Despite the gains, trading volume fell on Tuesday, highlighting the challenges ahead for Hong Kong ETFs to sustain. … Read more
Investors bought more than $156 million in BlackRock's Ether ETF. Others ran away from bitcoin products at nearly twice that price. Even as Ethereum fell, savvy investors plowed more than $233 million into various spot ether exchange-traded funds, new data shows. BlackRock had the most action, adding $157 million to its ETFs on Monday and … Read more
Bitcoin hashprice hit an all-time low this week. The decline is caused by intense competition and a recent market sell-off. It could put many small mining companies out of business. Fierce competition and a sudden drop in bitcoin’s price have pushed miners’ profitability measures to all-time lows, overwhelming many who have struggled to survive since … Read more
Bitcoin hashprice hit an all-time low this week. The decline is caused by intense competition and a recent market sell-off. It could put many small mining companies out of business. Fierce competition and a sudden drop in bitcoin's price have pushed miners' profitability measures to all-time lows, overwhelming many who have struggled to survive since … Read more
Envisioning a New Era: The Rise of the Gig Economy in India by 2030 Imagine a world where the traditional 9-to-5 job is a thing of the past, replaced by the freedom to work on multiple contracts that fit your life. While this may sound like a dream, it’s a reality that’s fast approaching. I … Read more