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Bitcoin needs to surpass $58,000 to restore bullish trend

Bitcoin needs to surpass $58,000 to restore bullish trend

Key Takeaways Bitcoin needs to surpass $58,000 to restore its bullish trend, according to traders. Over 50% of crypto investors remain optimistic about the current bull cycle despite recent corrections. Bitcoin (BTC) still holds the $58,000 price level as a key area to flip its choppy moment, according to the trader who identifies himself as […]
The Bank Of Canada Is Now Behind The Curve As The Unemployment Rate Rises

The Bank Of Canada Is Now Behind The Curve As The Unemployment Rate Rises

Image Source: Pexels Unlike the Federal Reserve, the Bank of Canada (BoC) does not have a dual mandate to seek price stability and promote maximum employment. Central to Canada’s monetary policy is the familiar 2% inflation target. Specifically, that target guides all the BoC’s decisions regarding setting its policy interest rate. Unemployment does not play any […]
Ethereum Whale Sparks Sell-Off Rumors With 11,215 ETH Coinbase Deposit

Ethereum Whale Sparks Sell-Off Rumors With 11,215 ETH Coinbase Deposit

Image Source: Pixabay An Ethereum whale has caused panic among community members following a recent transaction suggesting they might be looking to offload their holdings. This comes amid a recent prediction by research firm Matrixport that Ethereum’s price could significantly rebound from its current price level.  Ethereum Whales Transfers 11,215 ETH Onchain data shows that the Ethereum whale transferred 11,215 ETH ($34.3 […]
Innovative Industrial Properties: A True “High” Yielder

Innovative Industrial Properties: A True “High” Yielder

Innovative Industrial Properties (NYSE: IIPR) lives up to its name.The company is an innovative real estate investment trust, or REIT, that leases its 108 real estate assets to 30 cannabis operators in 19 states.REITs are known for paying sizable dividends, and Innovative Industrial Properties’ 7% annual yield makes it one of the higher-yielding REITs.Can it continue […]
Icelandair´s Share Price Down 98%

Icelandair´s Share Price Down 98%

Image Source: Unsplash The share price of Icelandair in the Icelandic stock market has tanked 98% in the most recent 8+ years, after topping out at an all-time high in late April of 2016. Over the period, its market capitalization has plummeted from almost ISK 194 billion to about ISK 36 billion.In September 2020, the airline […]
“Web3 will be a fundamental element of all future games,” says OKX exec

“Web3 will be a fundamental element of all future games,” says OKX exec

Key Takeaways OKX launches GameSphere, offering comprehensive tools for Web3 game developers. GameSphere features include WaaS, APIs, and NFT support for game development and deployment. OKX revealed its launchpad for Web3 games called OKX GameSphere. Launchpads are important as they lower the entry requirements for game developers to navigate and integrate Web3 into their games, […]
Rates Spark: US CPI Is Key For Rates Ahead

Rates Spark: US CPI Is Key For Rates Ahead

The 10Y is back in the 4.25% to 4.30% area, and looking for an excuse to dip lower. The CPI report will decide, and the expectation is it will provide a route for lower yields (but watch services prices). In contrast to the US, eurozone markets do not see a rate-cutting cycle building. The 2s10s Gilt […]
7th Heaven For S&P 500, Nasdaq As Stocks Soar Into CPI

7th Heaven For S&P 500, Nasdaq As Stocks Soar Into CPI

The S&P 500 and Nasdaq closed at session highs today to make it seven straight wins, with both indexes also logging their sixth and seventh-straight record close, respectively. The former is now on its best win streak since October, while the tech-heavy latter got a boost from resurgent chip stocks.The Dow followed suit with a triple-digit […]
Market Talk – Wednesday, July 10

Market Talk – Wednesday, July 10

Image Source: UnsplashASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 increased 251.82 points or 0.61% to 41,831.99 Shanghai decreased 20.01 points or -0.68% to 2,939.36 Hang Seng decreased 51.56 points or -0.29% to 17,471.67 ASX 200 decreased 12.90 points or -0.16% to 7,816.80 KOSPI increased 0.61 points or 0.02% to 2,867.99 SENSEX […]
Will The BRICS Currency Use A Gold Standard?

Will The BRICS Currency Use A Gold Standard?

I was asked to comment on this Tweet and said OK. 2/2 This has implications and has set in motion everything going on today: from sanctions, to tariffs , to supply chains of non-gold goods, to chains creation of value chains, to Fed policy changes and so on. — VBL’s Ghost (@Sorenthek) July 9, 2024 […]