Category Archive: Cryptocurrency, No picture
Bitcoin eyes all-time high with 4% gap as ETFs attract massive inflows
Bitcoin’s price soared to $71,200 on Tuesday, only 4% away from its all-time high of $73,700 established earlier in March, according to data from TradingView. The rally comes on the heels of massive inflows into US spot Bitcoin exchange-traded funds (ETFs).Data from HODL15Capital shows that US Bitcoin funds collectively witnessed $887 million in net inflows, […]
Intel And Apollo Join Forces With $11-Billion Investment In Ireland’s Fab 34
Image Source: Unsplash Apollo-managed funds and affiliates acquire a 49% stake in Intel’s Fab 34 manufacturing network. Capital infusion to boost Fab 34’s production capacity and technological capabilities. Intel maintains operational control while leveraging Apollo’s financial resources. In a significant move to bolster semiconductor production, Intel Corporation (INTC) and Apollo Global Management (APO) have announced a […]
SEC to shut down Salt Lake Regional Office following DEBT Box sanctions fiasco
The US Securities and Exchange Commission (SEC) will shut down its Salt Lake Regional Office (SLRO), according to the agency’s announcement on Tuesday. The closure is planned for later this year and will reduce the total number of SEC regional offices from 11 to 10.The SEC claims the SLRO “has long been the SEC’s smallest […]
Market Sentiment May Be About To Take A Major Turn
Image Source: PexelsMultiple indicators suggest that risk could be in for a major turn.Video Length: 00:12:26More By This Author:Stocks Finish Mostly Lower Following Weaker Than Expected JOLTS Report Stocks Finish Mostly Lower As Risk-Off Sentiment Builds Implied Volatility May Rise, Credit Spread May Widen Amid High Stakes Data
Comprehensive Elliott Wave Analysis: Bitcoin, Gold, Oil & More
Image Source: UnsplashCommodity Market Elliott Wave Analysis Update: – Bitcoin (BTC) and Ethereum (ETH/USD): Advancing into Wave (iii) of v) of 1 of (5) of 3) of I; prepare for long positions during Wave 2 retracement. – US Dollar Index (DXY): Trending lower, in line with 10-year US Treasury yields; TLT Bonds expected to trend higher. […]
Index Present Tense
Image Source: UnsplashI wanted to catch up with some thoughts about seven key equity indexes.Let’s start off with the Nasdaq Composite. We are near lifetime highs, thanks largely to the continuing NVDA/AI insanity. Once NVDA starts to break – – and it will break, mark my words – – it’s game over for the entire tech sector. […]
JOLTS Drops To Lowest Levels In 3+ Years
Image Source: UnsplashThe April JOLTS report came out this morning. Kicking off a new Jobs Week, the Job Openings and Labor Turnover Survey was demonstrably lower: 8.06 million was a big drop from the downwardly revised 8.36 million for March. This is the lowest single month since February 2021 — ahead of the Great Reopening, but after the […]
Current Analysis: Infosys Ltd
Image Source: UnsplashInfosys (INFY) is a leading global IT services provider, with nearly 250,000 employees.Based in Bangalore, the Indian IT services firm leverages its offshore outsourcing model to derive 60% of its revenue from North America.The company offers traditional IT services offerings: consulting, managed services and cloud infrastructure services, and business process outsourcing as a service […]
CleanSpark mined 417 Bitcoin in May, now holds 6,154 BTC
Leading Bitcoin miner CleanSpark has revealed its May Bitcoin mining update. According to a press release published on Tuesday, the company mined 417 Bitcoin (BTC) last month, bringing its total holdings to 6,154 BTC.CleanSpark sold 2.43 BTC in May at an average price of around $59,000, with daily mining averaging 13.45 BTC and peaking at […]
Asia Morning Bites For Wednesday, June 4
Image Source: Unsplash Global Macro and Markets Global Markets: There wasn’t much on the G-7 macro calendar yesterday, but US Treasury yields continued to decline, though at a more moderate pace than in previous days. The 2Y yield dropped by 3.8 basis points and the yield on the 10Y fell 6.2bp to 4.326%. JGB yields are […]
