Is the BTC bottom finally in? Data suggests that bears might be losing their tight grip on the market. The correlation between Bitcoin (BTC) and stock markets has been unusually high since mid-March, meaning the two asset classes have presented near-identical directional movement. This data might explain why the 10% rally above $21,000 is being… More
Topline The stock market surged higher on Friday, with stocks on pace to snap a three-week losing streak as investors shook off Federal Reserve Chair Jerome Powellās recent comments about more interest rate hikes from the central bank for the foreseeable future. Stocks have moved higher this week despite rising expectations for another big rate… More
Topline The stock market moved higher on Thursday even as recession fears continued and investors assessed comments from Federal Reserve Chair Jerome Powell, who pledged that the central bank is āstrongly committedā to bringing down inflation with rate hikes for the foreseeable future. Fed officials are warning that they wonāt pause or reverse rate hikes… More
Topline The stock market tanked on Friday despite the August jobs report coming in slightly lower than expected and dropping significantly from last month, which did little to ease investor concerns about more aggressive interest rate hikes from the Federal Reserve plunging the economy into a recession. Stocks added to losses this week despite a… More
Topline Stocks fell for a third day in a row on Tuesday as the recent summer market rally continues to fizzle out, with investors growing nervous about more big interest rate hikes from the Federal Reserve, which signaled last week that it would continue to tighten monetary policy for āsome timeā in an effort to… More
Topline Following hawkish commentary last Friday from Federal Reserve chair Jerome Powellāwho said that it would take āsome timeā to bring down inflation with ongoing interest rate hikesāexperts warn that there is still a long way to go before a reversal in monetary policy, meaning more volatility for the stock market in coming months. Investors… More
Topline The stock market moved lower once again on Mondayāfollowing a sharp selloff on Friday in which the Dow plunged 1,000 pointsāas investors continue to worry about ongoing interest rate hikes and tighter monetary policy from the Federal Reserve potentially throwing the economy into a recession. Investor sentiment took a major hit last week after… More
Topline The Federal Reserve reaffirmed that it is unlikely to take its foot off the pedal as it continues to raise interest rates until inflation eases in a meaningful way, with officials indicating that it will ātake some timeā before a reversal in monetary policy, according to the minutes from the central bankās latest policy… More
Topline The stock market fell on Wednesday, with the recent rally on Wall Street taking a breather as investors assessed the latest batch of retail earningsāparticularly a sharp drop in profits from Targetāand minutes from the Federal Reserveās July policy meeting. Experts warn that investors should be cautious about āchasingā the recent market rally. Seth… More
Topline While the Federal Reserve has made progress cooling the economy, there has still been ālittle convincing progressā in bringing down wage growth and high inflation, according to analysts at Goldman Sachs, who predict that it will remain difficult for the central bank to get surging prices under control without a recession. Though markets have… More
Topline The stock market fell despite more economic data that showed pricing pressures eased in July, which added to investorsā hopes that inflation may have peakedāthough some experts warn it could still be a long way to go before the Fed pivots away from its aggressive monetary policy tightening. Wholesale inflation fell in July, adding… More
As the global economy moves into a recession in the second half of 2002, Bitcoin will likely rally alongside gold and treasury bonds, according to Mike McGlone, a senior commodity strategist at Bloomberg. Bitcoin is likely to transition from a risk-on to a risk-off asset in the second half of 2022, as the macroeconomic environment… More
It now costs less to mine a single Bitcoin which could help to reverse the falling profitability trend while lowering power demands on the network. The cost of mining one Bitcoin (BTC) has fallen to ten-month lows as mining hardware becomes more efficient, and difficulty has dropped 6.7% since its May peak.On Wednesday, strategists from… More
Topline The stock market fell on Thursday as several big banks kicked off earrings season with disappointing results and warnings about the economy, while investors continue to worry that surging inflation will force the Federal Reserve to hike interest rates at a faster clip than previously expected. āRecession fears have fully gripped the markets,ā analysts… More
Topline A handful of Wall Streetās biggest firms are slashing their S&P 500 forecasts for the year, predicting lower stock market returns thanks to a difficult quarterly earnings season ahead as companies wrestle with surging inflation and rising interest rates. Corporate earnings kick off this week and will be āunder pressureā as recession fears escalate,… More
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